Latest Earnings reports News

Gilead Sciences, Matson rise; WD-40, Eli Lilly fall

Jul. 10, 2020 4:20 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: WD-40 Co., down $6.44 to $194.06. The lubricant maker reported disappointing second-quarter financial results. Matson Inc., up $9.13 to $36.49. The shipping and logistics company gave investors an encouraging second-quarter...

Walgreens, Bed Bath & Beyond fall; Costco, SAP rise

Jul. 9, 2020 6:39 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: PTC Inc., up $6.50 to $85 The software company gave investors a solid revenue forecast for its fiscal third quarter. Helen of Troy Ltd., up $9.87 to $204.97 The maker of Hydro Flask thermoses handily beat Wall Street's fiscal...

FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Earnings reporting season is about to get underway for big companies, and the forecasts are grim. Wall Street expects S&P 500 companies to report profits plunged by the most since the depths of the Great Recession during the second quarter. Earnings reports tend to matter deeply to investors because stock prices track the path of earnings over the long term.   (AP Photo/Mark Lennihan, File)

2Q earnings to show how virus menaced Corporate America

Jul. 9, 2020 10:29 AM EDT

NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it’s tough to be disappointed in something when expectations were low to begin with. That’s how Wall Street is approaching the upcoming earnings season for companies. CEOs across...

Visitors try out Samsung Electronics' Galaxy Z Flip smartphones at its shop in Seoul, South Korea, Tuesday, July 7, 2020. Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home. (AP Photo/Ahn Young-joon)

Samsung projects 23% jump in 2Q profit on strong chip sales

Jul. 7, 2020 12:46 AM EDT

SEOUL, South Korea (AP) — Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home. The South...

Portuguese government raises its stake in national airline

Jul. 2, 2020 5:42 PM EDT

LISBON, Portugal (AP) — The Portuguese government announced Thursday it is increasing its stake in TAP Air Portugal from 50% to 72.5% after prolonged negotiations with the airline’s minority private shareholders on how to save the money-losing company. “The state will now play a key role in...

FILE - In this Nov. 29, 2019, file photo a shopper leaves Macy's department store with bags in both hands during Black Friday shopping in New York. Macy’s is refashioning what the Black Friday sales bonanza will look like in a pandemic. The company's CEO Jeff Gennette told analysts Wednesday, July 1, 2020, said that the department store chain will be pivoting its Black Friday business more toward online and will likely be going “full force” with marketing right after Halloween.  (AP Photo/Bebeto Matthews, File)

Macy's rethinks Black Friday bonanza in era of pandemic

Jul. 1, 2020 11:37 AM EDT

NEW YORK (AP) — Macy's is refashioning what the Black Friday sales bonanza events will look like in a pandemic. Macy's CEO Jeff Gennette told analysts Wednesday said that the department store will be pivoting its Black Friday business more toward online and will likely be going “full force" with...

FILE - This April 1, 2020 file photo shows a FedEx logo at a facility in Romulus, Mich. FedEx Corp. flipped to a $334 million loss in its fiscal fourth quarter, but its revenue and adjusted profit beat Wall Street expectations as the virus pandemic continues to fuel a boom in online shopping. (AP Photo/Paul Sancya)

FedEx reports a loss, but revenue tops Street expectations

Jun. 30, 2020 8:01 PM EDT

FedEx Corp. flipped to a $334 million loss in its fiscal fourth quarter, but its revenue and adjusted profit beat Wall Street expectations as the virus pandemic continues to fuel a boom in online shopping. FedEx's stock rose more than 9% in after-market trading following the results report. With many U.S....

Musk tells Tesla employees breaking even in 2Q will be tight

Jun. 29, 2020 6:39 PM EDT

PALO ALTO, Calif. (AP) — With one day left before the second quarter closes, Tesla CEO Elon Musk is telling employees that prospects for the company breaking even for the three-month period are tight, and he's asking them to go all-out to make it happen. Tesla is trying to avoid a quarterly loss despite...

Nike, JPMorgan fall; Gap, CoreLogic rise

Jun. 26, 2020 4:24 PM EDT

Stocks that moved heavily or traded substantially on Friday: Nike Inc., down $7.73 to $93.67. The sneaker and apparel company reported a fiscal fourth-quarter loss as the pandemic shut down stores. Amazon.com Inc., down $61.71 to $2,692.87. The online retailer is buying self-driving technology company Zoox....

KB Home, Walt Disney fall; Rite Aid, Accenture rise

Jun. 25, 2020 4:14 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: Rite Aid Corp., up $3.42 to $16.29. The drugstore chain reported a surge in first-quarter revenue and beat Wall Street's financial forecasts. Accenture Plc., up $15.48 to $217.32. The consulting company's third-quarter revenue...