Latest Earnings reports News

Fed report shows farm income on the decline

Nov. 17, 2018 8:25 AM EST

ST. LOUIS (AP) — A report by the St. Louis Federal Reserve Bank says farm income is continuing to decline within its district. The Fed says the third-quarter report released this week was the 19th straight survey in which most bankers indicated that farm income was on the decline. Bankers also were...

Walmart flexes its muscle against Amazon

Nov. 15, 2018 3:04 PM EST

NEW YORK (AP) — Walmart may be bruised by Amazon, but it's learning how to fight back. The world's largest retailer delivered strong third-quarter results Thursday, extending a streak of sales growth into its 11th straight quarter that was helped by services such as online grocery pickup. It also raised...

JC Penney withdraws profit guidance, cuts sales outlook

Nov. 15, 2018 1:14 PM EST

NEW YORK (AP) — J.C. Penney withdrew its profit guidance and lowered its sales expectations for the year, leading to a big drop in its stock in early trading before shares recovered. Sales at stores open at least a year, a key gauge of a retailer's health, declined 5.4 percent during the third quarter....

Uber loss grows in 3Q; company says it's investing in future

Nov. 14, 2018 5:20 PM EST

SAN FRANCISCO (AP) — Uber's net loss widened by $177 million in the third quarter as the ride-hailing giant continued to invest ahead of a planned initial public stock offering next year. The San Francisco company lost just over $1 billion from July through September, compared with an $891 million loss in...

Macy's charges into the holiday shopping season like a boss

Nov. 14, 2018 12:40 PM EST

NEW YORK (AP) — Macy's is heading into the crucial holiday season firing on all cylinders, logging its fourth consecutive quarter of sales growth at existing locations and getting strong reactions from customers both online and in its stores. The company also lifted its expectations for annual earnings on...

Danish shipper: US-China trade war hits container trade

Nov. 14, 2018 6:45 AM EST

HELSINKI (AP) — Danish shipping group A.P. Moller-Maersk is warning that trade tensions between the United States and China could weigh on business. The company said a brewing trade war between the two had created uncertainty and could "reduce global container trade by 0.5 to 2.0 percent during 2019-2020"....

Homeowners are spending, Home Depot is winning

Nov. 13, 2018 8:12 AM EST

NEW YORK (AP) — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing market is cooling. Comparable-store sales, a key indicator of a retailer's health, rose 4.8 percent, but...

Asian stocks sink after Wall Street tech sell-off

Nov. 12, 2018 11:25 PM EST

BEIJING (AP) — Asian stocks sank Tuesday after a tech sell-off dragged Wall Street lower. KEEPING SCORE: Tokyo's Nikkei 225 tumbled 3.2 percent to 21,554.45 and Hong Kong's Hang Seng lost 1.1 percent. The Shanghai Composite Index was off 0.2 percent at 2,625.37 and Sydney's S&P-ASX 200 gave up 1.9...

Yelp's shares take a beating after revenue miss

Nov. 8, 2018 5:29 PM EST

SAN FRANCISCO (AP) — Shares of Yelp Inc. took a beating Thursday after the online-reviews site reported soft third-quarter sales and indicated the current period would also be weak. Yelp's stock was down $12.50, or 29 percent, to $31 in after-hours trading. CEO Jeremy Stoppleman blamed the revenue miss on...

Disney results jump on strong movie slate

Nov. 8, 2018 5:28 PM EST

NEW YORK (AP) — Walt Disney Co.'s earnings for the latest quarter sailed passed expectations, boosted by a strong slate of movies such as "Incredibles 2" as the company moves toward closing its $71.3 billion deal to buy 21st Century Fox's entertainment assets. Disney and other media companies are facing a...