Earnings

Restaurant Brands International’s first-quarter profit topped analysts’ estimates on Tuesday, vindicating the company’s strategy of cheaper meals and more breakfast options at the Burger King chain. The company, which is striving to better compete with McDonald’s and Yum Brands’ KFC, said same-store sales at Burger King rose 3.8 percent in the three months ended March
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Drug developer Biogen reported a 11.4 percent rise in quarterly revenue as sales of key drugs Tecfidera and Spinraza climbed, albeit at a weaker-than-expected pace. The company’s top-earning multiple sclerosis drug Tecfidera brought in a revenue of $987 million in the quarter, falling short of analyst estimate of $1.02 billion. Sales of spinal muscular atrophy
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Huggies and Kleenex producer Kimberly-Clark reported better-than-expected first-quarter profit and sales on Monday, helped by strong growth in tissue sales. Shares of the company rose 2.5 percent at $102.50 in premarket trading on Monday. Revenue jumped 5 percent to $4.73 billion in the quarter ended March 31, beating analysts’ average estimate of $4.60 billion. Sales
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Shares of toy maker Hasbro plummeted in premarket trading Monday after the company posted weaker-than-expected earnings following the liquidation of Toys R Us. “As we discussed earlier in the year, our first quarter was expected to be difficult,” CEO Brian Goldner said in a statement Monday. “We are working to put the near-term disruption from
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Getty Images Dave Lesar (3rd L), Chairman and Chief Executive Officer of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City Oilfield services provider Halliburton reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to
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The second significant change to Alphabet’s balance sheet comes because of a new accounting standard for equity security investments. Under the new rule, called Accounting Standards Update 2016-01, Alphabet has to report the unrealized gains and losses from its investments on its income statement. For example, Alphabet bought a stake in both ride-hailing start-up Uber
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Christopher Goodney | Bloomberg | Getty Images Darius Adamczyk, chief executive officer of Honeywell International Inc. Honeywell reported a higher-than-expected profit for the first quarter on Friday and lifted its full-year earnings forecast for the second time this year, citing higher sales in its aerospace business. Industrial conglomerate Honeywell, which makes everything from jet engines
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Kirk McKoy | Los Angeles Times | Getty Images An oil rigger at a Schlumberger field prepares pipes in Midland, Texas. The world’s largest oilfield services provider Schlumberger reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending. Net profit attributable
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General Electric reported first-quarter earnings Friday that outpaced Wall Street expectations and reaffirmed its financial outlook for the year. Shares of GE rose as high as 7 percent in early trading, before sliding to trade 3 percent up on the day. Earnings in the latest period were fueled by strong performance by the company’s aviation,
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Pier 1 Imports‘ stock plummeted more than 20 percent Thursday morning after the company reported sales that missed analysts’ expectations, also ceasing its dividend payouts. The home furnishings retailer said halting its dividend payments to investors “will enable the company to allocate greater resources toward implementing its three-year strategic plan to drive sales and earnings
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Bank of New York Mellon reported a better-than-expected first-quarter profit on Thursday, as surging equity markets and a weaker dollar helped drive double-digit growth in its assets servicing and management businesses. Shares of the world’s largest custodian bank rose 3.3 percent at $54 in premarket trading. Asset servicing revenue surged 13 percent to $1.52 billion,
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Daniel Acker | Bloomberg | Getty Images An employee walks near an Abbott Laboratories sign at the company’s headquarters complex in Abbott Park, Illinois. Abbott Laboratories reported better-than-expected quarterly profit and sales, helped by growth across its businesses and device launches. The diversified health-care company reported net earnings of $418 million, or 23 cents per
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Walgreens Boots Alliance’s quarterly profit and sales beat analysts’ estimates on Wednesday, as the drugstore chain filled more prescriptions and kept costs down. Shares of the Deerfield, Illinois-based company rose 4.8 percent to $69.11 in premarket trading. The drug retailer also lifted its full-year adjusted earnings forecast to between $5.85 and $6.05 per share from
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Canada’s BlackBerry beat analysts’ profit estimates for its fourth quarter, and said it expects strong billings at its high-margin software and services business for the full year, sending its U.S.-listed shares up 5 percent. The company, which reinvented itself after customers ditched its smartphones for Apple’s iPhones and Android devices, said revenue from its enterprise
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Lululemon Athletica reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday, as the athleisure brand reported success on a number of its key initiatives, including its expansion into menswear, online and internationally. The athleisure brand reported net revenue of $929 million, beating expectations of $912 million. That figure represented an increase of 18
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Chinese internet giant Tencent will step up investments in areas such as video, payment and artificial intelligence, it said after reporting better than expected quarterly net profit thanks to a string of successful IPOs. With a market capitalization of around $560 billion, Tencent is Asia’s most valuable listed company and the world’s no.5, after Apple,
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