Earnings

IBM will release first-quarter earnings after market close on Tuesday. Here are the numbers to watch: Earnings: $2.22 per share as expected by analysts, excluding certain items, according to Refinitiv. Revenue: $18.46 billion as expected by analysts, according to Refinitiv. The estimate implies that analysts expect IBM’s revenue to be down 3.2% from the year-ago
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United Continental Holdings, the parent company of United Airlines, reported first-quarter earnings Tuesday that beat Wall Street profit expectations but fell shy of revenue estimates as the airline grapples with the prolonged grounding of Boeing’s 737 Max jets. Here’s what the company reported versus what analysts polled by Refinitiv expected: Adjusted earnings per share: $1.15
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PepsiCo on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations. Shares of the company rose less than 1 percent in premarket trading following the announcement. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 97 cents, adjusted, vs. 92
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The two biggest U.S. banks each just posted record first-quarter profit, the result of years of work building coast-to-coast franchises that have attracted billions in customer deposits. On Friday, J.P. Morgan Chase said it made $9.2 billion in the first three months of the year. Bank of America said Tuesday that it generated $7.3 billion.
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Consumer goods group Unilever reported stronger than expected quarterly underlying sales growth, helped by higher prices and volume, and strength in emerging markets. The maker of Dove soap and Ben & Jerry’s ice cream also on Thursday stood by its outlook for the full year, which calls for underlying sales growth in the lower half
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Morgan Stanley posted profit and revenue that exceeded analysts’ expectations on better-than-expected results in wealth management and fixed-income trading. The bank generated $2.4 billion in first-quarter profit, or $1.39 per share, according to a Wednesday release, compared with the $1.17 estimate of analysts surveyed by Refinitiv. Morgan Stanley’s revenues of $10.3 billion beat the $9.94
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Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $4.89 a share, down 30% from a year ago, according to Refinitiv.Revenue: $8.9 billion, down 10% from a year earlier.Trading Revenue: Equities $1.81 billion; Fixed income $1.77 billion, according to FactSetInvesting Banking: $1.65 billion It’s only
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Citigroup is scheduled to report quarterly results later on Monday. Here’s what Wall Street is expecting from the banking giant: Earnings: $1.80 per share expected by Refinitiv Revenue: $18.634 billion forecast Fixed-income, currencies and commodities (FICC) trading revenue: $3.05 billion expected by StreetAccount Equities trading: $930 million Investment banking revenue: $1.2 billion forecast Net interest
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Wells Fargo reported better-than-expected quarterly results on Friday, sending the stock higher in the premarket. Here’s how the company’s results compared to Wall Street’s expectations: Earnings: $1.20 per share vs $1.09 per share expected by Refinitiv Revenue: $21.609 billion vs $21.012 billion forecast Shares of Wells Fargo traded 2.1% higher on the news. The company’s
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Delta Air Lines posted first-quarter earnings Wednesday that beat Wall Street’s expectations for both profit and revenue. “Demand for Delta’s product has never been stronger,” President Glen Hauenstein said in a statement announcing the earnings. “With our customer-focused commercial initiatives delivering strong customer loyalty and top-line momentum, we now expect full-year revenue growth of five
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Airline stocks jumped Tuesday after Delta Air Lines said record performance and healthy demand drove the carrier to raise its earnings and revenue guidance for the first quarter. Delta’s shares jumped 4.6 percent while United and American rose 3.8 percent and 1.4 percent, respectively. Southwest Airlines, JetBlue, Spirit and Alaska Air Group were all trading
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Walgreens Boots Alliance reported quarterly earnings and revenue that missed analysts’ expectations and lowered its forecast for 2019 in what CEO Stefano Pessina called the “most difficult” quarter since acquiring European drugstore chain Alliance Boots in late 2014. The company now expects full-year earnings for 2019 to be roughly flat, compared with its previous forecast
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Shares RH, the company formerly known as Restoration Hardware, plunged nearly 19 percent Friday morning after it cut its 2019 forecast, suggesting that the company’s new strategy will take longer to pay off than originally expected. Late Thursday, RH posted its fiscal fourth-quarter results, which were mixed as revenue fell short of expectations. The high-end
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