Earnings

The Walt Disney character Mickey Mouse greets children at Magic Kingdom in Orlando, Florida. Getty Images Last year, Disney’s Parks, Experiences and Consumer Products segment was its fastest-growing profit driver. Now, it could be the company’s biggest drag on earnings, thanks to the Covid-19 outbreak. The coronavirus pandemic has caused many headaches for Disney. The

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Online furniture retailer Wayfair‘s net loss widened in the first quarter as its sales surged nearly 20%, with more people flocking to its website to furnish their home offices and bedrooms during the coronavirus pandemic.  Its shares were down more than 3% in premarket trading following the announcement.  Here’s

Warren Buffett Gerry Miller | CNBC Warren Buffett’s Berkshire Hathaway on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses. Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52

A Tyson Fresh Meats plant employee leaves the plant on Thursday, April 23, 2020, in Logansport, Indiana. Darron Cummings | AP Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year ago, as production disruptions weighed on its results.  The company also said that it has secured a $1.5 billion

A research associate performs a buffer exchange for protein formulation at AMGEN, a drug research and development laboratory. Ricardo Dearatanha | Los Angeles Times | Getty Images Amgen on Thursday reported better-than-expected first-quarter results and said it plans to study psoriasis drug Otezla as a potential treatment for Covid-19, the respiratory disease caused by the

Andrew Jassy, chief executive officer of web services for Amazon.com Inc., speaks during the 2019 CERAWeek by IHS Markit conference in Houston on March 11, 2019. F. Carter Smith | Bloomberg | Getty Images Amazon’s market-leading cloud business crossed $10 billion in revenue for the first time in the first quarter. At $10.22 billion, Amazon

Amazon reported its first-quarter earnings after the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what Amazon reported: Earnings per share (EPS): $5.01 Revenue: $75.45 billion

Popeyes Chicken Sandwich Source: Popeyes Louisiana Kitchen Restaurant Brands posted an over 26% jump in first-quarter comparable sales at Popeyes on Friday, but it said that sales at its breakfast and coffee chain Tim Hortons were hit due to coronavirus-led restrictions. The company, however, warned of a more significant impact from the pandemic on its

Family Dollar Store, anti-bacterial wipes and cleaning products. Jeff Greenberg | Getty Images Clorox on Friday reported that its fiscal-third quarter sales climbed 15% as consumer demand for its cleaning products soared in response to the coronavirus pandemic. Shares of the company rose 3% in premarket trading. Here’s what the company reported for the quarter

A Nabors Industries worker uses a power washer to clean the floor of a rig drilling for Chevron in the Permian Basin near Midland, Texas, March 1, 2018. Daniel Acker | Bloomberg | Getty Images Chevron warned Friday in its quarterly earnings report that results will remain depressed as long as oil prices remain low, and

A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images Exxon Mobil reported a loss in the first quarter as oil prices dropped to historic lows. The oil giant lost $610 million in the first quarter due to writedowns tied to

Apple now has $192.8 billion cash on hand, according to the company’s fiscal second-quarter earnings report released Thursday.  That’s down 7.4% from its fiscal first quarter of 2020, when the company reported a $207.06 billion cash pile. Apple has continuously hosted one of the largest cash piles among U.S. companies but is facing pressure from the Covid-19 pandemic.  

Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019. Mason Trinca | Reuters Apple shares were down slightly in extended trading on Thursday after the company’s second-quarter earnings in which it reported $58.3 billion in revenue, a slight year-over-year increase, during a quarter in which supply

McDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY. Eduardo Munoz | Getty Images McDonald’s is expected to report earnings before the bell Thursday. Wall Street is anticipating earnings per share of $1.57 on revenue of $4.65 billion, based on a survey of

Sundar Pichai, Alphabet CEO. David Paul Morris | Bloomberg | Getty Images Shares of Alphabet climbed 8% during premarket trading Wednesday after the company reported earnings that beat revenue expectations, easing investors’ fears about the pandemic’s impact on advertising. The stock move is set to add over $70 billion to its market cap, bringing it

Steve Mollenkopf, chief executive officer of Qualcomm Inc. Patrick T. Fallon | Bloomberg | Getty Images Qualcomm reported second-quarter earnings after the bell on Wednesday. The stock was up more than 3% after hours, in addition to a nearly 5% rise during trading on Wednesday.  Here’s how it did: EPS: $0.88 Revenue: $5.21 billion Wall

Facebook shares rose as much as 10% in after-hours trading on Wednesday after the company announced its first-quarter results. Earnings (EPS): $1.71 Revenue: $17.74 billion Daily active users (DAUs): 1.73 billion Monthly active users (MAUs): 2.6 billion Average revenue per user (ARPU): $6.95 Analysts surveyed by Refinitiv expect $1.75 in earnings per share and $17.41

Elon Musk, chief executive officer of Tesla Inc., speaks during a ceremony at the company’s Gigafactory in Shanghai, China, on Tuesday, Jan. 7, 2020. Qilai Shen | Bloomberg | Getty Images Tesla shares rose more than 7% after hours as the company showed its third consecutive quarter with a profit. Here’s how the company did: 

Microsoft CEO Satya Nadella Tobias Schwarz | AFP | Getty Images Microsoft shares rose 2% in extended trading on Wednesday after the company reported fiscal third-quarter sales growth of 15%, fueled by its cloud business. The company said in a statement that the coronavirus “had minimal net impact on the total company revenue” in the

This is breaking news. Please check back for updates. 3M shares jumped Tuesday after the manufacturing conglomerate reported first-quarter earnings and revenues that topped Wall Street’s expectations as demand for safety equipment and cleaning products spiked amid the coronavirus pandemic. The company said in a release that it saw a mix of results across its