Earnings

McDonald’s on Monday reported better-than-expected first-quarter earnings, as menu price increases fueled higher check averages in the U.S. Although McDonald’s has been luring customers with a number of value deals, the larger tickets prove diners aren’t just looking for cheap eats. Global same-store sales were also strong, rising 5.5 percent and topping estimates of 3.7
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CNBC’s Jim Cramer on Friday threw down the gauntlet on Amazon, saying the e-commerce and cloud computing giant’s latest fiscal quarter is the best he’s ever seen and a “new order.” Cramer said he didn’t and won’t qualify that statement. “This was the best quarter I’ve ever seen of a company,” he said on “Squawk
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Microsoft opened nearly 4 percent up Friday, the day after a first quarter earnings beat. The tech giant reported a 16 percent bump in sales for the quarter, led by revenue growth in its intelligent cloud segment. Shares of Microsoft initially fell in after-hours trading Thursday following the report, but recovered on a positive outlook
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Chevron saw its stock price jump as it reported first-quarter earnings that easily topped expectations, fueled by rising oil and natural gas production and higher commodity prices. Shares of Chevron were up more than half a percent shortly after the U.S. stock market opening, backing off stronger gains before the bell. Chevron’s profits have steadily
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Amazon’s cloud business exceeded analyst estimates, with revenue climbing 49 percent in the first quarter. Amazon Web Services reported sales on Thursday of $5.44 billion, compared to the $5.26 billion average estimate of analysts surveyed by FactSet. AWS contributed about 11 percent of Amazon’s total revenue for the period, up from 8.5 percent in the
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Coffee giant Starbucks has bolstered its loyalty program and maintained steady same-store sales growth, but it still hasn’t been able to grow at a fast enough pace to placate investors. Shares of the company slipped nearly 3 percent in aftermarket trading Thursday. In the quarter ended April 1, the company said that net income in
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The company’s biggest business segment, More Personal Computing — which includes Windows, devices, gaming and search ads — produced $9.92 billion in revenue, up 13 percent year over year. The segment came in above the FactSet consensus estimate of $9.25 billion, according to StreetAccount. The Productivity and Business Processes segment, which includes Office, LinkedIn and
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Amazon reported a huge beat across the board for its first-quarter earnings on Thursday, with particular growth coming from its AWS cloud service and advertising business. Amazon stock is up roughly 7 percent in after-hours trading, soaring past its all-time high. Here are the most important numbers: Revenue: $51.04 billion vs. $49.78 billion, as estimated,
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Chipmaker stocks are in rally mode Thursday after Qualcomm and Advanced Micro Devices posted earnings beats, but one market watcher says to temper expectations of a long-term sectorwide rally. “I don’t love the space,” Michael Bapis, partner and managing director at the Bapis Group at HighTower Advisors, told CNBC’s “Trading Nation” on Wednesday. “It’s coming
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Apple’s fiscal third-quarter financial results will significantly disappoint Wall Street expectations due to weak iPhone sales, according to a Bernstein analyst. The firm predicts the smartphone maker will forecast revenue in the range of $47 billion to $49 billion for its June quarter versus the analyst average of $51.9 billion when it reports financial results
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United Parcel Service reported higher first-quarter net profit on Thursday, driven by strong package volumes in its core U.S. domestic segment, but higher costs from Saturday delivery and nasty winter weather weighed on operating results. The world’s largest package delivery company, viewed as an indicator of economic strength, reported revenue increased 10 percent to $17.1
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With its eye on accelerating cost cuts, Ford announced first-quarter earnings that topped analyst expectations and offered up some detail on the steps it will take to improve its financial health and realign its portfolio with a dramatic shift in consumer tastes. Like many of its peers, Ford has faced declining demand for its passenger
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Brian Niccol’s tenure at Chipotle Mexican Grill is off to good start. Shares of the company jumped 10 percent on Wednesday after the company posted better-than-expected earnings, on the back of price hikes, which it began to institute last April. The average check size rose 4.9 percent during the quarter, helped by the higher prices.
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Restaurant Brands International’s first-quarter profit topped analysts’ estimates on Tuesday, vindicating the company’s strategy of cheaper meals and more breakfast options at the Burger King chain. The company, which is striving to better compete with McDonald’s and Yum Brands’ KFC, said same-store sales at Burger King rose 3.8 percent in the three months ended March
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Drug developer Biogen reported a 11.4 percent rise in quarterly revenue as sales of key drugs Tecfidera and Spinraza climbed, albeit at a weaker-than-expected pace. The company’s top-earning multiple sclerosis drug Tecfidera brought in a revenue of $987 million in the quarter, falling short of analyst estimate of $1.02 billion. Sales of spinal muscular atrophy
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Huggies and Kleenex producer Kimberly-Clark reported better-than-expected first-quarter profit and sales on Monday, helped by strong growth in tissue sales. Shares of the company rose 2.5 percent at $102.50 in premarket trading on Monday. Revenue jumped 5 percent to $4.73 billion in the quarter ended March 31, beating analysts’ average estimate of $4.60 billion. Sales
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Shares of toy maker Hasbro plummeted in premarket trading Monday after the company posted weaker-than-expected earnings following the liquidation of Toys R Us. “As we discussed earlier in the year, our first quarter was expected to be difficult,” CEO Brian Goldner said in a statement Monday. “We are working to put the near-term disruption from
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Getty Images Dave Lesar (3rd L), Chairman and Chief Executive Officer of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City Oilfield services provider Halliburton reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to
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The second significant change to Alphabet’s balance sheet comes because of a new accounting standard for equity security investments. Under the new rule, called Accounting Standards Update 2016-01, Alphabet has to report the unrealized gains and losses from its investments on its income statement. For example, Alphabet bought a stake in both ride-hailing start-up Uber
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Kirk McKoy | Los Angeles Times | Getty Images An oil rigger at a Schlumberger field prepares pipes in Midland, Texas. The world’s largest oilfield services provider Schlumberger reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending. Net profit attributable
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General Electric reported first-quarter earnings Friday that outpaced Wall Street expectations and reaffirmed its financial outlook for the year. Shares of GE rose as high as 7 percent in early trading, before sliding to trade 3 percent up on the day. Earnings in the latest period were fueled by strong performance by the company’s aviation,
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Pier 1 Imports‘ stock plummeted more than 20 percent Thursday morning after the company reported sales that missed analysts’ expectations, also ceasing its dividend payouts. The home furnishings retailer said halting its dividend payments to investors “will enable the company to allocate greater resources toward implementing its three-year strategic plan to drive sales and earnings
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