Tag: Earnings
Facebook reports soaring quarterly ad revenue, stock jumps
Facebook's stock is trading higher after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue.
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BP to launch share buyback program after big profit spike
LONDON — BP said Tuesday that it would be returning around a half-billion dollars to shareholders after “significantly” higher oil prices contributed to a...
Slipping COVID-19 treatment demand hits Eli Lilly forecast
INDIANAPOLIS — Eli Lilly fell well short of Wall Street’s first-quarter expectations, and the drugmaker chopped the top end of its earnings forecast due...
Microsoft beats Wall Street expectations for early 2021
Microsoft’s business beat Wall Street expectations for the first three months of 2021, thanks to ongoing demand for its software and cloud computing services...
Visa 2Q profits fall 2%, as economic slowdown hits payments
NEW YORK — Visa Inc.'s fiscal second-quarter profits fell 2% from a year earlier, as the company dealt with a slowdown across its payment...
Year starts with slowed credit spending at American Express
NEW YORK — American Express was hit by a slowdown in credit spending and revenue slid, but earnings topped expectations thanks to $1.05 billion...
Daimler profit jumps to 4.4 billion euros, margin outlook up
FRANKFURT, Germany — German car and truck maker Daimler AG says net profit rebounded strongly to 4.4 billion euros in the first three months...
Swiss authority to probe Credit Suisse over trading losses
GENEVA — Switzerland’s financial markets authority said Thursday it is looking into possible penalties against Credit Suisse after the top-drawer bank announced “significant losses”...
US airline bailout helps Southwest post $116 million profit
DALLAS — Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, as federal payroll aid helped boost...
Union Pacific profit down 9% but economy will grow in 2021
OMAHA, Neb. — Union Pacific's first-quarter profit declined 9% as the railroad delivered less freight and its revenue fell, but it said the economy...
