Earnings

Coca-Cola CEO James Quincey told CNBC on Wednesday the company is seeing cost pressures in part due to President Donald Trump‘s tariffs on steel and aluminum. “We had to take with our bottling partners an increase [in prices] in our sparkling beverage industry in the middle of the year, which is relatively uncommon,” Quincey said
0 Comments
Coca-Cola on Wednesday reported second-quarter earnings and revenue that beat analysts’ expectations, boosted by its efforts to globalize more of its brands. During the quarter, the company launched its dairy-free smoothie brand AdeZ in Europe and debuted Coca-Cola Stevia No Sugar in New Zealand. It also brought its revamped Diet Coke campaign to Great Britain,
0 Comments
Shares of Whirlpool, the U.S. based washing machine giant who was once in favor of stricter trade controls for its own industry, plummeted after executives blamed rising steel and aluminum costs for diminished quarterly earnings. “Global steel cost has risen substantially and, particularly in the US, they have reached unexplainable levels,” Whirlpool CEO Marc Bitzer
0 Comments
CNBC’s Jim Cramer on Tuesday praised Alphabet‘s earnings results, saying Google’s parent company was “crushing it” in the second quarter. “What I loved about this quarter is you finally got the rationale of why you like this stock,” said Cramer, whose charitable trust owns shares of Alphabet. “They basically explained that we … make a
0 Comments
Mike Fuentes | Bloomberg | Getty Images Lockheed Martin Corp.’s F-35 jet in Fort Worth, Texas. Lockheed Martin raised its 2018 forecast as it reported second-quarter earnings which beat Wall Street expectations. The defense contractor beat analyst estimates on both the top and bottom lines in its quarterly report. Lockheed Martin reported earnings of $4.05
0 Comments
Jamie Schwaberow | Bloomberg | Getty Images A Halliburton worker walks through an Anadarko Petroleum Corp. hydraulic fracking site north of Dacono, Colorado. Oilfield services provider Halliburton’s quarterly revenue rose 24 percent to beat analysts’ estimates on Monday as higher oil prices encouraged U.S. oil and gas producers to put more rigs to work. U.S.
0 Comments
General Electric sees strength in all its businesses excluding power, chief financial officer Jamie Miller told CNBC’s Morgan Brennan after GE reported second-quarter earnings Friday. Miller says the company is very focused on the struggling power business, as order softness has continued in the sector. GE reported profits in its power division fell 58 percent
0 Comments
Apparel maker VF Corp. reported first-quarter revenue and profit that beat Wall Street estimates on Friday and raised its full year earnings forecast, as demand for its high-margin Vans shoes soared. The Greensboro, North Carolina-based company’s total revenue rose 23 percent to $2.79 billion in the quarter ended June 30, beating analysts’ average estimate of
0 Comments
General Electric said second-quarter profit fell 30 percent from last year because of weakness in its power division. GE reaffirmed its financial outlook for the year, saying it continues to expect full-year earnings of $1 to $1.07 per share. GE stock dropped more than 4 percent in trading Friday, closing at $13.12 per share, even
0 Comments
Shares of footwear maker Skechers tumbled more than 25 percent in aftermarket trading on Thursday after the company reported disappointing quarterly results and forecast a weak outlook for the third quarter. The company reported earnings per share of 29 cents, well short of the 41 cents expected by analysts. Revenue of $1.13 billion was up
0 Comments
Microsoft stock fell briefly, rebounded and later surged on guidance on Thursday after the company announced strong earnings for the fourth quarter of its 2018 fiscal year, which ended on June 30. Here’s how the company did: Earnings: $1.13 per share, excluding certain items, vs. 1.08 cents per share as expected by analysts, according to
0 Comments
Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, trimmed its annual revenue and capital spending estimates on bleak demand from smartphone and cryptocurrency mining industries. This is the second time the company has lowered its revenue outlook this year, from an initial forecast for record sales, indicating a continued sluggishness in the crypto-sector amid
0 Comments
Travelers, one of the largest U.S. property insurers, reported a lower-than-expected quarterly profit on Thursday because of costly damage from wind and hail storms that pounded several U.S. regions in recent months, potentially signaling weak results for other insurers. Catastrophe losses, net of reinsurance, rose 21 percent to $488 million in the second quarter, Travelers
0 Comments
Abbott Laboratories raised its full-year earnings forecast and topped estimates for quarterly profit on Wednesday, powered by demand for its glucose monitoring device for diabetics and gains from its multibillion dollar acquisitions. The diversified health-care company’s shares rose as much as 4.3 percent to a record high. Analysts said they did not expect a raise
0 Comments
But United’s sunnier outlook for the year appears to have calmed some investor worries. The airline expects to earn a full-year per-share profit of between $7.25 and $8.75, up from an estimate in April of $7.00 to $8.50. The revenue per each seat United flew a mile in the last quarter, a key measure of
0 Comments
Goldman Sachs said profit surged 40 percent to $2.57 billion in the second quarter, exceeding analysts’ estimates on better-than-expected revenue from every major business with the exception of trading. The stock slipped as the company said legal and regulatory costs increased. Earnings of $5.98 per share beat the $4.66 estimate of analysts surveyed by Thomson
0 Comments
Johnson & Johnson shares dipped Tuesday as investors digested the company’s second-quarter earnings results. The sprawling health company beat revenue and adjusted earnings estimates for the quarter and narrowed its full-year forecast. J&J’s pharmaceutical business and medical device segments topped expectations, while and its consumer unit fell short. “It feels like consumer and (medical devices)
0 Comments
UnitedHealth posted a second-quarter profit that beat Wall Street estimates as it added more members to its health plans, and the company raised its full-year earnings forecast. The largest U.S. health insurer, which added 2.2 million consumers in the quarter, said it now expects adjusted earnings of $12.50 to $12.75 per share in the year,
0 Comments
BlackRock, the largest asset manager in the world, on Monday reported second-quarter earnings and revenue that surpassed analyst expectations. The company also reported, however, a slowdown in inflows amid increasing market uncertainty. Here is how the company’s results fared compared with Wall Street estimates: Earnings: Adjusted $6.66 per share, vs $6.55 expected by Thomson Reuters
0 Comments