Tag: Earnings surprises
Wells Fargo beats expectations with $6 billion profit in 2Q
SILVER SPRING, Md. — Wells Fargo had its most profitable quarter in two years, easily beating Wall Street estimates as the global economy continues...
Citigroup profits soar due to fewer bad loans
NEW YORK — Citigroup profits jumped more than five fold from a year earlier, helped by an improving economy that resulted in fewer bad...
American Airlines forecasts better-than-expected 2Q results
FORT WORTH, Texas — American Airlines said Tuesday it expects to report roughly break-even results for the second quarter thanks to $1.4 billion in...
Earnings boom is expected a year after pandemic-driven skid
LOS ANGELES — Wall Street is gearing up for a slew of blockbuster earnings over the next few weeks as companies issue their results...
Nike shares surge premarket on N. American sales, outlook
Nike's shares are soaring before the opening bell Friday, as the footwear and clothing company posted record fiscal fourth-quarter sales in North America and...
GM raises forecast, says chip shortage not as bad as feared
DETROIT — General Motors says efforts to manage the global computer chip shortage have worked better than expected, so it's financial results will improve...
Disney Q2 revenue drops on continued weakness in parks
NEW YORK — Disney second-quarter revenue dropped as the pandemic continued to weigh on its parks and theme parks. But net income beat expectations...
Streaming revenue boosts ViacomCBS Q1 results
ViacomCBS's first-quarter net income beat expectations on strong streaming revenue during a quarter when the company aired the Super Bowl and introduced its rebranded...
Nokia profit soars on buoyant sales for 5G technology
HELSINKI — Wireless network maker Nokia on Thursday reported substantially improved, better than expected first-quarter profit on buoyant sales of its new generation 5G...
Microsoft beats Wall Street expectations for early 2021
Microsoft’s business beat Wall Street expectations for the first three months of 2021, thanks to ongoing demand for its software and cloud computing services...