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This Week: Netflix earns, US home sales, Southwest earns
A look at some of the key business events and economic indicators upcoming this week: STREAMING WARS Netflix serves up its fourth-quarter results Tuesday. Financial analysts forecast the video streaming pioneer will report that its earnings and revenue increased in the final quarter of 2019. Investors will be...
Global stocks inspired by US rally, hopes for Chinese growth
Global stocks rose Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China's economic slowdown may have stabilized and Washington and Beijing signed a trade deal. European indexes were broadly higher, while markets in Shanghai, Tokyo and Hong Kong closed with gains, after the U.S.'s...
CSX 4Q profit declines 9% as railroad hauls less freight
OMAHA, Neb. (AP) — CSX said its profit declined 9% in the fourth quarter as the railroad hauled 7% less freight. The Jacksonville, Florida, based railroad said Thursday it earned $771 million, or 99 cents per share, in the quarter. That's down from $843 million, or $1.01 per share, a year ago. The results...
CEOs got a pass in 2019, but they need to grow profits soon
NEW YORK (AP) — CEOs, you get one more mulligan. Over the next few weeks, companies across the country will be telling investors how much profit they made in the last three months of 2019. Analysts along Wall Street are setting expectations very low, again. They're forecasting a fourth-straight quarter of...
Another strong UnitedHealth quarter, 2019 profit at $13.84B
UnitedHealth’s fourth-quarter net income surged 16%, and investors shrugged off a rare revenue miss to make the nation’s largest health insurer one of the biggest gainers in Wednesday trading. Growing Medicare Advantage coverage and fat profits from UnitedHealth’s Optum business, which...
Strong demand, mild fuel prices help Delta earn $1.1 billion
Delta Air Lines boosted its fourth-quarter profit to $1.1 billion by adding more flights over the holiday-packed period and stuffing them even more full of passengers. Lower fuel prices helped too, as Delta reported Tuesday that earnings rose 8% over a year earlier and beat analysts' expectations. And unlike key...
This Week: JPMorgan, Delta Air Lines, UnitedHealth results
A look at some of the key business events and economic indicators upcoming this week: JPMorgan Chase JPMorgan Chase kicks off Wall Street banks' earnings season when it reports its fourth-quarter results Tuesday. The bank's stock has risen about 20% since it reported strong third-quarter earnings in October....
GrubHub says it currently has no plans to sell its business
Grubhub says it has no plans to sell the company, a day after media reports said it was exploring its options as competition in the food delivery business grows increasingly fierce. The Wall Street Journal reported earlier this week that Grubhub Inc. -- the second-largest player in the U.S. market by sales...
Costco, Amicus rise; Kohl's, Acuity fall
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Costco Wholesale Corp., up $4.73 at $299.42. The warehouse store chain reported solid growth in a key sales measure for December. Kohl's Corp., down $3.23 at $46.15. The department-store chain warned that its 2019 profit would...
Bed Bath & Beyond withdraws annual guidance after weak 3Q
UNION, N.J. (AP) — Bed Bath & Beyond Inc. withdrew its annual financial guidance Wednesday after reporting a weak fiscal third-quarter profit and sales that missed Wall Street expectations. The housewares retailer’s shares dropped 8% in extended trading. The latest results reflect the challenges...
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