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This quarter’s earnings season kicked off with the big banks reporting better-than-expected results today. One among them is Wells Fargo (WFC), which
This quarter’s earnings season kicked off with the big banks reporting better-than-expected results today. One among them is Wells Fargo (WFC), which beat the Street’s topline estimate modestly while falling short of bottom line estimates. Wells Fargo stock was trading
The third largest US bank, Citigroup (C) reported third-quarter earnings that surpassed Wall Street estimates. The company reported earnings of $1.73 per share, four cents higher than what analysts had expected on an average, riding on lower corporate tax. Earnings for
The PNC Financial Services Group Inc. (PNC) topped market estimates on revenues and earnings for the third quarter of 2018. Despite the beat, the stock was down 1% in premarket trade, hurt by higher expenses. The financial services firm reported
Delta Air Lines (DAL) topped analysts’ expectations on earnings for the third quarter of 2018 but revenues slightly missed the mark. The stock rose 3.3% in premarket hours. The airline reported total operating revenue of $11.9 billion, an increase of
Fastenal Company (FAST) topped market expectations on sales and profits for the third quarter of 2018 but shares still dropped over 2.5% during premarket hours on Wednesday. The industrial supplies manufacturer reported net sales of $1.28 billion, up 13% from
Helen of Troy Limited (HELE) topped market estimates on revenues and earnings for the second quarter of 2019, lifting the stock by more than 4% during premarket hours on Tuesday. The consumer products company reported a 14.1% growth in consolidated
It’s that time of the year when retailers rejoice and customers shop till they drop. As usual, two big-box retailers – Walmart (WMT) and Target (TGT) – will be looking to bag the most significant share of the holiday purchases.
Higher sales, both in stores and online, pushed up Costco’s (COST) fourth-quarter earnings, which came in line with Wall Street estimates. Meanwhile, the earnings report said the company detected a ‘material weakness' in its internal control over financial reporting, causing
International Speedway Corporation (ISCA) topped market estimates on revenues and profits for the third quarter of 2018. Despite the beat, shares are down over 10% during the first hour of morning trading session, hurt by the trimmed outlook. Total revenues
Constellation Brands Inc. (STZ) topped market estimates on sales and earnings for the second quarter of 2019. Shares were up over 3% during premarket hours on Thursday. The New York-based brewer reported net sales of $2.3 billion, up 10% compared
Lamb Weston Holdings Inc. (LW) topped market estimates on revenues and earnings for the first quarter of 2019. The stock was up over 4% in premarket hours. The company reported a 12% increase in net sales to $915 million compared
Tesla (TSLA) delivered 83,500 vehicles and produced 80,142 vehicles during the third quarter ended September 30, 2018, the company announced on Tuesday. After CEO Elon Musk and Tesla agreed to SEC’s conditions on Saturday, shares of Tesla rose 17.35% to
PepsiCo Inc. (PEP) beat market estimates on revenue and earnings for the third quarter of 2018. Despite the positive results, the stock is down slightly in premarket trade. The food and beverages giant reported total revenues of $16.4 billion, up
PepsiCo (PEP) has not been in the news recently, especially when you pit it against its main rival The Coca-Cola Company (KO). A month ago, Coke announced its plans to buy coffee chain Costa from UK-based Whitbread Plc for $5.1
Renowned economist Ted Bauman recently sent shockwaves across the markets when he predicted a market crash with a 70% collapse as early as next month using a slew of charts to make his point clear. The fact that Bauman is
Carnival Corporation (CCL/CUK) reported a 28% jump in earnings for the third quarter, as streamlined operations offset fuel and currency headwinds. Though the results surpassed consensus estimates, the cruise operator's stock fell more than 6% in early trade on Thursday
Conagra Brands Inc. (CAG) missed market expectations on revenue and earnings for the first quarter of 2019 and provided a weak outlook, sending shares falling over 8% during premarket hours on Thursday. The stock is currently down over 5%. The
Rite Aid Corporation (RAD) met analysts’ expectations on earnings and topped them on revenues for the second quarter of 2019. Shares are up over 2% in premarket trade. The company reported revenues of $5.4 billion for the second quarter of
Sustained demand for digital and cloud products pushed up Accenture’s (CAN) revenues in the fourth quarter. As a result, earnings increased exceeded analysts’ forecast. The company provided guidance for fiscal 2019 and raised its semi-annual dividend by 10%. The stock
Bed Bath and Beyond (BBBY) once again disappointed investors this week by reporting dismal results for the second quarter, marked by a surprise fall in same-store sales. The results, weakened by the continuing squeeze on margins from cost escalation, also
CarMax Inc. (KMX) beat analysts’ expectations on sales and earnings numbers for the second quarter of 2019, lifting the stock by 3% during premarket hours on Wednesday. The used-car retailer reported net sales and operating revenues of $4.7 billion, up
