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Business

“BP Stock Falls After Earnings. It’s Tough for Big Oil to Beat Last Year.”

“BP the oil and gas company, missed analyst estimates for profit in the third quarter. It goes to show how hard it is for Big Oil to keep investors happy after making record profits last year. London-based BP (ticker: BP)… Continue Reading…

Stocks

“RTX Shares Jump After Earnings Beat, Stock Buyback, and Engine Inspection Update”

“Shares of RTX (RTX) jumped over 7% Tuesday after the defense contractor reported better-than-expected results, announced a stock buyback, and gave an upbeat assessment of the progress it is making on inspections of a potential jet engine defect. The company formerly… Continue Reading…

Business

“AT&T Earnings Top Estimates As Wireless Subscriber Adds Beat”

“…Analysts had projected AT&T earnings of 62 cents a share on revenue of $30.2 billion, according to FactSet. A year earlier, AT&T earned 68 cents a share on revenue of $30 billion from continuing operations. AT&T Stock: Free Cash Flow… Continue Reading…

Business, Stocks

“Netflix stock surges 13% as profit beats expectations, ad-tier subscriptions rise”

“Netflix shares surged Thursday morning, after the company reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier. The streaming giant said after the market closed Wednesday that it had added 8.76 million global… Continue Reading…

Business

“Johnson & Johnson beats on earnings, hikes full-year guidance as medtech sales surge”

“Johnson & Johnson on Thursday reported second-quarter revenue and adjusted earnings that topped Wall Street’s expectations, and lifted its full-year guidance as sales from the company’s medtech business jumped… That increased demand has been observed by health insurers like UnitedHealth Group and Elevance Health. Here’s how J&J results compared with… Continue Reading…

Stocks

“Best Buy shares rise on earnings beat, even as CEO says shoppers are showing ‘recessionary behaviors’”

“Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year. The company’s shares rose more than 2% in early trading Thursday. The retailer affirmed the outlook it… Continue Reading…

Business, Stocks

“Restaurant Brands earnings beats estimates, fueled by Tim Hortons’ and Burger King’s strong sales”

“…Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Restaurant Brands reported first-quarter net income of $277 million, or 61 cents per share, up from $270 million, or 59… Continue Reading…

Business, Stocks

“Coca-Cola earnings beat estimates, fueled by price hikes and higher demand”

“Coca-Cola on Monday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by price hikes and higher demand for its drinks. Shares of the company rose 1% in premarket trading. Here’s what the company reported compared with what Wall… Continue Reading…

Stocks

“Meta shares surge 15% after Facebook parent beats earnings estimates”

“Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter. Meta reported earnings per share of $2.72, higher than the $2.56 expected by analysts. However, revenue came in at $27.91 billion, lower than estimates.… Continue Reading…

Stocks

“You need to pay more attention to dividends — this math shows why they beat inflation”

“…Most investors pay little attention to them. Because the stock market’s dividend yield in recent years has been at record low levels, traders interested in turning a quick buck aren’t interested. The financial media doesn’t help matters much, since dividends… Continue Reading…