Latest Earnings estimates News

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...

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...

United posts $646 million loss, omicron casts shadow over 1Q

Jan. 19, 2022 18:26 PM EST

CHICAGO (AP) — United Airlines lost $646 million in the fourth quarter and said Wednesday that the current spike in COVID-19 cases will hurt its results in the March quarter. The airline said it expects its first-quarter revenue will be down 20% to 25% from the same period in 2019....

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. ...

Optum again a big revenue driver for UnitedHealth in 2021

Jan. 19, 2022 10:27 AM EST

UnitedHealth Group's fourth-quarter profit soared as the nation's largest health insurance provider branched deeper into offering care as well as covering the bills. The health care giant said Wednesday that operating earnings from its Optum division grew nearly 10% to $3.4 billion...

Bank profits soared in 2021, but inflation is front of mind

Jan. 14, 2022 14:14 PM EST

NEW YORK (AP) — Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped by the improving economy and consumers and businesses willing to spend and take on loans. But Inflation is clouding the outlook for 2022, based on comments from bank...

Wells Fargo's $5.8 billion profit easily tops expectations

Jan. 14, 2022 11:23 AM EST

SILVER SPRING, Md. (AP) — Wells Fargo easily beat Wall Street expectations for the fourth quarter with interest rates beginning to take off, likely another boost for the nation's largest mortgage lender going forward. The San Francisco bank earned $5.8 billion, or $1.38 per share,...

JPMorgan 4Q earnings fall 14%, but 2021 profit sets record

Jan. 14, 2022 07:48 AM EST

NEW YORK (AP) — JPMorgan Chase says fourth-quarter profits fell 14% from a year earlier, due to a weaker performance from its trading desk and higher compensation expenses for employees. Even with the weaker quarter, JPMorgan had a record annual profit, nearly $50 billion. The...

Vaccinations, tests give Walgreens a fiscal 1Q sales jolt

Jan. 06, 2022 10:38 AM EST

COVID-19 vaccines and testing boosted Walgreens store sales growth to levels not seen in more than two decades, pushing the drugstore chain well above Wall Street expectations for the first quarter. Walgreens doled out 15.6 million vaccines in the quarter that ended November 30, up...

Oracle, Costco rise; Everbridge, Chewy fall

Dec. 10, 2021 16:35 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Everbridge Inc., down $52.37 to $63. The company said David Meredith was resigning as CEO and will be replaced on an interim basis by its chief financial officer and chief revenue...