Eric Yuan, CEO, Zoom Video Communications Source: CNBC Shares of videoconferencing software company Zoom dropped as much as 10% after-hours on Wednesday, even though the company reported fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. Zoom had been on a tear during the coronavirus outbreak, as companies turned to remote work — the stock […]
Tag: Breaking News: Earnings
Morgan Stanley Earnings Q4 2019
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 99 cents a share, 24% higher than a year earlier, according to Refinitiv Revenue: $9.72 billion, 14% higher than a year earlier Wealth management: $4.39 billion, according to […]
Goldman Sachs dumped its entire stake in Uber late last year
Uber CEO Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely resulted in a large gain for the early investor in Uber, helped the bank beat […]
Bank of America (BAC) earnings Q4 2019
The financial institution posted fourth-quarter revenue of $7 billion, a 4% decline from a 12 months earlier, or 74 cents a share, which was an surprising 6% improve helped by a discount in excellent shares. That determine exceeded the 68 cent estimate of analysts surveyed by Refinitiv. Revenue fell 1% to $22.5 billion, edging out […]
Delta (DAL) earnings Q4 2019
A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines’ fourth quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel — particularly for high-priced premium tickets — demanded lifted the Atlanta-based carrier’s results. Before the market opened on Tuesday, Delta reported per-share […]
JP Morgan Chase (JPM) earnings Q4 2019
Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC J.P. Morgan Chase posted profit that exceeded analysts’ expectations on a surge in fourth-quarter trading revenue. is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $2.35 […]