1Q Earnings Wrap: When nothing is better

Business 05/16/19, 11:19

Behold the power of low expectations.Nearly all the companies in the S&P 500 have said how much profit they made in the first three months of the year, and growth looks to be close to nil. That's usually a frightening thing for investors because stock prices tend to follow the ...

Lyft posts strong growth, big losses in first public quarter

Business 05/07/19, 15:17

Ride-hailing company Lyft is reporting strong revenue growth but substantial losses in its first quarterly earnings report since its rocky stock market debut.Lyft posted revenue of $776 million for the first quarter of 2019, nearly double what it made the same time last year.But the San Francisco-based company lost $1.1 ...

Solid jobs report, earnings push stocks broadly higher

Business 05/03/19, 09:26

U.S. stocks moved broadly higher in early trading on Wall Street Friday and are on track to bounce back after a two-day slide.Major indexes, including the S&P 500, are still heading for weekly losses. First quarter company earnings have come in mixed so far, but they have been good enough ...

Stocks edge higher on mixed bag of corporate earnings

Business 05/02/19, 09:41

Stocks edged slightly higher in early trading Thursday on Wall Street while investors assessed a mix of corporate earnings.Solid earnings results from several insurance companies helped lift financial stocks. MetLife and Allstate both posted gains. Technology stocks were also rising, pushed by solid earnings from chipmaker Qualcomm.Energy stocks and consumer ...

Apple’s fiscal 2Q revenue, profit sag amid iPhone slump

Business 04/30/19, 15:49

Weak iPhone demand is still causing Apple's overall sales to shrink, despite the company's effort to emphasize services designed to bring in a steady flow of money from its 1.4 billion devices still in use.Revenue for the January-March quarter fell 5% from the same time in 2017 to $58 billion, ...

Slowing digital-ad growth could force change on Google

Business 04/30/19, 00:02

While Google has dominated the online ad market for almost the entirety of its existence, its first quarter earnings report suggests that competitors may be nipping at its heels.Investors pushed down the stock of Google's parent company, Alphabet, more than 7% in after-hours trading Monday after it reported revenue that ...

Asian shares fall on China stimulus worries, patchy earnings

Business 04/26/19, 03:30

Shares were mostly lower in Asia on Friday after an overnight decline on Wall Street spurred by disappointingly weak earnings reports from 3M and some other industrial companies.Concern that China may temper its economic stimulus pulled the Shanghai benchmark down 1.2% to 3,086.40. Japan's Nikkei 225 index slipped 0.2% to ...

S&P 500 dips; weak industrials blot out shining tech stocks

Business 04/25/19, 09:59

U.S. stock indexes pulled further back from their record highs on Thursday after a cavalcade of industrial companies turned in weak earnings reports, blotting out a set of blowout results from big-name tech companies.3M, the maker of Scotch tape and various products for businesses, reported lower revenue and profit for ...

US stocks move broadly higher as earnings reports flow in

Business 04/23/19, 09:29

Stocks moved broadly higher in early trading Tuesday as companies started to report their latest financial results in force.Big names including Hasbro, Lockheed Martin and Twitter all surprised Wall Street with strong profit and revenue. Analysts are watching corporate reports closely this week as they gauge whether first quarter earnings ...

US stock indexes head mostly lower on mixed company earnings

Business 04/18/19, 09:40

U.S. stock indexes moved mostly lower in early trading Thursday as investors weighed the latest batch of company earnings.Losses in health care, technology and financial stocks outweighed gains in industrial companies and elsewhere in the market.Drugmaker Pfizer fell 2.9%, PayPal dropped 2.8% and Regions Financial slid 3.1%.Industrial sector stocks led ...

Stocks move higher as investors wait for earnings reports

Business 04/11/19, 09:32

U.S. stocks moved slightly higher in early trading Thursday as investors prepare for the latest round of corporate earnings.Financial companies led the gains. Citigroup rose 1.1% and Prudential climbed 1.8 percent. Rising bond yields, which allow banks to charge higher interest on loans, helped lift the sector.Industrial companies also posted ...

Levi’s swings to 1Q profit; revenue up nearly 7%

Business 04/09/19, 15:38

Levi Strauss & Co. swung to a profit and reported a nearly 7% increase in net revenue during the company's fiscal first quarter, an indication the jeans maker's investments online and in its denim products are paying off.Tuesday's earnings report marked Levi's first since its return to the public markets ...

Samsung quarterly profit likely fell sharply as chips drop

Business 04/04/19, 22:22

Samsung Electronics Co. said Friday its operating profit for the last quarter likely fell more than 60% from a year earlier amid falling memory chip prices and slowing demand for display panels.The South Korean technology giant estimated an operating profit of 6.2 trillion won ($5.4 billion) for the January-March quarter, ...

FedEx profit falls, CEO calls the results disappointing

Business 03/19/19, 18:23

Shares of FedEx fell in after-hours trading after the package-delivery giant reported lower profit.Chairman and CEO Fred Smith said Tuesday the results were below expectations but that investments in infrastructure and automation will help in the long run.Memphis, Tennessee-based FedEx said it earned $739 million in its fiscal third quarter, ...

US stocks rise in early trading on mixed company earnings

Business 02/22/19, 10:19

Technology and energy companies led U.S. stocks modestly higher in early trading Friday, erasing some of the market's losses from a day earlier, as investors weighed a mixed batch of corporate earnings reports. Wayfair vaulted higher after reporting quarterly results that topped Wall Street's forecasts. Kraft Heinz plunged after disclosing a ...

Stocks edge higher in early trading, led by airlines, tech

Europe 01/24/19, 10:29

Stocks are edging higher in early trading Thursday as investors react to the latest fourth-quarter earnings reports from corporate America. American Airlines is rallying after it beat analysts' expectations, while spice maker McCormick is sinking. Technology companies are climbing.The European Central Bank confirmed that it plans to leave interest rates ...

Asian shares buoyed by US earnings, upbeat talk on China

World 01/24/19, 01:51

Asian stocks were mostly higher on Thursday as positive U.S. earnings reports reassured investors that the world's largest economy was on track. Comments by a top Chinese official buoyed trading too, but poor Japanese data for the second straight day weighed on the Nikkei 225 index.KEEPING SCORE: The Shanghai Composite ...

Asian shares buoyed by US earnings, upbeat talk on China

Business 01/23/19, 23:31

Asian stocks were mostly higher on Thursday as positive U.S. earnings reports reassured investors that the world's largest economy was on track. Poor Japanese data for the second straight day weighed on the Nikkei 225 index.KEEPING SCORE: The Shanghai Composite index gained 0.5 percent to 2,594.18 and South Korea's Kospi ...

Netflix’s solid 4Q eclipsed by projected slowing US growth

Tech 01/17/19, 17:24

Netflix's video streaming service added in more subscribers than ever during the crucial holiday season, but the company signaled its growth is slowing in the U.S. as it begins to roll out double-digit price increases in its biggest market.The slightly disappointing forecast issued Thursday for the opening three months of ...

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