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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.

Samsung's earnings more than double on record chip profits
Mon, 23 Jan 2017 22:41:37 -0500 -

In this Monday, Jan. 23, 2017 photo, a visitor tries out a Samsung Electronics Galaxy S7 Edge smartphone at its shop in Seoul, South Korea. Samsung Electronics said on Tuesday, Jan. 24, its fourth quarter earnings more than doubled over a year earlier thanks to its brisk chip business. (AP Photo/Ahn Young-joon)SEOUL, South Korea (AP) — Samsung Electronics said Tuesday that its fourth-quarter profit more than doubled over a year earlier thanks to record-high earnings from its brisk memory chip business and strong smartphone sales, despite costly Galaxy Note 7 recalls.

Samsung Electronics warns of political risks as chips boost Q4 profit
Mon, 23 Jan 2017 22:39:24 -0500 -

FILE PHOTO - An exchanged Samsung Electronics' Galaxy Note 7 is seen at the company's headquarters in SeoulSamsung Electronics Co Ltd on Tuesday said it expects profit growth in 2017 despite challenges arising from political uncertainty, after record chip earnings glossed over the Note 7 smartphone fiasco in the fourth quarter. The South Korean tech giant and Apple Inc rival is embroiled in an influence-peddling scandal surrounding President Park Geun-hye, with five Samsung Group executives already grilled by prosecutors and investigations ongoing. "The uncertain business environment such as the changing political landscape in Korea and overseas poses a challenge to the execution of mid- to long-term business strategies, such as M&A and investment decisions and developing new growth engines," Samsung Electronics said in a statement.

Yahoo delays sale of core business to Verizon
Mon, 23 Jan 2017 21:14:25 -0500 -

Yahoo boasted having more than a billion users monthly in 2016, with more than 650 million of those people connecting from mobile devicesYahoo says its $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. The news came in an earnings release showing Yahoo swung to a profit of $162 million in the final three months of last year. The deal with Verizon, which would end Yahoo's run of more than 20 years as an independent company, has been thrown into doubt following disclosures of two huge data breaches.

Samsung Elec fourth-quarter profit jumps as record chip profit masks Note 7 failure
Mon, 23 Jan 2017 18:59:52 -0500 -

FILE PHOTO - An exchanged Samsung Electronics' Galaxy Note 7 is seen at the company's headquarters in SeoulSEOUL (Reuters) - Samsung Electronics Co Ltd on Tuesday said fourth-quarter operating profit jumped 50 percent, matching its earlier guidance, as record earnings in its chips business masked the negative impact of its failed Note 7 phones. The world's biggest maker of smartphones and memory chips said October-December operating profit was 9.22 trillion won ($7.93 billion), compared with prior guidance of 9.2 trillion won. Revenue remained flat at 53.3 trillion won from the same period a year earlier, versus its estimate of 53 trillion won. Samsung also said it plans to buy back 9. ...

International strength offsets drop in US McDonald's sales
Mon, 23 Jan 2017 15:22:51 -0500 -

McDonald's is establishing a new Britain-based holding company to cover royalties from most licensing agreements outside the United StatesMcDonald's reported slightly lower fourth quarter earnings Monday as strong sales in Britain, Japan and China offset a drop in the United States. The fast food giant, which modified the menu in its home market after a lengthy slump, and restructured its international business, said its turnaround remained on track. Other factors included lower food costs, which were an incentive for more consumers to stay home.

Strong health product sales boost P&G earnings
Fri, 20 Jan 2017 11:30:49 -0500 -

P&G's strongest division was health, a business that has been boosted by premium products, such as the Oral-B electric toothbrushes, as well as other dental productsConsumer-products giant Procter & Gamble reported better-than-expected quarterly earnings Friday and lifted its 2017 sales forecast, due in part to strong demand for health products. P&G's strongest division was health, a business that has been boosted by premium products, such as the Oral-B electric toothbrushes, as well as other dental products. Sales for health were up five percent, and the gain was seven percent when foreign exchange and acquisitions and divestitures were excluded.

Weakness in oil and gas dents GE earnings
Fri, 20 Jan 2017 09:24:39 -0500 -

GE's net income for all of 2016 was $8.2 billion, compared with a loss of $6.2 billion in the prior year, following the sale of financial assetsWeakness in the oil and gas sector dented General Electric's fourth-quarter results, pushing revenues lower despite gains in other industrial divisions, the company reported Friday. Revenues fell two percent to $33.1 billion, but net income jumped to $3.5 billion, up about 38 percent compared to the final quarter of 2015, not counting earnings from discontinued operations. Sluggish activity in oil and gas has been a drag on GE earnings in recent quarters due to a two-year slump in oil prices.

Amaya raises 2016 adjusted profit forecast
Fri, 20 Jan 2017 08:13:39 -0500 -

Logo of Amaya seen in Montreal(Reuters) - Canada's Amaya Inc raised its 2016 adjusted profit forecast, citing better-than-expected results in the fourth quarter ended Dec. 31, helped by its casino games and a successful relaunch in Portugal. The gambling website operator now expects 2016 adjusted profit of $364 million-$374 million, higher than its previous forecast of between $344 million and $354 million. Amaya, which owns gambling websites PokerStars and Full Tilt, also raised its 2016 adjusted earnings forecast to a range of $1.87-$1.92 per share from $1.78-$1.83.

IBM revenue fall dims upbeat profit forecast
Thu, 19 Jan 2017 18:46:42 -0500 -

FILE PHOTO - A woman passes by the IBM offices in New YorkInternational Business Machines Corp reported its 19th straight quarter of declining revenue, but forecast full-year earnings above Wall Street estimates due to growth in newer areas such as cloud-based services and analytics. CFRA Research analyst David Holt said the company's results still raised questions as to when revenue would grow. "The 800-pound gorilla in the room is the overall inflection point towards revenue growth.

Uber to pay $20 million to settle U.S. claims it misled drivers
Thu, 19 Jan 2017 17:47:54 -0500 -

A photo illustration shows the Uber app logo displayed on a mobile telephone, as it is held up for a posed photograph in central LondonRide-hailing company Uber Technologies Inc has agreed to pay $20 million to settle claims by the U.S. government that it exaggerated prospective earnings in seeking to recruit drivers and downplayed the costs of buying or leasing a car, documents filed with a federal court on Thursday showed. The company said on its website that some Uber drivers made more than $90,000 in New York and $74,000 in San Francisco when the real earnings were $61,000 and $53,000, respectively, the Federal Trade Commission said in a statement. It said Uber's Vehicle Solutions Program gave inaccurate prices for leasing or owning a vehicle.

Rising Kenyan tea, coffee export prices to ease drought impact
Thu, 19 Jan 2017 05:23:23 -0500 -

A worker picks tea at a plantation in Githunguri near Kenya's capital NairobiBy Duncan Miriri NAIROBI (Reuters) - Rising prices for Kenyan tea and coffee exports will help offset the impact from a drought that has been hurting the East African nation's agriculture after poor rains late last year, according to officials and traders. The average tea price has risen 10 percent this year compared to a year ago. Coffee and tea exports are a major source of foreign exchange earnings.

Rising Kenyan tea, coffee export prices to ease drought impact
Thu, 19 Jan 2017 05:19:16 -0500 -

A worker picks tea at a plantation in Githunguri near Kenya's capital NairobiBy Duncan Miriri NAIROBI (Reuters) - Rising prices for Kenyan tea and coffee exports will help offset the impact from a drought that has been hurting the East African nation's agriculture after poor rains late last year, according to officials and traders. The average tea price has risen 10 percent this year compared to a year ago. Coffee and tea exports are a major source of foreign exchange earnings.

Goldman Sachs results beat estimates, helped by trading
Wed, 18 Jan 2017 09:47:41 -0500 -

Goldman Sachs results beat estimates, helped by tradingGoldman Sachs reported fourth-quarter earnings that beat analysts' forecasts Wednesday as the bank recovered from a difficult quarter a year earlier. Results were particularly strong at Goldman's trading ...

Cameco expects to report net loss for 2016, cut jobs at uranium mines
Tue, 17 Jan 2017 19:35:06 -0500 -

A view of Cameco's Cigar Lake uranium mine site in northern SaskatchewanCameco said it plans to reduce workforce at the McArthur River, Key Lake and Cigar Lake operations by 10 percent. "The current earnings expectations do...reflect the consequences of a continued weak uranium market and our resolve to make the necessary decisions to defend and preserve our core uranium business for the long-term benefit of our stakeholders," Chief Executive Officer Tim Gitzel said in a statement. Cameco reported a 35 percent rise in uranium sales in the quarter ended Sept. 30, even at a time when uranium prices are near multiyear lows.

Wall Street declines as some post-election gainers reverse
Tue, 17 Jan 2017 16:45:18 -0500 -

Traders work on the floor of the NYSE in New YorkU.S. stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings season kicked into gear. Also weighing on stocks were concerns about protectionist trade policies by U.S. President-elect Donald Trump, which pushed the dollar the dollar to its lowest level in more than a month and bond yields down as investors cut risk. The S&P 500 financial index , which has rallied since the election on expectations of higher interest rates and reduced regulation under Trump, had its worst day since June 27 and led sector losses.

CSX profit dips but meets Wall Street expectations
Tue, 17 Jan 2017 16:43:07 -0500 -

A CSX freight train heads westbound out of a tunnel into Harpers Ferry, West VirginiaNo. 3 U.S. railroad CSX Corp on Tuesday reported a slight dip in quarterly net profit, in results that met Wall Street analyst expectations, and said conditions for its business were improving after taking a hit from low commodity prices and a strong U.S. dollar. CSX reported a slight increase in coal freight volumes in the fourth quarter from a year earlier after nearly two years of decline which have pummeled the U.S. railroads. Analysts had expected earnings per share of 49 cents.

HP Enterprise to buy cloud software company SimpliVity
Tue, 17 Jan 2017 16:40:23 -0500 -

Signs for Hewlett Packard Enterprise Co. cover the facade of the New York Stock Exchange(Reuters) - Hewlett Packard Enterprise Co said on Tuesday it would buy privately held cloud software company SimpliVity for $650 million in cash, as it looks to expand in the fast-growing market for hybrid cloud platforms. The deal is expected to add to Hewlett Packard Enterprise's earnings in the first fiscal year after it is completed, the company said. Hybrid cloud platforms run applications that are based partly on the client's private servers and partly on public cloud data centers.

Morgan Stanley's profit doubles on bond-trading surge
Tue, 17 Jan 2017 16:25:36 -0500 -

Corporate logo of financial firm Morgan Stanley in New York, New YorkMorgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief Executive James Gorman. In announcing earnings on Tuesday, Morgan Stanley detailed huge gains in bond trading, an area where it has long struggled. The bank also reported stronger revenue in equities trading, where Morgan Stanley is typically a leader, and said it was close to hitting targets for cost-cutting, wealth management profits and returns on shareholder equity.

Baidu names former Microsoft exec as COO in artificial intelligence push
Mon, 16 Jan 2017 22:24:51 -0500 -

Baidu's company logo is seen at its headquarters in BeijingChina's Baidu Inc said it has appointed a former Microsoft Corp executive as chief operating officer, part of a push into artificial intelligence as earnings from its core search engine business wane. Baidu has been refocusing its business strategy after the introduction of new advertising regulations, aimed at medical advertising in particular, led to a 16 percent drop in ad customers during quarter ended in September. Qi Lu, who was an executive vice president at Microsoft and headed its unit in charge of Office, Bing and Skype until last September, will help develop artificial intelligence as a key strategic focus for Baidu over the next decade.

Armed with apps and crops, women lead battle to save Senegal's shrinking farmland
Mon, 16 Jan 2017 09:16:44 -0500 - By Nellie Peyton NDIAEL, Senegal (Thomson Reuters Foundation) - The women of Thiamene, a tiny straw hut village in northern Senegal, used to scrape together a living by collecting wild baobab fruit and selling milk from their cows.    But their earnings have plummeted since an Italian-Senegalese agribusiness, Senhuile, took over the surrounding land five years ago, blocking their paths to the local market and river, and spraying pesticides that make their herds scatter, they say. "Life here is precarious, especially for women," said 42-year-old Fatimata Sow in the village square, gazing at the vast landscape of arid ground dotted with the stumps of trees.     While the men in her community do larger-scale agricultural work or have jobs in the nearby town, it is women who tend to the gardens and raise the animals that keep families fed.
U.S. banks to stay in fashion as earnings kick off
Sat, 14 Jan 2017 07:10:31 -0500 -

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York CityU.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. It closed trading up 0.8 percent compared with a 0.2 percent gain for the broader S&P 500 . The banks' top executives expressed optimism on Friday about 2017 in their first public comments about earnings since Trump won the presidential election on Nov. 8.

Nasdaq hits record; bank earnings validate Wall St. rally
Fri, 13 Jan 2017 19:44:41 -0500 -

Traders work on the floor at the close of trading at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S.Wall Street has surged since President-elect Donald Trump's unexpected election victory on optimism he will cut corporate taxes, spend on infrastructure and deregulate banks. With stocks trading at price-to-earnings valuations well above historical averages, many investors believe further gains will depend on S&P 500 companies handing in strong report cards over the next several weeks. The S&P financial sector has jumped about 17 percent since the election, far outpacing the S&P 500's 6-percent rise.

TSX rises, led by banks as U.S. earnings season kicks off
Fri, 13 Jan 2017 17:17:06 -0500 -

A man walks past an old Toronto Stock Exchange sign in TorontoBy Alastair Sharp TORONTO (Reuters) - Canada's main stock index rose on Friday, as higher bond yields and solid U.S. bank earnings helped boost the index's heavyweight financials sector. The broad gains - resource stocks, consumer names and industrials also broadly moved higher - capped a tumultuous week dominated by uncertainty about the likely policies of U.S. President-elect Donald Trump. "When Mr. Trump makes a comment about a specific company, a sector, whatever it may be, he moves markets," said Allan Small, a senior investment advisor at HollisWealth.

US stock indexes end mostly higher on solid bank earnings
Fri, 13 Jan 2017 17:16:43 -0500 -

Asian shares mostly lower amid Brexit worries, Takata fallsBanks led U.S. stock indexes mostly higher Friday, propelling the Nasdaq composite index to its fourth record high this week. Investors welcomed quarterly earnings from JPMorgan Chase, Bank of America ...

Europe shares up, Nasdaq hits record high; U.S. yields up
Fri, 13 Jan 2017 17:11:05 -0500 -

Traders work on the floor of the NYSE in New YorkBy Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - European stocks advanced on Friday, while the S&P 500 and Nasdaq rose in line with gains in U.S. Treasury yields, as investors were encouraged by upbeat bank earnings and positive U.S. economic data. Investors largely shrugged off the biggest fall in Chinese exports since 2009 to focus on U.S. data that suggested stronger growth.

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