Las Vegas Sands reported a near 36 percent jump in first-quarter profit, on continued growth at its Macau operations, with results topping Wall Street estimates.
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
The world's largest specialty coffee retailer also raised its full year earnings outlook.
Internet radio service provider Pandora Media Inc. (P), Thursday said its loss for the first quarter narrowed from a year ago, driven mainly by a surge in ad revenues. However, shares of the company slipped 5 percent in extended-trade after providing a weak second-quarter outlook.
Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue.
Amazon.com Inc. (AMZN) on Thursday reported an increase in profit for the fourth quarter, thanks mainly to a 23 percent jump in revenues, with the online retailer splurging money on growth options. Earnings for the quarter came in line with analysts' estimate, while sales trumped expectations.
Visa reported a 26 percent jump in second-quarter profit on higher card spending as well as a tax benefit, with earnings topping Wall Street estimates. Revenues, however, came in short of expectations. For 2014, Visa now expects low double-digit constant revenue growth - in the 10 percent to 11 percent range. Visa shares were down about three percent in after-hours trading.
With traders weighing upbeat earnings news against concerns about the situation in Ukraine, stocks fluctuated over the course of the trading day on Thursday. A notable advance by shares of Apple (AAPL) contributed to a strong gain by the tech-heavy Nasdaq, while the Dow ended the day flat.
U.S. crude oil snapped a two-day loss to end higher on Thursday, as worries over the Ukraine situation outweighed the more-than-expected jump in U.S. crude stockpiles last week. Tensions between Ukraine and Russia further intensified, with Moscow threatening to intervene if Kiev continued its crackdown...
In a potentially pivotal Senate race, the results of a Quinnipiac University poll released Thursday showed incumbent Colorado Sen. Mark Udall, D-Col., running neck-and-neck against Republican Rep. Cory Gardner, R-Col. The poll found that 45 percent of Colorado voters would choose Udall if the election were being held today, while 44 percent said they would vote for Gardner.
While U.S. President Barack Obama and his Russian counterpart Vladimir Putin have called for a diplomatic solution to the ongoing crisis in Ukraine, the two leaders both made comments Thursday with the potential to inflame rather than tamp down the situation.
Gold futures ended at a one-week high for a second straight session, with investors continuing to opt for the safe haven of the precious metal as tensions in Ukraine intensified, after some mixed U.S. economic data with weak initial claims for unemployment benefits.
Gold for June delivery, the most...
After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading day on Thursday. The strength that has emerged on the day has largely offset the weakness that was seen in the previous session. The major averages have moved roughly sideways in recent trading, hovering in positive territory.
Diversified manufacturer 3M Company (MMM), Thursday reported an increase in profit for the first quarter, as revenues grew across almost all segments. However, both earnings and revenues for the quarter fell short of Wall Street expectations.
St. Paul, Minnesota-based 3M's first-quarter profit rose...
United Continental Holdings, Inc. reported Thursday a loss for the first quarter that widened last year. Adjusted loss per share came in narrower than analysts' expectations, but revenues missed. Southwest Airlines Co. reported a surge in profit for the quarter, reflecting lower fuel expenses and revenue growth, with adjusted earnings per share topping estimates and revenues matching.
Telecom giant Verizon Communications Inc. on Thursday reported a profit for the first quarter that doubled from last year, boosted by a gain from its acquisition of Verizon Wireless. However, adjusted earnings per share missed analysts' expectations, while revenues beat their estimates. The company added 539,000 postpaid subscribers in the quarter, down 20 percent from last year.