Earnings

A Tyson Fresh Meats plant employee leaves the plant on Thursday, April 23, 2020, in Logansport, Indiana. Darron Cummings | AP Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year earlier, as production disruptions weighed on its results.  The company also said that it has secured a $1.5 billion

Apple now has $192.8 billion cash on hand, according to the company’s fiscal second-quarter earnings report released Thursday.  That’s down 7.4% from its fiscal first quarter of 2020, when the company reported a $207.06 billion cash pile. Apple has continuously hosted one of the largest cash piles among U.S. companies, but is facing pressure from the Covid-19 pandemic.  

Apple shares were down more than 1% during extended trading on Thursday after the company reported a slight increase in second-quarter revenue to $58.3 billion, during a period in which supply and demand for Apple’s products was negatively affected by the Covid-19 pandemic. Here’s how Apple did: EPS: $2.55 per share, adjusted Revenue: $58.3 billion iPhone revenue: $28.96

Visa on Thursday decided to pull its full-year outlook on rising unemployment numbers and more people conserving cash during the Covid-19 pandemic even while posting a second-quarter profit that rose 4%. In January, the world’s No. 1 payments processor forecast revenue growth in the low-double digits for the full year. “Our prior outlook for fiscal

A research associate performs a buffer exchange for protein formulation at AMGEN, a drug research and development laboratory. Ricardo Dearatanha | Los Angeles Times | Getty Images Amgen on Thursday reported better-than-expected first-quarter results and said it plans to study psoriasis drug Otezla as a potential treatment for Covid-19, the respiratory disease caused by the

Family Dollar Store, anti-bacterial wipes and cleaning products. Jeff Greenberg | Getty Images Clorox on Friday reported that its fiscal-third quarter sales climbed 15% as consumer demand for its cleaning products soared in response to the coronavirus pandemic. The company also raised its fiscal 2020 forecast.  Shares of the company rose 3% in premarket trading.

Chevron warned Friday in its quarterly earnings report that results will remain depressed as long as oil prices remain low, and said that it was further cutting its 2020 capital spending plan. For the first quarter Chevron reported EPS of $1.93, which included $660 million in one-time favorable items, and $31.5 billion in revenue, helped by downstream

Popeyes Chicken Sandwich Source: Popeyes Louisiana Kitchen Restaurant Brands said on Friday comparable sales at its Popeyes fast-food chain surged 26.2%, surpassing Wall Street expectations, powered by demand for its popular chicken sandwiches. Still, the company’s quarterly total revenue fell 3% to $1.23 billion for the first quarter ended March 31, as stay-at-home orders due

Amazon reported its first-quarter earnings after the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what Amazon reported: Earnings per share (EPS): $5.01 Revenue: $75.45 billion

A United Airlines plane prepares to take off at the Benito Juarez International airport in Mexico City, on March 20, 2020. Pedro Pardo | AFP | Getty Images United Airlines Thursday posted its biggest quarterly loss since 2008 and expects to burn an average of $40 million to $45 million a day in the second quarter as

Workers board a Coach store on Michigan Avenue in Chicago, Illinois, U.S., on Friday, April 3, 2020. Christopher Dilts | Bloomberg | Getty Images Coach owner Tapestry reported Thursday a nearly 20% drop in quarterly sales, as the coronavirus pandemic forced 90% of its stores either shut or to operate on reduced hours during the period. 

Microsoft CEO Satya Nadella Tobias Schwarz | AFP | Getty Images Microsoft shares rose as much as 3% in extended trading on Wednesday after the company reported fiscal third-quarter sales growth of 15%, fueled by its cloud business. The company said in a statement that the coronavirus “had minimal net impact on the total company

Elon Musk, chief executive officer of Tesla Inc., speaks during a ceremony at the company’s Gigafactory in Shanghai, China, on Tuesday, Jan. 7, 2020. Qilai Shen | Bloomberg | Getty Images Tesla reported first-quarter earnings on Wednesday.  Here’s how the company did:  Earnings per share (EPS): $1.24 per share, ex-items Revenue: $5.99 billion Wall Street

An employee works near a Boeing 737 Max aircraft at Boeing’s 737 Max production facility in Renton, Washington, U.S. December 16, 2019. Lindsey Wasson | Reuters Boeing is scheduled to report first-quarter earnings before the market opens on Wednesday, as the company faces both coronavirus and the more than yearlong grounding of its best-selling plane, the

Alphabet shares rose as much as 7% in extended trading on Tuesday after the company reported earnings for the first quarter. Here’s how the company did: Earnings: $9.87 per share, adjusted Revenue: $41.16 billion Cloud revenue: $2.78 billion YouTube advertising revenue: $4.04 billion Traffic acquisition costs: $7.45 billion Alphabet’s revenue growth rate slowed to 13%

Starbucks on Tuesday said that its fiscal second-quarter global same-store sales fell 10% as the coronavirus hit sales in its two largest markets, the United States and China. The company also warned that its fiscal third-quarter results will take an even bigger hit from the pandemic, even as sales in China begin to recover.  Shares of

A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, March 26, 2019. Mike Blake | Reuters Southwest Airlines on Tuesday posted its first quarterly loss since 2011 and predicted “no material improvement in air travel trends” this spring as coronavirus devastates demand. The Dallas-based airline

Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters Gap Inc. said Thursday that its existing cash and the cash it expects to bring in might not be enough to

Intel CEO Robert “Bob” Swan announces the company’s Tiger Lake chips at the technology fair CES. Christoph Dernbach | picture alliance | Getty Images Intel shares fell as much as 6% in extended trading on Thursday after the company reported earnings for its fiscal first quarter. Here are the key numbers: Earnings: $1.45 per share, adjusted

Source: American Express Credit card issuer American Express posted a 76% drop in first-quarter profit on Friday, as it set aside $2.6 billion to cover potential losses stemming from the coronavirus outbreak. The pandemic has hammered the global economy, pushing companies to layoff employees by the millions. That, in turn, could weigh on credit card