Latest Earnings estimates News
CSX 1Q profit dips 8% but railroad sees economy growing
OMAHA, Neb. (AP) — CSX Corp. said its first-quarter profit declined 8% due to higher expenses, but the railroad said it expects to benefit as the U.S. economy strengthens further over the rest of the year. The Jacksonville, Florida-based company said Tuesday that it...
Johnson & Johnson Q1 profit, sales jump, beat Street views
Big jumps in sales of prescription drugs and medical devices helped Johnson & Johnson boost its first-quarter profit nearly 7%, blowing past Wall Street forecasts. The health care giant on Tuesday raised and narrowed its financial forecasts for 2021, and its shares...
Coke sales rebound as vaccinations roll out and venues open
Sales are steadily improving at Coca-Cola Co. as vaccinations allow for the opening of restaurants and offices in many regions globally. Coke historically had booked half its sales from restaurants, stadiums and other public places. The pandemic broadsided the company. ...
A year after stocks soared, CEOs must show it was warranted
NEW YORK (AP) — It's time to show the receipts, CEOs. For more than a year, investors have been pushing up stock prices, even though the pandemic caused profits to crater for companies. With COVID-19 vaccines going into arms and businesses reopening, investors want to...
UnitedHealth ups profit forecast after strong start to year
UnitedHealth's first-quarter profit jumped about 44%, and the nation's largest health insurer also hiked its 2021 outlook despite expecting more hits from the COVID-19 pandemic. The company said Thursday that the performance of its Optum division was particularly strong....
Wells Fargo earned $4.74 billion in Q1, topping estimates
SILVER SPRING, Md. (AP) — Wells Fargo had its best quarter in a year and a half, posting a profit of $4.74 billion and freeing up more than a billion dollars that had been set aside for potential loan defaults at the beginning of the coronavirus pandemic. The San...
JPMorgan 1Q profit up sharply, helped by improving economy
NEW YORK (AP) — JPMorgan Chase saw its first-quarter profit jump nearly five fold from a year earlier, as the improving economy allowed the bank to free up roughly $5 billion that it had stored away to guard against loan defaults in the early weeks of the pandemic. The...
Wells Fargo profit jumps to $4.74 billion in first quarter
Wells Fargo & Co. says first-quarter net income jumped to $4.74 billion from $653 million a year earlier, when the pandemic struck the global economy. The San Francisco-based bank said Wednesday that it had earnings of $1.05 per share in the latest quarter, compared...
FedEx's profit nearly triples as online shopping grows
NEW YORK (AP) — FedEx said Thursday that its profit nearly tripled in its most recent quarter, despite winter weather that hobbled some of its facilities. Online shopping has surged during the pandemic as more people avoid going inside stores. That has made package...
SEC suing AT&T for telling analysts nonpublic information
The Securities and Exchange Commission is suing AT&T and three of its investor relations executives for telling Wall Street analysts about the telecom giant's sales data before it released quarterly results. The early warning helped AT&T avoid having its results...
