Earnings surprises

FILE - In this Thursday, Oct. 13, 2016, file photo, commuters walk by a Wells Fargo ATM location at New York's Penn Station. Wells Fargo & Co. reports earnings Friday, Oct. 13, 2017. (AP Photo/Swayne B. Hall, File)
October 13, 2017 - 12:01 pm
NEW YORK (AP) — Wells Fargo's third-quarter profits took a beating this quarter, falling 18 percent, after the bank had to set aside about $1 billion for legal expenses related to its mortgage practices before the financial crisis. The legacy from last decade's housing bubble bit Wells at a time...
Read More
FILE - This Oct. 14, 2012, file photo shows a Bank of America branch in downtown Miami. Bank of America Corp. reports earnings Friday, Oct. 13, 2017. (AP Photo/Lynne Sladky, File)
October 13, 2017 - 7:12 am
NEW YORK (AP) — Bank of America is reporting a 13 percent jump in quarterly profits, helped by higher interest rates and an increase in lending. The Charlotte-based bank said it earned $5.59 billion in the third quarter, or 48 cents per share, compared with $4.96 billion, or 41 cents per share, in...
Read More
In this Thursday, June 1, 2017, photo, customers walk out of a Walmart store in Hialeah Gardens, Fla. Walmart is expected to provide an update about its expansion plans and issue an outlook for revenue and earnings at its annual shareholder meeting, Tuesday, Oct. 10, 2017. (AP Photo/Alan Diaz)
October 10, 2017 - 2:13 pm
NEW YORK (AP) — Walmart is all about online, anticipating digital sales next fiscal year will rise about 40 percent and that it will double the number of U.S. curbside locations for online grocery shoppers at its stores. But the world's largest retailer continues to scale back new store growth in...
Read More
FILE - In this Wednesday, July 8, 2015, file photo, Federal Hall's George Washington statue stands near the flag-covered pillars of the New York Stock Exchange. Stocks are off to a mixed start on Wall Street, Tuesday, Oct. 17, 2017, as gains for health care companies are offset by losses elsewhere in the market. (AP Photo/Bebeto Matthews, File)
September 29, 2017 - 12:37 pm
NEW YORK (AP) — Large technology companies and smaller U.S.-focused firms are rising again Friday morning and taking stocks to more record highs. Tyson Foods is climbing after it gave strong profit forecasts, and investors cheered strong quarterly results from homebuilder KB Home. Stocks are...
Read More
In this Monday, May 22, 2017, photo, Edward Calixto walks out of a Best Buy store with his purchased LED TV, in Hialeah, Fla. Best Buy Co., Inc. reports earnings, Tuesday, Aug. 29, 2017. (AP Photo/Alan Diaz)
August 29, 2017 - 12:07 pm
NEW YORK (AP) — Best Buy is rolling out a free service next month where salespeople will sit with customers at their own homes to help make recommendations on TVs, streaming services and more. The service, which was tested in five markets, will be expanded to more cities around the country. Best...
Read More
This Wednesday, June 29, 2016, photo, shows a Lowe's store in Hialeah, Fla. Lowe's Cos. Inc. reports earnings, Wednesday, Aug. 23, 2017. (AP Photo/Alan Diaz)
August 23, 2017 - 7:09 am
MOORESVILLE, N.C. (AP) — Lowe's second-quarter profit got a boost from the sales of an Australian joint venture, but its performance was weak by most measures in a vibrant housing market, and its profit outlook for the year was well below the expectations of industry analysts. Shares fell 5 percent...
Read More
FILE - In this Oct. 8, 2014, file photo, a Wall Street address is carved in the side of a building in New York. Stock indexes are wavering between small gains and losses in early trading on Wall Street, Thursday, Jan. 18, 2018, as gains for technology companies are offset by losses in energy and other sectors. (AP Photo/Mark Lennihan, File)
August 11, 2017 - 12:36 pm
Technology companies led U.S. stocks slightly higher in midday trading Friday, recouping some of the losses from the day before. Investors welcomed new data showing U.S. inflation at the consumer level inched higher last month, suggesting that the Federal Reserve may be less likely to raise...
Read More
This Tuesday, May 2, 2017, photo shows Macy's corporate signage at its flagship store in New York. Macy's Inc. reports earnings, Thursday, Aug. 10, 2017. (AP Photo/Bebeto Matthews)
August 10, 2017 - 6:08 pm
NEW YORK (AP) — It's still a pretty rough time to be a department store. Macy's, Kohl's and Dillard's all said Thursday that a key sales figure fell again in the latest quarter as customers increasingly shop online, at discount stores and elsewhere. Nordstrom, the outlier, saw those sales rise 1.7...
Read More
This Tuesday, May 2, 2017, photo shows Macy's corporate signage at its flagship store in New York. Macy's Inc. reports earnings, Thursday, Aug. 10, 2017. (AP Photo/Bebeto Matthews)
August 10, 2017 - 10:28 am
CINCINNATI (AP) — Department store chains saw key sales figures fall again in the latest quarter as customers increasingly move online, though at Macy's the decrease wasn't as bad as Wall Street expected and Kohl's managed to keep the decline to just 0.4 percent. Shares in the stores fell, with...
Read More
Trader Peter Tuchman wears a "Dow 22,000" hat as he works on the floor of the New York Stock Exchange, Wednesday, Aug. 2, 2017. The Dow Jones industrial average closed above 22,000 points for the first time, driven by a big gain in Apple on an otherwise mixed day for the market. (AP Photo/Richard Drew)
August 02, 2017 - 5:29 pm
NEW YORK (AP) — Being the world's most valuable public company has its privileges, like getting almost all the credit for the latest stock market milestone. Apple made its biggest jump in six months Wednesday, helping send the Dow Jones industrial average above 22,000 points for the first time...
Read More