Latest Earnings estimates News
Wells Fargo 4Q profit rose 4%, tops Street estimates
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 ,...
Citigroup 4Q profit down 7%, revenue drops by 10%
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...
Asian stocks gain as markets watch for Biden stimulus plan
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...
Walgreens tops fiscal 1Q forecasts as it fights pandemic hit
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...
Demand for deliveries pushes FedEx 2Q profit to $1.2 billion
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...
Lilly lays out 2021 expectations, gene therapy acquisition
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
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...
3Q earnings offer an unexpected light in pandemic darkness
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...
Kroger 3Q sales jump as virus surges and Americans stock up
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...
UnitedHealth forecast for 2021 is dinged by the coronavirus
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...
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