Tesla Inc. shares continued their late-session rally Thursday, as some analysts weighing in on its third-quarter surprise profit waxed lyrical in their evaluation of the numbers. Wedbush bull Daniel Ives said the Silicon Valley electric car maker TSLA, +14.95% had delivered a “Picasso-like quarter” which was potentially “game changing” withRead More →
(Reuters) – Industrial bellwether Caterpillar Inc (N:) fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in China. The results, the latest hint of the deepeningRead More →
Gildan Gildan was downgraded at Stifel after the profit warning Gildan Activewear Inc. stock plummeted 25.7% in Friday trading after the apparel company issued a profit warning and cut its guidance, but CFRA’s Camilla Yanushevsky says investors aren’t seeing the full picture. It was the biggest percentage decline since DecemberRead More →
© Reuters. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York (Reuters) – Morgan Stanley (N:) beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees, sending its shares up 4% in premarket trading. The results wrappedRead More →
© Reuters. FILE PHOTO: People withdraw money from Bank of America ATMs in New York By Anirban Sen and Imani Moise (Reuters) – Bank of America Corp (N:) beat Wall Street estimates for quarterly profit on Wednesday as it earned more in advisory fees and its loan book expanded, easingRead More →
Americans are working hard, but employers aren’t necessarily working for them. Now a radical idea to guarantee U.S. workers a cut of their company’s profits could one day force employers to cough up more of the wealth. While established profit-sharing and equity-ownership programs already give a financial boost to manyRead More →
© Reuters. Investing.com – Apple (NASDAQ:) shares cut some losses Friday after the tech giant rejected Goldman Sachs’ warning that the introduction of Apple TV+ would hurt its bottom line. – Apple said it does not expect the introduction of Apple TV+, including the accounting treatment for the service, toRead More →
Aurora Cannabis Inc. is expected to report fiscal fourth-quarter earnings Wednesday after the closing bell. The company says it will host a conference call at 9 a.m. Eastern time Thursday. What to expect Earnings: Analysts expect adjusted earnings per share of C$0.05 and unadjusted earnings of C$0.06, according to Bloomberg.Read More →
Ulta Beauty Inc. shares slid 29% Friday, putting them on track for their biggest ever one-day percentage decline, after the beauty products retailer warned that sales headwinds would dent future earnings. The move weighed on other cosmetics stocks with e.l.f. Beauty Inc. ELF, -2.57% down 4.3% and Estée Lauder Cos.Read More →
(Reuters) – Target Corp (N:) beat Wall Street estimates for quarterly same-store sales on Wednesday, as the big box retailer benefited from higher online sales and an increase in shoppers at its stores, sending shares up 5% in pre-market trading. The company also raised its full-year adjusted profit forecast betweenRead More →
© Reuters. Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune’s Most Powerful Women’s Summit in Washington By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc (N:) on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, aRead More →
As Friday’s trading session drew to a close, rumors began to swirl about Canadian licensed cannabis producers circling the damaged assets of CannTrust Holdings Inc. With ongoing investigations by the Ontario Securities Commission, Health Canada, and the country’s criminal investigative unit, the Royal Canadian Mounted Police, weed companies are bettingRead More →
© Reuters. FILE PHOTO: Logos of ExxonMobil are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba (Reuters) – Exxon Mobil Corp (N:) reported a 21% drop in quarterly profit on Friday, hit by weaker prices and higher maintenance costs. The largest U.S.Read More →
By Nick Carey and Ben Klayman DETROIT (Reuters) – General Motors Co (N:) posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast. GM shares gained 3.3% to over aRead More →
© Reuters. Pickup trucks drive GM second quarter profit beat despite sales drop By Nick Carey and Ben Klayman DETROIT (Reuters) – General Motors Co (N:) posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China,Read More →
ZURICH (Reuters) – Credit Suisse (S:) on Wednesday posted its highest quarterly earnings in four years, confirming its 2019 profitability target after second-quarter earnings jumped 45%. Switzerland’s second-biggest bank confirmed its ambitions this year to reach 10-11 percent return on tangible equity (RoTE), a metric measuring profit as a percentageRead More →
(Reuters) – European shares were little changed in early trade on Friday, as investors parsed through China trade data that came in at market open, an indicator of global economic growth, while a profit warning from Daimler knocked down auto stocks. China’s yuan-denominated exports rose 6.1% in the first halfRead More →
(Reuters) – Delta Air Lines Inc (N:) reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller planes. Supply constraint due to the extended grounding of the Boeing (NYSE:) 737 MAX planes is expected to help U.S. airlines thatRead More →
© Reuters. FILE PHOTO: Lufthansa planes at Fraport airport FRANKFURT (Reuters) – German carrier Lufthansa on Monday said it would start pegging its dividend payout ratio to net profit in the future, adding this would give the group, which issued a profit warning a week ago, more flexibility. Lufthansa saidRead More →
© Reuters. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin FRANKFURT (Reuters) – Daimler has cut its earnings outlook for this year after lifting provisions for issues related to diesel vehicles by “a high three-digit million euro amount”, the carmaker said on Sunday. Group earningsRead More →
© Reuters. A Federal Express delivery truck is shown in downtown Los Angeles LOS ANGELES (Reuters) – FedEx Corp (NYSE:) said on Thursday it will begin offering Sunday residential delivery and handoff fewer e-commerce packages to the U.S. Postal Service, as it works to bolster service and wring more profitsRead More →
© Reuters. Illustration photo of a Lenovo logo By Sijia Jiang HONG KONG (Reuters) – China’s Lenovo Group reported a more than three-fold increase in its quarterly profit as strong computer sales helped the world’s largest personal computer (PC) maker to beat market expectations. Lenovo’s net profit in the quarterRead More →
© Reuters. FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen By Sijia Jiang HONG KONG (Reuters) – Tencent Holdings Ltd posted record quarterly profit on Wednesday, smashing market expectations, as the social media and gaming giant booked a rise in the value ofRead More →
© Reuters. FILE PHOTO: The Viacom logo is displayed on the doors of a building in midtown Manhattan in New York (Reuters) – Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, beat quarterly profit estimates on Friday, as costs fell and its Paramount Pictures division gained from theRead More →
© Reuters. FILE PHOTO: A Pandora store, the international Danish jewellery manufacturer and retailer, is seen in Paris COPENHAGEN (Reuters) – Pandora will lay off another 1,200 workers in Thailand as new CEO Alexander Lacik looks to turn around the jewelry maker after another fall in like-for-like quarterly sales. “TheRead More →
