Earnings

Philip Morris International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company rose 4 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.25, adjusted, vs. $1.16 expected Revenue: $7.5 billion
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Tapestry blamed falling tourist spending and a slowing global economy for a cut in its forecast for full-year adjusted profit on Thursday, as it reported disappointing holiday numbers and a fall in sales at Kate Spade handbags. Shares of the New York-based fashion house fell 12 percent to $34.53 in early trading after it said
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Daniel Acker | Bloomberg | Getty Images An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois. Eli Lilly cut its 2019 profit forecast on Wednesday, hit by a recent trial failure of conditionally approved cancer treatment Lartruvo and costs
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CEO Mary Barra’s tough turnaround plan at General Motors has already started paying off. GM’s fourth-quarter earnings, released Wednesday, beat Wall Street expectations on tighter cost controls and higher truck sales. Here’s how the company did compared with what Wall Street expected: Adjusted earnings: $1.43 per share vs. $1.22 per share estimated Revenue: $38.4 billion
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Patrick T. Fallon | Bloomberg | Getty Images Andrew Wilson, chief executive officer of Electronic Arts Inc. (EA), speaks during the company’s EA Play event ahead of the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Saturday, June 10, 2017. EA fell more than 14 percent after hours after reporting its third-quarter 2019
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Walt Disney reported earnings per share and revenue that topped analyst estimates Tuesday, helped by sales increases in its media networks and theme parks businesses, as the company said its sports streaming service ESPN+ now has 2 million paid subscribers. The earnings report comes as the entertainment giant expands its direct-to-consumer offerings amid growing competition
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Snap was able to maintain its user base at 186 million daily active users, flat from the previous quarter. Analysts were expecting the company’s user base to continue shrinking as it had over the past two quarters. The promising results come at a crucial time for the Los Angeles tech company, which had a rough
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Bloomberg | Bloomberg | Getty Images Sundar Pichai, chief executive officer of Google Inc., attends a news conference in New Delhi, India, on Wednesday, Jan. 4, 2017. Alphabet appears to have spooked investors with its fourth-quarter earnings report Monday. The stock shed 3 percent immediately after the report and opened in negative territory Tuesday. Shares
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Independent research firm Bespoke Investment has uncovered an earnings trend that hasn’t happened since the bull market started. According to its co-founder Paul Hickey, companies are seeing their strongest stock price performances on the days they’re reporting earnings in a decade. “The average return of companies reporting earnings so far this earnings season has been
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BP reported stronger-than-anticipated full-year profits on Tuesday, citing a strong operating performance across all business segments. The British oil giant said its underlying replacement cost profit, used as a proxy for net profit, came in at $12.7 billion in 2018. A company-provided consensus forecast had expected full-year underlying replacement cost profit of $11.88 billion. “This
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Alphabet reported fourth-quarter results Monday that beat expectations across the board. Still, the stock fell 3 percent in extended trading, on continuing pressure on advertising prices and decreasing margins. Here’s how the company did compared with Wall Street estimates: Earnings: $12.77 per share vs. $10.82 according to Refinitiv consensus estimates Revenue: $39.28 billion vs. $38.93
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Alphabet is set to report fourth-quarter earnings Monday. Investors will want to see strong advertising numbers amid threats from Amazon and rising costs to doing business. Google, which makes up the vast majority of Alphabet’s business, is increasingly seeing Amazon encroach into its core advdertising business. Revenue in Amazon’s “Other” category — which the company
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Daniel Acker | Bloomberg | Getty Images Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Clorox shares jumped 6 percent Monday after it reported second-quarter profits that topped Wall Street’s expectations and reaffirmed its 2019 outlook. The consumer goods maker posted adjusted earnings per share of $1.40, beating consensus
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Chevron reported quarterly profits that topped Wall Street’s expectations, as lower expenses offset a drop in earnings in its main business lines from a year ago. Shares of the company were up more than 2 percent at $117.36 on Friday. Chevron’s profit for the final quarter of 2018 jumped nearly 20 percent, to $3.73 billion,
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Oil production increased 4 percent, driven by growth from the Permian Basin, the top U.S. shale field underlying western Texas and southeastern New Mexico. Natural gas production was down as Exxon shifts away from producing the fossil fuel in the U.S. Analysts were closely watching Exxon’s headline oil and natural gas output. The Irving, Texas-based
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Antivirus software maker Symantec shares rose in extended trade on Thursday after beating profit and revenue estimates in the December quarter and raising guidance on strong enterprise and consumer businesses. The company also announced that its Chief Financial Officer Nicholas Noviello will be stepping down to pursue other opportunities, following a slew of key executive
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