Earnings

American Express on Thursday reported lower earnings in the first quarter but earnings per share beat estimates. The New York-based company said it had net income of $1.55 billion, or $1.80 per share. Earnings, adjusted for non-recurring costs, came to $2.01 per share. The results surpassed Wall Street expectations. The average estimate of eight analysts
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Luke Sharrett | Bloomberg | Getty Images A Pier 1 Imports retail store stands in Louisville, Kentucky. Chief Executive Officer Alasdair James stepped down in December after his turnaround efforts failed to deliver results. The company had then said it was evaluating strategic options, but may not result in a sale. The company named director of
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Rival Nestle also reported better-than-expected first-quarter sales on Thursday. Following its first quarter under new chief executive Alan Jope, Anglo-Dutch Unilever also stood by its 2020 target for an underlying operating margin of 20 percent, set by Jope’s predecessor Paul Polman in the wake of 2017’s rebuffed $143 billion takeover offer by Kraft Heinz. Unilever’s
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Morgan Stanley on Wednesday posted profit and revenue that exceeded analysts’ expectations on better-than-expected results in wealth management and fixed-income trading. The bank said it generated $2.4 billion in first-quarter profit, or $1.39 per share, compared with the $1.17 estimate of analysts surveyed by Refinitiv. Morgan Stanley’s revenues of $10.3 billion beat the $9.94 billion
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PepsiCo shares jumped to a record high on Wednesday after the beverage and food giant reported quarterly earnings and revenue that topped analysts’ expectations, thanks to continued growth internationally and by its Frito-Lay snack business. Shares of the company rose 3% during morning, to a record $126.85 per share and boosting the market value to
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United Continental Holdings, the parent company of United Airlines, reported first-quarter earnings Tuesday that beat Wall Street profit expectations but fell shy of revenue estimates, as the airline grapples with the prolonged grounding of Boeing’s 737 Max jets. Here’s what the company reported versus what analysts polled by Refinitiv expected: Adjusted earnings per share: $1.15
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Shares of IBM fell as much as 4 percent on Tuesday after the company said it generated less revenue than analysts had expected in the first quarter. Here are the major numbers: Earnings: $2.25 per share, excluding certain items, vs. $2.22 per share as expected by analysts, according to Refinitiv. Revenue: $18.18 billion, vs. $18.46
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Disney will pull its movies from Netflix this year to stream on its own new service, Disney+ instead. But CEO Reed Hastings said on a live-streamed earnings interview following the report that he’s unconcerned about the loss of content from third-parties and is focused on building up Netflix’s own original content library. “We’ve expected this
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Bank of America shares dropped Tuesday after executives said the lender’s net interest income growth was falling because of declining interest rates and a slowing U.S. economy. Despite posting a record first-quarter profit driven by cost cuts and strength in the bank’s Main Street lending operations, shares of the company fell 2.7% at 10:09 a.m.
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Johnson & Johnson‘s mounting legal costs ate into its first-quarter profits, which dropped 14% as it fights thousands of lawsuits over its talc baby powder and shelled out almost $400 million to settle 25,000 cases over its blockbuster blood thinner Xarelto. Still, the health company on Tuesday reported better-than-expected earnings, and its shares closed up
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BlackRock, the world’s largest asset manager, reported a better-than-expected first-quarter profit and garnered tens of billions of new investor cash as global financial markets rebounded from a volatile fourth quarter. Net income attributable to BlackRock fell to $1.05 billion, or $6.61 per share, in the three months ended March 31, from $1.09 billion, or $6.68
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UnitedHealth reported a first-quarter profit above estimates and raised its 2019 earnings forecast, driven by strength in its pharmacy benefit management business and higher enrollment for its health plans. The largest U.S. health insurer’s shares rose 2% to $235 in pre-market trading. The industry bellwether, which is the first health insurer to report quarterly results,
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Citigroup reported mixed first-quarter results on Monday, saying its earnings were boosted by share buybacks while revenues fell amid a sharp decline in equities trading. Here’s how the company’s results measured up to analyst forecasts: Earnings: $1.87 per share vs $1.80 expected by Refinitiv Revenue: $18.576 billion vs $18.634 billion forecast Fixed-income, currencies and commodities
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Goldman Sachs shares declined after posting first-quarter revenue below analysts’ estimates on tougher market conditions for the firm’s trading and investing divisions. The bank said Monday that revenue dropped 13 percent to $8.81 billion, below analyst’s $8.9 billion estimate. Meanwhile, the firm generated $2.25 billion of profit in the period, or $5.71 a share, exceeding
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Wells Fargo reported better-than-expected quarterly earnings on Friday as consumer transactions and auto loans picked up. Here’s how the company’s results compared with expectations in a Refinitiv survey of Wall Street analysts: Earnings: $1.20 per share vs $1.09 per share expected Revenue: $21.609 billion vs $21.012 billion forecast Shares of Wells Fargo rose half a
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PNC Financial’s first-quarter profit met analysts’ estimates on Friday, as a rise in expenses and provision for credit losses overshadowed growth in interest income and loans. The lender’s expenses rose 2% to $2.58 billion, while provision for loan losses more than doubled to $189 million from a year ago. Net interest income rose about 5%
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J.P. Morgan Chase on Friday reported record first-quarter profit and revenue that exceeded analysts’ expectations as the bank benefited from higher interest rates. The company said profit rose 5 percent to $9.18 billion, or $2.65 a share, compared with analysts’ average estimate of $2.35 a share. Revenue also rose 5 percent to $29.9 billion, exceeding
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Delta Air Lines generated record revenue and posted first-quarter earnings Wednesday that beat Wall Street’s expectations for both profit and revenue. “Demand for Delta’s product has never been stronger,” President Glen Hauenstein said in a statement announcing the earnings. “With our customer-focused commercial initiatives delivering strong customer loyalty and top-line momentum, we now expect full-year
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