Latest Earnings estimates News

Markets Right Now: Stocks close mostly lower on Wall Street

Oct. 16, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mostly lower on Wall Street as losses for technology and energy companies offset gains in other sectors. Salesforce.com slumped 3.8% Wednesday and Exxon Mobil gave up 1.7%. Homebuilders benefited...

US stock indexes veer mostly lower as traders weigh earnings

Oct. 16, 2019 2:54 PM EDT

Technology companies led the major U.S. stock indexes mostly lower Wednesday afternoon, placing the market on track to give back some of its gains from the day before. The modest losses came as investors weighed mixed data on the economy and continued to pore over corporate earnings reports. The Commerce...

Bank of America 3Q profits fall 19% due to charge

Oct. 16, 2019 7:59 AM EDT

NEW YORK (AP) — Bank of America's third quarter profits fell 19% from a year ago as the bank wrote down the value of its long-time joint venture payment processor First Data. Excluding that non-cash charge the bank topped expectations, though it's being pressured by falling interest rates. The bank, based...

Asian shares rise after Wall Street gain on solid earnings

Oct. 15, 2019 10:43 PM EDT

TOKYO (AP) — Asian shares were higher Wednesday after a gain on Wall Street boosted by healthy earnings reports from U.S. companies. Japan's benchmark Nikkei 225 rose 1.6% in morning trading to 22,554.05, while Australia's S&P/ASX 200 gained 1.0% to 6,720.10, while South Korea's Kospi added 0.6% to...

United Airlines posts $1 billion profit on summer travel

Oct. 15, 2019 5:25 PM EDT

DALLAS (AP) — Cheaper jet fuel and slightly higher fares helped United Airlines boost third-quarter profit 23% to $1 billion. The results released Tuesday were better than Wall Street expected, and United raised its forecast of full-year profit. United indicated that demand for leisure and business travel...

Markets Right Now: Solid earnings send stocks higher

Oct. 15, 2019 4:05 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks notched solid gains on Wall Street as investors welcomed surprisingly good quarterly results from some of the nation's biggest companies. Strong earnings from UnitedHealth Group, JPMorgan Chase and other...

JPMorgan Chase 3Q profits up 8% but loan growth slows

Oct. 15, 2019 2:29 PM EDT

NEW YORK (AP) — JPMorgan's third-quarter profit grew 8% thanks to higher interest rates and strong performance at its investment banking business. Recent upticks in yields in the U.S. bond market have allowed banks to charge higher interest rates on their loans, particularly at JPMorgan with its large...

UnitedHealth hikes annual forecast, offers glimpse into 2020

Oct. 15, 2019 12:50 PM EDT

UnitedHealth Group raised its 2019 forecast and detailed another better-than-expected quarter Tuesday, but shares soared after company leaders mentioned next year's growth prospects. CEO David Wichmann told analysts it would be "reasonable and prudent" for them to set initial expectations for core operating...

Higher 3Q profit, improved outlook for Johnson & Johnson

Oct. 15, 2019 10:56 AM EDT

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson's third-quarter profit jumped 23%, beating Wall Street forecasts, thanks to higher sales of its key medicines for cancer and immune disorders and an acquisition-related charge a year earlier. The world's biggest maker of health care products also raised its...

Wells Fargo 3Q profit falls 23%, revenue rises slightly

Oct. 15, 2019 9:24 AM EDT

WASHINGTON (AP) — Wells Fargo's net income in the third quarter fell 23% to $4.61 billion, as the banking giant struggles to get past scandals over sales practices in its retail division. The bank, based in San Francisco, said Tuesday that its earnings fell to 92 cents per share from $1.13 per share a year...