Latest Earnings reports News

Stocks turn lower amid earnings reports, Brexit delay

Oct. 23, 2019 7:50 AM EDT

BEIJING (AP) — Global markets mostly dipped Wednesday after more corporate earnings reports weighed and as Brexit seemed due to be delayed again, extending uncertainty. In Europe, Germany's DAX edged down almost 0.1% to 12,752 while France's CAC 40 shed 0.6% to 5,623. London's FTSE 100 rose 0.3% to 7,234...

Slowing global economy hits Caterpillar in 3Q

Oct. 23, 2019 7:28 AM EDT

NEW YORK (AP) — A slowing global economy is taking a toll on Caterpillar, which is cutting its outlook for the year after profits and revenue slid in the third quarter. Dealers slashed inventories by about $400 million, hinting at a pull-back in spending by businesses. Dealers increased inventories by $800...

Asian stocks follow Wall Street lower after mixed earnings

Oct. 23, 2019 12:23 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday after major companies reported mixed earnings and an EU leader said he would recommend the trade bloc allow Britain to delay its departure. Benchmarks in Shanghai, Tokyo and Hong Kong all declined. U.S. shares retreated, led by a tech...

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...

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,...

Biogen soars on Wall Street; McDonald's, Howard Hughes fall

Oct. 22, 2019 4:45 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday. Biogen Inc., up $58.36 to $281.87 The biotechnology company surprised investors with plans to ask regulators to approve a potential treatment for Alzheimer's. Under Armour Inc., up $1.25 to $19.42 The athletic gear's founder,...

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...

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...

TD Ameritrade 4Q profit up 21% before cutting commissions

Oct. 21, 2019 5:09 PM EDT

OMAHA, Neb. (AP) — Online brokerage TD Ameritrade said Monday that its fiscal fourth quarter profit jumped 21% in the last quarter before it slashed its trading commissions to zero. The Omaha, Nebraska-based company said it earned $551 million, or $1 per share. That's up from $454 million, or 80 cents per...

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%....