Latest Earnings estimates News
Stocks extend losses as railroads sink industrial companies
NEW YORK (AP) — U.S. stocks extended their losses into a second day on Wednesday as railroad operator CSX had its biggest drop in 11 years, pulling other industrial companies down with it. Banks also fell as investors worried that lower interest rates will hurt their profits going forward. Investors expect...
Global stocks mostly fall as Wall Street ends winning streak
TOKYO (AP) — Global shares drifted lower Wednesday as investors await another batch of corporate earnings following Tuesday's mostly disappointing results, which put an end to Wall Street's five-day winning streak. The latest round of U.S. corporate financial reports ramps up this week and investors have...
Asian stocks mixed as Wall Street ends 5-day winning streak
TOKYO (AP) — Asian stocks were mixed Wednesday after Wall Street ended a five-day winning streak following disappointing corporate earnings reports. Japan's benchmark Nikkei 225 dipped 0.3% to 21,475.38 in morning trading. Australia's S&P/ASX 200 added 0.4% to 6,667.60. South Korea's Kospi dipped 1.0%...
Asian stocks mixed as Wall Street ends 5-day winning streak
TOKYO (AP) — Asian stocks were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports. Japan's benchmark Nikkei 225 dipped 0.4% to 21,445.03 in morning trading. Australia's S&P/ASX 200 added 0.4% to 6,667.60. South Korea's Kospi dipped...
Despite grounding of Boeing plane, United 2Q profit rises
United Airlines glided through the first part of summer, as strong travel demand pushed average fares higher, but the grounding of Boeing 737 Max jets will become a bigger challenge in the months ahead. United said Tuesday that its second-quarter profit soared 54%, to $1.05 billion. The results beat expectations,...
Wells Fargo 2Q results beat Street estimates
WASHINGTON (AP) — Wells Fargo reported better-than-expected earnings despite lower interest income in the second quarter, a potential concern for investors with a Fed interest rate cut likely on the horizon. Shares in the consumer banking giant slid 3%. Wells Fargo & Co., still under growth...
CSX 2Q profit down 1% on weaker volume
JACKSONVILLE, Fla. (AP) — CSX second-quarter profit slipped 1%, falling short of what Wall Street expected as the railroad hauled 4% less freight. The Jacksonville, Florida-based company said it earned $870 million, or $1.08 per share, in the quarter. That's down from $877 million, or $1.01 per share, a...
Markets Right Now: Stocks break a 5-day winning streak
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending broadly lower on Wall Street, breaking a five-day winning streak for the S&P 500 index. Technology companies posted some of the biggest losses Tuesday. Microsoft lost 1.3%. Some banks rose after...
Domino's 2Q sales fall short as rival delivery services bite
ANN ARBOR, Mich. (AP) — Domino's Pizza said aggressive discounting by third-party delivery services like DoorDash is hurting its U.S. sales — and shows no sign of letting up. U.S. sales at stores open at least a year rose 3% in the second quarter. That was below analysts' forecast of 4.5%, according...
Johnson & Johnson 2Q profit jumps 42% despite lower sales
Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and lower spending on marketing and administration boosted its profit a whopping 42 percent. That blew past Wall Street expectations. The maker of baby shampoo and cancer and immune...
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