Latest Earnings estimates News

Stocks end lower; S&P 500 notches 2nd straight weekly gain

Oct. 18, 2019 5:19 PM EDT

The S&P 500 index closed out an uneven week of trading on Wall Street with its second straight weekly gain, even though stock indexes ended lower Friday. Technology companies led the slide, which erased the major U.S. indexes' gains from the day before. Communication services, industrials and health care...

Stocks slip as first big week of earnings heads to a finish

Oct. 18, 2019 10:38 AM EDT

NEW YORK (AP) — Stocks are slipping in early trading on Wall Street Friday, weighed down by losses in technology companies. The market is still on track for its second weekly gain after three straight losing weeks. Investors are also absorbing the latest economic data showing that growth in China sank to a...

American Express 3Q profits rise 8%

Oct. 18, 2019 8:28 AM EDT

NEW YORK (AP) — American Express's third-quarter profits rose by 8%, the credit card company said Friday, as its members spent more on its eponymous cards and more carried a balance. The New York-based company earned a profit of $1.76 billion, or $2.08 per share, up from $1.65 billion, or $1.88 per share,...

No-sugar drinks and innovations power Coke in 3Q

Oct. 18, 2019 7:36 AM EDT

ATLANTA (AP) — Coca-Cola reported strong third quarter sales as it makes strides with new drinks like Coca-Cola Plus Coffee and no-sugar drinks. Revenue jumped 8% to $9.51 billion, edging out Wall Street expectations for $9.48 billion, according to a survey by Zacks Investment Research. The Atlanta company...

Asian shares fall back after China reports economy weakened

Oct. 18, 2019 12:00 AM EDT

BANGKOK (AP) — Share prices retreated in Asia after China reported Friday that its economy grew at an annual rate of 6.0% in the latest quarter. The Shanghai Composite index gave up early gains, losing 0.6% to 2,960.55 while Hong Kong's Hang Seng shed 0.2% to 26,800.24. Australia's S&P ASX 200 declined...

Markets Right Now: Earnings, Britain-Europe deal lift stocks

Oct. 17, 2019 4:10 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing broadly higher on Wall Street as some solid corporate earnings and a breakthrough in negotiations over Britain's exit from the European Union put investors in a buying mood. Companies including...

Slowing economy, trade wars, drag on US rail companies

Oct. 17, 2019 1:25 PM EDT

OMAHA, Neb. (AP) — The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year. Two railroads, Union Pacific and CSX, have reported declining profit and revenue this week as they hauled less grain, imported goods and other products. Union Pacific's...

Asian shares mixed on caution over China-US trade deal

Oct. 17, 2019 1:01 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. Hong Kong led regional gains after its chief executive, Carrie Lam, announced help for the property sector. The semi-autonomous city's...

CSX 3Q profit slips 4% as railroad hauls less freight

Oct. 16, 2019 6:59 PM EDT

CSX's profit declined 4% in the third quarter, but tight cost controls helped the railroad weather a 5% decline in volume. The Jacksonville, Florida, based railroad said it earned $856 million, or $1.08 per share, during the quarter. That was down from last year's $894 million, or $1.05 per share. The results...

Markets Right Now: Stocks close mostly lower on Wall Street

Oct. 16, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mostly lower on Wall Street as losses for technology and energy companies offset gains in other sectors. Salesforce.com slumped 3.8% Wednesday and Exxon Mobil gave up 1.7%. Homebuilders benefited...