Today: September 20, 2024
Today: September 20, 2024

Earnings

Business

Gap's upbeat quarterly results show improving demand for Old Navy apparel

Gap beat Wall Street expectations for fourth-quarter results on Thursday, buoyed by strong demand on improved product offerings at its Old Navy and namesake brands during the holiday season

Gap's upbeat quarterly results show improving demand for Old Navy apparel
Business

Costco stock set for worst day in near two years on quarterly revenue miss

Costco's shares were down over 7% on Friday and set for its worst day since May 2022 after the membership-only retail chain missed second-quarter revenue expectations and signaled a

Costco stock set for worst day in near two years on quarterly revenue miss
Business

Alaska Air forecasts narrower-than-expected loss

Alaska Air Group, the operator of the 737 MAX 9 jet that experienced a mid-air cabin panel blowout, forecast a narrower-than-expected first-quarter loss on Tuesday due to strong travel

Alaska Air forecasts narrower-than-expected loss
Business

Kohl's posts smaller drop in holiday-quarter sales than expected

Kohl's on Tuesday posted a smaller-than-expected drop in quarterly sales, helped by holiday discounts for its apparel and footwear as well as strong beauty sales at its Sephora stores.

Kohl's posts smaller drop in holiday-quarter sales than expected
Business

Ulta Beauty's annual profit forecast misses estimates as costs climb

Ulta Beauty on Thursday forecast full-year profit below Wall Street estimates after elevated supply chain costs and increased promotions hurt margins, sending its shares down 4.5% in

Ulta Beauty's annual profit forecast misses estimates as costs climb
Business

Smartsheet revenue outlook misses estimates, stock sinks

Smartsheet on Thursday provided a revenue outlook that missed analyst estimates, sending its stock down 10%, even after the cloud software seller's quarterly revenue exceeded estimates.

Smartsheet revenue outlook misses estimates, stock sinks
Business

Foxconn shares rise more than 5% after Q4 profit beats market estimates

Shares of Apple supplier Foxconn rose more than 5% early on Friday after reporting a day earlier a fourth-quarter profit that beat expectations and forecasting a bullish outlook for

Foxconn shares rise more than 5% after Q4 profit beats market estimates
Economy

U.S. Steel posts weak Q1 profit forecast on lower demand in tubular segment

U.S.

U.S. Steel posts weak Q1 profit forecast on lower demand in tubular segment
Business

Jefferies Q1 profit climbs on investment banking, asset management revenue jump

Jefferies Financial's first-quarter profit rose 12% as its investment bankers benefited from improving activity and its asset managers almost quadrupled their revenue.

Jefferies Q1 profit climbs on investment banking, asset management revenue jump
Business|Economy

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

Delta Air Lines is reporting a small profit and says travel demand is strong heading into summer

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares
Business

Futures bounce back from last session's battering amid Middle East jitters

U.S. stock index futures rose on Monday, after Wall Street witnessed a bruising sell-off on the back of disappointing earnings from some big U.S. banks last week and escalating tensions in

Futures bounce back from last session's battering amid Middle East jitters
Business

Goldman Sachs profit jumps 28% on investment banking strength

Goldman Sachs profit rose 28% in the first quarter, buoyed by a recovery in debt underwriting and dealmaking that boosted its investment banking unit, it reported on Monday.

Goldman Sachs profit jumps 28% on investment banking strength
Business

Evercore strategists back dour S&P 500 view, expect weaker earnings outlook

U.S. earnings estimates are likely to weaken as companies issue cautious outlooks, according to Evercore ISI strategists, who stood by their view the S&P 500

Evercore strategists back dour S&P 500 view, expect weaker earnings outlook
Business

Charles Schwab's profit drops on higher interest payouts

Charles Schwab's first-quarter profit fell 15% as higher interest on clients' deposits and its borrowings offset gains from a surge in asset management fees, the brokerage said on Thursday

Charles Schwab's profit drops on higher interest payouts
Business

BNY Mellon quarterly results top Wall St estimates on higher services fees

Bank of New York Mellon beat Wall Street expectations on Tuesday with a 5% increase in profits, as rising asset values boosted investment services fees, more than offsetting lower interest

BNY Mellon quarterly results top Wall St estimates on higher services fees
Business

PNC profit falls 21% amid weaker interest income

PNC Financial Services reported a 21% fall in first-quarter profit on Tuesday, hurt by lower interest income as the lender paid more to hold customer deposits in a high interest rate

PNC profit falls 21% amid weaker interest income
Business

Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected

UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance

Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected
Business

United Airlines jumps after results beat 'dramatically low' expectations

United Airlines shares rose about 5.3% premarket on Wednesday, driven by an upbeat profit forecast for the second quarter and strong first-quarter results despite a $200 million hit over

United Airlines jumps after results beat 'dramatically low' expectations
Business

Abbott beats quarterly profit estimates on strong medical device sales

Abbott Laboratories beat Wall Street estimates for quarterly profit on Wednesday and raised the lower end of its forecast, as robust demand for medical procedures boosted sales of its

Abbott beats quarterly profit estimates on strong medical device sales
Business|Economy

Coatings maker PPG misses Q1 revenue estimates on lower sales volume

PPG Industries missed first-quarter revenue estimates on Thursday due to sluggish demand in its industrial and performance coating businesses.

Coatings maker PPG misses Q1 revenue estimates on lower sales volume
Business|Economy|Health|Technology

Medical device maker Intuitive beats estimates on strong demand for surgical robots

Intuitive Surgical beat Wall Street estimates for first-quarter profit and revenue on Thursday, riding on higher demand for its robots used in minimally invasive procedures.

Medical device maker Intuitive beats estimates on strong demand for surgical robots
Business|Economy|News

P&G lifts annual profit forecast on strong US consumer demand, easing costs

Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe,

P&G lifts annual profit forecast on strong US consumer demand, easing costs
Business|Economy|News|Technology

Profit momentum of Big Six tech companies to 'collapse' over 2024, UBS says

Profit growth momentum of the so-called Big Six technology stocks could "collapse" over the next few quarters, UBS Global Research strategists said on

Profit momentum of Big Six tech companies to 'collapse' over 2024, UBS says
Business|Economy

Ameriprise Financial's quarterly profit rises on higher fees, AUM

Ameriprise Financial reported a rise in its first-quarter adjusted profit on Monday, helped by higher fees and assets under management (AUM).

Ameriprise Financial's quarterly profit rises on higher fees, AUM
Business|Economy|News

PepsiCo's results beat as international demand, higher prices drive growth

PepsiCo beat Wall Street expectations for first-quarter revenue and profit on Tuesday as demand for its sodas and snacks like Cheetos and Doritos in international

PepsiCo's results beat as international demand, higher prices drive growth

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