Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. Clodagh Kilcoyne | Reuters Amazon shares took a major hit Thursday after its third-quarter earnings fell short of expectations. But one bright spot was
Earnings
Amazon‘s third-quarter earnings fell short of street expectations on Thursday, driving its stock down as much as 9% in after hours trading. It also gave dismal revenue guidance for the holiday shopping season, spooking investors who were expecting a huge pay off from Amazon’s growing investments across the company. Here’s what the company reported versus
Dow Inc. beat Wall Street estimates for profit in the third quarter as it cut costs to offset a sharp slowdown in demand for the chemicals it makes for plastics and other manufacturing, sending shares almost 2% higher. An oversupply of ethylene and polyethylene as well as the impact of U.S.-China trade tensions on demand
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images PayPal had a break-out quarter, sending its stock surging after reporting earnings. The payments company beat Wall Street’s estimates across the board for the third-quarter results Wednesday evening. Investors applauded the outperformance, sending PayPal shares up more
Brian Roberts, chairman and chief executive officer of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast is set to report earnings for its third quarter of 2019 before the bell on Thursday. Here are the key numbers analysts will be watching: Earnings per share: 75 cents per share, per Refinitiv estimates Revenue:
Stephen Schwarzman, billionaire and co-founder of Blackstone Group LP, does not believe a meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Osaka, Japan at the end of June is likely to result in a major trade deal. Patrick T. Fallon | Bloomberg | Getty Images Blackstone, the world’s largest manager of
Tesla is expected to report third-quarter earnings after the bell on Wednesday. The day before the call, analysts were expecting losses of 46 centers per share, with revenue of $6.42 billion for Elon Musk’s electric car and renewable energy company, according to data compiled by FactSet. The call will mark the first financial report from
Customers view Harley-Davidson Inc. motorcycles at the company’s dealership in South San Francisco, California, U.S., on Tuesday, June 26, 2018. Bloomberg | Bloomberg | Getty Images Harley-Davidson beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in
Employees sort packages at the United Parcel Service (UPS) Chicago Area Consolidation Hub in Hodgkins, Illinois. Daniel Acker | Bloomberg | Getty Images on Tuesday reported a quarterly profit that came ahead of Wall Street estimates, benefiting from strong e-commerce demand and rival breakup with Amazon.com. United Parcel Service’s e-commerce fueled quarterly profit beat on Tuesday
A F-35 fighter jet is seen as Turkey takes delivery of its first F-35 fighter jet with a ceremony at the Lockheed Martin in Forth Worth, Texas, United States on June 21, 2018. Atilgan Ozdil | Anadolu Agency | Getty Images Lockheed Martin raised its forecast for 2019 earnings as it reported a 9.2% rise
Various Halliburton equipment being stored at the equipment yard in Alvarado, Texas. Cooper Neill | Reuters Halliburton reported a 32% slump in quarterly profit on Monday, hit by weak demand for its services and equipment from oil and gas producers in North America, its biggest market. Revenue from North America fell 21% in the third
Shares of Netflix surged 8% in premarket trading after the company late Wednesday released its earnings report for the third quarter. The company reported mixed results, with an earnings beat and a miss on domestic subscriber adds, while revenue slightly missed analysts’ expectations. Here are the results vs. expectations: Earnings per share: $1.47 vs. $1.04
IBM shares moved 5% lower after the company issued weaker-than-expected third-quarter revenue on Wednesday. Here’s how IBM did: Earnings: Excluding certain items, $2.68 per share, vs. $2.67 per share as expected by analysts, according to Refinitiv. Revenue: $18.03 billion, vs. $18.22 billion as expected by analysts, according to Refinitiv. IBM’s revenue has now dropped for
Co-founder and CEO of Netflix Reed Hastings Albert Llop | Anadolu Agency | Getty Images The best way to defeat an enemy is to make him your friend. Netflix said today in its third-quarter earnings letter to shareholders that it welcomes upcoming competition from Apple, Disney, Comcast‘s NBC Universal, AT&T‘s WarnerMedia and others set to
Adam Jeffery | CNBC Holiday Inn-owner InterContinental Hotels Group blamed lower business bookings in China and Hong Kong protests for a 0.8% fall in third-quarter revenue per room on Friday, the latest company to be pinched by weaker global travel. The hotel industry, in general, is feeling the impact of slowing global growth, which is
Marcos Brindicci | Reuters Coca-Cola will report third-quarter earnings before the bell Friday. Here’s what analysts surveyed by Refinitiv are expecting: Earnings per share: 56 cents expected Revenue: $9.4 billion expected Coke’s stock, valued at nearly $231 billion, is up 14% since the start of the year. Shares of rival PepsiCo, which has a market
Scott Eells | Bloomberg | Getty Images Credit card issuer American Express reported a higher-than-expected rise in third-quarter profit on Friday, as more people used cards to shop, pay bills and make big ticket purchases. AmEx cards, for long the preferred choice of affluent Americans, is now battling competition from JPMorgan Chase‘s Sapphire Reserve and
James Gorman, chief executive officer of Morgan Stanley, fixes his jacket during a Bloomberg Television interview on the sidelines of the Morgan Stanley China Summit in Beijing, China, on Thursday, June 1, 2017. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s
The Honeywell International sign sits outside of the company’s former global headquarters in Morristown, New Jersey, on Friday, Jan. 26, 2007. (Photo by Daniel Barry/Bloomberg via Getty Images) Bloomberg | Bloomberg | Getty Images Diversified manufacturer Honeywell International fell short of Wall Street estimates for quarterly revenue on Thursday and cut its full-year sales forecast,
Traders work during the opening bell at the New York Stock Exchange (NYSE) on October 2, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Investors are preparing for more cautious capital investment outlooks from U.S. companies as worries mount heading into earnings season about the possibility of an