Latest Earnings reports News

ACC revenue up in 2020-21 with Notre Dame in football chase

May. 20, 2022 19:22 PM EDT

GREENSBORO, N.C. (AP) — The Atlantic Coast Conference reported a record total of $578.3 million in revenue for the 2020-21 fiscal year with the addition of Notre Dame as a full football member for one season amid the COVID-19 pandemic. The league’s tax filing released Friday...

Ross Stores, Applied Materials fall; Palo Alto, Deckers rise

May. 20, 2022 16:54 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Deckers Outdoor Corp., up $28.49 to $255.28. The maker of Ugg footwear handily beat Wall Street's fourth-quarter profit forecasts. Palo Alto Networks Inc., up $42.31 to...

Pac-12 suffered a 36% decrease in revenue for 2020-21

May. 20, 2022 15:28 PM EDT

SAN FRANCISCO (AP) — The Pac-12 Conference suffered a 36% decrease in revenue for the 2020-21 fiscal year due in large part to pandemic-related cancellations in football and basketball. The conference announced Friday that it had total revenues of $344 million and distributions to...

Walmart Q1 profit dragged down as inflation takes a bite

May. 17, 2022 11:20 AM EDT

NEW YORK (AP) — Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation's largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. The company also on Tuesday cut its...

This Week: US retail sales, home sales, Deere & Co. earns

May. 16, 2022 00:17 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SIZING UP RETAIL SALES The Commerce Department serves up its monthly tally of U.S. retail sales Tuesday. Economists predict sales at restaurants, shops and other...

Saudi oil giant Aramco's first-quarter profits surge 80%

May. 15, 2022 04:44 AM EDT

DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and surging oil prices following Russia’s invasion of Ukraine. ...

Japan's Honda sees profit slide on chips, material cost woes

May. 13, 2022 05:41 AM EDT

TOKYO (AP) — Honda’s fiscal fourth quarter profit slipped to almost half of what the Japanese automaker earned the previous year as it endured supply shortages and rising raw materials costs. Tokyo-based Honda Motor Co. reported Friday that its profit was 124.8 billion yen ($967...

Japan's Nissan returns to profit despite chips shortages

May. 12, 2022 18:35 PM EDT

TOKYO (AP) — Japanese automaker Nissan returned to profitability in the last fiscal year for the first time in three years, despite challenges such as supply shortages caused by the pandemic and soaring costs. Nissan Motor Co. reported Thursday a net profit of 215.5 billion yen...

Tapestry, Sonos rise; AmerisourceBergen, Capital One fall

May. 12, 2022 16:32 PM EDT

NEW YORK (AP) — Walt Disney Co., down 90 cents to $104.31. The entertainment giant's fiscal second-quarter earnings fell short of Wall Street forecasts. Beyond Meat Inc., down $1.09 to $25.08. The plant-based meat company reported disappointing...

Japan's SoftBank sinks to losses as investments sour

May. 12, 2022 05:33 AM EDT

TOKYO (AP) — SoftBank Group sank into losses in the past fiscal year as the value of its global investments declined, the Japanese technology company reported Thursday. SoftBank Group Corp. reported red ink totaling 1.7 trillion yen ($13 billion) for the fiscal year through March,...