Earnings estimates

FILE - In this Oct. 2, 2019, file photo specialist William Geier works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Oct. 18. (AP Photo/Richard Drew, File)
October 18, 2019 - 11:04 am

Stocks slip as first big week of earnings heads to a finish

Technology companies led a slide in stocks on Wall Street Friday afternoon as investors weighed a mix of company earnings reports. The selling erased some of the market's gains from a day earlier. Still, the S&P 500 was on track to end a choppy week of trading with its second straight weekly...
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FILE - This Tuesday, Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Jim Mone, File)
October 15, 2019 - 9:50 am

UnitedHealth hikes annual forecast, offers glimpse into 2020

UnitedHealth Group raised its 2019 forecast and detailed another better-than-expected quarter Tuesday, but shares soared after company leaders mentioned next year's growth prospects. CEO David Wichmann told analysts it would be "reasonable and prudent" for them to set initial expectations for core...
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FILE - This Nov. 29, 2018, file photo shows a Wells Fargo bank location in Philadelphia. Wells Fargo & Co. reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Matt Rourke, File)
October 15, 2019 - 5:32 am

Wells Fargo 3Q profit falls 23%, revenue rises slightly

SAN FRANCISCO (AP) — Wells Fargo & Co. says net income in the third quarter fell 23% to $4.61 billion. The bank, based in San Francisco, said Tuesday that it had earnings of 92 cents per share, down from $1.13 per share a year ago. The results missed Wall Street expectations. The average...
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This Aug. 11, 2019, photo shows a Citibank credit card in New Orleans. Citigroup Inc. reports financial results Tuesday, Oct. 14. (AP Photo/Jenny Kane)
October 15, 2019 - 5:32 am

Citigroup: 3Q Earnings Snapshot

NEW YORK (AP) — Citigroup Inc. on Tuesday reported higher third-quarter earnings, driven by a lower effective tax rate and higher revenue, partially offset by higher expenses and cost of credit. The New York-based company said it earned $4.91 billion, or earnings of $2.07 per share. Earnings,...
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FILE- This Nov. 14, 2018, file photo shows Lubriderm, a Johnson & Johnson product, on display at a market in Pittsburgh. Johnson & Johnson reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Gene J. Puskar, File)
October 15, 2019 - 5:02 am

Higher 3Q profit, improved outlook for Johnson & Johnson

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson's third-quarter profit jumped 23%, beating Wall Street forecasts, thanks to higher sales of its key medicines for cancer and immune disorders and an acquisition-related charge a year earlier. The world's biggest maker of health care products also...
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In this Aug. 27, 2019 photo, the Best Buy logo is shown on a store in Richfield, Minn. Best Buy Co. reports financial results Thursday, Aug. 29. (AP Photo/Jim Mone)
August 29, 2019 - 11:44 am

Best Buy 2Q profit beats estimates, but revenue misses

NEW YORK (AP) — Best Buy Co. reported a sales shortfall for the fiscal second quarter and trimmed its annual sales forecast, blaming uncertainty surrounding an escalating trade war with China heading into the holiday shopping season. Shares of the retailer fell 8% in afternoon trading Thursday. "It...
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FILE - In this May 22, 2017, file photo, a gift box from Tiffany & Co. is arranged for a photo in Surfside, Fla. Tiffany & Co. reports financial results Wednesday, Aug. 28. (AP Photo/Wilfredo Lee, File)
August 28, 2019 - 10:26 am

Continued tourist spending slump weighs on Tiffany's results

NEW YORK (AP) — Tiffany & Co.'s second quarter profits and sales fell as the jewelry chain grappled with continued weak spending by international tourists. However, the company stuck with its full-year forecast despite amid so much uncertainty. Tiffany said earlier this year that holiday sales...
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FILE - In this Aug. 21, 2019, file photo specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Aug. 28. (AP Photo/Richard Drew, File)
August 28, 2019 - 9:57 am

Banks help drive US stocks broadly higher after wobbly start

Banks and energy companies helped power U.S. stocks broadly higher in midday trading Wednesday as the market clawed back some of its losses from a day earlier. Financial sector stocks accounted for much of the rally, which reversed an early slide. Big banks were among the sector's gainers. Wells...
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FILE - This Aug. 23, 2018, file photo shows a window display at a Gap Kids clothing store in Winter Park, Fla. The Gap Inc. reports financial results Thursday, Aug. 22. (AP Photo/John Raoux, File)
August 22, 2019 - 3:53 pm

Gap's 2Q profits fall, reflecting chain still mired in slump

NEW YORK (AP) — Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright...
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August 20, 2019 - 4:30 am

Home Depot cuts outlook citing tariffs, lumber prices

Home Depot cut its sales expectations for the year as lumber prices slid and the company braces for the potential impact of tariffs on its customers. The Trump administration delayed most of the tariffs it planned to impose on Chinese goods last week and dropped others altogether, responding to...
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