Latest Earnings estimates News

For toymaker Hasbro, trade wars are no fun

Oct. 22, 2019 8:53 PM EDT

PAWTUCKET, R.I. (AP) — Shares of Hasbro plunged Tuesday after the company revealed that the trade war is wreaking havoc on its supply chain and creating confusion among customers for its toys. The company said price hikes may be on the way for consumers as it offsets rising costs. Hasbro CEO Brian Goldner...

US stock indexes close lower on mixed company earnings

Oct. 22, 2019 5:36 PM EDT

A choppy day of trading on Wall Street ended Tuesday with stocks closing lower after a sell-off in technology stocks strengthened toward the end of the day. That late-afternoon burst of selling erased modest gains for the market, which was coming off two weeks of gains. The major indexes wavered for much of the...

How major US stock indexes fared Tuesday

Oct. 22, 2019 5:08 PM EDT

Stocks closed lower on Wall Street after a day of wobbling back and forth as investors looked over some mixed company earnings. Technology stocks led the selling. Weak profits and sales pulled shares in McDonald's lower. Travelers sank after its results fell short of Wall Street's forecasts. Biogen soared on news...

Demand for fast, online delivery drives UPS 3Q

Oct. 22, 2019 4:49 PM EDT

DALLAS (AP) — UPS is doing booming business in next-day deliveries in the United States while keeping costs under control, but the weakening global economy is contributing to disappointing revenue growth. The delivery giant said Tuesday that its third-quarter profit rose 16% to $1.75 billion. Revenue,...

Markets Right Now: Stocks end mostly lower on Wall Street

Oct. 22, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mostly lower on Wall Street after a day of wobbling back and forth as investors looked over some mixed news on corporate earnings. Health care and energy companies did well Tuesday, but losses in...

McDonald's 3Q earnings down on tech investment

Oct. 22, 2019 1:51 PM EDT

McDonald's says it's setting itself up for future growth by investing now in advances like voice recognition ordering technology. But for some investors, the short-term financial pain is hard to swallow. McDonald's net income dropped 2% to $1.6 billion in the third quarter as it rapidly remodeled stores and...

Asian stocks climb, lifted by upbeat talk on China-US trade

Oct. 22, 2019 12:54 AM EDT

BANGKOK (AP) — Shares are gaining in Asia after upbeat comments from President Donald Trump and other U.S. officials on the status of trade negotiations with China. The Kospi in South Korea led gains, jumping 1.3% to 2,090.88, thanks to gains in technology companies overnight on Wall Street. Australia's...

Markets Right Now: Stocks rise, led by tech companies, banks

Oct. 21, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing higher Monday, led by gains in technology companies and banks. The technology sector of the S&P 500 rose 1.1%, snapping a three-day losing streak. Apple rose 1.7%. Intel gained 1.5%....

Stocks end lower; S&P 500 notches 2nd straight weekly gain

Oct. 18, 2019 5:19 PM EDT

The S&P 500 index closed out an uneven week of trading on Wall Street with its second straight weekly gain, even though stock indexes ended lower Friday. Technology companies led the slide, which erased the major U.S. indexes' gains from the day before. Communication services, industrials and health care...

Stocks slip as first big week of earnings heads to a finish

Oct. 18, 2019 10:38 AM EDT

NEW YORK (AP) — Stocks are slipping in early trading on Wall Street Friday, weighed down by losses in technology companies. The market is still on track for its second weekly gain after three straight losing weeks. Investors are also absorbing the latest economic data showing that growth in China sank to a...