Latest Earnings reports News

Best Buy trims jobs after it cuts sales and profit outlook

Aug. 12, 2022 15:28 PM EDT

NEW YORK (AP) — Best Buy, the nation's largest consumer electronics chain, is trimming jobs in an effort to adjust to new changes in consumer behavior as the virus wanes. Best Buy declined to say how many jobs it was cutting, but The Wall Street Journal, which was first to report...

China's Huawei says sales down but new ventures growing

Aug. 12, 2022 04:08 AM EDT

BEIJING (AP) — Chinese tech giant Huawei said Friday its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions. Revenue fell 5.9% from a year earlier to 301.6 billion yuan ($44.8...

How major US stock indexes fared Thursday 8/11/2022

Aug. 11, 2022 16:30 PM EDT

An afternoon pullback left stock indexes on Wall Street mixed Thursday, erasing most of their morning gains fueled by another encouraging report about inflation. The S&P 500 closed 0.1% lower. The Nasdaq also fell, while the Dow Jones Industrial Average rose slightly. Investors weighed new data...

Disney, Dillard's rise; Six Flags, Sonos fall

Aug. 11, 2022 16:16 PM EDT

Stocks that traded heavily or had substantial price changes Thursday: Walt Disney Co., up $5.34 to $117.77. The media and entertainment giant added 14.4 million Disney+ subscribers last quarter and will raise prices for the streaming service. Six Flags...

Growth in corporate profits may not be as strong as it seems

Aug. 11, 2022 09:43 AM EDT

NEW YORK (AP) — Wall Street's big gains this summer have been spread widely across industries. The profit growth helping to underpin those gains? Not so much. Roughly 90% of the companies in the S&P 500 have reported their second quarter results, and their earnings per share...

Axon, Trade Desk rise; Alcon, Rackspace fall

Aug. 10, 2022 16:22 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Alcon Inc., down $3.53 to $71.94. The eye care company trimmed its profit and revenue forecasts for the year. Trade Desk Inc., up $19.74 to $74.24. ...

Japan's Toshiba boosts profit on devices, auto sector demand

Aug. 10, 2022 04:41 AM EDT

TOKYO (AP) — Toshiba reported a 44% improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management. Tokyo-based Toshiba Corp. said Wednesday that it recorded a 25.9 billion yen ($192 million)...

Japan's Honda sees declining profits on semiconductor crunch

Aug. 10, 2022 04:02 AM EDT

TOKYO (AP) — Honda’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported Wednesday that its profit...

Japan tech giant SoftBank posts $23 billion quarterly loss

Aug. 08, 2022 04:47 AM EDT

TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762...

Japanese technology giant SoftBank Group reports $23 billion loss in April-June quarter as value of investments sank

Aug. 08, 2022 03:22 AM EDT
TOKYO (AP) — Japanese technology giant SoftBank Group reports $23 billion loss in April-June quarter as value of investments sank.