Latest Earnings reports News

Dillard's, Novavax rise; Baidu, DraftKings fall

Aug. 14, 2020 4:30 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday: Applied Materials Inc., up $2.55 to $67.62. The chipmaking equipment company beat Wall Street's fiscal third-quarter profit forecasts and said demand is rising. Baidu Inc., down $7.83 to $116.74. The Chinese internet search company's...

FILE - In this June 4, 2020, file photo, a woman plays an electronic slot machine at at the reopening of the Bellagio hotel and casino in Las Vegas. The coronavirus and efforts to fight it have hit U.S. casinos and legal gambling businesses hard. The American Gaming Association on Thursday, Aug. 13, 2020, reported a nearly 79% drop in commercial gambling revenues for the second quarter of 2020. (AP Photo/John Locher, File)

Trade group report: Gambling economy hit hard by coronavirus

Aug. 13, 2020 7:49 PM EDT

LAS VEGAS (AP) — The coronavirus and efforts to fight it have hit U.S. casinos and legal gambling businesses hard, leading to a nearly 79% drop in commercial gambling revenue for the second quarter of 2020, the industry's trade association reported Thursday. “COVID-19 has undoubtedly posed the most...

Cisco, Lyft fall; Aspen Technologies, Wesco rise

Aug. 13, 2020 4:26 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday: Cisco Systems Inc., down $5.38 to $42.72. The maker of routers and other computer hardware gave investors a weak fiscal first-quarter financial forecast. Lyft Inc., down $1.64 to $28.88. The pandemic hurt demand and crimped...

FILE - This is a Friday, Jan. 25, 2008 file photo of Carlsberg beer cans at a joint press conference by Heineken and Carlsberg to announce their joint bid to buy UK brewer Scottish & Newcastle (S&N), in London Danish brewer Carlsberg said Thursday, Aug. 13, 2020,  its second quarter net profit dropped 7.3% to 2.9 billion kroner ($458 million) as all its markets were affected “to a greater or lesser extent” by the global coronavirus outbreak. (AP Photo/Sang Tan, File)

Carlsberg sees growth in Asia as other markets decline

Aug. 13, 2020 6:38 AM EDT

COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg said Thursday its second quarter net profit dropped 7.3% to 2.9 billion kroner ($458 million) as all its markets were affected “to a greater or lesser extent” by the global coronavirus outbreak. The Copenhagen-based brewer said it saw "a...

FILE - A Lyft sign is shown at a shared ride pickup location for automobiles Tuesday, March 24, 2020 jn Detroit. Lyft on Wednesday, Aug. 12, 2020 posted a loss of $437.1 million for the second quarter, when the coronavirus outbreak meant few people were looking to use its ride-hailing service. (AP Photo/Paul Sancya, file)

Lyft's 2Q loss $437M as virus spread and riders stayed home

Aug. 12, 2020 6:44 PM EDT

NEW YORK (AP) — Lyft posted a loss of $437.1 million during the second quarter, when the coronavirus outbreak led many people to stay home and few were eager to use its ride-hailing service. The San Francisco-based company's revenue slumped to $339.3 million in the April-June quarter, down 61% from the...

Nautilus, HD Supply rise; Uber, Inovio fall

Aug. 11, 2020 4:23 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: Uber Technologies Inc., down $1.06 to $31.21. A judge ordered the ride-hailing giant and its competitor Lyft to treat their California drivers as employees, not independent contractors. Occidental Petroleum Corp., down $1.32 to...

FILE - In this Aug. 7, 2019, file photo, people walk by a SoftBank shop in Tokyo. Japanese technology conglomerate SoftBank Group Corp. saw its April-June profit rise 12% as its investments added to its coffers, including sales of U.S. carrier T-Mobile shares. (AP Photo/Koji Sasahara, File)

Japan tech giant SoftBank's profits rise on investments

Aug. 11, 2020 5:08 AM EDT

TOKYO (AP) — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S. carrier T-Mobile. Tokyo-based SoftBank reported Tuesday a fiscal first quarter profit of 1.2...

FILE - In this Tuesday, April 30, 2013, file photo, a man works on a new Marriott sign in front of the former Peabody Hotel in Little Rock, Ark. Marriott says its business is steadily improving, Monday, Aug. 10, 2020, with 91% of its hotels now reopen and business travel reemerging in China.  (AP Photo/Danny Johnston, File)

Marriott recovering in China, Royal Caribbean posts loss

Aug. 10, 2020 4:43 PM EDT

On land and sea, the travel industry is hurting but holding out hope for a recovery. Marriott said Monday it has reopened most of its hotels around the world, helped by a rebound in business travel in China. The average occupancy at its hotels is also improving, although still at depressed levels. The hotel...

FILE - In this Tuesday, April 30, 2013, file photo, a man works on a new Marriott sign in front of the former Peabody Hotel in Little Rock, Ark. Marriott says its business is steadily improving, Monday, Aug. 10, 2020, with 91% of its hotels now reopen and business travel reemerging in China.  (AP Photo/Danny Johnston, File)

China business travel returns for Marriott, revenue tumbles

Aug. 10, 2020 7:49 AM EDT

Marriott has reopened 91% of its hotels globally as business travel reemerges in China and worldwide occupancy, which tumbled to 11% in April, reached 34%. The company reported quarterly profits on Monday that fell far short of expectations, however, and revenue plunged. Shares dipped about 3% before the...

This Week: Consumer prices, Tapestry earns, retail sales

Aug. 10, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HIGHER PRICES SEEN Economists project that consumer prices rose last month from a year earlier. The Labor Department’s consumer price index, due out Wednesday, is projected to show a gain of 0.7% for July. That would...