Latest Earnings estimates News

A Wells Fargo office is shown, Wednesday, Jan. 13, 2021 in New York.  Wells Fargo & Co. says its profit rose 4% to $2.99 billion in the fourth quarter of 2020. The bank, based in San Francisco, said Friday that it had earnings of 64 cents per share, compared with earnings of 60 cents a year earlier. (AP Photo/Mark Lennihan)

Wells Fargo 4Q profit rose 4%, tops Street estimates

Jan. 15, 2021 12:37 PM EST

SILVER SPRING, Md. (AP) — Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak. The bank, based in San Francisco, said Friday that its earnings rose to $3 billion, or 64 cents per share, compared with earnings of $2.87 billion ,...

A Citibank office is open, Wednesday, Jan. 13, 2021 in New York. Citigroup Inc. says earnings for the fourth quarter of 2020 fell 7% to $4.63 billion. The New York-based bank said it had earnings of $2.08 per share, down from $2.15 per share a year earlier.  (AP Photo/Mark Lennihan)

Citigroup 4Q profit down 7%, revenue drops by 10%

Jan. 15, 2021 10:03 AM EST

CHARLOTTE, N.C. (AP) — Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank saw improvement from the darkest days of the pandemic shutdowns. The New York-based bank said it earned a profit of $4.63 billion, down from a profit of $4.97...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Jan. 12, 2021. Asian stocks advanced Tuesday as investors watched for details of U.S. President-elect Joe Biden's promised economic stimulus plan. (AP Photo/Vincent Yu)

Asian stocks gain as markets watch for Biden stimulus plan

Jan. 12, 2021 12:02 AM EST

BEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden's promised economic stimulus plan. Shanghai, Tokyo and Hong Kong were higher. Seoul declined while Sydney swung between gains and losses. Overnight, Wall Street declined following a string of...

FILE - This June 25, 2019, file photo shows a sign outside a Walgreens Pharmacy in Pittsburgh.  On Thursday, Jan. 7, 2021, Walgreens Boots Alliance lost $308 million in its first fiscal quarter due to a big charge tied to its ownership stake in the drug wholesaler AmerisourceBergen. The drugstore chain also saw COVID-19 continue to eat away at its business, particularly in the United Kingdom, but the company’s overall performance topped Wall Street expectations.   (AP Photo/Gene J. Puskar, File)

Walgreens tops fiscal 1Q forecasts as it fights pandemic hit

Jan. 7, 2021 11:13 AM EST

Walgreens Boots Alliance lost $308 million in its first fiscal quarter on a big charge tied to its stake in the drug wholesaler AmerisourceBergen. COVID-19 also continued to eat away at its business, particularly in the United Kingdom. But the drugstore chain’s overall performance topped expectations and...

FILE - In this June 25, 2019, file photo, a FedEx delivery truck is loaded by an employee on the street in downtown Cincinnati. FedEx is off to a fast start during the holiday-shipping season. The company said Thursday, Dec. 17, 2020, that its quarterly profit more than doubled to $1.23 billion. Revenue is up 19%, led by growth in its ground business that handles packages. (AP Photo/John Minchillo, File)

Demand for deliveries pushes FedEx 2Q profit to $1.2 billion

Dec. 17, 2020 7:23 PM EST

FedEx Corp. more than doubled its profit in the latest quarter, as holiday packages were being stuffed into delivery trucks alongside everyday goods that people buy online to avoid visiting stores during the pandemic. The delivery giant said Thursday it earned $1.23 billion in its fiscal second quarter, compared...

FILE - This April 26, 2017 file photo shows the Eli Lilly & Co. corporate headquarters in Indianapolis. Shares of Eli Lilly jumped after the drugmaker laid out a better-than-expected revenue forecast and plans to buy a young company developing a potential Parkinson’s disease treatment. Lilly also projected on Tuesday, Dec. 15, 2020, a 2021 earnings range that brackets average Wall Street expectations. (AP Photo/Darron Cummings)

Lilly lays out 2021 expectations, gene therapy acquisition

Dec. 15, 2020 6:33 PM EST

Shares of Eli Lilly climbed Tuesday after the drugmaker laid out a better-than-expected revenue forecast and plans to buy a young company developing a potential Parkinson’s disease treatment. Lilly also projected a 2021 earnings range that brackets average Wall Street expectations. The Indianapolis-based...

CrowdStrike, Zscaler rise; Splunk, AMC Entertainment fall

Dec. 3, 2020 5:02 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday: Splunk Inc., down $47.88 to $158.03. The software maker reported a surprise third-quarter loss and gave investors a weak revenue forecast. CrowdStrike Holdings Inc., up $19.35 to $161.19. The cloud-based security company beat Wall...

In this photo provided by the New York Stock Exchange, a specialist works at his post on the trading floor, Monday Nov. 30, 2020, in New York.  Companies in the S&P 500 reported that their earnings held up surprising well in the third-quarter despite an economy still struggling to recover from the virus pandemic. (Nicole Pereira/New York Stock Exchange via AP, File)

3Q earnings offer an unexpected light in pandemic darkness

Dec. 3, 2020 12:20 PM EST

Corporate earnings are likely to end this year with a fourth-straight quarterly decline, but a profit rebound may be appearing on the horizon, analysts say. Despite the continuing struggle with the virus pandemic, profits for companies in the S&P 500 held up surprisingly well in the third-quarter. That's a...

FILE- In this June 15, 2017, file photo bagged purchases from a Kroger grocery store sit in a shopping cart in Flowood, Miss. Kroger’s sales surged in the third quarter, continuing to benefit from people stocking up on groceries as they stay home amid the pandemic. The grocery chain boosted its full-year outlook, partly on the expectation that trends in at home food consumption will continue for the rest of its fiscal year. (AP Photo/Rogelio V. Solis, File)

Kroger 3Q sales jump as virus surges and Americans stock up

Dec. 3, 2020 10:45 AM EST

Kroger's sales surged in the third quarter as COVID-19 infections rose rapidly in the fall and Americans restocked pantries in anticipation of spending more time at home. The grocer boosted its full-year outlook believing that families will continue to try to reduce their risks to exposure. Revenue climbed to...

FILE - In this June 15, 2018 file photo, United Healthcare correspondence is seen in North Andover, Mass. The pandemic has shut down large portions of the economy and forced many companies to abandon their forecasts in 2020.  The nation’s largest health insurance provider, UnitedHealth Group Inc., and Medicaid specialist Centene Corp. have reaffirmed their forecasts earlier this month.  (AP Photo/Elise Amendola, File)

UnitedHealth forecast for 2021 is dinged by the coronavirus

Dec. 1, 2020 11:05 AM EST

UnitedHealth has debuted a lower-than-expected 2021 earnings forecast partly due to the unknown extent of COVID-19’s impact on the health care system. The nation’s largest health insurance provider said Tuesday that it expects to take a hit in the new year from treatment and testing costs tied to...