Latest Earnings reports News

Boeing's troubled jet prompts it to pull 2019 forecast

Apr. 24, 2019 10:23 AM EDT

Boeing estimates that it will spend $1 billion to fix the 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. The estimate was disclosed Wednesday in a presentation for investors as Boeing released...

Markets Right Now: Stocks open slightly lower on Wall Street

Apr. 24, 2019 9:44 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening slightly lower on Wall Street, a day after the S&P 500 surpassed the record high close it set in September. Several companies were making big moves after reporting their quarterly results...

Insurer Anthem tops 1Q expectations, raises 2019 forecast

Apr. 24, 2019 8:55 AM EDT

INDIANAPOLIS (AP) — Anthem beat Wall Street's first quarter expectations and raised its 2019 forecast, helped by a growth spurt in one of the Blue Cross-Blue Shield insurer's more profitable lines of coverage. The nation's second largest insurer said Wednesday that enrollment in its fully-insured coverage...

Caterpillar: 1Q Earnings Snapshot

Apr. 24, 2019 8:09 AM EDT

DEERFIELD, Ill. (AP) — Caterpillar Inc. on Wednesday reported first quarter net income of $1.88 billion. The Deerfield, Illinois-based company said it had net income of $3.25 per share. Earnings, adjusted for non-recurring gains, came to $2.94 per share. The results beat Wall Street expectations. The...

S&P 500, Nasdaq close at record highs as earnings roll in

Apr. 23, 2019 7:54 PM EDT

The S&P 500 hit an all-time high Tuesday, marking the stock market's complete recovery from a nosedive at the end of last year. The benchmark index's previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war between the U.S....

Markets Right Now: S&P 500, Nasdaq close at record highs

Apr. 23, 2019 4:09 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The S&P 500 index is closing at a record high, surpassing the peak it set last September and recouping all the ground it lost in a nosedive late last year. The Nasdaq index also closed at a record high Tuesday....

Twitter profit rises as Trump demands 'fairer' social media

Apr. 23, 2019 12:40 PM EDT

SAN FRANCISCO (AP) — Twitter Inc. on Tuesday trumpeted strong quarterly growth in earnings and users while President Donald Trump tweeted criticism of the social media site for allegedly discriminating against him politically. The company said net income for the first three months of the year rose on...

Harley-Davidson tops estimates, but sales decline

Apr. 23, 2019 12:23 PM EDT

MILWAUKEE (AP) — Harley-Davidson reported a decline in motorcycles sales in the U.S. and abroad as it continues to adapt to an aging clientele while navigating the costs of higher tariffs on its motorcycles shipped overseas. President Donald Trump, who last summer supported calls for a boycott of the...

Coca-Cola surprises investors with better-than-expected 1Q

Apr. 23, 2019 11:55 AM EDT

ATLANTA (AP) — The Coca-Cola Co. surprised investors with a better-than-expected first quarter but cautioned that it's still expecting slower growth for the full year. Atlanta-based Coke reported net income of $1.7 billion, or 39 cents per share, up from 32 cents per share in the January-March period a...

Asian stocks mixed, oil soars on Iran sanctions worries

Apr. 22, 2019 11:35 PM EDT

SINGAPORE (AP) — Asian stocks were mixed on Tuesday while oil prices soared to their highest level since October after the U.S. said it would soon impose sanctions on all buyers of Iranian oil. Japan's Nikkei 225 index lost 0.2% to 22,165.41. The Kospi in South Korea was less than 0.1% higher at 2,217.31...