iOS app Android app

Quarterly Earnings

Walmart Blames Its Troubles On Gov't Spending Cuts

AP/HuffPost | Posted 11.14.2013 | Business

Thanks to the federal government's relentless push to cut spending, Walmart's shoppers are hurting and so is the retailing giant. The company annou...

Walmart Darkens Outlook Because Of Tough Economy, Payroll Tax Increase

AP | ANNE D'INNOCENZIO | Posted 10.15.2013 | Business

NEW YORK — Wal-Mart Stores Inc., the world's biggest retailer, said the weak global economy continues to batter its low-income shoppers. The ch...

PROFITS SOAR

AP | JOSH FUNK | Posted 08.03.2013 | Business

OMAHA, Neb. -- Berkshire Hathaway Inc.'s second-quarter profit jumped 46 percent as Warren Buffett's company reported big paper gains on the value of ...

BofA Earnings Up Nearly Seven Times From Last Year

AP | By CHRISTINA REXRODE | Posted 06.17.2013 | Business

NEW YORK (AP) — As soon as Bank of America puts one mortgage-related lawsuit behind it, another always seems to rear its head. The ba...

Marissa Mayer's First Full Quarter Wasn't Too Shabby

AP | By MICHAEL LIEDTKE | Posted 03.31.2013 | Technology

SAN FRANCISCO (AP) — Yahoo got a little healthier during the last three months of 2012 as the long-suffering Internet company took advantage of high...

Netflix's Week Just Gets Better And Better

AP | MICHAEL LIEDTKE | Posted 03.26.2013 | Technology

SAN FRANCISCO — Netflix's rollercoaster ride on Wall Street surged to new heights Thursday. The company's stock climbed $43.60 to close at $146...

Obama Never Exceeded U.S. Budget

Michael Farr | Posted 01.24.2013 | Politics
Michael Farr

The U.S. has not had a budget in four years. As the country increased the national debt by about $5 trillion in deficit spending, it never went over budget. Ridiculous, no?

Hurricane Sandy Was A HUGE Loss For Verizon

Reuters | Posted 03.24.2013 | Technology

Jan 22 (Reuters) - U.S. telecommunications group Verizon Communications Inc posted a $1.93 billion quarterly loss on pension liabili...

People Are Actually Buying This Thing

Reuters | Ritsuko Ando | Posted 03.12.2013 | Technology

* Shares rise 10.8 pct * Achieved underlying profitability in Q4, beating earlier forecast * CEO under pressure to show...

Walmart's Bribery Likely Not Limited To Mexico

AP | ANNE D'INNOCENZIO | Posted 01.15.2013 | Business

NEW YORK — Wal-Mart Stores Inc. reported a 9 percent increase in net income for the third quarter, but revenue for the world's largest retailer ...

Good News For Them Is Good News For Everyone

Reuters | Posted 01.13.2013 | Business

* Earnings of 74 cents a share beat 70-cent Wall Street view * Sales rise nearly 5 percent, exceed analysts' estimates *...

A Gimmick Dies

AP | Posted 12.25.2012 | Business

ST. LOUIS (AP) — Build-A-Bear Workshop Inc.'s shares plunged Thursday after the toy retailer posted a third-quarter loss and said it would close up ...

Bring Out The Axe

Reuters | Posted 12.24.2012 | Business

(Repeats to additional subscribers. No change to text) * Q3 net profit 254 mln Sfr vs avg poll forecast 370 mln * Profit...

Dow Takes Huge Plunge On Weak Corporate Earnings

AP | CHRISTINA REXRODE | Posted 12.23.2012 | Business

NEW YORK — Nobody was expecting this round of corporate financial reports to be great. But underwhelming results – particularly revenue, w...

Corporate America Is Doing Terribly, But All Its CEOs Are Claiming 'We Made Good Progress'

Reuters | Posted 12.20.2012 | Business

* In latest 24 hours, most missed on revenue and/or profit * Most companies so far have missed on revenue estimates By B...

Putting an End to the Default Practice of Short-term Earnings Guidance

Judith Samuelson | Posted 10.19.2012 | Business
Judith Samuelson

The main argument against companies providing guidance is that without such information, stock prices will be even more volatile, with analysts and investors left to their own devices, and besides, the more information provided to investors, the better.

Nine Embarrassing Things That Should Never Have Been Published

Posted 10.19.2012 | Business

Google released its third quarter earnings Thursday afternoon. Too bad they came a few hours ahead of when the company had scheduled to publish them. ...

Good News For GE

AP | JONATHAN FAHEY | Posted 12.19.2012 | Business

NEW YORK — General Electric Co.'s transformation into a more simple industrial company seems to be helping its bottom line. The top line, thoug...

The Vampire Squid Is Doing Just Fine

AP | CHRISTINA REXRODE | Posted 12.16.2012 | Business

NEW YORK — Goldman Sachs turned in third-quarter earnings Tuesday that easily beat analysts' estimates, but the bank's mood seemed more cautious...

Looks Like JPMorgan Doesn't Have A Problem Making Money

AP | CHRISTINA REXRODE | Posted 12.12.2012 | Business

NEW YORK — JPMorgan Chase, the country's biggest bank, reported a record quarterly profit Friday, helped by a surge in mortgage refinancing. CEO...

Move Over Libor, Corporate Earnings Are Manipulated Too

Posted 10.10.2012 | Business

A warning to those following earnings season closely: Don't trust what you read. About 20 percent of companies “manage” their books to mischar...

As Sales Plunge, CEO Says He's Still Confident 'Transformation Of J.C. Penney Is On Track'

Reuters | Posted 10.10.2012 | Business

(Corrects Thomson Reuters loss per share estimates) * Says won't meet FY EPS guidance * 2nd-qtr Adj loss 50 cents/share ...

Thinking Long-Term in a Short-Term Economy

Ron Ashkenas | Posted 10.09.2012 | Business
Ron Ashkenas

The reality is that most organizations can't be judged on a quarter-to-quarter basis. But how do you keep the focus on long-term value creation while the media and the markets exert pressure to do the opposite?

Bad News For Warren Buffett

Reuters | Posted 10.03.2012 | Business

* Q2 profit down more than $300 mln from a year earlier * Derivative losses overshadow operating performance * Cash pile...

Facebook IPO Disaster Hits Big Bank

Reuters | Posted 09.29.2012 | Business

* Q2 net profit 425 mln Sfr vs 1.14 bln Sfr forecast * UBS hit by 349 million franc loss on Facebook IPO * Investment ba...