Latest Earnings reports News

Wall Street slips as weak earnings hit tech, travel stocks

Aug. 09, 2022 14:32 PM EDT

Stocks fell in afternoon trading on Wall Street Tuesday as disappointing earnings reports weighed on technology and travel companies. The S&P 500 fell 0.5% as of 2:16 p.m. Eastern, on pace for its fourth consective drop. The Dow Jones Industrial Average fell 77 points, or 0.2%,...

Japan tech giant SoftBank posts $23 billion quarterly loss

Aug. 08, 2022 04:47 AM EDT

TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762...

Japanese technology giant SoftBank Group reports $23 billion loss in April-June quarter as value of investments sank

Aug. 08, 2022 03:22 AM EDT
TOKYO (AP) — Japanese technology giant SoftBank Group reports $23 billion loss in April-June quarter as value of investments sank.

Productivity, consumer prices, Cardinal Health earns

Aug. 08, 2022 03:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: ECONOMIC BELLWETHER Economists project that U.S. worker productivity fell in the April-June period for the second consecutive quarter. The Labor Department is expected...

Buffett's firm reports $44B loss but its businesses thrive

Aug. 06, 2022 14:33 PM EDT

OMAHA, Neb. (AP) — Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well suggesting the overall economy is weathering the pressure from inflation...

Zillow, Monster Beverage fall; Yelp, Atlassian rise

Aug. 05, 2022 16:14 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Warner Bros. Discovery Inc., down $2.89 to $14.59. The owner of CNN and HBO reported a surprising loss for the second quarter. Atlassian Corp., up $38.18 to $268.59. ...

Alibaba revenue beats expectations despite contraction

Aug. 04, 2022 23:41 PM EDT

HONG KONG (AP) — Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter ended June, even as revenue was nearly flat and its net income plunged 50%. The company has been grappling with increased regulatory scrutiny and fines...

Clorox, Hostess fall; MGM, Cigna rise

Aug. 04, 2022 16:27 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Bookings Holdings Inc., down $19.23 to $1,947.25. The online travel site said that the pace of bookings slowed in July. Clorox Co., down $6.81 to $137.76. ...

Toyota profit down as chips shortage keeps customers waiting

Aug. 04, 2022 02:18 AM EDT

TOKYO (AP) — Toyota’s profit fell nearly 18% in the April-June quarter from the year before, as a semiconductor shortage that has slammed the auto industry dented production at Japan’s top automaker. Toyota Motor Corp. reported Thursday a quarterly profit of 736.8 billion yen...

Asian shares rise on optimism on economic data, earnings

Aug. 03, 2022 23:55 PM EDT

TOKYO (AP) — Asian shares mostly rose Thursday as investors welcomed encouraging economic data and quarterly earnings reports from big companies. Benchmarks rose across the region, including Japan, China, Australia and South Korea. The gains followed a strong rally on Wall Street....