Breaking News: Earnings
Strong Taco Bell sales fuel Yum Brands earnings beat
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024. Justin Sullivan | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that beat Wall Street estimates, fueled by strong sales for KFC’s international restaurants and Taco Bell. Shares of the company rose more than 7% in […]
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Shares of Peloton surge 13% as it edges closer to profitability, posts better than expected results
Peloton told investors Thursday it still has a “steep hill to climb” to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco. The bike maker posted mixed fiscal second quarter results, as it topped Wall Street’s sales estimates but lost […]
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Bristol Myers Squibb plans $2 billion in cost cuts by 2027, issues weak guidance
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Thursday said it will slash $2 billion in costs by the end of 2027, expanding its ongoing cost savings effort to chart a path toward long-term […]
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Eli Lilly posts mixed quarter even as demand for weight loss, diabetes drugs soars
The Lilly Biotechnology Center in San Diego, California, on March 1, 2023. Mike Blake | Reuters Eli Lilly on Thursday reported mixed results for the fourth quarter as sales of its blockbuster weight loss and diabetes drugs soared but it saw lower realized prices. The figures were consistent with the preliminary results Eli Lilly shared […]
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Ford beats earnings expectations but forecasts tougher year ahead
DETROIT — Ford Motor beat Wall Street’s top- and bottom-line expectations for the fourth quarter but forecast a tougher year ahead for the company, as CEO Jim Farley promises improvements in vehicle quality and costs. Shares of Ford fell 5% in after-hours trading. Ford’s forecast this year calls for adjusted earnings before interest and taxes […]
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Uber beats fourth-quarter revenue expectations but offers soft guidance
Uber shares fell around 7% in premarket trading Wednesday after the ride-sharing company reported fourth-quarter results that beat analysts’ expectations for revenue but offered soft guidance. Here’s how the company did: Earnings per share: $3.21. That does not compare with the 50 cents expected by LSEG. Revenue: $11.96 billion vs. $11.77 billion expected by LSEG. Uber’s revenue […]
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Here’s what to expect when Disney reports earnings before the bell
Mickey Mouse and Minnie Mouse balloons fly in front of Cinderella’s Castle at the Magic Kingdom Park in Walt Disney World in Orlando, Florida, on May 31, 2024. Gary Hershorn | Corbis News | Getty Images Disney will report its fiscal first-quarter earnings before the bell on Wednesday, and Wall Street will be paying close […]
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Chipotle earnings beat estimates, but stock falls on weak same-store sales forecast
A Chipotle restaurant stands in Manhattan, New York City, on Feb. 6, 2024. Spencer Platt | Getty Images Chipotle Mexican Grill on Tuesday said traffic to its restaurants keeps rising, helping the company top analysts’ estimates for its quarterly earnings. However, the burrito chain disappointed investors with its same-store sales forecast for 2025. Shares of […]
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Pfizer tops earnings estimates as Covid product sales beat expectations and cost cuts pay off
Albert Bourla, chairman and CEO of Pfizer, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. Andrew Kelly | Reuters Pfizer on Tuesday reported fourth-quarter earnings and revenue that beat estimates as sales of the company’s Covid products topped expectations and its broad cost-cutting efforts took […]
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PepsiCo earnings beat estimates, but demand for drinks and snacks drops in North America
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City. Michael M. Santiago | Getty Images PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America for the fifth straight quarter. […]
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