Earnings

August 01, 2019 - 1:54 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 1:37 p.m. Stocks dropped sharply on Wall Street and investors snapped up bonds after President Donald Trump escalated his trade battle with China. The Dow Jones Industrial Average went from a gain of more than 250 to...
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FILE - In this July 16, 2019, file photo Chief Executive Officer Mary Barra speaks during the opening of contract talks with the United Auto Workers in Detroit. General Motors reports financial results Thursday, Aug. 1. (AP Photo/Paul Sancya, File)
August 01, 2019 - 9:33 am
DETROIT (AP) — General Motors said Thursday that higher prices for popular pickup trucks and SUVs helped overcome slowing global sales and profit rose by 1% in the second quarter. The Detroit automaker said it made $2.42 billion, or $1.66 per share, from April through June. Adjusting for...
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August 01, 2019 - 6:27 am
FRANKFURT, Germany (AP) — Luxury automaker BMW said Thursday that net profit fell 29% to 1.48 billion euros ($1.63 billion) in the second quarter from a year earlier, as profits were reduced by higher spending on revamping factories and on new technologies such as battery-only cars and smartphone-...
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August 01, 2019 - 5:36 am
LONDON (AP) — Anglo-Dutch energy giant Royal Dutch Shell says second-quarter earnings dropped 26% as lower oil and natural gas prices overshadowed an increase in production. Earnings based on the current cost of supplies and excluding one-time items — Shell's preferred measure — fell to $3.46...
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August 01, 2019 - 5:02 am
LONDON (AP) — London-based Barclays bank says second-quarter earnings fell 19% as income stagnated and it set aside more money to cover bad loans. Net income dropped to 1.03 billion pounds ($1.25 billion) from 1.28 billion in the same period last year. Income was largely flat at 5.54 billion pounds...
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July 31, 2019 - 12:42 pm
ATLANTA (AP) — Georgia Power says it has ordered the first nuclear fuel in more than three decades for a newly-designed nuclear reactor project in the United States. The company said Tuesday that the order marks a milestone for the Plant Vogtle project, the nation's first large-scale nuclear...
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FILE - In this June 15, 2019, file photo customers leave an Apple store on the 3rd Street Promenade in Santa Monica, Calif. Apple Inc. reports financial results on Tuesday, July 30. (AP Photo/Richard Vogel, File)
July 30, 2019 - 6:34 pm
SAN FRANCISCO (AP) — Apple's iPhone sales are still sputtering while the company tries to offset the decline by milking more money from digital services such as music. The latest evidence of the iPhone's waning popularity had been expected. Even so, the confirmation in Tuesday's fiscal third-...
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FILE - This May 1, 2018 file photo shows Merck corporate headquarters in Kenilworth, N.J. Merck & Co. reports earnings Friday, Feb. 1, 2019. Merck & Co., Inc. reports financial results on Tuesday, July 30, 2019. (AP Photo/Seth Wenig, File)
July 30, 2019 - 10:42 am
Soaring sales of its cancer blockbuster and vaccines helped drive Merck's second-quarter profit up a whopping 54%, blowing past Wall Street expectations and cheering investors. The maker of cancer immunotherapy drug Keytruda and diabetes pill Januvia also benefited from slightly reduced spending on...
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July 30, 2019 - 4:32 am
TOKYO (AP) — Sony Corp. has reported a 33% drop in its fiscal first quarter profit as sales dipped in its electronics operations, including TV sets and camcorders. The Japanese electronics and entertainment company reported Tuesday that its April-June profit totaled 152 billion yen ($1.4 billion),...
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July 30, 2019 - 4:06 am
TOKYO (AP) — Japanese video game maker Nintendo Co. has reported its fiscal first quarter profit dipped to about half of what it was a year earlier despite improved sales as an unfavorable exchange rate eroded earnings. Nintendo said Tuesday its profit in the April-June quarter totaled 16.6 billion...
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