Latest Earnings estimates News
Intel, Broadcom rise; Harsco, American Airlines fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Intel Corp., up $5.15 to $68.47 The world's largest chipmaker blew past Wall Street's fourth-quarter earnings expectations and gave an upbeat profit forecast. Atlassian Corp., up $14.15 to $146.79 The software company handily beat...
Stocks fall as fears about deadly virus grow; Dow drops 170
Health care companies led a broad slide in U.S. stocks Friday as increased fears over the spread of a deadly outbreak of coronavirus rattled markets. The S&P 500 had its worst day since early October and snapped a two-week winning streak. The sell-off followed news that a Chicago woman has become the second...
Asian markets gain as China closes down for Lunar New Year
BANGKOK (AP) — Shares were mostly higher in quiet trading on Friday in Asia as China began a week-long Lunar New Year festival that is being overshadowed by the outbreak of a new virus that has killed 25 people and sickened more than 800. Japan's Nikkei 225 index rose less than 0.1% to 23,811.54 and in...
Exxon Mobil, Bank of America fall; PG&E, Teradyne rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: V.F. Corp., down $9.16 to $85.41 The maker of Vans and Timberland shoes cut its profit forecast for its fiscal year after reporting disappointing third-quarter revenue. Teradyne Inc., up $2.62 to $76.21 The semiconductor-testing...
Grounded Boeing jet holds back profits, growth at airlines
DALLAS (AP) — The three big U.S. airlines that own Boeing 737 Max jets don’t expect the grounded plane back in their fleets until after the the peak summer travel season, and that promises to lead to thousands more canceled flights and higher costs well into another year. On Thursday, American...
Easing trade tensions bode well for emerging market stocks
LOS ANGELES (AP) — Several factors are pointing to a possible rebound in emerging market stocks this year. Stocks in China and other developing economies notched solid gains in 2019, but lagged the blockbuster market returns delivered by publicly traded companies in the U.S. and other developed economies....
Union Pacific 4Q delivery volume falls, so does its profit
OMAHA, Neb. (AP) — Union Pacific's fourth-quarter profit fell 10% as the railroad hauled 11% less freight , but the recent U.S.-China trade deal is helping boost the outlook for the year. The railroad said Thursday that it earned $1.4 billion, or $2.02 per share, in the quarter. That's down from $1.55...
American Airlines profit rises 27% on strong travel demand
DALLAS (AP) — American Airlines' fourth-quarter profit rose 27% to $414 million on strong travel demand that resulted in record occupancy levels on its planes. However, American continues to be weighed down by the grounding of Boeing 737 Max jets. American said Thursday that it had canceled about 10,000...
IBM, Express rise; Netflix, Baker Hughes fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Netflix Inc., down $12.11 at $326. The streaming video company gave investors a weak forecast for subscriber growth. IBM (IBM), up $4.72 at $143.89. The technology and consulting company's fourth-quarter profit and revenue beat...
Johnson & Johnson posts higher sales, big 4Q profit jump
Higher prescription drug sales and lower legal costs drove Johnson & Johnson's fourth-quarter profit 32% higher. The world's biggest maker of health care products on Wednesday reported net income of $4.01 billion, or $1.50 per share. That's up from $3.04 billion, or $1.12, a year earlier. Adjusted earnings...
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