Latest Earnings reports News

Virus knocks 80% off Atlantic City casino profits in 2020

Apr. 09, 2021 15:42 PM EDT

ATLANTIC CITY, N.J. (AP) — The coronavirus outbreak sent profits plunging at Atlantic City's casinos by more than 80% last year, according to figures released Friday by New Jersey gambling regulators. But despite those dismal numbers, seven of the nine casinos still...

Carnival, Smart Global rise; Genworth, Lamb Weston fall

Apr. 07, 2021 16:56 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Genworth Financial Inc., down 13 cents to $3.38. The insurer pulled the plug on its long-delayed $2.7 billion sale to China Oceanwide Holdings Group. ...

Ryanair sees break-even earnings amid slow COVID-19 recovery

Apr. 07, 2021 16:00 PM EDT

LONDON (AP) — Ryanair, Europe’s biggest discount airline, says earnings for the current fiscal year are likely to be “close to breakeven” as continued travel restrictions delay its recovery from the COVID-19 pandemic. The pessimistic outlook came as the airline...

Credit Suisse foresees $4.7B charge over hedge fund default

Apr. 06, 2021 04:44 AM EDT

GENEVA (AP) — Swiss bank Credit Suisse on Tuesday announced the departure of two top executives and said it expects a one-time charge of 4.4 billion Swiss francs ($4.7 billion) in connection with a previously announced default of a U.S. hedge fund on margin calls. The...

This Week: Job openings, consumer credit, Levi Strauss earns

Apr. 05, 2021 01:20 AM EDT

A look at some of the key business events and economic indicators upcoming this week: JOB MARKET BAROMETER The Labor Department issues its monthly snapshot of U.S. job openings Tuesday. Economists project the number of available...

Even with pretax profits, many big companies pay zero US tax

Apr. 02, 2021 17:54 PM EDT

NEW YORK (AP) — Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many firms pay zero despite making big pretax profits. More than 50 of the largest...

H&M swings to loss, affirms commitment to China market

Mar. 31, 2021 07:12 AM EDT

STOCKHOLM (AP) — Low-cost fashion brand Hennes & Mauritz AB on Wednesday reported an expected loss in the first quarter. Meanwhile, the pandemic-hit Swedish company said it was committed to remaining in the Chinese market despite facing a boycott there because of its views of alleged...

This Week: Consumer confidence, CarMax earns, jobs report

Mar. 29, 2021 01:16 AM EDT

A look at some of the key business events and economic indicators upcoming this week: GAINING CONFIDENCE The Conference Board issues its monthly snapshot of U.S. consumer confidence Tuesday. Economists project the consumer...

Nike, Rite Aid fall; Darden Restaurants, Lumentum rise

Mar. 25, 2021 16:38 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: RH, up $43.97 to $529.08. The furniture and housewares chain reported encouraging fourth-quarter profits and revenue. KB Home, up $1.01 to...

GameStop lost $215 million in fiscal year; online sales gain

Mar. 23, 2021 18:41 PM EDT

GameStop, the video game retailer at the center of a social-media driven investment frenzy, said it lost $215 million in the 12 months ended Jan. 30 as it dealt with pandemic-related shutdowns and moved to transform itself into a more online-focused company. The company's...