Latest Earnings estimates News

FILE - In this March 26, 2020 file photo, a woman leaves a Walgreens pharmacy that is enforcing social distancing rules by allowing only a certain numbers of people in as customers line up on the sidewalk outside the store in New York. The coronavirus pandemic pushed the drugstore chain to a $1.7-billion loss in its fiscal third quarter, as customers stayed home to avoid the virus or consolidated their shopping to grocery stores. The international drugstore chain said Thursday, July 9 the rapidly spreading virus took a bite of between $700 million and $750 million out of sales in the quarter.  (AP Photo/Kathy Willens, File)

Walgreens lost $1.7B in 3Q as global pandemic tightened grip

Jul. 9, 2020 11:20 AM EDT

The coronavirus pandemic pushed Walgreens to a $1.7 billion loss it the most recent quarter with customers staying home or limiting shopping to essential supplies from grocery stores. The drugstore chain said Thursday that the rapidly spreading virus took a bite of between $700 million and $750 million from...

FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Earnings reporting season is about to get underway for big companies, and the forecasts are grim. Wall Street expects S&P 500 companies to report profits plunged by the most since the depths of the Great Recession during the second quarter. Earnings reports tend to matter deeply to investors because stock prices track the path of earnings over the long term.   (AP Photo/Mark Lennihan, File)

2Q earnings to show how virus menaced Corporate America

Jul. 9, 2020 10:29 AM EDT

NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it’s tough to be disappointed in something when expectations were low to begin with. That’s how Wall Street is approaching the upcoming earnings season for companies. CEOs across...

Pfizer, FedEx rise; United Airlines, General Mills fall

Jul. 1, 2020 4:48 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: United Airlines Holdings Inc., down 16 cents to $34.45. The airline plans to triple its August flight schedule compared to June. Constellation Brands Inc., up $10.93 to $185.88. The brewer of Corona beer beat Wall Street's...

FILE - This April 1, 2020 file photo shows a FedEx logo at a facility in Romulus, Mich. FedEx Corp. flipped to a $334 million loss in its fiscal fourth quarter, but its revenue and adjusted profit beat Wall Street expectations as the virus pandemic continues to fuel a boom in online shopping. (AP Photo/Paul Sancya)

FedEx reports a loss, but revenue tops Street expectations

Jun. 30, 2020 8:01 PM EDT

FedEx Corp. flipped to a $334 million loss in its fiscal fourth quarter, but its revenue and adjusted profit beat Wall Street expectations as the virus pandemic continues to fuel a boom in online shopping. FedEx's stock rose more than 9% in after-market trading following the results report. With many U.S....

The Nike store on Fifth Avenue is temporarily closed due to the coronavirus pandemic, Monday, June 22, 2020, in New York. Nike lost $790 million in the fourth quarter, as soaring digital sales couldn’t make up for the loss of revenue from shuttered stores in most of the world. The world’s largest sports apparel maker said Thursday, June 25, 2020, that its revenue fell 38% to $6.3 billion in the three-month period ending May 31. (AP Photo/Pamela Hassell)

Nike posts quarterly loss after virus forced store closures

Jun. 25, 2020 8:48 PM EDT

NEW YORK (AP) — Nike lost $790 million in the fourth quarter, as soaring digital sales couldn't make up for the loss of revenue from shuttered stores in most of the world. The world's largest sports apparel maker said Thursday that its revenue fell 38% to $6.31 billion in the three-month period ending May...

KB Home, Walt Disney fall; Rite Aid, Accenture rise

Jun. 25, 2020 4:14 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: Rite Aid Corp., up $3.42 to $16.29. The drugstore chain reported a surge in first-quarter revenue and beat Wall Street's financial forecasts. Accenture Plc., up $15.48 to $217.32. The consulting company's third-quarter revenue...

Slack: Fiscal 1Q Earnings Snapshot

Jun. 4, 2020 7:48 PM EDT

SAN FRANCISCO (AP) — Slack Technologies Inc. (WORK) on Thursday reported a loss of $75.2 million in its fiscal first quarter. On a per-share basis, the San Francisco-based company said it had a loss of 13 cents. Losses, adjusted for stock option expense and amortization costs, came to 2 cents per share....

American Airlines, eBay rise; Smartsheet, Cloudera fall

Jun. 4, 2020 4:19 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: Costco Wholesale Corp., up $4.11 to $310.75 The membership warehouse reported a jump in overall sales in May, along with a surge in online sales. Navistar International Corp., up $3.09 to $27.93 The truck and engine maker beat...

Zoom, Cheesecake Factory rise; HealthEquity, Ambarella fall

Jun. 3, 2020 4:31 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Zoom Video Communications Inc., up $15.79 to $223.87 The video-conferencing company’s first-quarter financial results and forecasts blew past Wall Street’s expectations on a surge in demand. Microchip Technology...

Dell, Williams-Sonoma rise; Nordstrom, Salesforce fall

May. 29, 2020 4:21 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Salesforce.com Inc., down $6.31 to $174.79. The cloud-based software company cut its full year financial forecasts because of the virus pandemic's impact. VMware Inc., up $13.83 to $156.27. The cloud-based software company...