Latest Earnings outlook News

Prescription drugs, lower taxes, power J&J 3Q beat

Oct. 16, 2018 10:54 AM EDT

A jump in prescription drug sales and a sharply reduced tax bill boosted Johnson & Johnson's third-quarter sales and profit, which beat Wall Street expectations. The world's biggest maker of health care products on Tuesday also slightly raised its profit forecast for the year. The New Brunswick, N.J., maker...

Swallowing $16B purchase of Flipkart, Walmart cuts outlook

Oct. 16, 2018 10:24 AM EDT

BENTONVILLE, Ark. (AP) — Walmart trimmed its profit outlook citing this year's $16 billion acquisition of the Indian online retailer Flipkart, its biggest deal ever. The company said on Tuesday that U.S. online sales growth would slow to 35 percent, from last quarter's 40 percent growth. Since buying...

UnitedHealth beats all around in 3Q, raises outlook again

Oct. 16, 2018 6:53 AM EDT

MINNEAPOLIS (AP) — UnitedHealth reported better-than-expected profits and revenue for the third quarter and the company raised its outlook yet again on strong trends in the insurance business. Earnings for the largest U.S. health insurer jumped almost 30 percent to $3.19 billion, or $3.24. Earnings,...

PepsiCo tops 3Q forecasts, but strong dollar hurts outlook

Oct. 2, 2018 11:47 AM EDT

PURCHASE, N.Y. (AP) — PepsiCo reported better-than-expected third-quarter earnings and revenue, but its shares edged lower Tuesday after the company warned of the effects that the strong dollar will have on its performance for the rest of the year. The Purchase, New York, company had a profit of $2.5...

Best Buy quarterly sales jump, but outlook weighs on shares

Aug. 28, 2018 11:14 AM EDT

NEW YORK (AP) — Best Buy Co. saw the biggest quarterly sales growth at established stores in 15 years, helping push revenue and profit beyond Wall Street expectations. Same-store sales, a key measure of a retailer's health, jumped 6 percent as shoppers bought products from home theater components to gaming...