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By Nicole Maestri 12 minutes ago NEW YORK (Reuters) - J.C. Penney Co Inc (JCP.N) and Abercrombie & Fitch Co (ANF.N) reported quarterly profits that beat Wall Street expectations on Friday, but came up short in their earnings forecasts, joining other U.S..
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25 minutes ago NEW YORK (Reuters) - J.C. Penney Co Inc (JCP.N) said on Friday quarterly profit fell 36 percent and forecast earnings for the current quarter below Wall Street expectations, hurt by cutbacks in consumer spending.
The mid-tier department..
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By Walter Brandimarte 41 minutes ago NEW YORK (Reuters) - Wall Street could be in for more volatility next week as investors brace for a new batch of key earnings reports and the U.S. Federal Reserve's assessment of the economy.
A slightly positive but..
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3 minutes ago NEW YORK (Reuters) - Chevron Corp (CVX.N), the second-largest U.S. oil company, said on Friday its second-quarter earnings rose 11 percent as record oil prices outweighed a loss from its refining operations.
Net income rose to $5.98 billi..
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1 hour, 7 minutes ago NEW YORK (Reuters) - Credit card network Visa Inc(V.N) said on Wednesday that quarterly earnings rose 41 percent as fee revenue from international transactions rose.
The results were better than the average forecast of analysts, a..
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45 minutes ago LOS ANGELES (Reuters) - Electronic Data Systems Corp (EDS.N), the second-largest technology outsourcing company, on Monday posted higher-than-expected quarterly earnings and said contract signings rose 27 percent from the year ago.
Net i..
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1 hour, 5 minutes ago NEW YORK (Reuters) - Hartford Financial Services Group Inc (HIG.N) earnings fell in the second quarter, hurt by higher catastrophe claims and lower investment returns, but the results still beat Wall Street expectations.
Hartford,..
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By Joan Gralla 1 hour, 12 minutes ago NEW YORK (Reuters) - Wall Street earnings are "unlikely" to recover in the second half of this year meaning New York City's fiscal deficits could soar above the mayor's forecasts, the state comptroller warned on Mon..
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Patrick Cain Tue Jul 22, 6:06 PM ET Would you buy, sell or hold this stock?
The company at this time was heavily traded and owned by dozens of mutual funds.
Its earnings growth jumped from 67% in the September 2005-ended quarter to 117% in the March 2..
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By Ben Hirschler 2 hours, 3 minutes ago LONDON (Reuters) - The world's two biggest drugmakers, Pfizer Inc (PFE.N) and GlaxoSmithKline Plc (GSK.L), both beat expectations for quarterly earnings on Wednesday, as did Wyeth (WYE.N), indicating the sector's..
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By Ransdell Pierson 4 minutes ago NEW YORK (Reuters) - Pfizer Inc (PFE.N) on Wednesday said quarterly earnings more than doubled on higher sales of its prescription drugs and lower expenses, but its Chantix quit-smoking drug lost more than a third of it..
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23 minutes ago SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) on Monday warned that its current-quarter earnings would be well below Wall Street targets despite a better-than-expected third-quarter profit on brisk sales of its Macintosh computers and iPod..
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By MADLEN READ, AP Business Writer Sun Jul 20, 1:42 PM ET NEW YORK - Wall Street surged higher last week, but that's cold comfort to people whose stock portfolios are still down more than 10 percent this year.
The week's better than expected earnings n..
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18 minutes ago NEW YORK (Reuters) - Wal-Mart Stores Inc (WMT.N) on Thursday reported a 5.8 percent rise in June sales at U.S. stores open at least a year, beating Wall Street estimates, and the discount retailer raised its second-quarter earnings foreca..
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1 hour, 51 minutes ago NEW YORK (Reuters) - UnitedHealth Group (UNH.N) on Wednesday cut its full-year earnings outlook because of tough competition in the health benefits business.
The health insurer forecast earnings per share of $2.95 to $3.05 before..
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By Brad Dorfman and Philip Blenkinsop 11 minutes ago CHICAGO/BRUSSELS (Reuters) - Anheuser-Busch Cos Inc (BUD.N) on Friday laid out a plan to cut $1 billion in costs and improve earnings as it tries to convince investors that InBev NV's (INTB.BR) $46.3..
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20 minutes ago KANSAS CITY, Missouri (Reuters) - Monsanto Co (MON.N) posted higher-than-expected quarterly profit on Wednesday and raised its full-year earnings forecast, citing strong sales of herbicides and specialty seeds.
The St. Louis-based agricu..
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1 hour, 14 minutes ago CHICAGO (Reuters) - General Mills Inc (GIS.N) on Wednesday reported a fall in fourth-quarter net earnings and said it expects costs to rise 9 percent in the current fiscal year as the food industry faces a continued increase in pr..
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1 hour, 57 minutes ago NEW YORK (Reuters) - The U.S. corporate profit outlook is deteriorating rapidly, with S&P 500 earnings for the second quarter now seen falling at a double-digit pace from a year earlier, according to Thomson Reuters Proprietary Re..
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57 minutes ago LOS ANGELES (Reuters) - United Parcel Service Inc (UPS.N) on Monday warned that its second-quarter earnings would be below expectations due to a sluggish U.S. economy and soaring fuel costs.
The announcement came less than a week after r..
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