Earnings

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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Apparel maker PVH on Wednesday forecast full-year adjusted profit and sales above Wall Street expectations, banking on higher demand for its Tommy Hilfiger branded apparels and accessories. Shares of the Calvin Klein owner, which also reported better-than-expected fourth-quarter sales and profit, rose 10 percent after the bell. The New York-based company has been giving lesser
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Accenture on Thursday raised its full-year profit forecast after reporting better-than-expected second-quarter earnings, benefiting from its investments in digital and cloud services. The consulting and outsourcing services provider’s shares rose 4 percent before the opening bell. Much of Accenture’s recent growth has been driven by digital and cloud services, which include everything from managing clients’
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Samsung Electronics said Tuesday morning it expects first quarter earnings to come below market expectations due to weakness in its display and memory businesses. In a regulatory filing, the world’s largest smartphone maker said it predicted a bigger-than-expected price decline for major memory products due to seasonal weakness in demand. Those components are used in
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A top executive at FedEx is flagging serious concerns in the global economy. The multinational package delivery service reported declining international revenue as a result of unfavorable exchange rates and the negative effects of trade battles. “Slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our
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Darden Restaurants on Thursday raised its fiscal 2019 outlook and beat analysts’ expectations for its quarterly earnings and revenue. Shares of the company rose nearly 4 percent in premarket trading. “Our strong top-line results exceeded the industry this quarter resulting in significant market share gains,” CEO Gene Lee said in a statement. Here’s what the
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