Latest Earnings reports News

Carnival shares cruise higher on gains in revenue, bookings

Jun. 24, 2022 19:20 PM EDT

MIAMI (AP) — Long-battered shares of Carnival Corp. jumped more than 12% Friday as the cruise line owner reported a big increase in revenue, occupancy levels, and bookings for future trips. However, the company posted a $1.83 billion second-quarter loss and said the effects of the...

Stocks rally, driving Wall Street to a rare winning week

Jun. 24, 2022 16:48 PM EDT

Stocks racked up more gains on Wall Street Friday, as the S&P 500 had its best day in two years and just its second winning week in the last 12 to provide a bit of relief from the market's brutal sell-off this year. The benchmark index rose 3.1%, with technology and banks leading...

Wells Fargo, Carnival rise; CalAmp, Lending Tree fall

Jun. 24, 2022 16:45 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Wells Fargo & Co., up $2.86 to $40.76. All the nation's largest banks passed “stress tests” to determine whether they can withstand a severe economic downturn. ...

Union: Strike could cost 4 Atlantic City casinos $2.6M a day

Jun. 24, 2022 13:21 PM EDT

ATLANTIC CITY, N.J. (AP) — A week before it could walk out on strike against numerous Atlantic City casinos, the resort's main casino workers union warned that a strike could cost four casinos a total of $2.6 million a day in losses. Local 54 of the Unite Here union issued a report...

Mosaic, Bank of America fall; KB Home, Rite Aid rise

Jun. 23, 2022 16:25 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: KB Home, up $2.26 to $28.49. The homebuilder's second-quarter financial results beat analysts' forecasts. Worthington Industries Inc., up $3.67 to $44.08. ...

This Week: Powell testimony, FedEx results, May home sales

Jun. 20, 2022 00:19 AM EDT

A look at some of the key business events and economic indicators upcoming this week: Powell testimony Federal Reserve Chair Jerome Powell will testify before Congress on Wednesday and Thursday to give his regular, semi-annual updates on monetary policy. The Fed has...

This Week: Oracle, Kroger results; Jobless claims

Jun. 13, 2022 01:02 AM EDT

A look at some of the key business events and economic indicators upcoming this week: Oracle 4Q Software giant Oracle is expected to report Monday lower earnings in its fiscal fourth quarter. Analysts surveyed by FactSet forecast the owner of the Java development...

DocuSign, Stitch Fix fall; Newmont, Kellogg rise

Jun. 10, 2022 16:32 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: DocuSign Inc., down $21.43 to $65.93. The provider of electronic signature technology reported weak first-quarter earnings. Microsoft Corp., down $11.80 to $252.99. ...

Senators urge CNH Industrial to offer striking workers more

Jun. 08, 2022 18:42 PM EDT

A group of U.S. senators led by Vermont independent Bernie Sanders is lending its support to workers at two CNH Industrial plants who have been on strike for better pay and benefits for more than a month. The group, which was also led by Wisconsin Sen. Tammy Baldwin and includes...

Kohl's, JM Smucker rise; Target, Encompass fall

Jun. 07, 2022 16:23 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Target Corp., down $3.69 to $155.98. The retailer is canceling orders from suppliers and slashing prices as consumers shift spending from goods to services. Kohl's...