Earnings

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
0 Comments
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.
0 Comments
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
0 Comments
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
0 Comments
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,
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments