Latest Earnings surprises News

Viatris, First Solar rise; Tyson Foods, Nvidia fall

Aug. 08, 2022 16:23 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Viatris Inc., up 36 cents to $10.09. The generic drugmaker beat Wall Street's second-quarter earnings and revenue forecasts. Tyson Foods Inc., down $7.35 to $80.10. ...

Alibaba revenue beats expectations despite contraction

Aug. 04, 2022 23:41 PM EDT

HONG KONG (AP) — Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter ended June, even as revenue was nearly flat and its net income plunged 50%. The company has been grappling with increased regulatory scrutiny and fines...

Caterpillar post strong Q2 profit as it raises prices

Aug. 02, 2022 08:15 AM EDT

DEERFIELD, Ill. (AP) — Caterpillar had a strong second quarter and topped most profit expectations with higher prices for machinery offsetting rising costs. The manufacturer on Tuesday posted a quarterly profit of $1.67 billion, or $3.13. Per share earnings were $3.18 without...

Merck beats expectations, helped by Keytruda sales

Jul. 28, 2022 07:13 AM EDT

Merck's second-quarter sales and profit easily beat Wall Street expectations Thursday, boosted by sales growth of some of its key drugs. Merck & Co. posted profit of $3.94 billion, or $1.87 per adjusted share, easily beating the $1.70 that analysts surveyed by data firm FactSet...

Ford 2Q profit up 19%, sees stronger year despite inflation

Jul. 27, 2022 18:49 PM EDT

DETROIT (AP) — Ford Motor Co.'s net income rose 19% in the second quarter as the company pulled together enough computer chips to boost factory output and sales. The Dearborn, Michigan, automaker said Wednesday it made $667 million from April through June, compared with $561...

Norfolk Southern reports flat Q2 profit as its delays linger

Jul. 27, 2022 09:34 AM EDT

OMAHA, Neb. (AP) — Norfolk Southern continued to struggle with the delivery delays that have plagued freight railroads this year and reported flat second-quarter profit as the number of shipments it delivered slipped 3%. The Atlanta-based railroad still beat Wall Street...

Google's parent reports slowest quarterly growth in 2 years

Jul. 26, 2022 18:30 PM EDT

SAN FRANCISCO (AP) — Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession. The regression reported Tuesday by Google’s corporate parent, Alphabet,...

Walmart, Shopify fall; 3M, GE rise

Jul. 26, 2022 16:18 PM EDT

Stocks that traded heavily or had substantial price changes Tuesday: Shutterstock Inc., down $4.68 to $54.40. The stock images and video provider posted second-quarter sales and profit that missed Wall Street expectations. Walmart Inc., down $10.04 to...

Hobbled by chip, other shortages, GM profit slides 40% in Q2

Jul. 26, 2022 11:06 AM EDT

DETROIT (AP) — General Motors' second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company's U.S. sales down more than 15%. The Detroit automaker earned $1.67 billion from April through June, in part because...

Slump for tech chops off chunk of Wall Street’s winning week

Jul. 22, 2022 16:42 PM EDT

NEW YORK (AP) — Stocks slipped Friday, giving back some of their gains from earlier in the week as worries brewed about the global economy and prospects for profits at big internet companies. The S&P 500 lost 0.9% to break a three-day rally that had carried Wall Street to its...