Latest Earnings surprises News
UnitedHealth overcomes pandemic hit and tops 4Q expectations
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...
Morgan Stanley profits rise 48%, helped by strong markets
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...
Bank of America 4Q profit falls 18% on lower interest rates
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...
Goldman Sachs' profits more than double, despite pandemic
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...
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...
Sarepta, Newmont fall; WD-40, New Relic rise
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
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
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
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'...
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