Gathered $428 Billion in Annual Core Net New Assets; Added More Than 4 Million New Accounts 2022 Revenues Grew 12% to $20.8 Billion; Earnings per Share Increased to $3.50, $3.90 Adjusted (1) WESTLAKE, Texas–(BUSINESS WIRE)– The Charles Schwab Corporation announced today that its net income for the fourth quarter ofContinue Reading
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton posted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue. The company’s sharesContinue Reading
Rafael Henrique | Lightrocket | Getty Images CVS Health reported third quarter earnings Wednesday morning that beat Wall Street’s expectations. Here’s how the pharmacy giant performed compared to Wall analysts’ estimates, according to Refinitiv: Earnings per share $2.09 vs. $1.99, expected. Revenue $81.16 billion vs. $76.75 billion, expected. It’s theContinue Reading
United Parcel Service driver pulls away after making a delivery in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images United Parcel Service reported mixed third quarter results Tuesday morning, posting earnings that beat analyst expectations and revenue that fell short of predictions. The company said softening demand globally hurtContinue Reading
U.S. stocks were trading sharply higher Friday as investors weighed a story from the Wall Street Journal and comments from Federal Reserve officials suggesting that the central bank might shift to smaller interest-rate rises after its November meeting. Investors were also coping with intraday volatility in stocks as around $2Continue Reading
A worker arranges boxes of Hasbro board games on a shelf at a Target Corp. location in Emeryville, California. David Paul Morris | Bloomberg | Getty Images Hasbro reported third-quarter earnings Tuesday morning that fell short of analysts’ expectations as inflation weighed on consumers and the company contended with highContinue Reading
$115 Billion in Core Net New Assets Represents a 7% Annualized Growth Rate Revenues Rise 20% Year-Over-Year to $5.5 Billion; Net Income Reaches $2.0 Billion, up 32% Record GAAP Earnings Per Share of $.99, $1.10 Adjusted (1) as Company Delivers Growth Plus Capital Return WESTLAKE, Texas–(BUSINESS WIRE)– The Charles SchwabContinue Reading
An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza on Thursday reported better-than-expected revenue for the third quarter and stood by its forecast for food costs, even though earnings fell short of estimates. Shares ofContinue Reading
PepsiCo hiked its forecast for the year Wednesday as higher prices helped lift the snack-and-beverage maker’s revenue for the third quarter. Shares were up about 2% in pre-market trading. For the quarter ended Sept. 3, PepsiCo said revenue rose 9% from a year ago to $21.97 billion, topping Wall StreetContinue Reading
Tesla Inc. reported record quarterly deliveries on Sunday. but the number still disappointed analysts. Tesla said it produced over 365,000 vehicles in the just-completed third quarter, and made more than 343,000 deliveries. That was a significant rebound from the second quarter, when it reported nearly 259,000 vehicles built and 255,000Continue Reading