Latest Earnings reports News

Reined-in rate-cut expectations, Iran tensions hit S&P 500

Jul. 19, 2019 4:48 PM EDT

NEW YORK (AP) — U.S. stocks pulled further back from their records on Friday to cap the weakest week for the S&P 500 since May. Indexes sloshed between small gains and losses for much of the day before turning lower in the afternoon after Iran said it seized a British oil tanker, the latest escalation...

American Express 2Q profits rise 9%, beating expectations

Jul. 19, 2019 8:44 AM EDT

NEW YORK (AP) — American Express posted a 9% gain in second-quarter profits on Friday, helped by more of its cardmembers carrying a credit card balance and increased spending on its namesake cards. The New York company said it earned a profit of $1.76 billion, or $2.07 a share. That's up from earnings of...

American Express 2Q profit jumps 8%

Jul. 19, 2019 8:01 AM EDT

NEW YORK (AP) — American Express is reporting a profit hike of more than 8% from the second-quarter. The company on Friday posted net income of $1.76 billion, or $2.07. That's a 2-cent beat on Wall Street projections, according to a survey by Zacks Investment Research. Revenue of $10.84 billion also edged...

Microsoft cloud growth beats expectations

Jul. 18, 2019 6:55 PM EDT

Microsoft on Thursday reported quarterly profit of $13.2 billion, powered in large part by a steadily growing cloud computing business that the company says now accounts for almost a third of its total revenue. CEO Satya Nadella even said in a call with investors that "our commercial cloud business is the largest...

US stock indexes shake off an early loss and close higher

Jul. 18, 2019 4:32 PM EDT

NEW YORK (AP) — U.S. stocks reversed course from an early slump and closed higher Thursday to break a two-day losing streak after technology and bank stocks rallied. Corporate earnings are in full swing and investors have been cautiously assessing results and company statements. The volatile market is...

Netflix, United Rentals fall while Union Pacific, eBay rise

Jul. 18, 2019 4:22 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Netflix Inc., down $37.23 to $325.21 The video streaming service suffered a slowdown in subscriber growth during its second quarter. Novartis AG, up $4.03 to $94.26 The pharmaceutical company reported solid second quarter...

Union Pacific delivers 4% better 2Q profit on lower expenses

Jul. 18, 2019 1:33 PM EDT

OMAHA, Neb. (AP) — Union Pacific Corp. delivered 4% more profit in the second quarter even though it hauled less freight because it cut its expenses by 7%. The Omaha, Nebraska-based railroad said Thursday it earned $1.57 billion, or $2.22 per share, in the quarter. That's up from $1.51 billion, or $1.98...

UnitedHealth hikes profit forecast after big 2Q

Jul. 18, 2019 10:58 AM EDT

UnitedHealth raised profit expectations for the year after second-quarter earnings climbed almost 13%, and the nation's largest health insurer continued expanding beyond its core business and into care delivery. A nearly 12% jump in revenue from the company's pharmacy benefit management operation helped...

CSX and Nu Skin fall while Abbott and Cintas rise

Jul. 17, 2019 4:39 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: CSX Corp., down $8.17 to $71.38 The freight railroad cut its revenue outlook for the year after reporting weak second quarter financial results. Nu Skin Enterprises Inc., down $6.66 to $38.85 The seller of skin care and...

Bank of America earns $7.4B in 2Q, beating estimates

Jul. 17, 2019 7:58 AM EDT

NEW YORK (AP) — Bank of America's second-quarter profits rose by 8% from a year earlier, the company said Wednesday, as the consumer banking giant has benefitted greatly from the rise in interest rates as well as consumers and businesses more willing to borrow. The bank earned $7.35 billion, or 74 cents...