Earnings

Berkshire Hathaway, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy. Results easily topped analyst forecasts. Underwriting profit at the Geico auto insurance unit more than quintupled, the BNSF railroad benefited from demand to ship
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American International Group reported second quarter profit that fell well short of expectations, sparking an after-hours sell off in its shares. As of 4:21 p.m., AIG shares had fallen 6 percent and were on track for their worst day since February 2017. The insurance giant reported adjusted earnings per share of $1.05 for the quarter
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CBS’s quarterly results topped Wall Street targets and CEO Les Moonves delivered an upbeat message to investors about the media company’s future on Thursday, without addressing allegations of sexual misconduct against him reported last week. At the start of an analysts conference call on CBS earnings that was also broadcast on business television network CNBC,
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Investors are loving Take-Two Interactive’s latest financial results. The shares of the game publisher are up 12 percent in Friday’s premarket session, a day after it reported June quarter non-GAAP earnings per share of 12 cents versus the Wall Street consensus of 7 cents. Take-Two also posted adjusted revenue of $288 million for the quarter
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GoPro reported second-quarter results that beat analysts’ expectations on Thursday. Here’s how the company did compared with Thomson Reuters consensus estimates: Loss per share: 15 cents vs. 22 cents expected Revenue: $282.7 million vs $270.2 million expected The stock was up as much as 10 percent in after-hours trading before giving up those gains and
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Apple reported $9.55 billion in revenue from China, along with its third quarter earnings report on Tuesday, making for a 19 percent jump since this time last year. But on a call with investors after Apple’s third quarter earnings report, investors expressed concern that a recent round of proposed tariffs could impact Apple’s future pricing
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Procter & Gamble reported quarterly earnings that topped analysts’ expectations on Tuesday, though fell short on sales. The revenue miss is likely to do little to allay concerns of of investors regarding continued shrinking market share amid increased competition from private label brands and upstart companies. The maker of everyday household goods like Pantene, Crest
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Heineken NV, the world’s second largest beer maker, cut its guidance for full-year margins on Monday after reporting first-half earnings below market expectations. The brewer of Heineken lager, Tiger, Sol and Strongbow cider forecast that its operating margin would decline by 20 basis points, compared with a previous forecast of 25 basis point increase. The
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Amazon shares rallied after the e-commerce giant reported a second-quarter profit that doubled Wall Street’s expectations. Amazon’s stock jumped more than 4 percent in premarket trading Friday. “Amazon continues to perform at a level well-above its mega cap internet peers,” Barclays said in a note. “In a critical time, Amazon’s stellar sales and burgeoning margin
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AbbVie barely beat Wall Street forecasts on sales of its mainstay medicine Humira, failing to allay investors’ concerns over the future of the cash cow product and sending the drugmaker’s shares down 5 percent on Friday. Humira is the world’s best-selling prescription medicine and accounts for some two-thirds of AbbVie’s overall revenue. But the drug
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Shares of Boston Beer tumbled on Friday after the Samuel Adams beer maker reported quarterly earnings that fell well short of analyst expectations. Boston Beer earned $1.98 per share in the second quarter, while analysts polled by Reuters expected a profit of $2.81. The company’s revenue fell in line with analysts’ estimates at $273 million
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Diners at Chipotle Mexican Grill spent more and avocados cost less during the second quarter, driving better-than-expected earnings at the burrito chain that sent shares soaring after the market closed Thursday. Shares surged by almost 7 percent after the company beat Wall Street estimates. The company’s revenue jumped 8.3 percent to $1.27 billion from $1.17
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U.S. hospital operator HCA Healthcare reported a 24.8 percent rise in quarterly profit and boosted its full-year earnings forecast on higher patient admissions, sending its shares up 3 percent. The upbeat results, coming from the largest U.S. for-profit hospital operator, allayed concerns that patients were delaying non-emergency surgeries due to worries about soaring out-of-pocket medical
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CNBC’s Jim Cramer on Tuesday praised Alphabet‘s earnings results, saying Google’s parent company was “crushing it” in the second quarter. “What I loved about this quarter is you finally got the rationale of why you like this stock,” said Cramer, whose charitable trust owns shares of Alphabet. “They basically explained that we … make a
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Shares of Whirlpool, the U.S. based washing machine giant who was once in favor of stricter trade controls for its own industry, plummeted after executives blamed rising steel and aluminum costs for diminished quarterly earnings. “Global steel cost has risen substantially and, particularly in the US, they have reached unexplainable levels,” Whirlpool CEO Marc Bitzer
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Shares of footwear maker Skechers tumbled more than 20 percent in aftermarket trading on Thursday after the company reported disappointing quarterly results and forecast a weak outlook for the third quarter. The company reported earnings per share of 29 cents, well short of the 41 cents expected by analysts. Revenue of $1.12 billion was up
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General Electric said second-quarter profit fell 30 percent from last year because of weakness in its power division. GE reaffirmed its financial outlook for the year, saying it continues to expect full-year earnings of $1 to $1.07 per share. GE stock dropped more than 4 percent in trading Friday, closing at $13.12 per share, even
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