International Business Machines Corp. (NYSE: IBM) said on Thursday that its per-share earnings in the fiscal fourth quarter were better than expected. Revenue, it added, missed experts’ forecast in Q4. The technology and consulting company’s quarterly update comes a month after it said it will acquire Nordcloud (cloud…
Intel Corp. (NASDAQ: INTC) published its earnings report for the fiscal fourth quarter on Thursday that came in better than what analysts had anticipated. The tech giant’s current CEO, Bob Swan, is scheduled to step down in the upcoming weeks. As per an announcement last week, Pat Gelsinger…
Baker Hughes Co. (NYSE: BKR) swung to a surprise adjusted loss in the fiscal fourth quarter. The company, however, posted revenue on Thursday that topped analysts’ forecasts despite the ongoing Coronavirus pandemic that has so far infected more than 25 million people in the U.S. and caused over 416…
The Travelers Companies Inc. (NYSE: TRV) said on Thursday that its profit came in better than expected in the fiscal fourth quarter. The New York-based firm also reported a modest increase in its Q4 net written premiums. In separate news from the United States, United Airlines said on…
United Airlines Holdings Inc. (NASDAQ: UAL) said on Wednesday that it remained in loss in the fiscal fourth quarter after failing to return to profitability in the previous three quarters as well. The air carrier also said that its capacity was likely to be down by a minimum of…
The Procter & Gamble Company (NYSE: PG) published its earnings report for the fiscal second quarter on Wednesday that topped analysts’ estimates for earnings and revenue. On the back of hawkish performance, the company also raised its guidance for the full year. Procter & Gamble shares slid more than…
UnitedHealth Group Inc. (NYSE: UNH) said on Wednesday that its revenue came in better than expected in the fiscal fourth quarter. The company said that its profit contracted in Q4, but the decline was narrower than the analysts’ estimates. UnitedHealth shares are currently trading at £258.77 per share after…
Morgan Stanley (NYSE: MS) reported its financial results for the fiscal fourth quarter on Wednesday that topped analysts’ estimates for profit and revenue. The company attributed its hawkish performance to strong trading in recent months, and robust performance in wealth management and investment banking segments. Morgan Stanley’s earnings report…
Netflix Inc. (NASDAQ: NFLX) said on Tuesday that 8.5 million new subscribers signed-up for its streaming service in the fiscal fourth quarter – taking the total to over 200 million for the 1st time in history. As per the Los Gatos-based company, new sign-ups from the United States and…
Halliburton Company (NYSE: HAL) published its earnings report for the fiscal fourth quarter on Tuesday that beat Wall Street estimates despite the ongoing Coronavirus pandemic that continues to weigh on the oil market. Halliburton is currently about 3% down on the intraday chart. The stock is trading at £15.07…
The Goldman Sachs Group Inc. (NYSE: GS) reported its financial results for the fiscal fourth quarter on Tuesday that topped analysts’ estimates for earnings and revenue. The investment bank said that its net income in Q4 jumped over 100%. In related news from the United States, Bank of…
Bank of America Corp. (NYSE: BAC) said on Tuesday that its profit in the fiscal fourth quarter topped analysts’ estimates. But revenue, it added, missed estimates as global markets segment performed weaker than expected in Q4. Bank of America shares were reported close to 1.5% down in premarket…
In an announcement on Monday, AT&T Inc. (NYSE: T) expressed plans of slashing its workforce in Slovakia in a bid to cushion the economic blow from the Coronavirus pandemic that it said was keeping demand under pressure. The COVID-19 crisis has so far infected more than 95 million people…
PNC Financial Services Group Inc. (NYSE: PNC) said on Friday that its profit came in better than last year in the fiscal fourth quarter as it released funds that it had previously set aside for credit losses. The company also expressed confidence that macroeconomic conditions were now showing signs…
Wells Fargo & Co. (NYSE: WFC) said on Friday that its profit in the fiscal fourth quarter came in better than expected. But its revenue slid more than what analysts had anticipated in Q4. The bank said that its net interest income took a hit due to COVID-19 driven…
Citigroup Inc. (NYSE: C) said on Friday that its earnings in the fiscal fourth quarter came in better than expected. Revenue, it added, printed slightly lower than what analysts had anticipated. CEO Mike Corbat commented on the quarterly report on Friday and said: “As a sign of the strength…
JP Morgan Chase & Co. (NYSE: JPM) reported its financial results for the fiscal fourth quarter on Friday that topped analysts’ estimates for earnings and revenue. The company attributed its hawkish performance to releasing money that it had previously set aside to cover for bad loans. JP Morgan shares,…
Delta Air Lines Inc. (NYSE: DAL) said on Thursday that its revenue in the fiscal fourth quarter came in better than expected on the back of robust performance from its cargo business. Its loss during the period, however, was wider than the forecast. Delta Air Lines was reported…
BlackRock Inc. (NYSE: BLK) published its earnings report for the fiscal fourth quarter on Thursday that topped analysts’ estimates for earnings and revenue. The American multinational valued assets under management at £6.37 trillion as of the end of Q4. Earlier this week, BlackRock said that it had been…
IHS Markit Ltd. (NYSE: INFO) said on Wednesday that its adjusted profit in the fiscal fourth quarter topped analysts’ expectations. Revenue in Q4, however, came in line with what experts had forecast. The American-British information provider said that a few of its end markets that took a hit due…
Target Corp (NYSE: TGT) said on Wednesday that its comparable sales jumped 17.2% in the holiday season. The company attributed the increase to digital sales that it said posted an over 100% growth on the back of higher demand for electronics, home goods, and beauty products. Target closed the…
KB Home (NYSE: KBH) said on Tuesday that its earnings and revenue in the fiscal fourth quarter topped Wall Street estimates despite the ongoing Coronavirus pandemic that has so far infected more than 23 million people in the United States and caused a little under 388 thousand deaths. Shares…
In an announcement on Tuesday, Zoom Video Communications Inc. (NASDAQ: ZM) said it will launch a secondary share sale to raise £1.10 billion. The technology company priced its shares at £247.42 apiece, that is roughly ten times the per-share price at which it debuted on the Nasdaq Stock Exchange…
Albertsons Cos. Inc. (NYSE: ACI) reported its financial results for the fiscal third quarter on Tuesday that topped analysts’ estimates for earnings and revenue despite the ongoing Coronavirus pandemic that has so far infected more than 23 million people in the United States and caused over 386 thousand deaths. …
In a statement on Monday, Lululemon Athletica (NASDAQ: LULU) expressed confidence that its fourth-quarter earnings and sales are likely to print near the higher end of its earlier guidance, as trading remained robust during the holidays. As per the prior outlook, Lululemon expected a close to 5% annualised growth…
