Earnings
Consumer companies are bracing for lower profits as tariffs force shoppers to rethink spending
A Chipotle store stands in the Bronx on April 23, 2025 in New York City. Spencer Platt | Getty Images From Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their profits and put more pressure on an already shaky consumer. At least a dozen companies have […]
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ServiceNow shares pop 15% on strong earnings, upbeat guidance
Bill McDermott, chairman and CEO of ServiceNow, speaks during an interview on the floor at the New York Stock Exchange on Oct. 26, 2023. Brendan Mcdermid | Reuters ServiceNow shares surged 15% on stronger-than-expected first-quarter results and an upbeat forecast despite the uncertain macroeconomic environment. The enterprise technology company posted adjusted earnings of $4.04 per […]
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Alphabet to report Q1 earnings results after the bell
Alphabet, the parent company of Google and YouTube, is set to report first-quarter earnings after the bell Thursday. Here’s what analysts are expecting. Revenue: $89.2 billion, according to LSEG Earnings per share: $2.02, according to LSEG YouTube advertising revenue: $8.97 billion, according to StreetAccount Google Cloud revenue: $12.27 billion, according to StreetAccount Traffic acquisition costs (TAC): $13.66 billion, according to […]
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PepsiCo cuts earnings forecast as it predicts ‘uncertainty’ in tariffs, consumer spending
Bottles of Pepsi soda are displayed in a store on March 17, 2025 in New York City. Spencer Platt | Getty Images PepsiCo on Thursday reported mixed quarterly results as its international sales offset weaker demand in North America. The food and beverage giant also cut its forecast for core constant currency earnings per share, […]
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Procter & Gamble CEO says price hikes are ‘likely,’ as Tide owner cuts outlook due to tariffs, uncertainty
Procter & Gamble on Thursday reported mixed quarterly results as demand for its products fell, gave a dimmer outlook for the current quarter and said price hikes could be coming. The company, which owns Tide and Charmin, slashed its forecast for core earnings per share and revenue for the full fiscal year, which is in […]
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American Airlines withdraws 2025 forecast on murky economic outlook
American Airlines withdrew its 2025 financial guidance on Thursday, joining other carriers that are grappling with an uncertain outlook on the U.S. economy and weaker-than-expected leisure travel bookings this year. “We came off a strong fourth quarter, saw decent business in January and really domestic really travel fell off considerably as we went into the […]
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Bristol Myers Squibb tops quarterly estimates, hikes outlook as drugmaker braces for tariffs
FILE PHOTO: 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 beat first-quarter estimates and hiked its revenue and profit guidance for the year, as the drugmaker cuts costs. The company now expects 2025 […]
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Comcast beats first-quarter earnings estimates despite losing broadband customers
Customers enter an Xfinity Store by Comcast on February 24, 2025 in San Francisco, California. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images Comcast surpassed first-quarter expectations on Thursday even as the company lost broadband customers amid heightened competition. While domestic broadband revenue was up 1.7% to $6.56 billion, Comcast lost 199,000 total […]
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Merck lowers profit outlook, partly due to $200 million expected tariff hit
Nurphoto | Nurphoto | Getty Images Merck on Thursday lowered its full-year profit guidance, citing $200 million in estimated costs for tariffs and a charge tied to a recent deal. The company now expects its 2025 adjusted earnings to come in between $8.82 and $8.97, down slightly from a previous outlook of 8.88 to $9.03 […]
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World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech downturn
The facade of Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Bloomberg | Bloomberg | Getty Images Norges Bank Investment Management — the largest sovereign wealth fund in the world — on Thursday reported a first-quarter loss of 415 billion kroner ($40 billion), citing weakness in the tech sector. “The quarter has been […]
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