Latest Earnings reports News

Stocks rise on trade progress, S&P 500 notches weekly gain

Oct. 11, 2019 5:20 PM EDT

The S&P 500 finished with its first weekly gain in four weeks Friday as investors welcomed a thaw in the punishing trade war between the U.S. and China. After two days of negotiations in Washington, the U.S. agreed to suspend a planned hike in tariffs on $250 billion of Chinese goods that had been set to kick...

Record passenger traffic over the summer boosts Delta profit

Oct. 10, 2019 1:02 PM EDT

DALLAS (AP) — Delta Air Lines set records for passengers and revenue over the summer and benefitted from cheaper jet fuel, boosting its third-quarter profit 13% to $1.5 billion. However, Delta offered a cautious fourth-quarter forecast that fell short of Wall Street expectations, and the airline's shares...

Asian stocks slip as tensions flare before US-China talks

Oct. 9, 2019 12:34 AM EDT

Shares slipped in Asia on Wednesday as tensions between the U.S. and China flared ahead of talks aimed at resolving the trade war between the world's two biggest economies. An overnight sell-off on Wall Street added to the gloom. Technology companies, banks and health care stocks bore the brunt of the selling...

Levi Strauss's 3Q profits drop 4.1%

Oct. 8, 2019 7:09 PM EDT

NEW YORK (AP) — Levi Strauss & Co. reported a 4.1% drop in third-quarter profits on Tuesday as the denim giant wrestles with a weak business at its wholesale accounts in the U.S. The earnings report comes eight months after Levi's returned to the stock market amid increasing competition and a changing...

Tough times for chipmakers as Samsung warns of profit drop

Oct. 8, 2019 5:33 PM EDT

SEOUL, South Korea (AP) — Samsung provided the latest sign of the tough times afflicting computer chipmakers as it braced investors for a sharp drop in profit. The sobering forecast Tuesday wasn't entirely unexpected, given an industrywide glut that has forced chipmakers to slash prices to clear out...

Oklahoma treasurer reports revenue collection growth slowing

Oct. 4, 2019 12:27 PM EDT

OKLAHOMA CITY (AP) — Oklahoma Treasurer Randy McDaniel says overall collections to the state treasury grew last month, but he says the growth is slowing, mostly due to a decline in oilfield activity. McDaniel reported overall collections to the treasury in September totaled $1.16 billion, an increase of...

Markets Right Now: After early stumble, stocks end higher

Oct. 3, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The stock market shook off an early stumble and ended broadly higher, breaking a two-day slump that got October off to a miserable start. Big technology companies and drug makers led the gains Thursday, while...

Markets Right Now: Tech leads a broad decline for US stocks

Sep. 27, 2019 4:09 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Technology companies led a broad slide in stocks on Wall Street as investors worry about the potential for another escalation in the trade war between the U.S. and China. Friday's selling, which reversed an early...

Asian stocks decline as traders mull Trump inquiry

Sep. 27, 2019 12:45 AM EDT

BEIJING (AP) — Asian stocks fell Friday as traders weighed data showing slower U.S. economic growth and also the possible impact of an impeachment inquiry of President Donald Trump. The congressional inquiry into Trump is throwing more volatility into a market that already was nervous over U.S.-Chinese...

Carnival, Actuant retreat while Conagra, Presido advance

Sep. 26, 2019 4:56 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday. Carnival Corp., down $4.11 to $43.95 The cruise line operator cut its profit forecast for the year because of higher fuel costs. Conagra Brands Inc., up $1.10 to $31 The packaged food maker reported a surprisingly strong...