Tag Archives: Earnings

Coach owner Tapestry sees people gearing up for weddings and office work again

Coach Signature handbag Source: Coach Coach and Kate Spade owner Tapestry is seeing signs that consumers are returning to celebrating love, gathering with friends and going back into offices. “We are starting to see where people have put off weddings for over a year — some of those life events — people are coming out […]

Anheuser-Busch InBev stock rises as brewer picks an insider as its next CEO

Carlos Brito, chief executive of Anheuser-Busch InBev, Eric Vidal | Reuters Shares of Anheuser-Busch InBev rose more than 5% in midday trading Friday after the Bud Light brewer announced that CEO Carlos Brito will step down, effective July 1. Michel Doukeris, who currently serves as the head of the company’s North American business, will take […]

Moderna says early data shows Covid vaccine is 96% effective in teens

A nurse draws a Moderna coronavirus disease (COVID-19) vaccine, at East Valley Community Health Center in La Puente, California, March 5, 2021. Lucy Nicholson | Reuters Moderna said its Covid-19 vaccine is 96% effective in kids ages 12 to 17, according to early data released with the company’s first-quarter earnings Thursday. The young biotech company, […]

PayPal beats as revenue grows 31% from last year

The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal shares rose as much as 5.5% in extended trading on Wednesday after reporting first-quarter earnings that were stronger than analysts had expected. Here’s how the company did: Earnings per share: $1.22, adjusted, vs. $1.01 per share […]

GM expects strong first half of year despite production interruptions due to chip shortage

DETROIT – General Motors on Wednesday reported first-quarter results that easily beat Wall Street earnings expectations, saying it expected a strong first half of the year despite an ongoing global semiconductor chip shortage that has caused factory closures. Here’s how GM did compared with what Wall Street expected based on average estimates compiled by Refinitiv. […]

CVS Health earnings top estimates as Covid vaccinations, testing boost drugstore sales

People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health on Tuesday reported a strong first quarter and raised its full-year forecast, as customers came to its stores for Covid-19 vaccinations, tests and prescriptions. The company has been a major provider of Covid-19 vaccines […]

Pfizer plans to file for full FDA approval of Covid vaccine at the end of this month

Pfizer said Tuesday it plans to file for full U.S. approval of its Covid-19 vaccine with German drugmaker BioNTech at the end of this month. If the FDA signs off, the company will be able to market the shot directly to consumers. In its earnings report, Pfizer said first-quarter sales of its Covid-19 vaccine was […]

Under Armour shares rise as retailer hikes full-year outlook, sees demand returning

Shoppers pass an Under Armour store in White Plains, New York. Scott Mlyn | CNBC Under Armour on Tuesday reported first-quarter earnings and sales that topped estimates, and the sports apparel maker hiked its sales and profit outlook for the full year. Its stock jumped more than 3% in premarket trading. Here’s how the company […]

XPO Logistics reports quarterly earnings and revenue that beat expectations, raises guidance

XPO Logistics Source: XPO Logistics XPO Logistics on Monday afternoon announced better-than-expected quarterly earnings and revenue on the strength of its trucking and logistics business. Shares of XPO hit an all-time intraday high ahead of its first-quarter earnings report, which was released after the closing bell on Wall Street. The stock was slightly lower in […]

Canadian Covid outbreaks challenge Tim Hortons’ turnaround and may hide its progress

A pedestrian walks past a Tim Hortons restaurant. Ben Nelms | Bloomberg | Getty Images Canada’s worsening wave of Covid-19 cases is putting pressure on Tim Hortons, the country’s iconic coffee chain, and that could be hiding some of the progress its turnaround is making. Parent company Restaurant Brands International is a popular stock among […]

Burger King parent’s earnings beat estimates as systemwide sales top 2019 levels

Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019. Brendan McDermid | Reuters Restaurant Brands International on Friday reported quarterly earnings that topped Wall Street’s expectations as its systemwide sales surpassed 2019 levels. Shares of the company were roughly flat in […]

Ford’s ‘confusing’ 2021 guidance is hurting its stock despite blowout first-quarter earnings

DETROIT – Ford Motor easily beat Wall Street’s expectations for the first quarter despite an ongoing global semiconductor chip shortage causing low inventories and factory closures. So why are shares of the automaker down by as much as 10.4% during intraday trading Thursday? The negative reaction by investors is a mix of issues related to […]

McDonald’s revenue tops pre-pandemic levels, fueled by the strong U.S. recovery

People wear protective face masks outside McDonald’s in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 18, 2020 in New York City. Noam Galai | Getty Images McDonald’s reported its first-quarter earnings before the bell on Thursday. Here’s what Wall Street is […]

Ford is set to report results after the bell. Here’s what Wall Street expects

Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor is expected Wednesday to report a profit for the first quarter despite an ongoing semiconductor chip shortage that has […]

Chicken sandwich wars pay off for KFC and McDonald’s, putting pressure on supply

KFC’s new chicken sandwich KFC Better late than never. KFC’s and McDonald’s belated entries into the chicken sandwich wars look to be paying off for the two fast-food chains. Yum Brands executives told analysts on Wednesday that KFC is selling more than twice the volume of its new chicken sandwich compared with past versions. Yum […]