Latest Earnings outlook News

Pepsi beats 1Q forecasts but says outlook is grimmer

Apr. 28, 2020 3:38 PM EDT

PepsiCo — which makes Frito Lay chips and Quaker cereals — is getting a boost as more U.S. consumers eat breakfast and snack at home. The Purchase, New York-based company said Tuesday its organic sales — which don't include acquisitions — grew 7.9% in the first quarter. Shoppers in the...

FILE - In this Monday, June 24, 2019, file photo, a CSX freight train rolls past downtown Pittsburgh. CSX Corp. said Wednesday, April 22, 2020, its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. (AP Photo/Gene J. Puskar, File)

CSX 1Q profit drops 8%, railroad withdraws outlook for year

Apr. 22, 2020 6:53 PM EDT

OMAHA, Neb. (AP) — CSX Corp. said Wednesday that its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. The Jacksonville, Florida- based company said it earned $770 million, or $1 per share,...

FILE - This Oct. 21, 2019, photo shows Johnson's Baby Aloe & Vitamin E Powder in Salt Lake City. Johnson & Johnson reports financial results Tuesday, April 14, 2020. (AP Photo/Rick Bowmer, File)

J&J slashes outlook, races to develop coronavirus vaccine

Apr. 14, 2020 11:53 AM EDT

Johnson & Johnson, anticipating significant impact from the COVID-19 pandemic, slashed its 2020 sales forecast by billions of dollars and cut its profit expectations by about 15%. It's one of the first major U.S. corporations to report first-quarter earnings and likely a harbinger of things to come as the...

Historic oil price plunge trashes sector's profit outlook

Apr. 9, 2020 12:15 PM EDT

LOS ANGELES (AP) — Amid a historic Wall Street crash it's been the energy sector that's suffering the worst selling, thanks to a double whammy of the coronavirus crisis and a price war among big crude producers. The sector has lost 44% so far this year, as the price of crude recorded its worst drop in...