Earnings

Tiffany tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home. Like other firms which sell luxury products, Tiffany relies on demand from China’s burgeoning middle class as consumer demand for its rings,
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Netflix previously warned content costs are more heavily weighted in the second half of the year. Newly appointed Chief Financial Officer Spence Neumann said during the company’s earnings interview that a move toward owned content has “put pressure on the cash flows of the business and the cash needs of the business over the past
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CSX on Wednesday reported quarterly profit that topped Wall Street’s expectations, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019. CSX forecast low single-digit revenue growth for 2019 on the heels of 7.4 percent growth last year. Chief Executive James Foote told Reuters the outlook reflects
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Top U.S. aluminum producer Alcoa beat Wall Street estimates for quarterly profit on Wednesday, buoyed by strength in its alumina segment, but shares slipped after the company did not provide a closely watched profit measure for the full year. The company’s shares were down 1.6 percent in extended trading, reversing course after rising as much
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It’s also delayed hiring plans for new employees who require certain federal clearances, such as mechanics, Delta said. Several major U.S. airports have been strained by the shutdown as the absentee rate of Transportation Security Administration screeners climbs. Some of the nation’s busiest airports have closed down security checkpoints, leading to long lines for travelers,
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Delta Air Lines posted fourth-quarter earnings slightly higher than Wall Street’s expectations on Tuesday. The Atlanta-based carrier earned an adjusted $1.30 a share, compared with $1.27 expected by analysts polled by Refinitiv. Delta’s net income grew more than threefold to $1 billion during the last three months of 2018 from $299 million the year before,
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UnitedHealth shares jumped 1.2 percent Tuesday after it reported fourth-quarter earnings that beat Wall Street’s expectations, helped by growth in its services business. Here’s UnitedHealth’s results vs. what Wall Street expected: Earnings: $3.28 per share vs. $3.21 per share, forecast by Refinitiv. Revenue: $58.42 billion vs. $58.01 billion, forecast by Refinitiv. Revenue from Optum, which
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David Paul Morris | Bloomberg | Getty Images Tim Sloan, president and chief executive officer of Wells Fargo & Co. Revenue in consumer and small-business banking fell 2 percent, to $11.5 billion, primarily because of lower mortgage banking income and decreased market-sensitive revenue, partially offset by gains from the sale of branches and certain mortgage
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Citigroup posted fourth-quarter profit that beat analysts’ expectations on better-than-expected expense declines and loan losses. The bank made $1.61 in profit per share excluding one-time impacts of the U.S. tax overhaul, beating analysts’ expectations for $1.55 per share. Operating expenses fell 4 percent to $9.89 billion in the quarter, driven in part by lower compensation
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Kohl’s on Thursday reported holiday sales growth that paled in comparison to its results in 2017, sending shares tumbling. Shares then fell further as other retailers including Macy’s and L Brands reported disappointing holiday sales, sending a sea of retail stocks into the red. Kohl’s stock was last down more than 9 percent, as its
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Fourth-quarter reporting season, with major banks releasing numbers next week, will also serve as an important transition period between 2018’s strong double-digit profit growth and 2019’s much slower single-digit pace. Earnings are expected to be strong, up 14.7 percent in the fourth quarter, but corporate executives will be discussing the activity in the current quarter,
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Jussi Nukari | AFP | Getty Images People enter an Accenture office in downtown Helsinki, Finland. Accenture reported a 7.4 percent rise in quarterly revenue on Thursday, as it reaped the benefit of its investments in digital and cloud services. Net income attributable to the consulting and outsourcing services provider rose to $1.28 billion, or
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