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Earnings News Headlines - Yahoo! News

Get the latest earnings news headlines from Yahoo! News. Find breaking earnings news, including analysis and opinion on top earnings stories, photos and more.

Futures indicate slightly higher start to week
Mon, 25 Jul 2016 07:42:00 -0400 -

A man walks past an old Toronto Stock Exchange sign in Toronto(Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Monday after G20 finance chiefs agreed over the weekend to use "all policy tools" to lift global growth. Policymakers from the Group of 20 countries vowed to support global growth and better share the benefits of trade, in a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism. Investors are also looking forward to corporate earnings and meetings of the U.S. Federal Reserve and Bank of Japan. ...


G20 growth promise keeps shares near 9-month high
Mon, 25 Jul 2016 07:32:27 -0400 -

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in FrankfurtBy Marc Jones LONDON (Reuters) - World shares held near nine-month highs on Monday after G20 finance chiefs said over the weekend they would use "all policy tools" to lift global growth. Wall Street was expected to start the week flat too, with last week's record highs for the S&P 500 and Dow Jones likely to keep traders, still in the thick of earnings season, cautious for the next couple of days. "The Bank of Japan is really the one that is front and center this time with the all talk around 'helicopter money'," he added.


Philips hits Q2 profit, warns global markets 'volatile'
Mon, 25 Jul 2016 05:16:43 -0400 -

Philips' net profit surged from 274 million euros to 431 million euros after the electronics giant was awarded 144 million euros in an international arbitrationElectronics giant Philips posted a 57 percent jump in second quarter net profit Monday on the back of a major arbitration award, as it warned of volatile markets ahead for the rest of the year. Net profit surged from 274 million euros ($300 million) to 431 million euros after Philips was awarded 144 million euros in an international arbitration following a botched deal to sell its entertainment arm to Japan's Funai electronics company. Philips in October 2013 announced it was breaking off the 150-million-euro sale, accusing long-time business partner Funai of breach of contract.


Lending, margins in focus on UK banks' second-quarter report cards: Goldman
Mon, 25 Jul 2016 04:12:05 -0400 -

A hot air balloon rises into the early morning sky in front of the Canary Wharf financial district of LondonLoan growth, margin squeezes and credit costs are the areas investors will focus on when British banks report quarterly earnings, Goldman Sachs said in a note to clients. Barclays PLC and Lloyds Banking Group are scheduled to report this week and emerging markets-focused HSBC Holdings and Standard Chartered next week. While second quarter results are unlikely to capture any impact from the outcome of last month's Brexit referendum, all eyes are on the outlook as banks prepare for slower economic growth and a possible UK recession.


Ryanair logs modest profits growth, warns on Brexit
Mon, 25 Jul 2016 03:52:43 -0400 -

Ryanair in June signalled its intention to put the brakes on new UK connections for the coming months due to Brexit uncertaintyIrish no-frills airline Ryanair posted Monday a slight increase in first-quarter net profits, but warned that Brexit could impact its annual earnings. Earnings before taxation rose four percent to 256 million euros ($281 million) in the three months to the end of June, Ryanair said in a results statement. Ryanair noted its performance was hit by "ongoing market volatility arising from terrorist events, and repeated air traffic control strikes", as well as the weakness of the pound after the Brexit vote.


Nintendo shares dive as company plays down Pokemon GO's earnings impact
Mon, 25 Jul 2016 02:31:26 -0400 -

Cosplayer dressed as a character of the augmented reality mobile game "Pokemon Go" by Nintendo participate in a "poketour" organized by the municipality in San SalvadorBy Junko Fujita TOKYO (Reuters) - Shares in Nintendo Co tumbled as much as 18 percent on Monday after the company said Pokemon GO would have a limited impact on its earnings - their biggest setback so far after a huge run-up on the smash-hit game. The Kyoto-based gaming company, which is due to report first-quarter results this week, surprised markets with a statement on Friday that income garnered through its 32 percent stake in affiliate Pokemon Company, which owns the licensing rights, would be limited and that it did not plan to revise its earnings outlook for now. "The market has overreacted to the Nintendo statement," said David Gibson, a senior analyst at Macquarie Securities Group, noting the game in Japan had broken records with 10 million downloads in one day.


Silicon Valley leads avalanche of quarterly reports
Fri, 22 Jul 2016 23:16:29 -0400 -

A Wall Street sign outside the New York Stock ExchangeA quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or loses steam. With second-quarter reporting season kicking into high gear, scorecards from Apple , Alphabet , Amazon.com and Facebook will be front and center for investors eyeing the S&P 500's already-stretched valuation following a nearly 9-percent rally since June 27. "These are very widely owned companies by institutional investors and there could be selling if the news is bad," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.


TSX at highest close in year, 4th weekly gain; telecoms shine
Fri, 22 Jul 2016 16:41:31 -0400 -

A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in TorontoBy Alastair Sharp TORONTO (Reuters) - Canada's main stock index hit its highest close in a year on Friday, notching a fourth straight weekly gain as yield-producing telecom and utility stocks found favor, offsetting a plunge in shares of Valeant Pharmaceuticals International Inc . Valeant fell 6.2 percent to C$30.03 after U.S. regulators raised concerns about a new eye drop the company manufactures. Telecoms climbed 1.3 percent, with Rogers Communications Inc extending post-earnings gains with a 2.1 percent advance to C$56.81. ...


S&P 500 companies start facing up to the potential Brexit costs
Fri, 22 Jul 2016 16:02:31 -0400 -

General Motors CEO Mary Barra presents the new Opel Astra during the media day at the Frankfurt Motor Show (IAA) in FrankfurtBy Noel Randewich and Caroline Valetkevitch SAN FRANCISCO/NEW YORK (Reuters) - U.S. companies, facing investors in their first profit reporting season since Great Britain voted to leave the European Union, are broadly conceding that the so-called "Brexit" could weigh on earnings. Companies from General Motors to Yum Brands to FedEx say they do expect a hit, though it is too soon to tell how deep it may be or when it will come. Wall Street investors were originally rattled by the Brexit vote and independent analysts have suggested it could cost U.S. companies billions of dollars in earnings due both to currency factors and also to lost sales in Europe.


US stocks open flat as Boeing retreats
Fri, 22 Jul 2016 11:10:52 -0400 -

Wall Street investors were cautious in opening trades Friday after the Dow lost ground Thursday, ending a six-day streak of records amid a mix of earnings reportsNew York (AFP) - Wall Street stocks treaded water in opening trade Friday as Boeing shares took a hit after the company announced that it would take a $2.1 billion charge against second quarter earnings.


Boeing warns of more than $2 billion in charges, shares drop
Thu, 21 Jul 2016 18:55:00 -0400 -

Boeing logo at their headquarters in ChicagoBoeing shares fell 1 percent after hours to $132.26 after the company gave notice of its largest write-offs in years, to be detailed in quarterly results on Wednesday. In its announcement, Boeing reaffirmed its forecast for full-year revenue and cash, but said it will update its earnings per share outlook on Wednesday. The costs will be reclassified and shifted from 787 inventory to research and development expense, helping to reduce the deferred cost balance, Boeing said.


PayPal announces Visa partnership; earnings rise
Thu, 21 Jul 2016 16:56:50 -0400 -

The PayPal logo is seen during an event at Terra Gallery in San FranciscoPayPal Holdings Inc on Thursday showed strong growth in its online payments business, meeting Wall Street expectations on earnings and announcing a partnership with Visa Inc that is expected to bring a significant revenue increase. The company also unveiled a partnership with Visa - a deal for which investors had been eager - intended to make it easier for PayPal customers to use Visa credit cards in their transactions and allow shoppers to use PayPal in brick-and-mortar retail locations.


TSX rises to 11-month high as mining stocks rally
Thu, 21 Jul 2016 16:41:00 -0400 -

A man walks past an old Toronto Stock Exchange sign in TorontoBy Fergal Smith TORONTO (Reuters) - Canada's main stock index rose to an 11-month high on Thursday as mining stocks rallied and strong earnings reports boosted the shares of Rogers Communications Inc and Encana Corp . "Canada is actually in OK economic shape relative to other parts of the world," said Bryden Teich, portfolio manager at Avenue Investment Management, who expects fiscal spending to give the economy an additional boost. "Relatively speaking the stock market still offers a place to get a rate of return when there is not much else out there," Teich added.


Global stocks fall on disappointing results; yen jumps
Thu, 21 Jul 2016 16:40:17 -0400 -

Traders work on the floor of the NYSENEW YORK (Reuters) - Stock prices around the world fell on Thursday on disappointing earnings, while the yen jumped after Bank of Japan chief Haruhiko Kuroda said he saw no need to use "helicopter money" to boost the world's No. 3 economy.


U.S. CEOs back board diversity, GAAP adherence in reform push
Thu, 21 Jul 2016 15:55:24 -0400 - Leaders of top U.S. companies and investment firms on Thursday released a set of governance recommendations meant to encourage long-term economic growth, an unusual step that drew mixed reviews from advocates of deeper corporate reforms. The executive group urged companies to maintain diverse boards, to feel free to avoid issuing earnings guidance, and to report results clearly, in keeping with generally accepted accounting principles, among other suggestions, according to a statement posted on the group's website. Backers of the principles included well-known chief executives Jamie Dimon of JPMorgan Chase & Co , Jeff Immelt of General Electric Co , Larry Fink of BlackRock Inc , Warren Buffett of Berkshire Hathaway Inc and Jeff Ubben of ValueAct Capital.
Blackstone profit beats forecasts on real estate, energy
Thu, 21 Jul 2016 13:27:53 -0400 -

Stephen Schwarzman, Chairman, CEO and Co-Founder of Blackstone, speaks at the Milken Institute Global Conference in Beverly HillsBy Koh Gui Qing NEW YORK (Reuters) - Blackstone Group LP , the world's biggest alternative asset manager, posted stronger-than-expected earnings on Thursday as gains in property holdings and rebounding oil prices offset losses from Britain's shock decision to leave the European Union. New York-based Blackstone, whose shares rose nearly 4 percent, is the first large private equity firm to report results for the second quarter. Its strong showing may mark a turn for the sector, which has smarted from falling oil prices in the past year.


Canadian energy earnings hint at brighter outlook for oil
Thu, 21 Jul 2016 13:03:24 -0400 -

President and CEO of Encana, Suttles, addresses shareholders during the company's annual general meeting in CalgaryBy Nia Williams and Amrutha Gayathri CALGARY, Alberta (Reuters) - The Canadian oil and gas earnings season kicked off on Thursday with signs of an industry recovery as Encana Corp and Precision Drilling Corp outlined plans to boost activity. Calgary-based Encana reported an unexpected quarterly operating profit and said it would boost 2016 capital spending by $200 million from a previously announced range of $900 million to $1 billion. It also plans to increase production by about 13,000 barrels of oil equivalent per day at its core shale operations.


General Motors lifts 2016 forecast after strong earnings
Thu, 21 Jul 2016 12:36:57 -0400 -

General Motors has lifted its 2016 profit forecastGeneral Motors lifted its 2016 profit forecast Thursday following strong second-quarter earnings as it again reaped rewards from booming sales of trucks and sport utility vehicles in its home market. The better-than-expected results included the US auto giant's first quarterly operating profit in Europe in five years. Revenues jumped 11 percent to $42.4 billion, much of that driven by a strong performance in North America due to robust sales of large vehicles and gains from several high-profile launches, such as the Chevrolet Malibu sedan and the Cadillac XT5 SUV.


Equity markets little changed, euro slips after ECB
Thu, 21 Jul 2016 11:56:16 -0400 -

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in FrankfurtBy Richard Leong NEW YORK (Reuters) - World equity markets were little changed on Thursday, with the key U.S. Dow and S&P stock indexes hovering below record highs, while the euro fell, erasing earlier gains spurred by the European Central Bank's decision to refrain from more stimuli. U.S. and European equity markets have been on a tear due to upbeat company earnings and encouraging U.S. economic data, helping them rebound from losses tied to Britain's stunning vote to leave the European Union a month ago. The resilience of the stock market has prompted investors to pare their safehaven holdings of U.S. Treasuries and other low-risk government bonds.


Biogen's profit easily beats Street view; CEO to leave
Thu, 21 Jul 2016 10:25:03 -0400 -

George Scangos, CEO of Biogen Inc. speaks during Reuters Health Summit in New YorkBiogen Inc on Thursday reported second quarter profit that blew past Wall Street estimates and significantly raised its full-year earnings forecast, while announcing that Chief Executive George Scangos would step down in the coming months once a successor is found. Shares of Biogen, whose board also authorized a $5 billion share repurchase program, rose more than 7 percent. "This is the right time for a new leader to take the reins and lead Biogen through its next stage of development," Scangos said in a statement.


Roche beats forecasts on new drugs and one-off gain
Thu, 21 Jul 2016 06:18:29 -0400 -

Roche tablets are seen in this photo illustration shot in ZenicaBy Ludwig Burger BASEL, Switzerland (Reuters) - Switzerland's Roche beat market expectations for adjusted net income in the first six months of the year, helped by cancer drug sales but also inflated by a one-off gain from its pensions scheme. Core earnings per share, adjusted for certain items, rose 7 percent to 7.74 Swiss francs ($7.86), where analysts had expected 7.52 francs on average. Deutsche Bank analyst Tim Race said that excluding that effect, results were broadly in line with expectations.


European, US equities rise on eve of ECB meet
Wed, 20 Jul 2016 17:36:03 -0400 -

Eurozone stock markets moved higher as investors hoped for hints of extra stimulus from the European Central BankNew York (AFP) - Eurozone stock markets moved higher Wednesday as investors hoped for hints of extra stimulus from the European Central Bank, while a clutch of US company earnings boosted US stocks.


Lufthansa scraps profit goal as attacks hit bookings
Wed, 20 Jul 2016 15:22:41 -0400 -

Planes of German air carrier Lufthansa AG are seen on the tarmac at Fraport airport in FrankfurtLufthansa , Germany's largest airline, on Wednesday cut its full-year profit target, saying advance bookings to Europe had declined significantly due to "terrorist attacks in Europe and to greater political and economic uncertainty". The company now expects adjusted earnings before interest and tax (EBIT) to fall this year, having previously expected it to be slightly higher compared with 2015. With the announcement, Lufthansa joins other major European airlines such as British Airways owner IAG and easyJet in warning on profit as a result of political and economic uncertainty dampening travel demand.


Algeria trade deficit widens 27.2 pct yr/yr in first half of 2016: customs
Wed, 20 Jul 2016 13:09:28 -0400 -

A worker is seen at the Zarzaitine gas field in In Amenas, 1,600 km southeast of AlgiersOPEC member Algeria's trade deficit widened to $10.83 billion in the first six months of 2016, 27.2 percent more than in the same period last year due to a fall in energy earnings as oil prices tumbled, data showed on Wednesday. Oil and gas exports, which accounted for 93.55 percent of Algeria's sales abroad, dropped 33.6 percent to $11.86 billion in the first half, the customs figures showed. Algeria has been trying to reduce its imports bill in a bid to counter the loss in energy revenues since world oil prices began falling in June 2014.


CP Rail profit beats despite weak volumes; CEO to retire
Wed, 20 Jul 2016 12:49:32 -0400 -

A Canadian Pacific Railway locomotive sits at the Obico Intermodal Terminal in Toronto(Reuters) - Canadian Pacific Railway Ltd reported second-quarter earnings that topped expectations on Wednesday even as volumes dropped, and said it expects results to improve in the second half of the year, sending shares higher. As expected, the railway said President and Chief Operating Officer Keith Creel will succeed Hunter Harrison, who said in 2014 that he would retire in 2017. Canada's No. 2 railway said weak commodity volumes, the wildfire in northern Alberta and a stronger Canadian dollar reduced revenue in the quarter.




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