[ad_1] Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit and revenue on better-than-expected interest income and investment banking. Here’s what the company reported: Earnings: 83 cents a share adjusted, vs. 76 cents expected, according to LSEG Revenue: $25.98 billion, vs. $25.46 billion expected The bank …
Read More »Tag Archives: Breaking News: Earnings
Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
[ad_1] Goldman Sachs on Monday posted first-quarter profit and revenue that topped analysts’ expectations, fueled by a surge in trading and investment banking revenue. Here’s what the company reported: Earnings: $11.58 per share, vs. $8.56 expected, according to LSEG Revenue: $14.21 billion, vs. $12.92 billion expected The bank said profit …
Read More »Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
[ad_1] Citigroup on Friday posted first-quarter revenue that topped analysts’ estimates, helped by better-than-expected results in the bank’s investment banking and trading operations. Here’s how the company performed, compared with estimates from LSEG, formerly known as Refinitiv: Earnings: $1.86 per share, adjusted, vs. $1.23 expected Revenue: $21.10 billion vs. $20.4 …
Read More »JPMorgan Chase tops estimates on better-than-expected credit costs, trading revenue
[ad_1] Jamie Dimon, President and CEO of JPMorgan Chase, speaking on CNBC’s “Squawk Box” at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 17, 2024. Adam Galici | CNBC JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading …
Read More »Nearly half of Levi’s sales are happening online and in its shops, a shift as department stores fade
[ad_1] Levi Strauss, which has long relied on wholesalers like Macy’s and Kohl’s to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday when reporting fiscal first-quarter earnings. In the three months ended Feb. 25, direct-to-consumer sales made …
Read More »Lululemon shares plunge 10% on weak guidance, slowing North America growth
[ad_1] Lululemon on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer’s guidance came in below estimates as its growth in North America stagnates. Here’s how the company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts …
Read More »Nike holiday sales top estimates, helped by better than expected North America growth
[ad_1] Nike on Thursday reported holiday sales that beat estimates, helped by better than expected growth in North America. Here’s how the company performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings per share: 77 cents vs. 74 …
Read More »Adobe shares slip 10% on soft sales forecast
[ad_1] Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares tumbled as much as 11% in extended trading Thursday after the design software maker issued strong fiscal first-quarter results but …
Read More »Shares of Dick’s Sporting Goods soar 15% on holiday earnings beat, dividend raise
[ad_1] Dick’s Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth. The company’s shares jumped more than 15% in intraday trading. CEO Lauren Hobart said on an earnings call Thursday that Dick’s sales …
Read More »Petco CEO Ron Coughlin is out, former Best Buy exec to step in as interim chief executive
[ad_1] Ron Coughlin, chief executive officer of Petco Animal Supplies Inc., outside the Nasdaq MarketSite during Petco Health & Wellness Co. initial public offering (IPO) in New York, Jan. 14, 2021. Michael Nagle | Bloomberg | Getty Images Petco announced Wednesday that its CEO, Ron Coughlin, is stepping down, and …
Read More »