Latest Earnings reports News

World shares mixed as earnings take center stage

Apr. 21, 2021 04:56 AM EDT

BANGKOK (AP) — Shares rose Wednesday in Europe and U.S. futures edged higher as corporate earnings took the spotlight after a day of declines in Asia. Germany's DAX gained 0.4% to 15,189.03 and the CAC 40 in Paris jumped 0.7% to 6,206.80. Britain's FTSE 100 added 0.7%...

United Airlines stock plunges after another big loss

Apr. 20, 2021 16:48 PM EDT

Shares of United Airlines tumbled by 8.5% Tuesday after the airline reported a larger first-quarter loss than expected and suggested that key business and international travel won't recover significantly until next year. United reported a first-quarter loss of $1.36...

Johnson & Johnson Q1 profit, sales jump, beat Street views

Apr. 20, 2021 12:40 PM EDT

Big jumps in sales of prescription drugs and medical devices helped Johnson & Johnson boost its first-quarter profit nearly 7%, blowing past Wall Street forecasts. The health care giant on Tuesday raised and narrowed its financial forecasts for 2021, and its shares...

This Week: Netflix, AmEx results, US home sales

Apr. 19, 2021 01:18 AM EDT

A look at some of the key business events and economic indicators upcoming this week: BINGE THIS Wall Street expects Netflix’s latest quarterly report card will show the video streaming service didn’t skip a beat after a strong 2020. ...

A $1.2 billion loss for Delta, but recovery is on the radar

Apr. 15, 2021 18:45 PM EDT

Delta Air Lines lost $1.2 billion in the first quarter, more than expected, but executives said Thursday that the airline could be profitable by late summer if the budding recovery in air travel continues. CEO Ed Bastian said Thursday that ticket sales have been stronger...

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....

Citigroup profit triples in 1Q, tops estimates; revenue down

Apr. 15, 2021 09:51 AM EDT

NEW YORK (AP) — Citigroup's profits more than tripled in the first quarter, the banking conglomerate said Thursday, helped by the release of billions of dollars from its loan-loss reserves. The bank also announced plans to scale back its global consumer banking franchise outside the U.S. ...

Bank of America profit doubles in 1Q to $8.1 billion

Apr. 15, 2021 07:49 AM EDT

NEW YORK (AP) — Bank of America's profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic. Bank of America is the...

Chipmaker TSMC says profit up 16.7% as demand revives

Apr. 15, 2021 02:46 AM EDT

TAIPEI, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co., the world’s biggest contract manufacturer of processor chips, said Thursday quarterly profit rose 16.7% over a year ago as global demand strengthened. Profit after tax rose to 139.6 billion New Taiwan...

Asian stock markets mixed after Wall St retreats from record

Apr. 14, 2021 23:29 PM EDT

BEIJING (AP) — Asian stock markets were mixed Thursday after Wall Street retreated from a record high as major banks reported strong profits at the start of the U.S. earnings season. Shanghai, Hong Kong and Sydney declined while Tokyo and Seoul advanced. ...