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

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

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

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

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

The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon reported a 7% fall in quarterly profit on Wednesday, as the world’s largest custodian bank earned lower fees and took a hit from a drop in interest rates. Net income applicable to common shareholders fell

An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images U.S. regional bank PNC Financial Services on Wednesday posted a near 1% fall in net profit as the bank set aside more money to cover bad loans. The Pittsburgh, Pennsylvania-based bank’s net income attributable

A United Airlines airplane takes off at Newark Liberty Airport. Gary Hershorn | Getty Images United Airlines Holdings on Tuesday raised its earnings forecast for the year as travel demand continued to climb, boosting shares in after-hours trading. The airline’s performance puts it “ahead of pace” to meet its per-share earnings goal of $11 to $13

National Securities’ Art Hogan predicts third-quarter earnings results will exceed expectations. However, his forecast leaves out a crowded area of the market. “I’m nervous about the defensive groups actually because they’re such a popular trade,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Monday. “The multiples for some of those consumer staples and

Leslie Josephs | CNBC Delta Air Lines reported third-quarter earnings beat Wall Street estimates on Thursday, after reporting strong demand from both leisure and corporate travelers. Revenue rose 5% from a year ago to $12.56 billion, slightly below analysts’ forecasts. Net income rose more than 21% to $1.5 billion. Sales from its premium cabins, like

Richard Allison, CEO of Domino’s Pizza, speaks at CNBC’s Evolve conference in Chicago on Sept. 24, 2019. Jeff Schear | CNBC Domino’s Pizza on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations. Shares of the company fell nearly 4% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting,

Costco Wholesale reported quarterly revenue below Wall Street estimates on Thursday, as the U.S. hypermarket chain struggled to attract shoppers in the competitive grocery space. Costco and other U.S. grocers are slashing prices while investing heavily in stores and online operations to defend their share of the market as Amazon.com and Walmart expand aggressively. The

GoPro CEO Nick Woodman Photo by Josh Edelson GoPro on Wednesday cut its revenue and profit forecasts for the rest of the year, hit by a delay in production of its latest Hero8 Black cameras, triggering a 19% drop in its shares. The company, which launched two new cameras including a ramped-up version of its

A woman grabs a bottle of Diet Pepsi in Atlanta, Georgia. Chris Rank | Bloomberg | Getty Images PepsiCo on Thursday announced quarterly earnings and revenue that topped expectations. Shares of the food and beverage giant jumped 3% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on

New homes for sale by Lennar home builders. Getty Images Lennar reported a better-than-expected profit on Wednesday, as cheaper mortgage rates led to higher demand for its homes. The No. 2 U.S. homebuilder’s shares rose more than 2% before the opening bell. The company said its orders, a key indicator of future revenue, rose 8.5%

Stitch Fix‘s active client base grew 18% year over year, reaching 3.2 million people, the online styling service said when it reported earnings after the bell on Tuesday. That’s about in-line with the 3.23 million analysts were expecting, according to FactSet. This number tracks the total number of users who’ve received a box of clothing

Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Rite Aid’s stock surged by about 9% in pre-market trading Thursday after reporting better-than-expected earnings under new CEO Heyward Donigan.  The pharmacy chain’s overall sales, however, fell short of analysts’ forecasts for its

Shoppers At Niketown Store In San Francisco. David Paul Morris | Bloomberg | Getty Images Nike‘s stock is on pace to open at an all-time high on Wednesday morning after hitting one in extended trading on Tuesday, on the heels of the company’s better-than-expected earnings report. Shares were last up nearly 6%, trading around $92.15.

A remote control is seen being held in front of a television running the Netflix application Jaap Arriens | NurPhoto | Getty Images Credit Suisse just joined a slew of analysts worried about Netflix‘s earnings. Shares of the streaming video giant turned negative for the year this week, prompting many Wall Street analysts including KeyBanc

An employee works next to shoes on display inside the flagship store of sporting-goods giant Nike in Shanghai on March 16, 2017. Johannes Eisele | AFP | Getty Images Nike on Tuesday reported quarterly earnings and sales that topped analysts’ expectations, as investments it’s made to sell more directly to customers showed signs of paying

Todd Haselton | CNBC Canada’s BlackBerry on Tuesday cut the top end of its current fiscal-year revenue forecast and posted lower-than-expected quarterly revenue, hit by weak demand for its software amid increasing competition. U.S.-listed shares of the company fell nearly 12% before the bell. Once known for its phones, BlackBerry has pivoted to selling software

Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images Adobe shares fell as much as 4% on Tuesday after hours, as the company reported better-than-expected fiscal third quarter earnings and soft quarterly guidance. Here’s how the company did: Earnings:

General Mills’ Cheerios for sale on a store shelf. Lisa Baertlein | Reuters Cheerios maker General Mills Inc’s quarterly sales fell short of Wall Street estimates on Wednesday, hit by weak demand for its baking products and snacks in the United States and challenges in key emerging markets such as Brazil and India. The company,

Chewy shares fell 2% in extended trading Tuesday despite reporting a narrower-than-expected second quarter loss. The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv. Sales also grew 43% from last year. The company’s second quarter loss widened to $82.9

TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise Financial technology firm TransferWise booked a profit for the third year in a row, a rare show of growth for an industry littered with start-ups that have struggled to break even. The London-based company said on Wednesday that its net profit after tax climbed to £10.3 million

Oracle said Mark Hurd, one of the software vendor’s two CEOs, is taking a leave of absence for health reasons, nine years after joining the company from Hewlett-Packard. The stock dropped in extended trading after the announcement. Larry Ellison, Oracle’s founder and chief technology officer, will handle Hurd’s responsibilities along with Safra Catz, the other