Latest Earnings reports News

Wells Fargo 2Q results beat Street estimates

Jul. 16, 2019 12:55 PM EDT

WASHINGTON (AP) — Wells Fargo reported better-than-expected earnings despite lower interest income in the second quarter, a potential concern for investors with a Fed interest rate cut likely on the horizon. Shares in the consumer banking giant slid in midday trading. Wells Fargo & Co., still under...

Domino's 2Q sales fall short as delivery services bite

Jul. 16, 2019 11:59 AM EDT

ANN ARBOR, Mich. (AP) — Domino's Pizza said aggressive discounting by third-party delivery services like DoorDash is hurting its U.S. sales — and shows no sign of letting up. U.S. sales at stores open at least a year rose 3% in the second quarter. That was below analysts' forecast of 4.5%, according...

US stocks flatten as earnings reports ramp up

Jul. 16, 2019 11:26 AM EDT

NEW YORK (AP) — U.S. stocks flattened in morning trading as investors assessed a mixed bag of corporate earnings and economic reports. Technology companies fared the worst, with the heaviest declines coming from chipmakers. Intel fell 1.2% and Texas Instruments fell 1.3%. Johnson & Johnson led health...

Johnson & Johnson 2Q profit jumps 42% despite lower sales

Jul. 16, 2019 10:59 AM EDT

Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and lower spending on marketing and administration boosted its profit a whopping 42 percent. That blew past Wall Street expectations. The maker of baby shampoo and cancer and immune...

JPMorgan Chase posts $9.7 billion profit, beating estimates

Jul. 16, 2019 9:47 AM EDT

NEW YORK (AP) — Banking giant JPMorgan Chase & Co. said Tuesday that its second quarter profits grew by 16% from a year ago, helped by lower taxes and the ability to charge businesses and consumers more to borrow money. The nation's largest bank by assets said Tuesday that it earned $9.65 billion, or...

Global shares edge up on upbeat US earnings reports

Jul. 16, 2019 8:34 AM EDT

TOKYO (AP) — Global stock markets were mostly higher on Tuesday after several major U.S. companies reported quarterly earnings that were better than expected. France's CAC 40 was up 0.6% to 5,611, while Germany's DAX was 0.4% higher at 12,432. Britain's FTSE 100 gained 0.5% to 7,566. U.S. shares looked set...

Goldman Sachs 2Q profit declines 6%, but beats estimates

Jul. 16, 2019 8:20 AM EDT

NEW YORK (AP) — Goldman Sachs said its second quarter profit fell 6% from a year earlier, as the Wall Street firm saw declines across most of its businesses. However the results were much better than what analysts' had forecast, pushing shares higher in premarket trading. The New York-based bank said it...

Asian shares mixed in lackluster trading, Nikkei falls 0.6%

Jul. 16, 2019 12:00 AM EDT

TOKYO (AP) — Asian shares were little changed and mixed in quiet trading Tuesday amid a lack of fresh market-moving news as investors looked ahead to earnings season. Japan's benchmark Nikkei 225 lost 0.6% in early trading to 21,549.68. Australia's S&P/ASX 200 edged 0.1% higher to 6,657.20. South...

Casino reports opening week profits as suit alleges cheating

Jul. 15, 2019 6:02 PM EDT

EVERETT, Mass. (AP) — A class action lawsuit is accusing Encore Boston Harbor of cheating gamblers out of their winnings as state regulators disclose the new casino's first week earnings. The suit by New York resident Richard Schuster says the Everett casino is paying out less for certain winning hands at...

Markets Right Now: Stocks end a wobbly day slightly higher

Jul. 15, 2019 4:10 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major U.S. stock indexes ended a wobbly day with meager gains, enough to push them slightly further into record territory. Trading was indecisive for much of the day Monday, as losses for banks mostly offset gains in...