Latest Earnings reports News

Wobbly week for US stocks; 2nd weekly drop for S&P 500

May. 17, 2019 5:02 PM EDT

Stocks fell broadly on Wall Street Friday as investor jitters over the heated trade war between the world's two biggest economies overshadowed encouraging developments in conflicts between the U.S. and other key trading partners. The sell-off gained strength in the last hour of trading, handing the benchmark...

Deere, 3M, Pinterest slip while Cray soars on buyout

May. 17, 2019 4:40 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Deere & Co., down $11.17 to $134.82 The farm equipment maker's quarterly profit missed expectations amid weakness in the agriculture sector. Cray Inc., up $6.71 to $36.52 The supercomputer maker is being bought by Hewlett...

Trade war, heavy rains weigh on Deere & Co.

May. 17, 2019 1:08 PM EDT

Deere cut its profit and sales expectations for the year as a trade war between the U.S. and China escalates and farmers try to recover from a planting season besieged by heavy rains. Prices of soybeans targeted by Chinese tariffs last year fell to a 10-year low this week as the countries traded jabs . "Ongoing...

Trump disclosure shows revenue steady at key properties

May. 16, 2019 6:07 PM EDT

NEW YORK (AP) — Revenue from President Donald Trump's sprawling business empire largely held steady last year amid his turbulent presidency, according to his financial disclosure Thursday, with a drop in business at his Mar-a-Lago resort and small gains at his Washington hotel and Doral golf club. The...

Pinterest reports smaller 1Q loss but results drag stock

May. 16, 2019 5:26 PM EDT

SAN FRANCISCO (AP) — Pinterest, fresh off its initial public offering, posted a loss for the first three months of the year that was larger than analysts were expecting, though revenue was slightly stronger. Its revenue forecast, though, was slightly below expectations and its shares slumped in after-hours...

Walmart warns that higher tariffs will mean higher prices

May. 16, 2019 4:04 PM EDT

NEW YORK (AP) — Walmart warned on Thursday that higher tariffs on imports from China will mean higher prices. The comments came after the nation's largest retailer reported its best sale performance at its established U.S. namesake stores for the fiscal first quarter in nine years. It marked 19 straight...

1Q Earnings Wrap: When nothing is better

May. 16, 2019 12:20 PM EDT

NEW YORK (AP) — Behold the power of low expectations. Nearly all the companies in the S&P 500 have said how much profit they made in the first three months of the year, and growth looks to be close to nil. That's usually a frightening thing for investors because stock prices tend to follow the path of...

Asian stocks mixed on trade jitters, reported tariff delay

May. 15, 2019 11:26 PM EDT

TOKYO (AP) — Asian shares were mixed Thursday amid worries over trade tensions, leavened by media reports that President Donald Trump may delay a decision on auto tariffs. On Wall Street, a promising update on the Trump administration's efforts to reach a trade deal with Canada and Mexico by Treasury...

Progressive and Coty rise while New Relic and Embraer fall

May. 15, 2019 4:47 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: The Progressive Corp., up $3.86 to $77.50 The insurance company reported a sharp increase in premiums during its most recent quarter and reapproved a stock buyback plan. Tilray Inc., up 16 cents to $48.90 The cannabis company's...

Macy's warns customers could feel impact of trade war

May. 15, 2019 4:06 PM EDT

NEW YORK (AP) — Macy's customers may finally start to feel the impact of President Donald Trump's trade war with China. Like many department stores and general merchandise retailers, Macy's had been left largely unscathed by the first several rounds of tariffs since they focused more on industrial and...