Latest Earnings reports News

This week: Fed meeting, inflation data, Apple earnings

Jan. 24, 2022 00:13 AM EST

A look at some of the key business events and economic indicators upcoming this week: Fed meeting With inflation high and the economy strengthening, the Fed has made clear that it's nearly ready to end its bond-buying program meant to keep longer-term rates low, as...

CSX railroad's Q4 profit jumps 23% even though volume slips

Jan. 20, 2022 19:09 PM EST

OMAHA, Neb. (AP) — CSX railroad's fourth-quarter profit jumped 23% even though volume slipped amid the ongoing supply chain challenges. The Jacksonville, Florida-based railroad said Thursday it earned $934 million, or 42 cents per share. That's up from $760 million, or 33 cents per...

Alcoa, Casper rise; Regions Financial, Clorox fall

Jan. 20, 2022 16:52 PM EST

Stocks that traded heavily or had substantial price changes Thursday: Alcoa Corp., up $1.62 to $61.25. The bauxite, alumina and aluminum products company reported strong fourth-quarter financial results. Encompass Health Corp., up 68 cents to $61.90. ...

Union Pacific Q4 profit up 24% despite weak rail volume

Jan. 20, 2022 14:12 PM EST

OMAHA, Neb. (AP) — Union Pacific hauled in 24% more profit in the fourth quarter despite supply chain problems and weak auto production, but that is also compared with a period last year that included a one-time $278 million charge. The Omaha, Nebraska, railroad on Thursday posted...

American Airlines reports $931 million fourth-quarter loss

Jan. 20, 2022 12:25 PM EST

DALLAS (AP) — American Airlines lost $931 million in the fourth quarter and the incoming CEO said Thursday that the surge in COVID-19 will delay the airline's recovery by two or three months. First-quarter revenue is expected to be down about 20% to 22% compared with the first...

Ford, US Bancorp fall; Bank of America, Tegna rise

Jan. 19, 2022 16:24 PM EST

Stocks that traded heavily or had substantial price changes Wednesday: Alliance Data Systems Corp., down $3.37 to $65.69. BJ's Wholesale is reportedly ending its co-branded credit card partnership with the marketing services and customer loyalty program company. ...

Morgan Stanley profits climb 9% on asset management business

Jan. 19, 2022 09:53 AM EST

NEW YORK (AP) — Investment bank Morgan Stanley said its fourth-quarter profits rose 9% from a year ago, helped by a big jump in fee revenue from its growing asset and wealth management business. The investment banking division also boosted results, as deal-making on Wall Street continued at a...

UConn's athletic deficit rose to $47.2 million in 2021

Jan. 18, 2022 22:36 PM EST

STORRS, Conn. (AP) — UConn's athletic department reported Tuesday that its budget deficit rose from from $43.5 million to $47.2 million in the 2021 fiscal year, the result of pandemic-related hits to ticket sales and other revenue. The school released the figures as part of its...

Nevada casinos data: Jobs lost, revenues down amid pandemic

Jan. 14, 2022 18:12 PM EST

LAS VEGAS (AP) — The economic effect of the coronavirus pandemic emerged in stark numbers in an annual report showing a decrease in employees at Nevada’s biggest casinos and anemic revenues during the 12 months that followed a statewide casino shutdown in 2020. The Nevada Gaming...

Stocks end mostly higher, but still log another losing week

Jan. 14, 2022 17:02 PM EST

A late-afternoon recovery in technology stocks helped erase most of the market's losses Friday, though it wasn't enough to keep major indexes from posting their second straight losing week. The S&P 500 eked out a 0.1% gain in the final minutes of trading after having been down...