Latest Earnings estimates News

A year after stocks soared, CEOs must show it was warranted

Apr. 15, 2021 12:36 PM EDT

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

Apr. 15, 2021 11:10 AM EDT

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

Apr. 14, 2021 09:42 AM EDT

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

Apr. 14, 2021 09:14 AM EDT

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

Apr. 14, 2021 08:14 AM EDT

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

Mar. 18, 2021 18:13 PM EDT

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

Mar. 05, 2021 18:25 PM EST

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...

SmileDirectClub: Q4 Earnings Snapshot

Mar. 04, 2021 19:59 PM EST

NASHVILLE, Tenn. (AP) — SmileDirectClub Inc. (SDC) on Thursday reported a fourth-quarter loss of $9.7 million. A year earlier, it reported a loss of $26.2 million. On a per-share basis, the Nashville, Tennessee-based company said it had a loss of 9...

For the first time since COVID, profits are rising again

Mar. 04, 2021 14:16 PM EST

NEW YORK (AP) — The freefall for corporate profits because of the pandemic is over, at least for now. The last few companies are letting their investors know how much profit they made during the last three months of 2020, and if the trend holds, they’ll likely blow...

Michaels, DISH Network rise; B&G Foods, Wendy's fall

Mar. 04, 2021 13:00 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Ross Stores Inc., down $6.59 to $111.05. The discount retailer gave investors a weak profit forecast after reporting disappointing fourth-quarter earnings. ...