Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates.
Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook.
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its second quarter loss widened sharply from last year, as higher costs and expenses more than offset a 33% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in well above analysts' expectations as did its quarterly revenue.
After seeing initial weakness, stocks staged a significant recovery over the course of morning trading on Thursday. While the tech-heavy Nasdaq climbed firmly into positive territory, the Dow and the S&P 500 spent the rest of the session near the unchanged line.
U.S. crude oil snapped a two-day gain to end lower on Thursday, as the dollar trended higher on some encouraging second-quarter economic activity data from the U.S. and on renewed concerns of a supply glut in the near future.
Earlier in the day, oil futures found support following reports that Saudi...
A day before a Friday deadline, the Senate voted Thursday to approve bills providing both short-term and long-term highway funding. Senate Majority Leader Mitch McConnell said the three-month extension will give the House time to develop its own long-term bill.
Gold futures ended lower on Thursday, as the dollar strengthened after a slightly dovish Federal Reserve statement failed to give gold any momentum. Yesterday's Fed statement gave little indication as to whether the central bank will raise rates in September.
Some uncertainty continue to persist over...
Starwood Hotels & Resorts Worldwide, Inc. (HOT) said Thursday that its second quarter profit fell 11% from last year, hurt by lower revenue as well as restructuring and special charges.
However, the company's quarterly earnings per share, excluding items, came in above analysst' expectations as did...
Home buyers seem to be reaping the benefits of attractive mortgage rates, with the average 30-year fixed mortgage rate ducking just under four percent, a report from Freddie Mac said Thursday.
It is impossible to imagine a life without internet as it has become an important feature in almost every aspect of daily life. Internet routinely keeps people up-to-date on news and sports, and enable them stay connected with family and friends, for shopping and banking, and many other needs. However,...
Stocks have shown a significant rebound over the course of the trading day on Thursday after coming under pressure early in the session. The major averages have climbed well off their worst levels of the day, with the Nasdaq peeking into positive territory.
The car icons that are seen hovering in the vicinity of a passenger's pick-up location while opening the Uber passenger app might be fake, according to a research from think-tank Data & Society.
Critics claim Donald Trump is not a serious candidate for president, but the results of a new Quinnipiac University Poll are the latest to show the real estate mogul leading in the race for the Republican nomination.
Automaker Fiat Chrysler Automobiles NV reported Thursday a profit for the second quarter that surged 69 percent from last year, reflecting which included hefty gains from divestiture. Quarterly net revenues also grew 25 percent, and worldwide shipments edged up 1 percent from last year. The company maintained its earnings guidance for full-year 2015, while boosting annual revenue outlook.
Healthcare provider Cardinal Health, Inc. on Thursday reported a 26 percent increase in profit for the fourth quarter from last year, reflecting higher revenues at both its pharmaceutical and medical segments. Both revenue and adjusted earnings per share for the quarter beat analysts' estimates. Looking ahead, the company raised the lower end of its earnings outlook for fiscal 2016.