Latest Earnings reports News

Global shares mixed after solid earnings push Wall St higher

Oct. 16, 2019 5:31 AM EDT

TOKYO (AP) — Global shares were mixed Wednesday after a Wall Street rally driven by healthy earnings reports from U.S. companies. France's CAC 40 was down nearly 0.2% in early trading at 5,691.75. Germany's DAX was unchanged at 12,629.82. Britain's FTSE 100 fell 0.3% to 7,189.08. U.S. shares were set to...

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...

JPMorgan, J&J rise; American Tower, Whiting Petroleum fall

Oct. 15, 2019 4:37 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday. UnitedHealth Group Inc., up $18 to $238.59 The nation's largest health insurance company raised its profit forecast after beating Wall Street's third-quarter financial expectations. Johnson & Johnson, up $2.12 to $132.84 The...

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...

Citigroup: 3Q Earnings Snapshot

Oct. 15, 2019 8:33 AM EDT

NEW YORK (AP) — Citigroup Inc. on Tuesday reported higher third-quarter earnings, driven by a lower effective tax rate and higher revenue, partially offset by higher expenses and cost of credit. The New York-based company said it earned $4.91 billion, or earnings of $2.07 per share. Earnings, adjusted for...