Today: September 18, 2024
Today: September 18, 2024

Earnings

Business

BNY Mellon beats profit estimates on boost from higher interest rates

Bank of New York Mellon Corp beat Wall Street estimates for third-quarter profit on Tuesday, as rate hikes by the U.S. Federal Reserve bolstered the lender's income from loans.

BNY Mellon beats profit estimates on boost from higher interest rates
Business

Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate

Goldman Sachs' third-quarter profit dropped less than expected as a nascent recovery in dealmaking offset an $864 million writedown related to its

Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate
Business

Lockheed beats estimates on sustained weapons demand amid geopolitical tensions

U.S. defense contractor Lockheed Martin shares sank in pre-market trading despite reporting better-than-expected third-quarter revenue and profit on

Lockheed beats estimates on sustained weapons demand amid geopolitical tensions
Business|Economy

Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnant

Goldman Sachs saw its third quarter earnings fall 33%, with the investment bank seeing muted market conditions that allowed fewer deals and market making opportunities for the firm

Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnant
Business

United Airlines forecasts weaker Q4 profit on higher costs

United Airlines Holdings on Tuesday reported stronger-than-expected earnings in the third quarter, but forecast weaker profit in the current quarter due to higher costs.

United Airlines forecasts weaker Q4 profit on higher costs
Business|Economy|Science

A busy summer pushes United Airlines to a $1.14 billion profit, but fuel cost will hurt 4Q results

The summer travel season was very good for U.S. airlines, but rising fuel prices and the Israel-Hamas war are setting up a turbulent fourth quarter

A busy summer pushes United Airlines to a $1.14 billion profit, but fuel cost will hurt 4Q results
Business

Truckmaker Volvo's Q3 adjusted operating profit up more than expected

Swedish truck maker Volvo reported on Wednesday a bigger than expected rise in quarterly adjusted operating profit and predicted the European and North American heavy trucks

Truckmaker Volvo's Q3 adjusted operating profit up more than expected
Business

Northern Trust posts smaller drop in Q3 profit on robust fee-based income

Asset and wealth manager Northern Trust on Wednesday posted a smaller-than-expected drop in third-quarter profit as a rise in fee-based income cushioned the hit from a drop in its interest

Northern Trust posts smaller drop in Q3 profit on robust fee-based income
Business

Scotiabank says Q4 results will be adjusted for certain 'notable items'

Canada's Bank of Nova Scotia said on Wednesday its fourth-quarter results will be adjusted for certain "notable items", impacting its results by about $590 million after-tax, or about 49

Scotiabank says Q4 results will be adjusted for certain 'notable items'
Business

Kinder Morgan misses third-quarter profit estimates

Pipeline and terminal operator Kinder Morgan on Wednesday posted lower-than-expected profit for the third quarter as higher interest expenses offset strength in its natural gas and

Kinder Morgan misses third-quarter profit estimates
Business|Technology

Tesla's price cuts eat into Cybertruck maker's profits as net income plunges 44% in the 3rd quarter

Tesla has reported that its net income slumped in the third quarter versus a year earlier

Tesla's price cuts eat into Cybertruck maker's profits as net income plunges 44% in the 3rd quarter
Business

PPG Industries beats quarterly profit estimates, raises FY earnings forecast

PPG Industries on Wednesday beat Wall Street estimates for third-quarter profit and raised its full-year earnings outlook, as high sales volumes in the automotive and aerospace sector

PPG Industries beats quarterly profit estimates, raises FY earnings forecast
Business

TSMC Q3 profit falls 24.9%, beats market expectations

Taiwanese chipmaker TSMC posted a 24.9% fall in third-quarter net profit on Thursday as global economic woes hit demand for chips used in applications from cars to cellphones and

TSMC Q3 profit falls 24.9%, beats market expectations
Business

American Airlines beats profit estimates, sees steady holiday bookings

American Airlines on Thursday beat estimates for third-quarter adjusted profit and said bookings for the upcoming holiday season have been steady, sending its shares up

American Airlines beats profit estimates, sees steady holiday bookings
Business

Blackstone's Q3 profit drops 12% on weak asset sales, misses estimates

Blackstone Inc, the world's largest private equity firm, said on Thursday that its third-quarter distributable earnings fell by a steeper-than-expected 12% year-

Blackstone's Q3 profit drops 12% on weak asset sales, misses estimates
Business

Philip Morris tops quarterly profit on higher pricing, steady demand

Philip Morris International on Thursday beat Wall Street expectations for quarterly profit, boosted by a let up in soaring costs of tobacco and labor, and robust demand for its heated

Philip Morris tops quarterly profit on higher pricing, steady demand
Business

Alaska Air cuts profit view as rising labor costs cast shadow

Alaska Air Group cut its full-year profit outlook on Thursday on rising labor expenses, as airlines draw up costly contracts to retain employees.

Alaska Air cuts profit view as rising labor costs cast shadow
Business

Freeport-McMoRan beats quarterly profit estimates

Copper miner Freeport-McMoRan beat Wall Street estimates for quarterly profit on Thursday, helped by higher copper production and higher sales volumes.

Freeport-McMoRan beats quarterly profit estimates
News

Fifth Third expects further interest income weakness after quarterly profit falls

Fifth Third Bancorp said on Thursday it expects interest income (NII) to decline again in the current quarter after posting a 1.3% fall in third-quarter profit.

Fifth Third expects further interest income weakness after quarterly profit falls
Business|Economy

Union Pacific railroad's quarterly profit falls 19% as volumes slow and costs remain high

Union Pacific's third-quarter profit fell 19% as the railroad hauled about 3% fewer shipments and costs remained high, but the average speed of its trains improved 5% as new CEO Jim Vena began to tweak the operations

Union Pacific railroad's quarterly profit falls 19% as volumes slow and costs remain high
Business

Analysis-Wall Street's 'Magnificent Seven' face moment of truth as earnings season arrives

High noon is approaching for the market's biggest stocks, as pressure grows on richly valued technology and growth companies to deliver robust earnings at a

Analysis-Wall Street's 'Magnificent Seven' face moment of truth as earnings season arrives
Business

CSX Corp profit misses Wall Street estimates on weak freight volumes

U.S. railroad operator CSX Corp on Thursday missed Wall Street estimates for third-quarter profit, as a decline in intermodal freight volumes more than offset pricing gains.

CSX Corp profit misses Wall Street estimates on weak freight volumes
Business

Ad group Interpublic misses on sales and profit as tech firms spend less

Advertising group Interpublic missed Wall Street estimates for third quarter revenue and profit on Friday, as spending from its technology and telecom clients stayed muted, sending its

Ad group Interpublic misses on sales and profit as tech firms spend less
Business

Dutch health tech company Philips raises outlook as Q3 profit jumps

Dutch health technology company Philips on Monday raised its full-year outlook as it beat analyst expectations with a more than doubling of third-quarter core profit to 457

Dutch health tech company Philips raises outlook as Q3 profit jumps
Economy

Wall Street ends mixed as Treasury yields ease, focus turns to earnings

U.S. stocks wavered to a mixed close on Monday as benchmark U.S.

Wall Street ends mixed as Treasury yields ease, focus turns to earnings

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