Latest Earnings reports News

FILE - In this Oct. 14, 2020 file photo, pedestrians pass the New York Stock Exchange in New York. Stocks are opening higher on Wall Street Tuesday, Oct. 20 as traders look over several solid earnings reports from U.S. companies. (AP Photo/Frank Franklin II, File)

Stocks close higher as companies report solid earnings

Oct. 20, 2020 4:49 PM EDT

Stocks closed broadly higher Tuesday as Wall Street welcomed a batch of solid earnings reports from U.S. companies. The S&P 500 gained 0.5%, recouping some of its loss from a day earlier. Technology, communication and financial stocks powered most of the gains, while household goods makers fell. Overseas...

Logitech, Albertsons rise; IBM, Hexcel fall

Oct. 20, 2020 4:23 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: Logitech International, up $12.61 to $92.64 The maker of computer accessories handily beat Wall Street's fiscal second-quarter profit and revenue forecasts. International Business Machines, down $8.15 to $117.37 The technology and...

People stand near a bank's electronic board showing the Hong Kong share index Tuesday, Oct. 20, 2020. Asian shares fell moderately Tuesday, echoing Wall Street's decline as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election.   (AP Photo/Vincent Yu)

Asian shares track Wall Street fall as virus aid hopes fade

Oct. 19, 2020 11:55 PM EDT

TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid for the U.S. economy before the U.S. presidential election. Investors have been focusing on U.S. economic stimulus amid global uncertainty about the...

This Week: Housing starts, Tesla earns, Coca-Cola earns

Oct. 19, 2020 2:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: EYE ON HOUSING Economists expect that builders broker ground on new houses and apartments at a faster pace in September. They predict the Commerce Department will report Tuesday that newly started residential construction...

FILE - In this Wednesday, Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York. Stocks are opening higher on Wall Street, putting the market on track to end a choppy week of trading slightly higher. If the gains hold, the S&P 500 would mark its third straight weekly gain. In the first few minutes of trading Friday, Oct. 16 the benchmark index was up 0.4%. (AP Photo/Frank Franklin II)

A late slide erases gains for US indexes, leaving them mixed

Oct. 16, 2020 4:57 PM EDT

Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to a mixed finish. The S&P 500 ended the day just a fraction of a point higher after a burst of selling erased a 0.9% gain. Despite a three-day stretch of losses, the benchmark...

Earnings calendar for the week of 10/19/2020

Oct. 16, 2020 6:00 AM EDT

Major companies tentatively scheduled to post quarterly earnings next week: TUESDAY Netflix Inc. reports quarterly financial results after the market close. WEDNESDAY CSX Corp. reports quarterly financial results after the market close. Tesla Inc. reports quarterly financial results after the market close....

Alcoa, United Airlines fall; Cars.com, Sleep Number rise

Oct. 15, 2020 4:37 PM EDT

Stocks that moved heavily or traded substantially Thursday: Fastly Inc., down $33.48 to $89.70. The cloud computing company trimmed its third-quarter revenue forecast. United Airlines Holdings Inc., down $1.36 to $34.25. The airline reported a big third-quarter loss as revenue plunged amid slumping demand. Alcoa...

FILE - In this Tuesday, Jan. 28, 2020, file photo, specialist Gregg Maloney watches the screens at his post on the floor of the New York Stock Exchange. Companies are lining up for earnings reporting season, and analysts expect them to describe a smaller drop for the summer than they reported for the spring, when widespread business shutdowns amid the coronavirus pandemic paralyzed the economy. (AP Photo/Richard Drew, File)

Profits keep sinking, but CEOs to show if worst has passed

Oct. 15, 2020 10:10 AM EDT

NEW YORK (AP) — Investors believe the pandemic's worst effects on corporate profits have passed. Now it's up to CEOs to deliver the confirmation. Companies are lining up for earnings reporting season, and analysts expect them to describe a less painful drop for the summer than they reported in the spring,...

FILE - In this Friday, Oct. 2, 2020 file photo, pedestrians pass the New York Stock Exchange,  in New York.  Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14,  as investors pore over another batch of earnings reports from big U.S. companies. The S&P 500 added 0.3% in early trading Wednesday. A loss in the index a day earlier broke a four-day winning streak.  (AP Photo/John Minchillo, File)

Asian stocks follow Wall St lower as stimulus hopes fade

Oct. 15, 2020 12:07 AM EDT

Asian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov. 3 presidential election faded. Benchmarks in Shanghai, Tokyo and Hong Kong declined. Sydney advanced. In Seoul, the company that manages boy band BTS made its market debut amid criticism...

Empty ticketing counters are seen in Terminal 1 at O'Hare International Airport in Chicago, Wednesday, Oct. 14, 2020. United Airlines, which furloughed 13,000 employees this month, is expected to report a large third-quarter loss as the coronavirus pandemic continues to batter air travel. (AP Photo/Nam Y. Huh)

United loses $1.8 billion, aims to shift focus to recovery

Oct. 14, 2020 6:24 PM EDT

United Airlines financial hole grew deeper over the summer as a modest recovery in air travel slowed down, pushing the carrier to a loss of $1.84 billion in the typically strong third quarter. The airline said Wednesday that revenue plummeted 78% from a year earlier. The loss was worse than analysts had expected....