Earnings

PepsiCo reported fiscal second-quarter earnings on Tuesday that beat analysts’ expectations as sales of Cheetos and other salty snacks continued to offset its slumping soft drinks business. Pepsi’s North American beverage business has been struggling to contend with increased competition from upstart brands and changing consumer tastes. CEO Indra Nooyi last quarter placed the blame
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Bullish Wall Street watcher Bill Stone sees a strong earnings season ahead, with energy and technology stocks grabbing the biggest profits. In a recent interview, PNC’s former global chief investment strategist cited strong economic fundamentals as a major catalyst for blowout numbers. “From an earnings standpoint, energy probably will grow earnings about 130 percent, and
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Daniel Acker | Bloomberg | Getty Images General Mills breakfast cereal boxes are arranged for a photograph in Tiskilwa, Illinois. Cheerios cereal maker General Mills on Wednesday reported a quarterly profit that topped analysts’ estimates, as its efforts to reduce costs and improve its distribution network paid off. Gross margins of the company, which is
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Patrick T. Fallon | Bloomberg | Getty Images John Chen, chief executive officer of BlackBerry Ltd. Canadian software maker BlackBerry on Friday reported quarterly revenue and profit that topped analysts’ estimates, driven by strong growth in its high-margin software and services business. U.S.-listed shares of BlackBerry rose 2.6 percent to $11.89 in premarket trading. The
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Red Hat stock fell after the company reported better-than-expected earnings for the first quarter of its 2019 fiscal year but lower-than-expected guidance on Thursday. The stock fell more than 14 percent in Friday trading, in its worst day since 2006. Here’s how the company performed: Earnings: Excluding certain items, 72 cents per share, vs. 69
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Wall Street is buzzing over Micron’s surging profit growth and its better-than-expected sales forecast. Micron shares rose 4 percent at one point in early trading Thursday, a day after it reported better-than-expected fiscal third-quarter earnings and gave a fourth-quarter revenue guidance above consensus expectations. The stock closed up nearly 1 percent on Thursday. J.P. Morgan
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Oracle reported better-than-expected earnings for its fiscal fourth quarter after customers spent more money on cloud services. The stock rose slightly in extended trading after falling 0.5 percent to $46.27 at the close. But after the company provided guidance, the stock tumbled. Here are the numbers: Earnings: Excluding certain items, 99 cents per share vs.
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For the Creative Cloud business, which includes tools like Photoshop and Illustrator, international momentum was especially strong, and in the enterprise-focused Experience Cloud business, the tone they picked up on was positive “for the first time in three or four quarters,” they wrote. There was a “softening competing environment” from the likes of Oracle and
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