Latest Earnings estimates News

Pfizer signs are seen out front of the Pfizer Research & Development Laboratories Wednesday, July 22, 2020, in Groton, Conn.  Pfizer on Tuesday, July 28,  reported a 32% plunge in second-quarter profit, as the global coronavirus pandemic limited marketing of and new prescriptions for its medicines. Still, the biggest U.S. drugmaker posted a solid profit and nudged up parts of its 2020 financial forecast. (AP Photo/Stew Milne)

Pfizer tops 3Q earnings views, makes progress on COVID shot

Oct. 27, 2020 7:49 AM EDT

Drugmaker Pfizer saw its third-quarter profit plunge 71%, mainly due to an $8.1 billion gain a year earlier from selling its consumer health care business to a GlaxoSmithKline joint venture, but managed to top Wall Street expectations. Meanwhile, the New York-based company on Tuesday said disruptions from the...

FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J.  Surging sales of cancer medicines and reduced spending helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter. The  drugmaker on Friday, July 31, 2020,  increased its financial forecast for the year, all while it’s investing in development of two experimental vaccines and a possible treatment for COVID-19.  (AP Photo/Seth Wenig, File)

Strong sales of drugs, vaccines, propel Merck in 3Q

Oct. 27, 2020 7:32 AM EDT

KENILWORTH, N.J. (AP) — Merck & Co. is reporting third-quarter earnings of $2.94 billion on some very strong sales. The Kenilworth, New Jersey, company on Tuesday reported a profit of $1.16 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to...

FILE - In this Oct. 14, 2020 file photo, pedestrians pass the New York Stock Exchange.  Stocks are mixed on Wall Street, following gains in European markets, as more U.S. companies report encouraging results for the summer earnings period. (AP Photo/Frank Franklin II)

US stocks shake off a wobbly start and end mostly higher

Oct. 23, 2020 4:59 PM EDT

U.S. stock indexes closed mostly higher Friday, though the S&P 500 posted its first weekly loss in four weeks. The benchmark index eked out a 0.3% gain after another day of wobbly trading. The Dow Jones Industrial Average finished with a small loss. Gains in communication services, health care and other...

Intel, American Express fall; Mattel, Boston Beer rise

Oct. 23, 2020 4:30 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday: Gilead Sciences Inc., up 12 cents to $60.79. Regulators approved the company's antiviral medication remdesivir, the first drug to treat COVID-19. Mattel Inc., up $1.23 to $14.16. The maker of Barbie and other toys reported earnings...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2020. Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. (AP Photo/Ahn Young-joon)

Asian shares, US futures gain after last Trump-Biden debate

Oct. 23, 2020 1:50 AM EDT

Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. Stocks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai. Sydney's benchmark ended flat. In their debate late...

How major US stock indexes fared Thursday

Oct. 22, 2020 5:08 PM EDT

Stocks shook off a wobbly start and ended higher on Wall Street Thursday, as several earnings reports from big U.S. companies came in better than analysts had expected. New data showed U.S. unemployment claims declined last week and sales of previously occupied U.S. homes rose sharply. House Speaker Nancy Pelosi...

FILE - In this Sept. 13, 2019, file photo the logo for Union Pacific appears above a trading post on the floor of the New York Stock Exchange.  On Thursday, Oct. 22, 2020, Union Pacific’s third-quarter profit declined 12%, but the volume of shipments it handled surged as the economy rebounded from the worst of the virus-related shutdowns earlier this year. (AP Photo/Richard Drew, File)

Profit, revenue slump at Union Pacific, but volume improves

Oct. 22, 2020 1:41 PM EDT

OMAHA, Neb. (AP) — Union Pacific's profit and revenue slumped by double digits, though the volume of shipments it handled rebounded from the previous quarter as the economy emerged from the worst of the virus-related shutdowns earlier this year. The railroad earned $1.36 billion, or $2.01 per share in the...

FILE- In this Aug. 8, 2018, file photo bottles of Coca-Cola sit on a shelf in a market in Pittsburgh.  The Coca-Cola Co. said on Thursday, Oct. 22, 2020, it saw gradual improvement in the third quarter, as it turned its focus to emerging leaner from the global pandemic. Atlanta-based Coke said its revenue fell 9% to $8.7 billion.  (AP Photo/Gene J. Puskar, File)

Coca-Cola recovery continues as it grows leaner in pandemic

Oct. 22, 2020 11:19 AM EDT

Coca-Cola measured gradual improvement in the third quarter as it focused on emerging leaner from the global pandemic. Revenue fell 9% to $8.7 billion, topping Wall Street expectations of $8.4 billion, according to analysts polled by FactSet. It was far better than the 28% drop in revenue in the second quarter....

Pedestrians pass the New York Stock Exchange Wednesday, Oct. 14, 2020, in New York. Stocks are mostly lower in Asia after pandemic concerns snapped a four-day winning streak on Wall Street.  US stocks are drifting higher Wednesday, Oct. 21,  as negotiations continue in Washington on more aid for the economy, though prospects remain cloudy that anything can happen soon.(AP Photo/Frank Franklin II)

Asian stocks follow Wall Street lower on lack of US aid plan

Oct. 21, 2020 11:46 PM EDT

BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economic aid plan in the two weeks before the Nov. 3 presidential election. Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul retreated. On Wall...

FILE - This March 18, 2020 photo shows a Tesla charging station for automobiles in Port Huron, Mich.  Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker says Wednesday, Oct. 21,  that it made $874 million, or 27 cents per share, for its fifth-straight profitable quarter.(AP Photo/Paul Sancya, File)

Tesla posts net profit for fifth straight quarter

Oct. 21, 2020 6:52 PM EDT

DETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker said Wednesday that it made $331 million, or 27 cents per share, for its fifth-straight profitable quarter....