Earnings

FILE - In this photo made on Wednesday, April 25, 2018, the prices for regular gas and diesel are posted at a Speedway station in Zelienople, Pa. The $21 billion sale of Speedway gas stations buys Marathon Petroleum some breathing room as the global pandemic continues to punish the energy sector. Wall Street focused on the sale to 7-Eleven over the weekend, rather than the huge losses the company posted Monday, Aug. 3, 2020 with a lack of demand for fuel leading to refinery shutdowns. (AP Photo/Keith Srakocic, file)
August 03, 2020 - 1:08 pm
SILVER SPRING, Md. (AP) — The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to punish the energy sector. Wall Street focused on the sale to 7-Eleven over the weekend, rather than the huge losses the company posted Monday...
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August 03, 2020 - 8:25 am
MILAN (AP) — Italian sportscar maker Ferrari lowered its full year earnings guidance on Monday after reporting second-quarter profits were nearly wiped out by temporary halts in production and delivery due to the coronavirus. The automaker reported 9 million euros ($10.5 million) in net profit for...
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FILE - In this Aug. 28, 2015, file photo, people walk past a branch of HSBC bank in London. Europe’s biggest bank, HSBC, has reported Monday, Aug. 3, 2020, its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic stunted business activity. (AP Photo/Frank Augstein, File)
August 03, 2020 - 1:41 am
LONDON (AP) — Europe’s biggest bank, HSBC, said Monday that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool hold. The bank's net profit was $192 million in the April-June quarter, down from $4.37...
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FILE - This March 11, 2019 file photo, shows the north entrance of the Trump International in Washington. A financial disclosure report released Friday, July 31, 2020, shows that revenue at President Donald Trump’s Washington D.C. hotel and several of his biggest clubs and resorts mostly held steady last year before the coronavirus forced many to shut their doors and lay off workers. (AP Photo/Mark Tenally, File)
August 01, 2020 - 12:58 am
NEW YORK (AP) — Revenue at President Donald Trump’s Washington, D.C., hotel and several of his biggest clubs and resorts mostly held steady last year before the coronavirus forced many to shut their doors and lay off workers, according to a financial disclosure report released Friday. Trump's D.C...
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A stock trader, left, adjusts his mask as he enters the New York Stock Exchange, Thursday, July 30, 2020. Strong gains for Big Tech stocks are helping to prop up Wall Street in early Friday trading following blowout profit reports from some of the market’s most influential companies. (AP Photo/Mark Lennihan)
July 31, 2020 - 5:21 pm
NEW YORK (AP) — Big Tech continues to steamroll through the pandemic, and strong gains for some of the market’s most influential companies on Friday helped Wall Street close out its fourth straight winning month. The S&P 500 rose 24.90 points, or 0.8%, to 3,271.12 following blowout profit...
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FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J. The pandemic increased sales of Merck medicines during the first quarter of 2020, as households around the world stocked up, but the drugmaker expects a significant hit this quarter as the full force of the outbreak lands. (AP Photo/Seth Wenig, File)
July 31, 2020 - 7:52 am
FAIRLESS HILLS, PA (AP) — Surging sales of its cancer medicines and reduced spending across the board helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter. The drugmaker boosted its financial forecast for the year Friday even as it spends...
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Passengers wearing face masks to prevent the spread of coronavirus queue prior to departure to London at a British Airways check-in desk at Adolfo Suarez-Barajas international airport, outskirts Madrid, Spain, Sunday, July 26, 2020. Britain has put Spain back on its unsafe list and announced Saturday that travelers arriving in the U.K. from Spain must now quarantine for 14 days. The move by the UK taken without forewarning has caught travelers off guard. (AP Photo/Manu Fernandez)
July 31, 2020 - 5:56 am
LONDON (AP) — The parent company of British Airways reeled to a loss of 3.8 billion euros ($4.5 billion) in the first six months of the year as travel restrictions from the COVID-19 pandemic ate into the bottom line. By way of comparison, IAG reported 806 million euros in profit in the same period...
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July 31, 2020 - 3:49 am
HELSINKI (AP) — Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue. The Espoo, Finland-based maker of new-generation 5G mobile and other networks...
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A man lifts his arm as he walks by the New York Stock Exchange, Thursday, July 30, 2020. Stocks are falling on Wall Street Thursday after reports showed that layoffs are continuing at a stubborn pace and that the U.S. economy contracted at a nearly 33% annual rate in the spring. (AP Photo/Mark Lennihan)
July 31, 2020 - 12:16 am
TOKYO (AP) — Asian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on record. Earnings reports, a gauge of how well businesses are managing the fallout...
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FILE - In this Oct. 20, 2019 file photograph, the company logo shines off the grille of an unsold 2019 F-250 pickup truck at a Ford dealership in Littleton, Colo. Ford Motor Co. reports quarterly financial results after the market close, Thursday, July 30 2020. (AP Photo/David Zalubowski, File)
July 30, 2020 - 6:38 pm
DETROIT (AP) — Ford Motor Co. posted results on Thursday that were not as grim as expected for its second quarter that saw its U.S. factories shuttered for half the period to combat the spread of the coronavirus and car buyers sheltering in place. Ford reported a $1.12 billion second-quarter net...
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