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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.

Lions Gate shares plunge on earns miss as merger hopes fade
Fri, 05 Feb 2016 16:13:55 -0500 -

FILE - In this Nov. 16, 2016 file photo, a staffer hands out Mockingjay pins with the French tricolor at the Los Angeles premiere of "The Hunger Games: Mockingjay - Part 2" at the Microsoft Theater. Shares of Hollywood studio Lions Gate plunged Friday, Feb. 5, 2016 after it missed earnings expectations due to the underperformance of the finale of "The Hunger Games" and investors fled as hopes diminished for the company to become an acquisition vehicle. (Photo by Jordan Stauss/Invision/AP)LOS ANGELES (AP) — Shares of Hollywood studio Lions Gate plunged Friday after it missed earnings expectations due to the underperformance of the finale of "The Hunger Games" and investors fled as hopes diminished for the company to become an acquisition vehicle.

Market view of next U.S. rate hike shifts into 2016 after jobs data
Fri, 05 Feb 2016 11:27:48 -0500 -

A man walks past the snow-covered grounds of the U.S. Federal Reserve in WashingtonThe U.S. Federal Reserve is increasingly likely to raise interest rates this year, traders bet on Friday, as a long-awaited surge in wages finally materialized and the unemployment rate dropped to an eight-year low. U.S. short-term interest-rate futures contracts fell, suggesting traders are now pricing in about a 50 percent chance that the U.S. central bank will next raise rates in December, up from about 20 percent before the report. U.S. job gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but average hourly earnings rose 0.5 percent and the unemployment rate fell to 4.9 percent from 5.0 percent, the Labor Department said on Friday in its monthly employment report.

Scandal-hit VW postpones earnings release, annual meeting
Fri, 05 Feb 2016 11:04:22 -0500 -

FILE - In this Sept. 26, 2015 file photo a giant logo of the German car manufacturer Volkswagen is pictured on top of a company's factory building in Wolfsburg, Germany. Volkswagen says it is postponing release of its full-year earnings as well as its annual shareholder meeting due to open questions about its diesel emissions scandal. The company said Friday Feb. 5, 2016 it would give new dates for the earnings release, formerly slated for March 10, and for its shareholder gathering originally set for April 21. (AP Photo/Michael Sohn, file)FRANKFURT, Germany (AP) — Volkswagen says it is postponing release of its full-year earnings as well as its annual shareholder meeting due to open questions about its diesel emissions scandal.

Dollar gains after U.S. data suggests possible 2016 Fed rate hikes
Fri, 05 Feb 2016 10:07:50 -0500 -

A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting the late Chinese Chairman Mao Zedong, are seen in a picture illustration in BeijingBy Sam Forgione NEW YORK (Reuters) - The U.S. dollar rebounded against a basket of major currencies on Friday after data showed a pickup in U.S. wages in January, suggesting greater inflation and denting the view that the Federal Reserve would not hike rates at all this year. U.S. Labor Department data showed that average hourly earnings increased 12 cents, or 0.5 percent, last month, leaving the year-on-year gain in earnings at 2.5 percent. The unemployment rate was at 4.9 percent, the lowest since February 2008.

VW delays 2015 results, shareholders' AGM over emissions probe
Fri, 05 Feb 2016 10:05:05 -0500 -

Embattled German auto giant Volkswagen is postponing publishing its 2015 annual resultsEmbattled German auto giant Volkswagen said Friday it would postpone publishing its 2015 annual results, as well as its shareholder meeting due to an ongoing probe into a global emissions-cheating scandal. The earnings news conference had been scheduled for March 10 and the shareholders' annual general meeting (AGM) for April 21, but new dates for both events "will be announced as soon as possible," VW said in a short statement. The carmaker will "set a new date for the publication of the annual accounts for fiscal year 2015 due to remaining open questions and the resulting valuation calculations relating to the diesel emissions issue," it said.

Toyota posts $5.4 billion quarterly profit, raises forecast
Fri, 05 Feb 2016 05:05:53 -0500 -

FILE - In this Oct. 28, 2015, file photo, Toyota Motor Corp.'s booth is crowded with visitors in the media preview of the Tokyo Motor Show in Tokyo. On Friday, Feb. 5, 2016, Toyota Motor Corp. reports financial results. (AP Photo/Shuji Kajiyama, File)TOKYO (AP) — Toyota's quarterly profit rose nearly 5 percent as the weaker yen and cost reductions offset declining sales in some markets. The automaker raised its full-year earnings forecast.

Volvo readies for U.S. slowdown as fourth-quarter profit just lags
Fri, 05 Feb 2016 03:32:00 -0500 -

File photo shows a Volvo logo at the Jacob Javits Convention Center during the New York International Auto Show in New YorkBy Niklas Pollard and Johannes Hellstrom STOCKHOLM (Reuters) - Swedish truck maker Volvo forecast a steeper than expected slowdown in the North American heavy-duty truck market this year and said it would cut production there after posting a slightly smaller than predicted rise in fourth-quarter earnings. Volvo, a rival of German Daimler and Volkswagen's truck brands, is contending with falling demand for commercial vehicles in the United States and Brazil and a plunge in purchases of its construction equipment in China. While European truck sales are growing, the group's ability to parry downturns elsewhere is a test for the leaner and meaner company Volvo has sought to create through years of cost cuts, targeted to reach 10 billion crowns ($1.17 billion) this year.

Investors, analysts pan ConocoPhillip's decision to slash payout
Thu, 04 Feb 2016 16:36:02 -0500 - When it split off its Phillips 66 refining arm in 2012, ConocoPhillips said a rich and growing dividend payout would entice investors and set it apart from other exploration and production companies that typically offered lower shareholder returns. Now, Conoco's dividend yield is 2.6 percent, in line with the average yield of 2.4 percent for independent exploration and production companies but below the 4.4 percent average of oil majors, according to data from Cowen and Company. Several analysts on the company's fourth-quarter earnings call asked what the largest U.S. independent oil and gas company now has to offer investors, about four years after it ditched an integrated business model that ExxonMobil has touted for ensuring a cushion of refining profits in downturns.
Saputo adjusted profit rises, boosted by weak Canadian dollar
Thu, 04 Feb 2016 13:07:00 -0500 - (Reuters) - Saputo Inc , one of Canada's largest dairy producers, reported higher than expected adjusted earnings on Thursday, helped by weakness in the Canadian dollar. For its fiscal third quarter, adjusted net income rose 13.5 percent to C$175.4 million, or 44 Canadian cents a share. Revenue during the quarter, which ended Dec. 31, rose 2.8 percent to C$2.9 billion. Analysts were expecting Saputo to earn 39 Canadian cents per share on revenue of C$2.9 billion, according to Thomson Reuters I/B/E/S. ...
Oil price drop pushes Shell profit down 44 percent
Thu, 04 Feb 2016 11:24:37 -0500 -

FILE - In this Monday, April 7, 2014 file photo, a flag bearing the company logo of Royal Dutch Shell, flies outside the head office in The Hague, Netherlands. Royal Dutch Shell said fourth-quarter earnings tumbled 44 percent as the collapse in oil prices took its toll on another European oil company. Profit adjusted for changes in the value of inventories and one-time items dropped to $1.83 billion from $3.26 billion in the same period a year earlier, the Anglo-Dutch energy giant said Thursday Feb. 4, 2016. (AP Photo/Peter Dejong, File)LONDON (AP) — Royal Dutch Shell said fourth-quarter earnings tumbled 44 percent as the collapse in oil prices took its toll on another global energy giant.

South Africa's Harmony Gold plans to clear debt this year; swings to Q2 profit
Thu, 04 Feb 2016 07:54:43 -0500 -

Sun sets behind a shaft outside the mining town of CarletonvilleBy Zandi Shabalala JOHANNESBURG (Reuters) - South Africa's Harmony Gold seeks to wipe out its debt by the end the year, its chief executive said on Thursday, as the firm swung into quarterly profit thanks to a weaker rand and higher production. Shares in Harmony Gold, which are up almost 350 percent since November, soared as much as 15 percent and traded up 7 percent at 35.30 rand by 1150 GMT. Harmony Gold has cut jobs and costs to cope with plunging bullion prices, allowing it to pay down some of its debt.

Anglo, BHP Billiton seen hardest hit by commodities slump
Thu, 04 Feb 2016 07:24:26 -0500 -

A man walks past a train carrying goods, at Anglo Platinum's Khomanani shaft 1 mine in RustenburgBy Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) - Anglo American and BHP Billiton are expected to report far weaker earnings following the commodity price slide than their rivals among the top five global miners. The global commodity rout, which has seen crude oil and copper prices hit multi-year lows this year, has forced Anglo, Glencore and Vale SA to sell assets and cut dividends and capital spending to preserve cash and reduce debt. Within the five top miners, Rio Tinto is seen as the standout in the pack, but it is also set to face problems further down the road, analysts say.

Vodafone says recovery in Europe still on track
Thu, 04 Feb 2016 06:33:10 -0500 -

Branding for Vodafone is seen on the exterior of a shop in London, BritainBy Paul Sandle LONDON (Reuters) - Mobile phone company Vodafone delivered its sixth consecutive quarter of underlying revenue growth on Thursday, as Germany and Italy led an improvement in Europe, its biggest regional business. Vodafone also said it was on track to deliver full-year earnings before interest, tax, depreciation and amortization of between 11.7 billion and 12 billion pounds, which compares with a reported EBITDA of 11.92 billion pounds last year and the average of analysts' forecasts of 11.6 billion pounds. "Although in-line (with forecasts) at the headline level, we see these (third-quarter) results as a positive given improvements in Germany and Italy and the likelihood that the pressures in India will pass," Citi analyst Simon Weeden said.

AstraZeneca doubles profits, warns of lower drug sales
Thu, 04 Feb 2016 06:15:50 -0500 -

British pharmaceuticals giant AstraZeneca is seeking to rebuild a portfolio of exclusive medicines amid intense competition from makers of generic drugsBritish pharmaceuticals giant AstraZeneca on Thursday said its net profits more than doubled in 2015, adding it expects lower sales this year on US patent expiry of cholesterol treatment Crestor. Profit after tax came in at $2.83 billion (2.54 billion euros) last year, compared with $1.23 billion in 2014, AstraZeneca said in an earnings statement. The forecast "assumes the loss of exclusivity for Crestor in the US from May 2016", AstraZeneca said.

AstraZeneca warns on profits in 2016 as Crestor patent loss weighs
Thu, 04 Feb 2016 05:17:48 -0500 -

The logo of AstraZeneca is seen on a medication package in a pharmacy in LondonAstraZeneca warned on Thursday that revenue and earnings would drop this year due to the arrival of cheap generic rivals to Crestor, its top-selling cholesterol drug, which will offset growth in sales of newer medicines. For 2016 AstraZeneca said that would mean a low to mid single-digit percentage decline in both revenue and core earnings per share, which exclude certain items, at constant exchange rates. Many investors had expected AstraZeneca to predict broadly flat earnings in 2016, in part because long-term management incentives are tied to keeping earnings at or above $4.20 a share.

South Africa's Harmony Gold swings into quarterly profit
Thu, 04 Feb 2016 02:02:09 -0500 -

Gold bars are displayed at South Africa's Rand Refinery in GermistonJOHANNESBURG (Reuters) - South Africa's Harmony Gold said on Thursday it swung into quarterly profit as production inched up and a weaker rand currency offset declines in the dollar price of bullion. Headline earnings per share - which strips off certain one-off items - reached 17 cents in the three months to December from a loss of 1.20 rand in the previous quarter. Production in the period rose for a third consecutive quarter by 2 percent to 287,074 ounces, the company said in a statement. ...

Suncor reports fourth-quarter loss, slashes 2016 capital budget
Wed, 03 Feb 2016 21:02:43 -0500 - By Nia Williams CALGARY, Alberta (Reuters) - Suncor Energy Inc , Canada's largest oil and gas company, reported a fourth-quarter operating loss and cut 2016 capital spending plans on Wednesday because of the collapse in global crude prices. It fell short of market expectations of operating earnings of 10 cents a share, underlining how even the biggest oil sands producers are struggling to cope with slumping prices. Suncor also reported a C$2 billion ($1.46 billion) net loss, or C$1.38 a common share, because of asset writedowns as a result of the weak commodity price environment and unrealized foreign exchange losses on U.S. dollar-denominated debt.
Daimler speeds on to record profits, sales in 2015
Wed, 03 Feb 2016 19:43:49 -0500 -

Daimler said that in 2015, net profit jumped by 23 percent to 8.9 billion euros ($9.9 billion), operating profit was up 36 percent at 13.8 billion euros and revenues climbed by 15 percent to 149.5 billion eurosGerman auto giant Daimler on Thursday expressed confidence for the outlook this year after achieving new record levels of sales and earnings in 2015. "Daimler grew profitably once again in 2015 and once more achieved record levels of unit sales and revenue, as well as (underlying) and net profit, with contributions from all divisions," the group said in a statement. Daimler said that worldwide vehicle sales were up 12 percent at 2.853 million units.

GM earnings jump on strong North America sales, big tax gain
Wed, 03 Feb 2016 09:06:00 -0500 -

General Motors is riding the wave of a booming auto market in the United StatesGeneral Motors reported a huge jump in fourth-quarter earnings Wednesday on strong operating profits in North America and a big tax benefit in Europe. Some auto industry observers have said the booming US auto market could soon slow, but GM chief financial officer Chuck Stevens expressed confidence the good times will roll a while longer. "We are well positioned for the downturn, we just don't think it's going to happen anytime soon," Stevens told reporters on a conference call.

China's Lenovo posts surprise Q3 profit gain
Wed, 03 Feb 2016 05:33:11 -0500 -

Lenovo has suffered from a decline in global demand for PCs, which account for around a third of its revenue despite its efforts to diversify into other sectorsChinese technology giant Lenovo on Wednesday posted its first revenue decline for six years due to slowing growth in the smartphone market and falling PC sales, sending its shares plummeting. Lenovo said revenue for the October-December quarter declined eight percent year-on-year to $12.9 billion. Its shares had fallen 10.19 percent at the close in Hong Kong, while the overall Hang Seng Index dropped 2.34 percent.

Kumba Iron Ore sees 2015 profit plunging as supply glut persists
Wed, 03 Feb 2016 02:36:36 -0500 -

To match Feature SAFRICA-KUMBA/EMPOWERMENTSouth Africa's Kumba Iron Ore said on Tuesday it expected full-year earnings to December 2015 plunge as much as 67 percent as it battled slumping prices for the steel-making ingredient. Headline EPS is the main gauge of profit in South Africa and strips out certain one-off items. Iron ore prices fell about 35 percent in 2015 due to a supply glut and growth concerns in top consumer China, forcing Kumba to cut jobs and restructure its main mine, Sishen.

Oil shares trounced as US, European stocks fall
Tue, 02 Feb 2016 17:57:32 -0500 -

Traders work on the floor of the New York Stock Exchange on February 2, 2016New York (AFP) - US and European stocks tumbled Tuesday with petroleum-linked shares coming under pressure as BP and ExxonMobil reported weak earnings and oil prices fell again.

Wall Street slides with Exxon, oil; Chipotle dips after close
Tue, 02 Feb 2016 17:29:45 -0500 -

Traders work the floor of the New York Stock Exchange in New YorkShares of Exxon fell 2.2 percent to $74.59 after the oil major reported its smallest quarterly profit in more than a decade, forecast a 25-percent drop in capital spending from 2015 levels and suspended share repurchases. With Exxon, "not only did the earnings disappoint people, but the fact that they slashed capex so much and they (suspended) their share repurchase program. It's a good indication that one more large oil company is not seeing an improvement in the environment," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

Alphabet passes Apple as biggest company -- now what?
Tue, 02 Feb 2016 16:57:26 -0500 -

Google's core advertising business is strong and its earnings report reassures markets that it is not squandering cash on unprofitable venturesEven before it became a household name, Google parent Alphabet has become the world's most valuable company, vaulting past Apple in a sign of an evolving technology landscape. On Wall Street Tuesday, Alphabet's shares reflected a market capitalization to $531 billion at the close following its strong earnings report, while Apple's value declined to $523.9 billion with a modest dip in trading. Apple ends a run of four years as the world's largest publicly traded company, having overtaken Exxon Mobil on January 25, 2012.

Plunge in oil price batters ExxonMobil earnings
Tue, 02 Feb 2016 15:48:13 -0500 -

ExxonMobil saw a massive decline in income from exploration and production of crude oilExxonMobil announced plans to slash its capital budget and suspend its share repurchase program Tuesday after the crash in oil prices cut deeply into its earnings. The biggest US oil company reported a 58 percent drop in fourth-quarter earnings to $2.8 billion, its lowest quarterly profit since 2002. As with other petroleum companies, ExxonMobil saw a massive decline in income from exploration and production of crude oil.

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