USA news & headlines
Latest breaking stories, features and analysis
- Cadence Design Systems tops analysts’ estimates for sales and profit in Q3.
- The U.S. firm reports £124.78 million of profit and £514.70 million of sales.
- Cadence forecasts 57.14 pence of EPS on £563.65 million of sales in Q4.
Latest USA news
Halliburton Co. (NYSE: HAL) published its financial results on Monday that reported higher than expected profit but lower than expected revenue in the fiscal third quarter. Halliburton launched the industry’s first intelligent fracturing system last week. Shares of the company were reported about 2.1% up in premarket trading on Monday. Halliburton is now trading at £9.48 per share in the stock market versus a much higher £19 per share at the star...
Schlumberger (NYSE: SLB) said on Friday that its adjusted profit in the fiscal third quarter came in stronger than expected. Its revenue in Q3, however, posted a steeper decline than Wall Street estimates. The company attributed the decrease in revenue to the Coronavirus pandemic that weighed on its drilling business in recent months. The COVID-19 crisis has so far infected more than 40 million people worldwide and caused over 1.1 million deaths....
Bank of New York Mellon (NYSE: BK) published its earnings report for the fiscal third quarter on Friday that topped analysts’ estimates for earnings and revenue. Its financial report came a day after peer, Morgan Stanley, said its net income climbed to £2.11 billion in Q3. BNY Mellon was reported 1.1% down in premarket trading on Friday. On a year to date basis, shares of the company are now close to 25% down. BNY Mellon had recorded an annual gr...
VF Corp (NYSE: VFC) published its financial results for the fiscal second quarter on Friday that blew past Wall Street estimates. The company expressed confidence that signs of recovery were evident in the recent quarter after months of inactivity due to the Coronavirus pandemic that pushed its stores into temporarily shutting down earlier this year. VF Corp currently has a per-share price of £61 versus a much higher £77.61 per share at the start...
Intuitive Surgical Inc (NASDAQ: ISRG) published its earnings report for the fiscal third quarter on Thursday that came in better than what analysts had anticipated. The company, however, acknowledged the uncertainty due to the Coronavirus pandemic as it refrained from giving its guidance for the full year. Intuitive Surgical is globally known as the manufacturer of robotic da Vinci Surgical System that assists surgeons in several types of surgeri...
Walgreens Boots Alliance (NASDAQ: WBA) said on Thursday that its profit in the fiscal fourth quarter contracted less than expected. Revenue in Q4, it added, came in stronger than what the analysts had anticipated. Shares of the company were reported trading about 1% up in premarket trading on Thursday. On market open, Walgreens Boots Alliance continued its rally and gained another 5% in the stock market. Interested in investing in the stock marke...
Morgan Stanley (NYSE: MS) published its earnings report for the fiscal third quarter on Thursday that came in stronger than what the analysts had anticipated. The American multinational’s financial results came in a day after its peer, Wells Fargo, revealed a massive 56% decline in third-quarter profit. Morgan Stanley tanked 1% in premarket trading on Thursday but gained close to 3% on market open. The £71.58 billion company that has a price to e...
United Airlines Holdings Inc. (NASDAQ: UAL) published its earnings report for the fiscal third quarter on Wednesday that highlighted a massive 78% decline in sales attributed to the ongoing Coronavirus pandemic. Shares of the company slid over 1% in extended trading on Wednesday but then jumped back 2% later on. United Airlines is now trading at £27.62 per share after recovering from a low of £15.32 per share in May. It had started the year at a...
Wells Fargo (NYSE: WFC) said on Wednesday that its profit in the fiscal third quarter came in 56% lower than last year. The company reported £1.57 billion of profit in Q3 versus £3.55 billion in the same quarter last year. On a per-share basis, it earned 32.37 pence in the recent quarter versus a higher 33.91 pence expected, as per FactSet. Wells Fargo lost 1.8% in premarket trading on Wednesday. Shares of the company are now trading at £18.72 pe...
Goldman Sachs (NYSE: GS) published its earnings report for the fiscal third quarter on Wednesday that blew past Wall Street estimates for profit and revenue. The company attributed its hawkish performance to the annualised return on equity (ROE) that jumped to an all-time quarterly high of 17.5%. Learn more about return on equity. Goldman Sachs jumped 3% in premarket trading on Wednesday. Shares of the company are now trading at £163 per share. T...
Bank of America Corp (NYSE: BAC) reported its financial results for the fiscal third quarter on Wednesday that missed analysts’ estimates for revenue. The bank’s profit in Q3, however, came in stronger than expected. Shares of the company were reported about 2% down in premarket trading on Wednesday. Including the price action, Bank of America Corp now has a per-share price of £19.23. In comparison, it was trading at a significantly lower £13.93...
UnitedHealth Group Inc. (NYSE: UNH) published its earnings report for the fiscal third quarter on Wednesday that topped analysts’ estimates for profit and revenue. On the back of its hawkish performance, the company also raised its guidance for the full year. Shares of the company jumped about 1% in premarket trading on Wednesday. UnitedHealth is now trading at £256.50 per share versus a lower £225.50 at the start of 2020. The stock had plummeted...
Delta Air Lines (NYSE: DAL) said on Tuesday that it concluded the fiscal third quarter with £4.17 billion of loss attributed to the Coronavirus pandemic that brought the global air travel to a near halt this year. The company said that demand was starting to pick up but warned that recovery was going to be slow and it could take two years or even more before sales return to the pre-virus levels. Shares of the company tanked 2% in premarket tradin...
Citigroup Inc (NYSE: C) reported its financial results for the fiscal third quarter on Tuesday that blew past Wall Street estimates, as its credit costs attributed to the ongoing Coronavirus pandemic stabilised in recent months. The COVID-19 crisis has so far infected more than 8 million people in the United States and caused over 220 thousand deaths. Citigroup tumbled close to 5% in the stock market on Tuesday. Including the price action, shares...
BlackRock Inc. (NYSE: BLK) reported its financial results for the fiscal third quarter on Tuesday that came in stronger than what the analysts had anticipated. The company revealed a 22% annualised growth in its profit in Q3. Shares of the company were reported more than 3% up in premarket trading on Tuesday. BlackRock jumped another 1.5% on market open. It is now exchanging hands at £497 per share versus a year to date low of £252.77 per share i...
JP Morgan Chase & Co. (NYSE: JPM) published its financial results for the fiscal third quarter on Tuesday that highlighted a 4% annualised growth in profit despite the Coronavirus pandemic that has wreaked havoc on the economy this year. Shares of the company were reported trading about 0.5% up in premarket trading on Tuesday. But JP Morgan Chase tanked 2% on market open. It is now trading at £78 per share that translates to a little under 30...
Johnson & Johnson (NYSE: JNJ) published its earnings report for the fiscal third quarter on Tuesday that topped analysts’ estimates for earnings and revenue. The company attributed its hawkish performance to increased sales for some drugs, and medical devices that it said were highly in demand in the recent quarter. Shares of the company opened a little under 2% down on Tuesday and tanked another 0.5% later in the day. Confused about choosing...