Earnings
Stocks making the biggest moves premarket: American Airlines, Blackstone, AT&T and more
Check out the companies making headlines before the bell: American Airlines (AAL) – American soared 10.5% in premarket trading after reporting a smaller-than-expected loss and predicting profitability for the current quarter. United Airlines (UAL) – United lost an adjusted $4.24 per share for the first quarter, 2 cents more than expected, and the airline’s revenue […]
Read More
American forecasts second-quarter profit on soaring travel demand, stock surges 9%
American Airlines Boeing 787-9 Dreamliner takes off from Los Angeles international Airport on November 11, 2020 in Los Angeles, California. AaronP | Bauer-Griffin | GC Images | Getty Images American Airlines on Thursday forecast a second-quarter profit as strong bookings help it cover soaring fuel costs. American, the country’s largest airline, said March was the […]
Read More
Dulux maker Akzo Nobel beats forecasts through higher prices
Akzo Nobel reported stronger-than-expected quarterly core earnings on Thursday as higher pricing helped offset supply chain issues, a coronavirus resurgence in China and the impact of Russia’s invasion of Ukraine. Chief Executive Thierry Vanlancker said in a statement that the group’s “vigorous pricing initiatives” had helped it manage “the unprecedented variable cost inflation that impacted […]
Read More
ABB shrugs off uncertainties to post big jump in orders
Gianluca Colla | Bloomberg | Getty Images ABB shrugged off rising global uncertainties like the war in Ukraine and increasing inflation to post a big jump in orders during the engineering and technology company’s first quarter. The maker of factory robots and industrial drives increased its new order intake by 21% to $9.37 billion, the highest […]
Read More
Stocks making the biggest moves after hours: Tesla, United, Carvana and more
An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images Check out the companies making headlines after the bell: Tesla — Shares of the electric vehicle maker rose 4% in extended trading after a better-than-expected earnings report. Tesla posted earnings of $3.22 per […]
Read More
United forecasts a 2022 profit as passengers return and pay more to fly
Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images United Airlines expects to turn a profit in 2022 for the first time since before the pandemic as bookings rise and passengers appear willing to pay more to fly. United’s shares rose more than 6% in […]
Read More
Tesla reports first-quarter earnings after the bell on Wednesday
Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Electric vehicle maker Tesla is set to deliver a first quarter earnings update after the bell on Wednesday. Here’s what Wall Street is expecting, according to […]
Read More
Looking for the next earnings season blowups after the Netflix disaster
CNBC Pro found more companies with similarly troubling set-ups after shockingly poor subscriber numbers cratered Netflix shares. Source
Read More
Netflix hit with 10 downgrades as Wall Street analysts bail after ‘shocking’ subscriber loss
Shares of Netflix sank more than 20% in extended trading after a big miss on subscribers in the first quarter. Source
Read More
Lululemon aims to double sales to $12.5 billion by 2026, eyeing even bigger men’s business
A customer looks at athletic apparel inside a Lululemon store. Xaume Olleros | Bloomberg | Getty Images Lululemon aims to double its 2021 revenue in the next five years, putting it on track to hit $12.5 billion in sales by 2026, as the retailer rides a wave of Covid pandemic-fueled demand for workout clothes. Lululemon […]
Read More