FedEx Corp. stock rallied late Tuesday after the deliveries and logistics company reported better-than-expected adjusted profit and sales in its fiscal fourth quarter, as the surge in online buying amid the coronavirus pandemic offset higher costs and thinner margins. FedEx FDX, +4.21% reported a loss of $334 million, or $1.28Read More →
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them. Zoom ZM, +13.74% will report quarterly earnings TuesdayRead More →
Premier League clubs have agreed to start contact training as preparations intensify for the resumption of English football. As part of ‘Project Restart,’ players and staff are being tested for coronavirus twice a week, with those testing positive forced to self-isolate for seven days. Earlier this week the Premier LeagueRead More →
Retailers will reveal more about the holiday-shopping season in the coming week, with the end of the earnings recession in sight. Home Depot Inc. HD, -0.68% is the lone Dow Jones Industrial Average DJIA, -0.78% component on the docket, and will be joined by plenty of other retailers that willRead More →
Democratic presidential hopefuls Joe Biden and Michael Bloomberg could be viewed as winners of the Iowa caucuses debacle, analysts said Tuesday, as the state’s party officials promised to release most of the delayed results by 5 p.m. Eastern Time. The results were delayed Monday night by a problematic app andRead More →
Getty Images Pete Buttigieg all-but declared victory in the Iowa caucuses, despite the lack of results, saying ‘by all indications, we are going on to New Hampshire victorious.’ Results from Iowa’s Democratic presidential caucuses were delayed Monday night by what officials called “quality checks” related to new reporting rules, inRead More →
No doubt investors are ready to push Apple shares higher Wednesday after record results, but some analysts appeared divided as to how much further this will juice the stock. Apple shares AAPL, +2.83% rallied late Tuesday after the consumer technology giant reported the second-best quarter ever for iPhone sales, pushingRead More →
© Reuters. Qualcomm Earnings, Revenue Beat in Q4 Investing.com – Qualcomm (NASDAQ:) reported fourth-quarter results that topped forecasts. The chipmaker also said appointed Akash Palkhiwala as chief financial officer on a permanent basis. The firm reported earnings per share (EPS) of $0.78 on revenue of $4.81 billion. Analysts polled byRead More →
Third-quarter earnings season was supposed to be a tough stretch for U.S. companies, and while it still appears that earnings-per-share, or EPS, for America’s largest public companies will decline year-over-year during the three-month period, reported results are coming in much better than feared. Through a combination of expectations management, shareRead More →
© Reuters. Traders work on the floor at the NYSE in New York (Reuters) – U.S. stocks opened slightly higher on Thursday after strong quarterly reports from Apple (NASDAQ:) and Facebook (NASDAQ:) but uncertainty around a potential trade deal between the United States and China capped gains. The Dow JonesRead More →
Downbeat results from bank HSBC Holdings cast a pall over European stocks on Monday, as equities on the continent retreated from multi-month highs. After finishing Friday at its highest level since January 29, 2018, the Stoxx Europe 600 SXXP, -0.11% declined 0.13% to 397.48. The German DAX DAX, +0.24% roseRead More →
© Reuters. Traders work on the floor at the NYSE in New York (Reuters) – U.S. stocks opened higher on Thursday, as solid results from Microsoft (NASDAQ:), Lam Research (NASDAQ:) and Tesla (NASDAQ:) lifted sentiment. The Dow Jones Industrial Average () rose 59.98 points, or 0.22%, at the open toRead More →
By Medha Singh (Reuters) – U.S. stock index futures rose 1% on Friday, as hopes of more stimulus from central banks helped lift some gloom in what has been a turbulent week for markets. The three main Wall Street indexes are on track for their third week of decline, afterRead More →
By Medha Singh (Reuters) – U.S. stock futures extended last week’s gains to trade slightly higher on Monday in the run up to the start of second-quarter earnings reports, beginning with Citigroup (NYSE:). Shares of the U.S. lender were up 0.7% in premarket trade. It will report results at aroundRead More →
This was expected to be a slow week for corporate earnings after a long holiday weekend. Uber Technologies Inc. UBER, +2.57% decided to shake things up, though. The ride-hailing service announced just a week ahead of time that it expects to report quarterly earnings for the first time since itsRead More →
© Reuters. FILE PHOTO: The Nordstrom store is pictured in Broomfield (Reuters) – Department store operator Nordstrom Inc (NYSE:) on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a new loyalty program and slowRead More →
U.S. stocks rose modestly Wednesday morning as investors weighed another round of corporate earnings, with Apple Inc.’s better-than-expected results helping put the S&P 500 on track for a fourth straight record close. Investors are also awaiting the outcome of a Federal Open Market Committee meeting and news conference with FederalRead More →
© Reuters. FILE PHOTO: Traders work on the floor at the NYSE in New York By Caroline Valetkevitch NEW YORK (Reuters) – The initial earnings results of this reporting period are beating expectations by a wide margin, suggesting to some investors that the S&P 500 may be able to avoidRead More →
U.S. stock-index futures were treading water Monday, ahead of earnings from Goldman Sachs Group Inc. and Citigroup Inc., which investors were hoping would provide some direction for equities at the start of the week. How are benchmarks faring? Dow Jones Industrial Average futures YMM9, +0.15% rose 36 points to 26,443,Read More →
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York By Stephen Culp NEW YORK (Reuters) – Investors will focus on falling profits, a more dovish Federal Reserve and lower interest rates as major U.S. banks kickRead More →
Dick’s Sporting Goods Inc.’s fourth-quarter results were dinged by struggles with the Under Armour Inc. brand and the hunting category, according to executives who spoke on the Tuesday earnings call. The sporting goods retailer’s stock plunged 11% in very active trade Tuesday, enough to pace the S&P Mid Cap 400Read More →
© Reuters. FILE PHOTO: United States one dollar bills seen on a light table at the Bureau of Engraving and Printing in Washington NEW YORK (Reuters) – The negative effect of currency fluctuations on North American companies’ results in the third quarter of 2018 was the most in 10 quarters,Read More →
Advanced Micro Devices Inc. — and Chief Executive Lisa Su — demonstrated on Tuesday how far they have come in winning credibility on Wall Street, for a company that deservedly lacked that trust for many years. AMD AMD, -4.61% reported fourth-quarter revenue and a first-quarter outlook that was slightly belowRead More →
© Reuters. Investing.com – IBM (NYSE:) reported fourth-quarter that beat analysts’ expectations on Tuesday and revenue that topped forecasts, sending shares higher after hours. The tech giant reported earnings per share of $4.87 on revenue of $21.76 billion. Analysts polled by Investing.com expected EPS of $4.82 on revenue of $21.75Read More →
© Reuters. A worker shelters from the rain as he passes the London Stock Exchange in London By Josephine Mason, Helen Reid and Danilo Masoni LONDON (Reuters) – Investors are bracing for more wild swings in European stocks as the upcoming earnings season tests whether fears about slowing economic andRead More →
