Twitter posted earnings that beat analyst estimates on the top and bottom lines Friday, helping to boost share prices by about 9%. The rally added more than $2 billion to Twitter’s market cap, bringing it around $32 billion. Here are the key numbers Twitter reported for its second quarter of 2019: Earnings per share: 20
Earnings
McDonald’s worker prepares french fries to go. Getty Images McDonald’s will be reporting earnings before the bell Friday. The company’s stock, which has a market value of more than $165 billion, is up 20% so far this year. Here’s what Wall Street is expecting, according to analysts surveyed by Refinitiv: Earnings per share: $2.05 expected
Starbucks raised its full-year earnings and revenue forecast Thursday after more customers returned to cafes in the U.S. and China for pricier drinks. Shares of the company jumped 5.8% in extended trading. The coffee chain’s stock, which has a market value of $110.2 billion, is up 41% so far this year. “Our two targeted long-term growth markets,
Ruth Porat, Alphabet CFO Adam Galica | CNBC Entering its second-quarter earnings report on Thursday, Alphabet’s in a bit of a slump. The stock has dropped almost 10% in the past three months, leaving it up only about 9% for the year, dramatically underperforming its mega-cap tech peers and the benchmark S&P 500, which is
Michael Roman, CEO, 3M Scott Mlyn | CNBC U.S. manufacturing conglomerate 3M on Thursday reported a 39.3% fall in quarterly profit, hurt by a global slowdown in economic growth. Net income attributable to 3M fell to $1.13 billion, or $1.92 per share, in the second quarter ended June 30, from $1.86 billion, or $3.07 per share,
Vans sneakers on beach Source: Vans VF Corp.’s quarterly revenue beat Wall Street expectations on Wednesday, helped by higher demand for its Vans sneakers and the North Face brand. Net revenue rose 6.3% to $2.27 billion in the first quarter, beating analysts’ estimate of $2.24 billion, according to IBES data from Refinitiv. Net income fell
Shares of Caterpillar plunged after the company posted disappointing second-quarter results as higher material costs including tariffs and lower demand in China made a dent in its profit. Caterpillar earned $2.83 per share in the second quarter, versus consensus estimate of $3.12 per share, according to Refinitiv. Revenue also disappointed with $14.432 billion reported compared
Robert Neely prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas, U.S., on Tuesday, June 16, 2009. Texas Instruments Inc., the second-largest U.S. semiconductor maker, reported sales and profit that beat analysts’ estimates on stronger demand for chips used in mobile phones and
After raising its revenue forecast Tuesday, Coca-Cola is feeling positive heading into the second half of 2019 as concerns about economic uncertainty wane. “We saw some clouds on the horizon, too,” CEO James Quincey said on CNBC’s “Squawk on the Street. ” “But the storm never arrived, so by sticking to our plan, by executing
A JetBlue Airways Corp. Airbus A321 plane sits at a gate outside of Terminal 5 at John F. Kennedy International Airport (JFK) in New York, U.S., on Wednesday, July 12, 2017. Jetblue Airways Corp. is scheduled to release earnings figures on July 25. Photographer: Mark Kauzlarich/Bloomberg via Getty Images Mark Kauzlarich | Bloomberg | Getty
Microsoft CEO Satya Nadella speaks at the Digital-Life-Design conference in Munich, Germany, on January 16, 2017. Tobias Hase | dpa | Getty Images Microsoft stock rose after the company released better-than-expected earnings results for the fourth quarter of its 2019 fiscal year. Here are the key numbers: Earnings: $1.37 per share, excluding certain items, vs.
George Kurtz, co-founder and chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Shares of CrowdStrike climbed as much as 7% on Thursday after the cybersecurity company reported earnings for the first time since its IPO. Here are the results: Loss
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Chewy said on Thursday it generated $1.1 billion in sales in its first quarter, recording a net loss of $29.6
Workers stand near Boeing 737 MAX airplanes as they sit parked at a Boeing facility adjacent to King County International Airport, known as Boeing Field, on May 31, 2019 in Seattle, Washington. David Ryder | Getty Images Boeing on Thursday said it will take a $4.9 billion charge to the second quarter due to the
Larry Fink Anjali Sundaram | CNBC BlackRock, the world’s largest asset manager, missed analysts’ estimates for quarterly profit on Friday, as investment advisory and securities lending revenue fell and costs rose. Its institutional funds added $87.36 billion in the second quarter, up from $29.12 billion in the first quarter. Investors poured more money into BlackRock’s actively
Getty Images Credit card issuer American Express beat analysts’ estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by its customers. Customer spending rose 7% in the United States, the company’s biggest market, and 5% globally in the second quarter. U.S. consumer spending increased in May and April. Debit and credit card
UnitedHealthcare office Michael Nagle | Bloomberg | Getty Images UnitedHealth reported a 12.7% rise in second-quarter profit on Thursday, as the company added more members to its health plans and revenue climbed in its Optum unit, which includes its pharmacy benefit management business. Net earnings attributable to shareholders rose to $3.29 billion, or $3.42 per share,
James Gorman, chief executive of Morgan Stanley. Qilai Shen | Bloomberg | Getty Images Morgan Stanley is set to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.14 a share, 12% lower than a year earlier, according to Refinitiv Revenue: $9.99 billion, 5.8% lower than a year earlier
A man smokes with the electronic tobacco heater IQOS (I quit ordinary smoking) of the tobacco company Philip Morris. Sebastian Kahnert | picture alliance | Getty Images Philip Morris International beat second-quarter earnings and revenue estimates while hiking its full-year forecast as its new tobacco products gain momentum. The tobacco giant is trying to pivot
David Solomon, Goldman Sachs Andrew Harrer | Bloomberg | Getty Images Goldman Sachs is scheduled to report second-quarter earnings before the market opens Tuesday. Here’s what Wall Street expects: Earnings: $4.89 per share, forecast by Refinitiv Revenue: $88.828 billion, forecast by Refinitiv Goldman posted first-quarter revenue below Wall Street estimates as executives cited tougher market
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