All Posts Tagged With: "Earnings"

GameStop Says Revenue Will Fall Below Its Estimates

The largest retailer of video games in the world, GameStop, has forecast revenue for the first quarter below Wall Street estimates, blaming the lack of releases for major videogames and weaker sales in hardware. Shares of the company were 5.6% lower in Thursday afterhours trading. They had fallen earlier by up to 8.3%. GameStop’s sales […]

Allergan Beats Estimates on Earnings

Allergan released its earnings report for the fourth quarter prior to the Wall Street opening bell on Monday, posting adjusted per share earnings of $3.41. That was in comparison to estimates by Wall Street analysts of EPS of $3.34. Revenue at the pharmaceutical company was $4.2 billion, which ended in line with market expectations. The […]

Credit Suisse Posts Huge Loss on Fourth Quarter Write Downs

More of an emphasis on its wealth management arm failed to help the results of Credit Suisse as the volatile markets and a large charge associated with restructuring led to billions of dollars of losses during the fourth quarter. Credit Suisse shares were down by 12% in trading on Thursday in Zurich, as the bank […]

CSX Says Earnings for Fourth Quarter and Full Year are Solid

CSX Corporation announced its 2015 fourth quarter earnings that reached $466 million, a drop of 5% from its $491 million during the same period in 2014, equal to 48 cents a share compared to 49 cents a share for the prior year or a drop of 2%. Revenue for the fourth quarter of 2015 was […]

Dollar Tree Profit Misses Expectations Even with Boost in Sales

Dollar Tree said its profit for the latest quarter was down as the discount retailer is working to integrate a recently acquired competitor, though that acquisition added a more than two-fold increase in revenue. The company based in Chesapeake Virginia completed its acquisition of $9 billion of Family Dollar last July, which brought its number […]

Rolls Royce Meltdown Stuns Investors.

Warren East the CEO at Rolls-Royce Holdings revealed on Thursday the full extent of the meltdown in earnings facing Britain’s top manufacturing company. He added that he had uncovered some issues with the organization and management that are far more deeper and divided than originally thought. Profit before taxes will take a $990 million hit […]

Kohl’s Beats Earning Expectations For 3Q (NYSE: KSS)

Investors were happy to hear that Kohl’s handily beat sales and earnings forecasts for the third quarter. Kohl’s is saying that the numbers indicate its revamping strategy is seeing success. The company has reaffirmed its full-year guidance of earnings of $4.40 to $4.60 a share. Shares of Kohl’s increased 7 percent on Thursday after the […]

Dean Foods Tops Estimates on Profit

Dean Foods Co, the largest dairy processor in the U.S. posted profit for the third quarter and forecast its earnings for the fourth quarter with both topping estimates made by analysts as it has benefitted from a drop in the cost of raw milk, Earnings that excluded certain one-off items reached 30 cents, the company, […]

Whirlpool Revised Outlook for 2015 Boosts Stock

Shares increased of Whirlpool Corp in trading on Friday after the maker of appliances revised its expectations for per share earnings for 2015 but posted third quarter earnings that were higher than had been expected. The guidance change was better than what was expected said on industry analysts on Wall Street. Whirlpool changed its outlook […]

MasterCard Profit Slips During Second Quarter

MasterCard the payment card network posted on Wednesday earnings for the second quarter that were nearly flat from the levels of the same period one year ago, with its growth in revenue weaker that had been expected. The company, based in Purchase, New York, said it was continuing to be pressured from a strong dollar, […]

Delta Posts Quarterly Profit of $1 Billion

Delta Air Lines has posted an adjusted net income of $1 billion equal to $1.27 a share, for its second quarter. The airline the profit, based on fuel prices that were lower than had been expected and other savings in operations, was 22% higher than for the same three-month period in 2014. The company also […]

Finish Line Shares Rise After Company Beats Estimates

Finish Line shares were higher by over 7.4% in Friday morning trading on Wall Street after the sports apparel and athletic shoe retailer posted earnings that were better than had been expected for its 2016 fiscal first quarter. For its most recently ended quarter, Finish Line announced that non-GAAP earnings reached 30 cents share. Analysts […]

Cracker Barrel Tops Wall Street Expectations

Cracker Barrel Old Country Store announced on Tuesday that earnings for the latest quarter were up 23% on sales as well as traffic growth along with the continuing use of its cost-cutting program. Shares were up 4.6% during trading before the bell on Tuesday and continued to be up in late morning trading. Results beat […]

Whole Foods Stock Falls After Revenue Misses Mark

Whole Foods Market stock was down up to 14% in early trading following the reported revenue by the company and its comparable stores sales that trailed estimates by analysts. Revenue during its fiscal second quarter ended at $3.65 billion, announced the company based in Austin, Texas on Wednesday afternoon. Analysts however had estimated that revenue […]

Caterpillar Forecast for Profit Tops Wall Street

Caterpillar Inc the largest maker of construction and mining equipment has forecast 2015 profit that topped Wall Street’s estimates as sales in North America improved and the company made cost cuts. Earnings will reach $5 per share during 2015, excluding its restructuring costs, the company announced Thursday in a prepared statement. That is above the […]

Harley Davidson Profit Up But Outlook is Lowered

On Tuesday, Harley Davidson Inc posted net profit that was higher than the same quarter last year, but at the same time lowered its forecast for sales for 2015 pointing out aggressive prices discounting by competitors. Shares of the maker of motorcycles fell by over 6% in trading prior to the bell on Tuesday after […]

Tiffany Announces Weak Guidance Due to Strong Dollar

Tiffany & Co announced on Friday that its sales dropped in close to all its markets during its quarter starting in January, with a strong U.S. dollar causing the company to post guidance that was downbeat for its new fiscal year. Shares of the jewelry makers were down 1.5% in light trading before the bell […]

Pfizer Beats Forecasts on Profit and Sales

Pfizer Inc reported quarterly results that were stronger than had been expected helped from increased sales of its drugs for cancer and a demand for its medicines across emerging markets. However, the pharmaceutical giant did not give any indication on acquisition plans after its recent efforts failed to buy AstraZeneca is British rival drug maker. […]

Merck Stock Dips on Revenue that Misses

Merck had mixed news on Monday as the company announced that it had been granted a designation of breakthrough therapy by the FDA for its treatment Keytruda for melanoma. However, despite that designation, which helps to fast track the development of the drug, shares of Merck slipped during early trading Monday after the pharmaceutical company […]

Profit at Ford Slides

Ford has reported declines in both the top and bottom line for its third quarter earnings. The shareholders are not happy, but the company maintains there is reason for a lot of hope. Ford Motor Co reported revenue for the third quarter of $34.8 billion down by 0.9% from the third quarter of last year, […]

American Airlines Profit Boosted by Stable Fuel Prices and More Revenue

Summer vacations this year were good for U.S. based American Airlines. Passengers paid a record amount for each mile and the airline enjoyed filling the most seats ever. That helped American during the third quarter to earn the most of all time at $942 million. Doug Parker the CEO predicted there would be more records […]

Profit at Dow Chemical Beats Wall Street

Dow Chemical Company reported a profit that was better than had been expected as margins increased for the ninth consecutive quarter in its plastics division, which is its biggest, due to low raw material costs. Shares in the No. 1 (sales) chemical maker in the U.S. rose by 3% prior to the closing bell. The […]

IBM Misses Wall Street Number

Shares of IBM were down almost 8% during Monday premarket trading and by almost 12% at 10:30 ET in New York. The plunge in share price came after IBM reported a huge miss in earnings that was exacerbated by sharp losses from its discontinue operations and a report it will be paying over $1.5 billion […]

BNY Mellon Sees Rise in Profits

Bank of New York Mellon Corp said its profit for the third quarter had climbed 11% helped in part from its sale of assets. BNY Mellon net income reached $1.07 billion for the quarter equal to 93 cents per share from last year during the same quarter of $962 million equal 82 cents per share. […]

GE Increases Most in 2014 as Profit Gets Boost

General Electric posted profit that beat estimates of analysts for the third quarter as cost cutting measures helped boost its margins in its industrial business that Jeffrey Immelt the CEO is attempting to grow. General Electric surged more than any other time this year as operating margins in the industrial business, a gauge watched closely […]

Delta Profit for Third Quarter Falls

Delta Air Lines announced on Thursday that its profit for the third quarter dropped by 74% due to one-time costs that included the retiring of older aircraft, although the results eliminating those special items beat Wall Street expectations. Revenue for the airline was up 7%, but higher labor and fuel costs pushed its expenses up […]

Netflix Subscription Increase Dents Growth

Netflix shares plummeted by 25% on Thursday after the video streaming company reported revenue as well as income that was in line with expectations. However, the stock price dropped $110 due to the company adding fewer subscribers that had been forecasted previously. Revenue reported by the company for its third quarter was $1.2 billion, which […]

Goldman Sachs Bond Trading Focus Pays Off

Goldman Sachs Group has reported a jump of 50% in its profit for the quarter as a pickup last month in activity in the bond market boosted its trading revenue, showing that the banks that stick with the volatile business can reap huge rewards. Goldman’s FICC – fixed-income commodities and currency – business, which at […]

Bank of America Reports Loss for Third Quarter

Bank of America Corp has reported a quarterly loss that was smaller than had been expected as an increase in profits via trading helped offset for a charge of $5.6 billion related to the record settlement the bank made with the government over sour mortgages. The loss by BoA underscores how years after the financial […]

JPMorgan Chase Posts Profit for Third Quarter

The largest bank in the United States, JPMorgan Chase & Co reported on Tuesday a profit for the recently ended third quarter helping the bank move beyond the massive legal costs that caused the bank to post a $380 million loss for the same quarter in 2013. For the quarter ending September 30, JPMorgan posted […]

Citigroup Profits Pass Analysts’ Estimates

Citigroup Inc said it was shuttering consumer banking in 11 locations that includes Egypt and Japan, as the U.S. bank with the most international business focuses on businesses that are more profitable. Citigroup, which reported a 13% increase in its adjusted net profit for the third quarter, is returning to a structure of before that […]

Profits Match Analyst Estimates at Wells Fargo

The world’s most valuable bank Wells Fargo & Co. on Tuesday posted a profit that matched analysts’ estimates for the third quarter. Revenue from its mortgage banking fell from the previous quarter. The net income at the bank increased by 2.7% to end the three month period at $5.73 billion, which is equal to $1.02 […]