Apple reported a historically strong quarter on Thursday, including $59.7 billion in revenue and double-digit growth in its products and services segments, blowing away analyst estimates in a period deeply impacted by the coronavirus pandemic. The company also announced it plans to give investors three additional shares of Apple per share they own at the end of August as
Earnings
Brian Roberts, chief executive officer of Comcast, arrives for the annual Allen & Company Sun Valley Conference, July 9, 2019 in Sun Valley, Idaho. Drew Angerer | Getty Images Comcast reported its second-quarter earnings before the bell on Thursday, beating analyst estimates on the top and bottom lines. This is the first earnings report since
Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. David Ryder | Getty Images Boeing is scheduled to report second-quarter results before the market opens on Wednesday as the coronavirus pandemic continues to hurt demand for new aircraft and its
General Motors Chairman and CEO Mary Barra on April 1, 2020 tours one of the company’s facilities in Warren, Michigan that will produce Level 1 face masks. GM General Motors is set to report its second-quarter earnings before the bell on Wednesday as the automaker attempts to recover from the coronavirus pandemic that’s shuttered factories
Spotify said on Wednesday music streaming demand had rebounded from the coronavirus-related weakness it saw at the start of the quarter and its paid subscribers reached 138 million, ahead of Wall Street estimates. Premium subscribers, which accounts for most of the company’s revenue, were up 27% from a year earlier. Analysts on average were expecting the
Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD shares rose as much as 10% in extended trading on Tuesday after the company upgraded its revenue guidance for the current year as part of its second-quarter earnings results. Here’s how the company did: Earnings: 13 cents per share, adjusted, vs. 16 cents per share as
A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA. Tim Rue | Bloomberg | Getty Images JetBlue Airways on Tuesday said it swung to a loss in the second quarter and forecast that revenue will fall by about 80% in the third quarter as the coronavirus pandemic promises a choppy recovery
The Pfizer world headquarters stands in Midtown Manhattan in New York City. Drew Angerer | Getty Images Shares of pharmaceutical giant Pfizer rose in premarketing trading Tuesday after it reported better-than-expected second-quarter earnings and raised its outlook for 2020, despite a 32% drop in profit as demand fell for some of its drugs during the
The board game Monopoly by toymaker Hasbro at a toy store in New York City. Getty Images Store closures, product shortages and lower retail inventory hampered Hasbro in the second quarter, as the company dealt with the fallout of the global coronavirus pandemic. Despite strong demand for toys in the quarter, Hasbro’s revenue fell 29%
Tesla just reported its second-quarter results. Shares rose more than 4% after hours as the company beat expectations and reported its fourth straight quarter of profits. Here’s how Elon Musk’s electric car and renewable energy business did versus analysts’ expectations, according to estimates compiled by Refinitiv. Earnings: $2.18 (ex-items) vs. 3 cents per share, expected. Revenue: $6.04
A Surgutneftegas worker near pumpjacks in Surgut Region of the Khanty-Mansi Autonomous Area – Yugra, in the West Siberian petroleum basin. Alexei Andronov | TASS via Getty Images Oil and gas majors are likely to report “horrendous” second-quarter results over the next two weeks, energy analysts have told CNBC, with the three-month period through to
Dow Inc. on Thursday laid out additional cost-cutting plans, including laying off about 6% of its workforce, as the chemicals maker expects “gradual and uneven” recovery in demand and prices from the coronavirus-induced slump. The company, which makes chemicals used in industries ranging from plastics, paints and building materials, also posted a smaller-than-expected second-quarter loss,
Jets are parked on runway 28 at the Pittsburgh International Airport on March 27, 2020 in Pittsburgh, Pennsylvania. Jeff Swensen | Getty Imageas American Airlines posted a net loss of $2.1 billion in the second quarter, the latest carrier to outline the financial damage to travel demand from the coronavirus pandemic. American carrier has added more
Pedestrians walk outside an E*Trade Financial office in New York, U.S. Daniel Acker | Bloomberg | Getty Images E-Trade’s trading activity and new accounts surged in the second quarter amid a boom in retail investing that started during the coronavirus market turmoil. The broker — slated to be acquired by Morgan Stanley in the second half
Intel shares fell as much as 10% in extended trading on Thursday after the company reported better-than-expected second-quarter earnings and said next-generation chips would come out later than it had expected. Here’s how the company did: Earnings: $1.23 per share, adjusted, vs. $1.11 per share as expected by analysts, according to Refinitiv. Revenue: $19.73 billion,
(L-R) TNT, TBS, truTV, HBO & HBO Max Content Acquisition EVP Michael Quigley, HBO Max CCO and TNT, TBS, & truTV President Kevin Reilly and HBO Max Head of Original Content Sarah Aubrey appear onstage during the HBO Max executive session segment of the 2020 Winter Television Critics Association Press Tour at The Langham Huntington,
Twitter CEO Jack Dorsey is seated prior to testifying before a Senate Intelligence Committee hearing on foreign influence operations on social media platforms on Capitol Hill in Washington, September 5, 2018. Joshua Roberts | Reuters Twitter reported second-quarter earnings Thursday that missed analyst expectations on revenue and beat on active users. The report comes one
An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as dining room closures hit business and dented operating margins. But many customers moved to order
Satya Nadella, chief executive officer of Microsoft Corp., listens during an interview on The David Rubenstein Show in New York on Sept. 27, 2017. Christopher Goodney | Bloomberg | Getty Images Microsoft will report its fiscal fourth-quarter earnings after market close on Wednesday. Here are Wall Street’s expectations for Microsoft: Earnings: $1.34 per share, adjusted, as
A near empty parking lot in front of a Best Buy store in Montebello, California on April 15, 2020 as the electronics nationwide chain store remains closed to customers but open for pickups. Frederic J. Brown | AFP | Getty Images Best Buy said on Tuesday its quarter-to-date sales rose about 2.5%, driven by a
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