Earnings

U.S. regional bank PNC Financial Services beat analysts’ estimates for quarterly profit on Friday, but reported a 6 percent rise in operating expenses as it invested in marketing and retail banking. A strengthening U.S. economy pushed borrowing by businesses higher while keeping loan losses low and interest income rose 5.2 percent to $2.47 billion. PNC’s
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Citigroup reported better-than-expected earnings for the third quarter on Friday as the company’s bottom line received a boost from lower corporate taxes. Here is how the banking giant’s results fared compared with Wall Street estimates: Earnings: $1.73 per share vs $1.69 expected by Refinitiv Revenue: $18.389 billion vs $18.501 billion forecast The company’s stock rose
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Walgreens Boots Alliance shares fell Thursday after the retailer’s earnings report showed that fourth-quarter revenue had fallen short, despite a boost from newly acquired stores. Shares declined nearly 2 percent on the day. Walgreens reported net income of $1.5 billion, or $1.55 per share, up from from $802 million, or 76 cents per share, a
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PepsiCo on Tuesday delivered better-than-expected third-quarter earnings that showed signs of growing consumer demand for its teas, Gatorade, namesake cola and other beverages in North America. The 16 percent surge in profits was a victory for Indra Nooyi on her last day as CEO, after years of facing pressure to sell or spin the company’s
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SeongJoon Cho | Bloomberg | Getty Images John Chen, chief executive officer of BlackBerry Ltd., holds the BlackBerry Priv smartphone. BlackBerry reported quarterly profit above Wall Street’s estimates on Friday, as lower expenses helped offset a drop in its enterprise software and services revenue. U.S.-listed shares of the company were up 2.7 percent premarket. BlackBerry,
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Rite Aid said it would overhaul its board of directors Thursday, a month after it abandoned its merger with grocery chain Albertsons. The company said that it is separating the CEO and chairman position. Director Bruce Bodaken will become chairman and John Standley will remain CEO. Additionally, Rite Aid nominated three independent directors — Robert
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FedEx reported quarterly profit that missed Wall Street estimates on Monday, as employee compensation and other expenses weighed on results. Shares in the Memphis-based package delivery company fell 5 percent Tuesday. FedEx and rival United Parcel Service are considered bellwethers for the U.S. economy and investors are monitoring U.S. President Donald Trump’s tariff battle with
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The cloud license and on-premises license generated revenue of $867 million, compared with the $865 million consensus estimate among analysts. Hardware revenue came in at $904 million, while services revenue was $813 million. Last week, analysts at KeyBanc Capital Markets lowered their estimates for Oracle’s next few quarters. “Oracle’s move to the cloud is taking
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GameStop, the world’s largest video game and gaming console retailer, reported a lower-than-expected quarterly profit on Thursday due to lower sales of video game software at its outlets. Shares of the company fell about 5 percent to $14.43 after the bell on Thursday. Net sales from the video game software business fell 18.5 percent to
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Emile Wamsteker | Bloomberg | Getty Images A customer exits a Big Lots store in Clifton, New Jersey. Shares of Big Lots plunged in premarket trading Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 10 percent before the opening bell, set to
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Campbell Soup on Thursday reported better-than-expected quarterly profit, but sales fell short of expectations. The company also announced plans to shed two international units and its fresh foods business. Here’s what the company reported versus what Wall Street expected, based on average estimates of analysts polled by Thomson Reuters. Adjusted earnings per share of 25
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Shares of cloud storage provider Box tanked more than 10 percent Wednesday morning after the company reported earnings for the second quarter of its 2019 fiscal year and offered slightly weak guidance for the third quarter. The stock fell as low as $23.53, extending its after-hour losses on Tuesday. That puts Box on pace for
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Patrick T. Fallon | Bloomberg | Getty Images Pat Gelsinger, CEO of VMWare, speaks during the Montgomery Summit in Santa Monica, California, March 9, 2017. VMware’s second-quarter profit and revenue beat analysts’ estimates on Thursday, helped by strong demand for its cloud-based software services. The company’s services revenue, which accounts for majority of its total
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