Latest Earnings surprises News

FILE - This Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth has debuted a lower-than-expected 2021 earnings forecast partly because of COVID-19’s still-foggy impact on the health care system. The nation’s largest health insurance provider said Tuesday, Dec. 1, 2020, that it expects to take a hit from treatment and testing costs tied to the ongoing pandemic.  (AP Photo/Jim Mone, File)

UnitedHealth overcomes pandemic hit and tops 4Q expectations

Jan. 20, 2021 10:48 AM EST

UnitedHealth’s fourth-quarter earnings tumbled as costs from COVID-19 hit the health insurance provider, but results still easily beat expectations. Health care use rebounded in the final quarter of 2020 after the global pandemic kept people away from doctor offices and surgery centers when it first...

FILE - In this Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year. (AP Photo/Mark Lennihan, File)

Morgan Stanley profits rise 48%, helped by strong markets

Jan. 20, 2021 10:27 AM EST

CHARLOTTE, N.C. (AP) — Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year. The New York-based firm posted a profit $3.39 billion, or $1.81 a...

FILE - In this Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston.  On Tuesday, Jan. 19, 2021, Bank of America reported fourth-quarter profits fell 18% from a year ago, as lower interest rates weighed down the bank. However the bank was able to release more than $800 million from its credit reserves, in a sign that it sees the U.S. economy improving in the coming months. (AP Photo/Steven Senne, File)

Bank of America 4Q profit falls 18% on lower interest rates

Jan. 19, 2021 10:46 AM EST

CHARLOTTE, N.C. (AP) — Bank of America’s fourth-quarter profits fell 18% from a year ago, as lower interest rates weighed down its results. However the bank was able to release more than $800 million from its credit reserves, a sign that it sees the U.S. economy improving in the coming months. The...

FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Goldman Sachs said its profits more than doubled from a year earlier thanks to a surge in both trading and advising revenue. (AP Photo/Richard Drew, File)

Goldman Sachs' profits more than double, despite pandemic

Jan. 19, 2021 8:58 AM EST

NEW YORK (AP) — Goldman Sachs said its profits more than doubled from a year earlier thanks to a surge in both trading and advising revenue. The New York-based investment bank said it earned a profit of $4.36 billion, or $12.08 per share, up from a profit of $1.72 billion, or $4.69 a share, in the same...

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...

Sarepta, Newmont fall; WD-40, New Relic rise

Jan. 8, 2021 4:16 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday: Roku, up $19.84 to $399.13 The company bought the video library of Quibi, the short-lived streaming service, to bolster its ad-supported channel. Sarepta Therapeutics, down $86.66 to $82.29 The drug developer reported mixed study...

Lennar, Accenture rise; Worthington, R.R. Donnelley fall

Dec. 17, 2020 4:20 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday: Lennar Corp., up $5.66 to $79.95. The homebuilder handily beat Wall Street's fiscal fourth-quarter profit forecasts. Nexstar Media Group, down $1.28 to $103.42 The television broadcaster is buying consumer product reviews company...

Nebraska state tax revenue beats November estimates

Dec. 15, 2020 12:12 PM EST

OMAHA, Neb. (AP) — Nebraska state revenue collected more revenue than expected in November and is also above projections for the current fiscal year, according to a new report released Tuesday. The state Department of Revenue said Nebraska received $482 million last month. That's 21.6% higher than the...

Stitch Fix, Smartsheet rise; Toll Brothers, Coupa fall

Dec. 8, 2020 4:29 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: Raytheon Technologies Corp., up $1.44 to $74.48. The weapons manufacturer's board of directors approved a $5 billion stock buyback program. Smartsheet Inc., up $6.85 to $69.32. The cloud-based work-management platform beat analysts'...