Latest Earnings reports News

Netflix's solid 4Q eclipsed by projected slowing US growth

Jan. 17, 2019 7:11 PM EST

SAN FRANCISCO (AP) — Netflix's video streaming service added more subscribers than ever during the crucial holiday season, but the company signaled its growth is slowing in the U.S. as it begins to roll out double-digit price increases in its biggest market. The slightly disappointing forecast issued...

American Express posts 4Q profit that tops forecasts

Jan. 17, 2019 6:06 PM EST

NEW YORK (AP) — American Express swung to a fourth-quarter profit, the credit card company said Thursday, helped by a lower tax rate and more spending on the company's namesake credit cards. The New York-based company earned $2.01 billion, or $2.32 a share, compared with a loss of $1.21 billion, or $1.42 a...

Markets Right Now: Stocks rise on hopes for tariff cuts

Jan. 17, 2019 4:15 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. U.S. stocks are closing with solid gains after the Wall Street Journal reported that some U.S. officials want to reduce the Trump administration's new tariffs on Chinese imports. Technology and industrial companies...

Morgan Stanley's 4Q results miss forecasts, hurt by trading

Jan. 17, 2019 8:08 AM EST

NEW YORK (AP) — Investment bank Morgan Stanley on Thursday reported fourth-quarter results that came up short of analysts' expectations, hurt by difficulties in trading that impacted other Wall Street firms. The New York-based firm said it earned $1.53 billion, or 80 cents a share, up from a profit of $643...

Morgan Stanley 4Q profit, revenue hit by volatile markets

Jan. 17, 2019 8:00 AM EST

NEW YORK (AP) — Morgan Stanley says fourth-quarter profit totaled $1.53 billion, more than double from the year-ago quarter. The New York-based company said Thursday that it had earnings of 80 cents per share, up from 26 cents a year ago. The prior-year period included a large charge related to the GOP tax...

Asian shares track Wall Street gains on robust US earnings

Jan. 16, 2019 11:39 PM EST

SINGAPORE (AP) — Asian shares were mostly higher Thursday after strong earnings reports lifted indexes on Wall Street. But a report that the U.S. was investigating China's Huawei for allegedly stealing trade secrets from American companies limited gains. KEEPING SCORE: Hong Kong's Hang Seng gained 0.4...

CSX delivers quarterly profit in line with Wall Street views

Jan. 16, 2019 5:38 PM EST

OMAHA, Neb. (AP) — CSX Corp. delivered a fourth-quarter profit of $843 million, which was lower than last year when tax reforms were approved but in line with Wall Street expectations. The Jacksonville, Florida-based railroad said Wednesday it earned $1.01 per share net income in the quarter that ended...

United's earnings, business-travel bookings boost shares

Jan. 16, 2019 1:56 PM EST

United Airlines executives say business travelers are booking flights at a faster clip than a year ago. The airline said Wednesday that business-travel bookings in the first week of January rose 11 percent from a year ago. On top of its quarterly earnings that beat expectations, the comments helped boost United's...

Goldman's 4Q profits beat estimates, despite trading worries

Jan. 16, 2019 9:14 AM EST

NEW YORK (AP) — Investment bank Goldman Sachs swung to a fourth-quarter profit, as the bank's advisory business helped offset a difficult quarter in trading, given the turbulent markets in late 2018. The Wall Street firm said Wednesday that it earned $2.32 billion, or $6.04 a share, compared to a $2.14...

Bank of America 4Q profits jump on higher interest rates

Jan. 16, 2019 7:40 AM EST

NEW YORK (AP) — Bank of America's fourth-quarter profits rose by 39 percent on an adjusted basis, the bank said Wednesday, helped by last year's steady rise in interest rates as well as a lower tax rate. The Charlotte-based banking giant said it earned $7.28 billion, or 70 cents a share. That's compared to...