Several 2002 Toyota Camrys are visible at Bredemann Toyota August 8, 2002 in Park Ridge, Illinois. Tim Boyle | Getty Images News | Getty Images Toyota Motor forecast lower growth in operating profit for the current year on an expected drop in revenue and weaker vehicle sales in Japan and North America, underscoring the hard
Earnings
A woman talks on a mobile phone as she walks past a Sprint Corp. store in Palo Alto, California. Kevin Winter | Getty Images Sprint on Tuesday reported deeper losses than feared of monthly phone subscribers despite discount offerings, raising concerns that the wireless carrier may not be sustainable if its pending merger with T-Mobile
Getty Images Wendy’s reported better-than-expected quarterly revenue and profit on Wednesday, as the U.S. burger chain benefited from higher royalty fees and the launch of its premium burgers that come with avocado, bacon and barbecue chicken. The company refreshed its offerings by introducing ‘Made to Crave’ line of fresh beef burgers that come with ingredients such
In late March, Lyft’s co-founder John Zimmer told CNBC — on the Friday morning when the rideshare firm went public and he earned hundreds of millions of dollars — that the company was “ready to be held accountable” for the fact that it had no history of profits. The market did not wait long. After
The Mallinckrodt Pharmaceuticals sign at the company’s offices in St. Louis. Whitney Curtis | AP Shares of Mallinckrodt Pharmaceuticals seesawed Tuesday morning, swinging up by as much as 16.4% before the markets opened but trading lower after the company reported otherwise strong first-quarter earnings and raised its profit outlook for the year. Mallinckrodt attributed its strong quarterly
Heather Bresch, CEO of Mylan. Adam Jeffery | CNBC Drugmaker Mylan missed Wall Street estimates for quarterly revenue on Tuesday, hurt by restructuring at its Morgantown plant in West Virginia and a stronger dollar, sending its shares down 4.5%. Revenue from its North America business fell 6% to $922.9 million and missed estimates of $952.43
Joseph Papa Scott Mlyn | CNBC Shares of Bausch Health, formerly known as Valeant Pharmaceuticals, jumped as much as 3% in premarket trading Monday after the company raised its 2019 outlook. The drugmaker raised its full-year revenues from between $8.3 billion and $8.50 billion to a range of $8.35 billion and $8.55 billion. It raised
Bottles of Heinz Kraft Co. Heinz brand Tomato Ketchup and Yellow Mustard are arranged for a photograph in Dobbs Ferry, New York, on Wednesday, Feb. 20, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images Kraft Heinz said in a filing Monday it will restate its financial statements for 2016 and 2017 by $181 million, after
Square stock dropped more than 5% in extended trading Wednesday after the company reported weaker-than-expected gross payment volume and guidance for the upcoming quarter. The payments processor beat analysts’ estimates on earnings and revenue. Here’s how the company performed in the first quarter compared with what Wall Street was expecting: Adjusted earnings: 11 cents per
Weight Watchers International Inc. food products. Michael Nagle | Bloomberg | Getty Images Weight Watchers on Thursday reported first-quarter mixed first-quarter results and boosted its full-year forecast. Shares of the company rose 5% after the markets closed. They’ve slid nearly 48%so far this year. Here’s what the company reported compared with what Wall Street was
The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering on April 1, 2015 in New York City. Getty Images Web hosting company GoDaddy reported first-quarter profit below Wall Street expectations on Thursday, weighed down by persistent rising costs and slower customer growth, sending
New York City on August 6, 2018. ANGELA WEISS | AFP | Getty Images CBS sees advertising prices rising for its slate of TV shows in the upcoming fall programming season, executives said, as the TV broadcaster and media company on Thursday reported first-quarter revenue falling short of analysts’ estimates from weaker content licensing and
Kevin Plank, CEO, Under Armour Under Armour on Thursday reported quarterly earnings and sales that topped analysts’ expectations. It reported earnings of 5 cents a share for the first quarter on sales of $1.21 billion. Analysts were calling for Under Armour to break even on a per-share basis, with sales of $1.18 billion, according to
DuPont products are shown for sale in a hardware store in National City, California, December 9, 2015. Mike Blake | Reuters DowDuPont reported a 28% fall in adjusted quarterly profit on Thursday, as floods in the U.S. Midwest and a sluggish growth in auto and smartphone markets hit prices of its specialty and agricultural chemicals,
Pedestrians pass in front of a CVS location in New York. Scott Mlyn | CNBC CVS Health on Wednesday crushed first-quarter expectations and raised its full-year forecast as the company’s newly acquired health insurance business boosted results and its pharmacies filled more expensive prescription drugs. Its stock price jumped 5.7% in premarket trading. Here’s what
Greg Creed, CEO, Yum Brands Scott Mlyn | CNBC Yum Brands on Wednesday reported quarterly earnings that beat analysts’ expectations. Shares of the company were up less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share:
Apple sales technicians confer in front of Apple product advertisements in the World Trade Center in New York City. Robert Nickelsberg | Getty Images Apple will report earnings for its March quarter Tuesday after the bell. Apple stock has been on a tear. Shares are up 44% since January 3, adding over $290 billion to
General Motors Chairman and CEO Mary Barra announces a $300 million investment in the GM Orion Assembly Plant plant for electric and self-driving vehicles at the Orion Assembly Plant on March 22, 2019 in Lake Orion, Michigan. Bill Pugliano | Getty Images General Motors will report first-quarter earnings before the market opens Tuesday. Here’s what
An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images Shares of pharmaceutical giants Pfizer and Merck rose more than 1% in premarket trading on Tuesday after reporting first-quarter financial results that beat
The silhouettes of attendees are seen at the Google booth during the 2018 Consumer Electronics Show (CES) in Las Vegas, Jan. 11, 2018. David Paul Morris | Bloomberg | Getty Images Alphabet, the parent company of Google, is set to report first-quarter earnings after the bell on Monday. Company executives will discuss the results with