Category: Earnings

News Corp tops estimates as TV network and books unit drive gains

News Corp topped Wall Street profit targets on Thursday, as it benefited from gains at its newly acquired TV network and recorded double-digit growth in its real-estate...

Kraft Heinz tops estimates as higher pricing boosts US sales

Kraft Heinz topped quarterly profit and revenue estimates as the Tater Tots maker raised product prices and posted higher-than-expected sales from the United States,...

Shopify shares dive as it may issue more stock, gives tepid guidance

Shopify initially rose after releasing better-than-expected earnings on Tuesday before the market opened. The stock then turned lower later in the morning and ended the...

Chipotle shares rally on earnings beat as diners spend more 

Diners at Chipotle Mexican Grill spent more and avocados cost less during the second quarter, driving better-than-expected earnings, which sent shares soaring after the...

Strength in all businesses except power

General Electric sees strength in all its businesses excluding power, chief financial officer Jamie Miller told CNBC’s Morgan Brennan after GE reported...

With bank earnings underway, market watcher bets on rally for financials

Financials haven’t had a good month. The sector has fallen by more than 1 percent in three of the past five weeks and sunk to the bottom of the S&P 500 for the...

Airline stocks tumble after American trims revenue outlook

American Airlines tumbled more than 8 percent Wednesday to close at a nearly two-year low after the carrier trimmed its forecast for second-quarter revenue growth....

General Mills quarterly profit drops

Daniel Acker | Bloomberg | Getty Images General Mills breakfast cereal boxes are arranged for a photograph in Tiskilwa, Illinois. Cheerios cereal maker General Mills on...

Nike sales top estimates as retailer sees ‘return to growth’ in US

Nike on Thursday reported earnings and sales that topped analysts’ expectations for the fiscal fourth quarter and announced a new, four-year $15 billion share...

Lennar’s profit jumps 45% on strong housing demand, sending shares sharply higher

Lennar on Tuesday reported a better-than-expected quarterly profit as housing demand got a boost from a strengthening economy and job growth. The U.S....