Earnings

Bank of America Tops Fourth-Quarter Profit Estimates

Bank of America Tops Fourth-Quarter Profit Estimates

Bank of America released fourth-quarter earnings Tuesday exceeding analysts’ estimates for profit while revenue fell short. The bank has pledged…

Citigroup Surpasses Profit Forecasts For Fourth-Quarter, Misses Revenue

Citigroup released fourth-quarter results Friday reporting profit higher than analysts predicted while revenues were below expectations. Shares fell by 4%…

Foot Locker Posts Third Quarter Earnings, Surpasses Investors Forecasts

Foot Locker posted higher than expected earnings of $1.21 per share for the third quarter ending on November 1 as…

Interest rates are rising, a bad sign as the economy slides toward recession

The Fed is throwing all of its fire power at markets, and yet interest rates continue to rise, a troubling…

Tencent investors weigh up impact on the tech giant

A pedestrian walks past Tencent Holdings's headquarters in Shenzhen, China.Qilai Shen | Bloomberg | Getty ImagesShares of Chinese technology giant…

Even with $1 trillion stimulus, hit to economy and employment will be big

A bar sits closed in the early evening in Brooklyn after a decree that all bars and restaurants shutdown by…

Stitch Fix shares are tanking, biz could be near ‘saturation point’

Katrina Lake, founder and chief executive officer of Stitch Fix Inc.Patrick T. Fallon | Bloomberg | Getty ImagesStitch Fix shares…

Zoom (ZM) earnings Q4 2020

Eric Yuan, CEO, Zoom Video CommunicationsSource: CNBCShares of videoconferencing software company Zoom dropped as much as 10% after-hours on Wednesday,…

Nordstrom (JWN) reports fourth quarter 2019 earnings miss

Rolls of gift paper hang on display at a Nordstrom Local concept store in New York, Sept. 5, 2019.Demetrius Freeman…

Coca-Cola expects coronavirus could hit first-quarter earnings by up to 2 cents

Coca-Cola said Friday that the COVID-19 outbreak could drag down its first-quarter earnings by as much as 2 cents.The global…