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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.

CP Rail looks to boost revenue to C$10 billion in 2018
Wed, 01 Oct 2014 19:25:43 -0400 -

Canadian Pacific Railway crews drive past trains at the CP Rail yards in Calgary(Reuters) - Canadian Pacific Railway Ltd aims to boost its annual revenue to C$10 billion ($8.96 billion) in 2018 and more than double earnings per share over the next four years, Chief Executive Hunter Harrison said on Wednesday. Harrison presented his new targets at an event for investors and analysts in New York on Wednesday. The speech marked a widely anticipated shift in focus from cost cutting to growth for Harrison, a veteran railroad executive who has overseen significant improvements at Canadian Pacific. ...

Agrium forecasts smaller than expected quarterly profit
Wed, 01 Oct 2014 17:58:09 -0400 - (Reuters) - Canadian fertilizer producer Agrium Inc said on Wednesday that it expected third-quarter earnings from continuing operations of 45 cents to 55 cents per share, falling short of Wall Street expectations. Agrium shares fell 4.5 percent in New York after normal trading hours to $84. Analysts were expecting Agrium to report third-quarter earnings of 68 cents, according to Thomson Reuters I/B/E/S. Two of Agrium's major production facilities are currently offline, but the company said stronger results from nitrogen sales would offset the impact. ...
Samsung Electronics profit seen bottoming in third quarter ahead of slow recovery
Wed, 01 Oct 2014 17:06:57 -0400 -

A woman takes a picture outside the Samsung stand at the Mobile World Congress in BarcelonaBy Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd's profit is seen weakening further in the third-quarter, underscoring the downturn in its market-leading smartphone business and piling pressure on the firm to deliver a revamped product lineup. Analysts forecast the world's largest smartphone maker, which is due to give its July-September earnings guidance on or around Oct 7, to show its worst operating profit in nearly three years, with a slow recovery seen starting in the fourth quarter. ...

Ford's rosy 2020 outlook hinges on new F-150, Lincoln
Wed, 01 Oct 2014 04:44:57 -0400 -

A Ford logo is seen on the grill of a 2015 F-150 truck outside the New York Stock Exchange in the Manhattan borough of New YorkBy Paul Lienert, Bernie Woodall and Ben Klayman DETROIT (Reuters) - If Ford Motor Co's new chief executive Mark Fields hoped to muffle the shock of an earnings outlook rollback on Monday by unveiling aggressive growth targets for 2020, then it did just the opposite, as investors and analysts were doubtful about the ambitious plan. Fields, who succeeded popular CEO Alan Mulally on July 1, unnerved investors by cutting the company’s profit outlook for this year and next, citing the cost of recalls as well as weakness in Russia and South America. ...

If analysts don't ask questions, expect stock declines: study
Wed, 01 Oct 2014 00:27:05 -0400 -

Traders work on the floor of the New York Stock ExchangeBy Yasmeen Abutaleb NEW YORK (Reuters) - Earnings conference calls that inspire little more than silence are not a great sign for the company's shares in the days that follow, according to a study released on Wednesday. Researchers from the University of Texas at Austin found that when executives did not receive questions or significant feedback on earnings calls, the company could expect to see its market capitalization fall between $4.3 million and $6.1 million in the next five days. ...

Analysis: Ford's rosy 2020 outlook hinges on new F-150, Lincoln
Tue, 30 Sep 2014 18:58:18 -0400 -

A Ford logo is seen on the grill of a 2015 F-150 truck outside the New York Stock Exchange in the Manhattan borough of New YorkBy Paul Lienert, Bernie Woodall and Ben Klayman DETROIT (Reuters) - If Ford Motor Co's new chief executive Mark Fields hoped to muffle the shock of an earnings outlook rollback on Monday by unveiling aggressive growth targets for 2020, then it did just the opposite, as investors and analysts were doubtful about the ambitious plan. Fields, who succeeded popular CEO Alan Mulally on July 1, unnerved investors by cutting the company’s profit outlook for this year and next, citing the cost of recalls as well as weakness in Russia and South America. ...

Factbox - EBay CEO's comments since January on PayPal spinoff
Tue, 30 Sep 2014 17:04:36 -0400 - (Reuters) - EBay Inc agreed on Tuesday to spin off its payments unit, PayPal, in the second half of 2015, after rebuffing activist investor Carl Icahn's proposal in January. Following are comments by eBay Chief Executive John Donahoe on PayPal spinoff since then: Jan. 22 - During fourth-quarter earnings call "PayPal and eBay make sense together for many reasons. First, eBay accelerates PayPal's success. Second, eBay data makes PayPal smarter. And third, eBay funds PayPal's growth." Feb. ...
Struggling African Minerals could seek to sell stake in mine
Tue, 30 Sep 2014 11:26:08 -0400 - By Karen Rebelo and Silvia Antonioli (Reuters) - African Minerals said on Tuesday it was open to selling a minority stake in its only mine as part of a financial rescue after reporting a 97 percent fall in its first half core earnings. The Sierra Leone-focused iron ore producer is in a critical situation, battered by a 40 percent drop in the iron ore price and the effects of the Ebola epidemic . The company is seeking working capital and cash to fund the expansion of its Tonkolili mine and to refinance an expensive $250 million loan. ...
Prada goes for cover-up look over CEOs tax fraud probe
Mon, 29 Sep 2014 15:33:23 -0400 -

The Prada store name is pictured above the facade of a shop, on December 26, 2012 in ParisMilan (AFP) - Troubled Italian fashion giant Prada stonewalled questions over its tax affairs Monday after it emerged that its top two executives are being investigated for allegedly not disclosing many millions in overseas earnings to Italian authorities.

South Africa's Capitec posts 21 rise in H1 earnings
Mon, 29 Sep 2014 03:32:49 -0400 -

New South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in JohannesburgJOHANNESBURG (Reuters) - Capitec Bank Holdings' first-half earnings rose by an expected 21 percent after the South African mass-market lender attracted more customers and booked higher transaction income. Diluted headline earnings totalled 1,015 cents in the six-months to end-August, from 838 cents a year earlier. Capitec, which offers high-interest loans to low-income South Africans, said income from lending rose 13 percent to 5.2 billion rand ($462 million). However, write offs increased to 2.1 billion rand, a 28 percent increase from a year earlier. ...

Adidas fights to draw top talent to HQ in sleepy Bavarian town
Sun, 28 Sep 2014 05:24:48 -0400 -

The logo of Adidas is pictured in a store in MunichBy Emma Thomasson HERZOGENAURACH Germany (Reuters) - Adidas needs world-class designers, brand experts and technical whizzkids to improve its image against U.S. Adidas has been losing market share to the world's biggest sportswear brand Nike, which is seen as far cooler in consumer surveys and is based near the hip U.S. Adidas acknowledges it is hard to recruit at its headquarters near the Bavarian town of Herzogenaurach, particularly for design, marketing and digital roles, and admits it missed trends in the U.S. Nike's better than expected earnings on Sept. 25 underscored its ascendancy.

Remittances into Kenya jump 20 pct in August from last year
Fri, 26 Sep 2014 06:54:43 -0400 - NAIROBI (Reuters) - The amount of hard currency sent into Kenya by its citizens living abroad, known as remittances, jumped 20.34 percent in August from the same month last year, the central bank said on Friday. Like other African economies, Kenya sees funds sent home for various reasons like support for relatives, as a vital source of foreign exchange, supplementing export earnings and helping to support the shilling. The East African nation received $128.8 million during the month, up from $107 million in the year ago period, data from the central bank showed. ...
Dollar hits four-year high; slams equity outlook
Thu, 25 Sep 2014 16:48:01 -0400 -

Photo illustration of U.S. dollar notes displayed in JohannesburgBy Herbert Lash NEW YORK (Reuters) - The dollar hit a four-year high as the yield difference between U.S. and German bonds widened the most in nearly 15 years on Thursday, while global equity markets fell sharply as the stronger dollar pointed to potential earnings losses. The strong dollar slammed oil and other commodity prices, spurred the safe-haven buying of gold and sparked a sell-off on Wall Street that tumbled the benchmark S&P 500 index 1.6 percent in the biggest single-day loss since July 31. ...

Jabil Circuit forecasts strong first quarter on iPhone sales
Wed, 24 Sep 2014 18:10:48 -0400 - (Reuters) - Contract electronics maker Jabil Circuit Inc forecast current-quarter revenue and core earnings above market estimates after sales of Apple Inc's iPhone 6 and 6 plus exceeded expectations. Jabil's shares rose 4.1 percent in extended trading. Apple sold more than 10 million iPhones in the first weekend after its new models went on sale on Sept.19, far surpassing the 2 million recorded for iPhone 5 two years ago. RBS Capital Markets analysts said they expect "the positive demand for the iPhone" to drive growth for Jabil. ...
TSX little changed as banks decline; Valeant jumps
Wed, 24 Sep 2014 16:50:23 -0400 -

A man walks past an old Toronto Stock Exchange sign in TorontoBy John Tilak TORONTO (Reuters) - Canada's main stock index was little changed on Wednesday as a decline in the financial sector offset a jump in shares of Valeant Pharmaceuticals International Inc after the drugmaker gave a bullish quarterly outlook. Valeant said it expects to report higher-than-expected third-quarter revenue and stronger adjusted earnings per share, sending its shares up 7 percent to C$137.29. The Toronto stock market's benchmark TSX index has fallen about 3.6 percent from the record high of 15,685.13 it reached earlier this month. ...

Valeant sees better-than-forecast third-quarter profit
Wed, 24 Sep 2014 10:26:47 -0400 -

The head offices of Valeant Pharmaceuticals International Inc. are seen in Laval, Quebec(Reuters) - Valeant Pharmaceuticals Inc expects to report higher-than-expected third-quarter revenue and better-than-forecast adjusted earnings per share, Chief Executive Officer Michael Pearson said on Wednesday. Laval, Quebec-based Valeant is attempting a $51-billion hostile takeover of California-based Allergan Inc , and its third-quarter results are seen as pivotal to its efforts to remove most of Allergan's directors in a special shareholder meeting scheduled for Dec. 18. Valeant stock jumped 5.4 percent in Toronto and 5 percent in New York in morning trading. Allergan shares rose 2. ...

Exclusive: National Australia Bank considering sale of life insurance unit - sources
Wed, 24 Sep 2014 05:46:49 -0400 -

National Australia Bank logo is pictured on an automated teller machine in central SydneyBy Swati Pandey and Denny Thomas SYDNEY/HONG KONG (Reuters) - National Australia Bank (NAB) is considering the sale of its life insurance unit worth an estimated $800 million, seeking to boost earnings and returns on capital, people familiar with the matter told Reuters. Under new CEO Andrew Thorburn, Australia's fourth-largest bank by market value hopes to speed up the disposal of assets to help it focus on its domestic and New Zealand franchises. Last month, it announced plans to list U.S. bank Great Western Bancorp Inc, adding that it could offload 100 percent of its ownership over time. ...

Dr. Dre is king of hip hop with $620 million in earnings: Forbes
Tue, 23 Sep 2014 13:06:07 -0400 -

Eminem performs with Dr. Dre at the 53rd annual Grammy Awards in Los AngelesNEW YORK (Reuters) - With $620 million in estimated pre-tax earnings, veteran rapper and record producer Dr. Dre topped Forbes list as the highest paid hip hop artist, ousting Sean "Diddy" Combs from the top spot. Forbes said Dre's estimated annual earnings for the 12 months between June 2013 and 2014 are the highest of any musician in any genre it has ever evaluated, and more than the combined takings of the other 24 names on the hip-hop list released on Tuesday. ...

Air France: strike costing up to 20 million euros daily
Mon, 22 Sep 2014 11:07:08 -0400 - PARIS (Reuters) - Air France KLM said on Monday the seven-day-old French pilots strike was costing it daily up to 20 million euros ($25.7 million) at operating level and was having "catastrophic consequences for the company's customers, staff and financial situation". In a statement, the company said it would need to update its earnings target for this year once the industrial dispute had ended. (Reporting by Andrew Callus; Editing by Brian Love)
Bank of America shares to rise 50 percent in three years: Barron's
Sun, 21 Sep 2014 20:09:24 -0400 -

A Bank Of America sign is pictured in the Manhattan borough of New York(Reuters) - Bank of America Corp , the second-largest U.S. bank by total assets, could see its shares climb 50 percent over the next three years, Barron's financial newspaper said on Sunday. The bank could report earnings per share of $2 by 2017, which compares with 75 cents this year, according to the report. While legal costs related to the global financial crisis have impacted the bank's earnings, it should start to become more profitable in the fourth quarter, Barron's noted. The company is also expected to raise its dividend to 55 cents per share by 2017. ...

Eyeing 2015 election, UK's Labour pledges rise in minimum wage
Sun, 21 Sep 2014 08:05:00 -0400 -

The leader of Britain's opposition Labour Party, Ed Miliband, speaks to activists as he arrives at the Midland Hotel in ManchesterBy Kylie MacLellan MANCHESTER England (Reuters) - Britain's opposition Labour party promised on Sunday to raise the national minimum wage by more than 25 percent within five years if it wins next year's national election, a pledge designed to win over voters hit by rising living costs. Earnings in Britain have lagged behind inflation since the 2008 financial crisis. The rising cost of everything from gas to train tickets has shot up the political agenda since the return of economic growth forced Labour to shift its line of attack on the Conservative-led government ahead of the May 2015 vote. ...

Dollar's rally bad news for oil, multinationals
Sat, 20 Sep 2014 04:46:40 -0400 -

Photo illustration of one hundred dollar notes in SeoulBy Akane Otani NEW YORK (Reuters) - The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies. The greenback's recent gains have lifted the dollar index - a measure of the dollar's value relative to six currencies - for 10 consecutive weeks. ...

Oracle shares slide after soft results, CEO change
Fri, 19 Sep 2014 13:00:02 -0400 -

Oracle Corp CEO Ellison introduces the Oracle Database In-Memory during a launch event in Redwood Shores(Reuters) - Oracle Corp's shares fell as much as 5.5 percent after the database software maker reported disappointing quarterly earnings late Thursday and said Larry Ellison was stepping aside as chief executive. Ellison, co-founder and leader of Oracle for 37 years, will be replaced by co-CEOs Safra Catz and Mark Hurd, although Ellison will remain executive chairman and chief technology officer. Oracle shares were down $1.98 at $39.57 in mid-day trading on the New York Stock Exchange with 7.8 million shares changing hands, more than double the stock's 10-day average volume. ...

U.S. Senate Democrats propose exit tax for inverting companies
Fri, 19 Sep 2014 11:28:59 -0400 -

A staffer in the Dirksen Senate building walks past a scale model of the U.S. Capitol in WashingtonBy Emily Stephenson WASHINGTON (Reuters) - Two Senate Democrats want to force U.S. companies to pay an exit tax on any profits held overseas if the companies decide to reincorporate abroad to cut their tax bills, the latest in a slew of proposals to stem such "inversion" deals. Senators Sherrod Brown and Dick Durbin on Friday released details of a bill that would require foreign earnings that have not been repatriated, or brought into the United States, to be taxed as income at the point when a U.S. company inverts. ...

Toshiba says to cut 900 jobs in PC restructuring
Thu, 18 Sep 2014 02:36:24 -0400 -

A visitor looks at a display of Japan's Toshiba company during the IFA Electronics show in BerlinTOKYO (Reuters) - Japan's Toshiba Corp said it would cut 900 jobs in a restructuring of its PC business that will include an exit from business-to-consumer operations in some regions. The Japanese electronics conglomerate expects the PC restructuring to cut operating profit by 45 billion yen ($414 million) but did not change its earnings forecast for the current year to March, as better-than-expected earnings in electricity and other operations offset the impact. ...

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