Earnings

Banks’ trading desks ended 2018 with a whimper – and nowhere as much as at Morgan Stanley. The New York-based firm had the worst bond-trading performance among the big five Wall Street investment banks, a precipitous 30 percent decline to $564 million. It was one of the most meager hauls since Morgan Stanley revamped the

Netflix posted mixed fourth-quarter earnings results Thursday, sending shares down roughly 4 percent in extended trading. Here’s how the company did compared with Wall Street estimates: EPS: 30 cents, vs. 24 cents forecast by Refinitiv consensus estimates Revenue: $4.19 billion, vs. $4.21 billion forecast by Refinitiv consensus estimates Domestic subscriber additions: 1.53 million, vs. 1.51

Tiffany same-store sales fell 2 percent during the holiday shopping season as Chinese tourists bought less jewelry, the U.S. luxury jeweler said on Friday while tempering its outlook for annual earnings. During the November-December period, Tiffany’s net sales also fell, about 1 percent to $1.04 billion, and Chief Executive Officer Alessandro Bogliolo blamed softening demand

All eyes will be watching Netflix Thursday as the streaming giant reports earnings after the bell. The company raised prices earlier this week 13 to 18 percent with most analysts and investors cheering the move. Since then Goldman raised their price forecast to $420 from $400 and Thursday morning, Guggenheim upped their price target to

CSX on Wednesday reported quarterly profit that topped Wall Street’s expectations, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019. CSX forecast low single-digit revenue growth for 2019 on the heels of 7.4 percent growth last year. Chief Executive James Foote told Reuters the outlook reflects

Ford Motor on Wednesday offered a fourth-quarter earnings forecast that was below Wall Street’s expectations. The No. 2 U.S. automaker said it could see improvement in 2019 earnings and revenue as global industry sales remain flat, but it did not provide any figures. “For 2019, we see the potential for year-over-year improvement in company revenue,

Delta Air Lines posted fourth-quarter earnings slightly higher than Wall Street’s expectations on Tuesday. The Atlanta-based carrier earned an adjusted $1.30 a share, compared with $1.27 expected by analysts polled by Refinitiv. Delta’s net income grew more than threefold to $1 billion during the last three months of 2018 from $299 million the year before,

After an uncommonly strong three-week rally, the stock market is up 10 percent from the harrowing 20-month low it reached in a nearly unprecedented December meltdown. But the S&P 500 index is still 11 percent below its September record high and down 6 percent from a year ago. So what’s now priced into the market,

U.S. airlines are expected this month to post their ninth-consecutive year of profits, the longest stretch of good financial news the sector known for boom-and-bust cycles has had in at least four decades. Investors have not been impressed. The sector lagged the broader market in 2018, and 2019 hasn’t been much better. The NYSE Arca

The good news on 2019 earnings is that a lot of bad news is already priced into the market, as seen by the very modest drop of 1.5 percent in Samsung shares on Tuesday after terrible guidance. The flip side is a lot of damage has already been done, and other companies will be similarly

Kevin Hassett, economic advisor to President Donald Trump, said Thursday that the slowing Chinese economy could hurt the earnings and revenue of U.S. corporations doing business there. “There are a heck of a lot of U.S. companies that have a lot of sales in China that are basically going to be watching their earnings be

Apple CEO Tim Cook issued lowered guidance for Q1 on Wednesday, naming four main factors: timing of its iPhone launches, a strong U.S. dollar, constrained sales of the iPad Pro, Apple Watch Series 4, AirPods and MacBook Air, and economic weakness in emerging markets such as China. But there’s a bright spot in Apple’s devastating

Earnings season may not be the club for stocks it could have been had the market not gotten so beaten down. But it could be a period when the stock market is put to the test, as companies discuss trade, slowing global growth and other issues that have shaken investor confidence. There have been some

Bed Bath & Beyond said it is ahead of its long-term financial goals in its quarterly earnings released on Wednesday. The stock soared more than 20 percent after hours. The company said it is ahead of schedule in terms of slowing down the declines in operating profit and net earnings per share, plus increasing net

When U.S. stocks posted their worst December since the Great Depression, traders put plenty of the blame on actions by the Federal Reserve and that other favorite scapegoat, computerized trading. But it now seems clear that the market was mostly anticipating what has actually happened in recent days: companies are cutting profit forecasts and trying

Shares of Constellation Brands dropped 7 percent in premarket trading Wednesday morning after the brewer released a disappointing outlook for the fiscal year. Here’s what the company reported for its fiscal third quarter compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $2.37, adjusted, vs. $2.06

General Motors CEO Mary Barra said the automaker’s full-year 2018 earnings exceeded its previous expectations and that 2019 is looking even better, citing strong sales in China and high demand for its truck and utility vehicles in the U.S. “From a 2018 perspective, it is not only a focus on really capitalizing on the new

Kohl’s on Thursday reported holiday sales growth that paled in comparison to its results in 2017, sending shares tumbling. The retailer said sales at its stores and website operating for at least 12 months, on a shifted basis, rose 1.2 percent over the 2018 holiday shopping season. That’s compared with growth of nearly 7 percent

Target saw a surge of shoppers head to its stores and website this past holiday season, a sign that its investments in store remodels and delivery services are paying off, and an early sign that consumers across the U.S. spent more on gifts this year. The retailer said in a Thursday press release sales at

Earnings 2019: Up, flat, or down? What happens to markets in 2019? It depends on your outlook on earnings. Fourth-quarter earnings have much less weight than usual, since everyone is concerned that the estimates for 2019 (currently 8 percent earnings growth) are too high and will be coming down. Seventeen companies have reported earnings for

FedEx shares dropped more than 4 percent during after hours trading Tuesday as the company lowered its full year 2019 earnings guidance. It lowered its full year EPS guidance to a range of $15.50 to $16.60, down from $17.20 to $17.80 per share. Analysts expected $17.33 per share. The company said that its international business

Micron Technology shares dropped more than 6 percent during after hours trading Tuesday after the company missed revenue expectations in its quarterly earnings. The company reported $7.91 billion, missing revenue estimates of $8.02 billion. However, it exceeded expectations in earnings, reporting $2.97 per share, beating analysts’ expectations of $2.96 per share. On a conference call,

Eli Lilly on Wednesday forecast better-than-expected revenue and adjusted profit for 2019, as the drugmaker benefits from higher demand for its newer medicines including diabetes drug Trulicity and psoriasis drug Taltz. Shares of the company, which raised its quarterly dividend by 15 percent, rose 3.3 percent to $110 in early trading. Lilly has been banking

Walgreens Boots Alliance on Thursday reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company dipped less than 1 percent 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: $1.46, adjusted, vs. $1.43 expected Revenue:

Accenture reported a 7.4 percent rise in quarterly revenue on Thursday, as it reaped the benefit of its investments in digital and cloud services. Net income attributable to the consulting and outsourcing services provider rose to $1.28 billion, or $1.96 per share, in the first quarter ended Nov 30 from $1.12 billion, or $1.79 per

FedEx Chairman and CEO Frederick Smith said Tuesday that most of the issues facing the company are the result of politicians around the world. “I’ll just conclude by saying most of the issues that we’re dealing with today are induced by bad political choices,” Smith said Tuesday. “I mean, making a bad decision about a

General Mills reported quarterly profit above Wall Street estimates on Wednesday, as the Cheerios cereal maker raised prices and eked out higher margins from cost savings. General Mills shares, which have fallen about 38 percent since the start of the year, were up 4.8 percent before the bell. Adjusted gross margin was 34.5 percent for

Truck maker Navistar reported better-than-expected quarterly profit and revenue on Tuesday, as strong freight demand helped drive sales of its high-margin heavy-duty trucks. Deliveries of the company’s long-haul Class 8 trucks — used by the big rigs that haul freight along America’s highways — are expected to rise next year as hauliers rush to replace

Darden Restaurants, the owner of brands such as Olive Garden, reported mixed quarterly results on Tuesday, but raised its forecast for fiscal 2019, sending shares up 1 percent. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 92 cents vs. 91

U.S. luxury home builder Toll Brothers said on Tuesday its quarterly profit rose 62.1 percent, as it sold more homes at higher prices. The company’s net income rose to $311 million, or $2.08 per share, in the fourth quarter ended Oct. 31, from $191.9 million, or $1.17 per share, a year earlier. Revenue rose 21.1