Diversified conglomerate General Electric Co. (GE) Thursday said its first-quarter profit declined from the prior year, but operating earnings came ahead of expectations. Further, the company's Industrial segment reported growth in earnings and revenues. GE said its 2014 framework remains unchanged.
Oilfield services provider Schlumberger Limited Thursday reported a higher first-quarter profit, reflecting growth in revenues. The company said its solid year-on-year growth rates were led by the Middle East & Asia and North America areas.
The mood on Wall Street has turned cautious once again after the gains of the previous three sessions. The major U.S. index futures point to a modestly lower opening on Thursday. With the extending weekend looming ahead, traders may prefer to remain cautious, especially as some tech earnings released...
Business software maker SAP AG Thursday reported a higher first-quarter profit, as revenues grew 3 percent, helped by 60 percent growth in cloud subscriptions and support revenues. The company also confirmed its full-year 2014 outlook.
Drinks giant Diageo Plc. (DGE.L, DEO) Thursday reported a drop in organic net sales growth and volume for the third quarter, as currency and economic weakness impacted consumer confidence across many emerging markets. The stock fell 5 percent in early morning trade.
Dutch paint maker Akzo Nobel NV (AKZOY.PK, AKZOY) Thursday reported a significant increase in profit for the first quarter, supported by lower financing expenses, even as revenue slipped due to adverse currency. Volume and price/mix development was positive in all three business areas. Further, the firm said it is on track to deliver its targets for 2015.
European stocks are seen opening largely unchanged on Thursday, as investors pause for breath following the previous session's rally. That said, renewed optimism over the U.S. economic recovery may help keep sentiment from faltering ahead of the Good Friday holiday.
After a slew of positive data...
Credit card lender Capital One Financial reported an increase in first-quarter profit, helped mainly by a decline in loan-loss provisions even as revenue came under pressure. Earnings topped Wall Street estimates, but revenue fell short of expectations.
Flash memory card maker SanDisk Corp. (SNDK) said Wednesday after the markets closed that its first quarter profit jumped 62% from last year, as revenue surged 13% and margin improved sharply.
The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as...
American Express Co. (AXP) Wednesday reported a 12 percent increase in profit for the first quarter, driven largely by higher card spending by its affluent customers despite a very harsh winter. Earnings for the quarter trumped Wall Street expectations, while revenues fell short of estimates.
Google reported an increase in first-quarter profit, as revenues jumped about 19 percent. Nonetheless, concerns lingered over weak ad prices, bottomline partly hurt by research expense and loss from discontinued operations, with both earnings and revenue falling short of Wall Street estimates.
International Business Machines Corp. said Wednesday after the markets closed that its first quarter profit fell 21% from last year, hurt by lower revenue as well as a hefty workforce rebalancing charge. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
Stocks moved sharply higher over the course of the trading day on Wednesday, further offsetting the steep losses posted late last week. The markets benefited from a positive reaction to the latest earnings news as well as remarks by Federal Reserve Chairman Janet Yellen. The major averages saw further upside going into the close, ending the session at their best levels of the day.
While Republicans will try to use the troubled rollout of Obamacare to their advantage in the upcoming midterm elections, the results of a Reuters/Ipsos poll showed that Americans increasingly think Democrats have a better plan for healthcare.
U.S. crude oil snapped a two-day loss to end a tad higher on Wednesday, after Janet Yellen said the Fed will continue to keep its benchmark interest rates at very low levels for a considerable period of time. The marginal rise comes after an official Energy Information Administration report showed crude...