Earnings

Investors came into this earnings season with high hopes as FactSet had forecast year-over-year profits to grow by 20 percent in the second quarter. So far, second-quarter earnings have increased by 24 percent through Friday. At this rate, quarterly earnings are on pace to post their second-highest year-over-year growth since the third quarter of 2010,
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American International Group reported second quarter profit that fell well short of expectations, sparking an after-hours sell off in its shares. As of 4:21 p.m., AIG shares had fallen 6 percent and were on track for their worst day since February 2017. The insurance giant reported adjusted earnings per share of $1.05 for the quarter
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GoPro reported second-quarter results that beat analysts’ expectations on Thursday. Here’s how the company did compared with Thomson Reuters consensus estimates: Loss per share: 15 cents vs. 22 cents expected Revenue: $282.7 million vs $270.2 million expected The stock was up as much as 10 percent in after-hours trading before giving up those gains and
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Tesla shares leaped higher after chief executive Elon Musk said the electric car maker beat Wall Street’s revenue expectations, apologized for prior bad manners toward analysts and reiterated a promise for future profitability. Tesla’s stock jumped 9 percent in trading Thursday. Oppenheimer, which upgraded Tesla shares to outperform following the earnings report, told clients the
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Fitbit shares jumped Wednesday in extended trading after the company released better-than-expected second-quarter numbers. Here’s how Fitbit fared: Loss per share: 22 cents, vs. 24 cents forecast by Thomson Reuters. Revenue: $299.3 million, vs. $285.4 million forecast by Thomson Reuters. Analysts had projected quarterly revenue of $285.4 million, or a nearly 20 percent year-over-year sales
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Kevin Winter | Getty Images A woman talks on a mobile phone as she walks past a Sprint Corp. store in Palo Alto, California. Sprint on Wednesday topped analysts’ estimates for quarterly profit, helped by surprise growth in wireless subscribers in a competitive U.S. wireless market. The fourth-largest U.S. wireless carrier is working to merge
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The record services revenue is partly the result of a one-time line item totaling $236 million related to lawsuits, the company said. It also saw a boost from increased paid subscribers through the App Store, a 50 percent year-over-year increase in cloud revenue, and higher Apple Pay usage rates. “Apple Pay continues to expand with
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Archer Daniels Midland‘s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.–China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New York Stock Exchange. Operating profits
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Caterpillar reported record second-quarter earnings per share Monday and bumped up its full-year forecast. The big machinery exporter also said it would offset a sizable second-half profit hit from the tariffs by raising prices. “Caterpillar delivered record second-quarter profit per share,” CEO Jim Umpleby said in a statement. “Based on outstanding results in the first
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Shares of Boston Beer tumbled on Friday after the Samuel Adams beer maker reported quarterly earnings that fell well short of analyst expectations. Boston Beer earned $1.98 per share in the second quarter, while analysts polled by Reuters expected a profit of $2.81. The company’s revenue fell in line with analysts’ estimates at $273 million
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AbbVie barely beat Wall Street forecasts on sales of its mainstay medicine Humira, failing to allay investors’ concerns over the future of the cash cow product and sending the drugmaker’s shares down 5 percent on Friday. Humira is the world’s best-selling prescription medicine and accounts for some two-thirds of AbbVie’s overall revenue. But the drug
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Cloud-based software company LogMeIn fell more than 24 percent during late-morning trading due to weak outlook for the third quarter. The Boston-based company reported earnings per share of $1.32 versus Wall Street expectations of $1.25, according to FactSet. However, it lowered its revenue expectations for the fiscal year by 2 percent. LogMeIn now expects its
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Chevron reported quarterly profit and revenue that fell short of Wall Street’s expectations, but the company’s stock still rose after the oil major announced it would begin buying back $3 billion of its stock from shareholders each year. The plan to return cash to investors is another sign that Chevron is moving past a bruising
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Amazon shares rallied after the e-commerce giant reported a second-quarter profit that doubled Wall Street’s expectations. Amazon’s stock jumped more than 4 percent in premarket trading Friday. “Amazon continues to perform at a level well-above its mega cap internet peers,” Barclays said in a note. “In a critical time, Amazon’s stellar sales and burgeoning margin
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Investors punished Exxon Mobil on Friday after the oil major’s latest quarterly report added to a growing string of earnings disappointments. The oil major’s profit has now fallen short of Wall Street’s expectation in four of the last five quarters. This latest earnings miss came as Exxon surprised analysts with a heavier-than-anticipated maintenance schedule for
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Twitter shares closed more than 20 percent down on Friday after the company reported a decline in monthly active users and weak guidance. Twitter reported second-quarter earnings before the bell on Friday: Earnings per share: 17 cents vs. 17 cents, according to a Thomson Reuters consensus estimate Revenue: $711 million vs. $696.2 million, according to
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