Earnings

November 04, 2019 - 6:11 am
MILAN (AP) — Ferrari has raised its earnings forecast, citing a robust third-quarter performance including a 9% increase in deliveries. The sportscar maker said Monday that net profit was 169 million euros ($188 million). That was down from 287 million euros a year earlier, when Ferrari benefited...
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November 03, 2019 - 7:06 pm
NEW YORK (AP) — Under Armour Inc. is being investigated by federal authorities over its accounting practices. The athletic gear company said Sunday that it has been cooperating with the U.S. Securities and Exchange Commission and the U.S. Department of Justice on their investigations for two years...
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FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Berkshire Hathaway Inc. reports earnings on Saturday, Nov. 2. (AP Photo/Nati Harnik, File)
November 02, 2019 - 5:14 pm
OMAHA, Neb. (AP) — Warren Buffett's company reported Saturday that it saw an 11% decline in third-quarter profits because of a smaller increase in the paper value of its investments, even as it sits on a mountain of cash. Berkshire Hathaway said it made $16.52 billion, or $10,119 per Class A share...
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FILE - In this Tuesday, Oct. 29, 2019, file photo specialist Gregg Maloney, left, and trader John Panin work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Nov. 1. (AP Photo/Richard Drew, File)
November 01, 2019 - 11:35 am
NEW YORK (AP) — A government report revealing surprisingly solid job growth in October put investors in a buying mood Friday and drove broad gains for U.S. stocks in midday trading. The Labor Department said U.S. employers added 128,000 jobs, far more than the 89,500 additions that economists...
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FILE - In this June 26, 2019, file photo a Mobil gas pump displays the various types of fuel and their prices at this Flowood, Miss., station. Exxon Mobil Corp. reports financial results Friday, Nov. 1. (AP Photo/Rogelio V. Solis, File)
November 01, 2019 - 9:38 am
NEW YORK (AP) — Exxon Mobil's profits fell dramatically in the third quarter as the company was hurt by lower prices for crude oil and natural gas. The Texas oil giant reported $3.17 billion in profits in the third quarter Friday, down 49% from the same time last year. Total revenue was $65.05...
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FILE - In this June 26, 2019, file photo a Mobil gas pump displays the various types of fuel and their prices at this Flowood, Miss., station. Exxon Mobil Corp. reports financial results Friday, Nov. 1. (AP Photo/Rogelio V. Solis, File)
Associated Press
November 01, 2019 - 7:30 am
IRVING, Texas (AP) — Exxon Mobil's profit tumbled with crude prices down about 15% from where they were last year, though a $300 million boost from a tax-related item helped. Exxon Mobil Corp. on Friday reported net income of $3.17 billion, or 75 cents per share. Those per-share earnings were 68...
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FILE - In this Dec. 20, 2018, file photo Juul products are displayed at a smoke shop in New York. Altria swung to a loss in the third quarter as it wrote down the value of its investment in e-cigarette maker Juul. Altria bought roughly a third of Juul for $13 billion last December. Since then, an outbreak of vaping illnesses - some deadly - has led to multiple investigations, with Juul no longer advertising its products in the U.S. (AP Photo/Seth Wenig, File)
October 31, 2019 - 5:13 pm
WASHINGTON (AP) — Marlboro-maker Altria is taking a big financial hit from its multibillion-dollar bet on e-cigarettes. The tobacco giant on Thursday slashed the value of its investment in the beleaguered vaping company Juul Labs by a third, dragging down its results to a financial loss for the...
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October 30, 2019 - 9:08 pm
SEOUL, South Korea (AP) — Samsung Electronics says it operating profit for the last quarter fell by nearly 56%, with its robust smartphone and TV sales offset by a continuously weak market for computer chips. The South Korean technology giant on Thursday reported an operating profit of 7.78...
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FILE - In this June 3, 2019, file photo Apple CEO Tim Cook, left, and chief design officer Jonathan Ive look at a Mac Pro in the display room at the Apple Worldwide Developers Conference in San Jose, Calif. Apple Inc. reports financial earns on Wednesday, Oct. 30. (AP Photo/Jeff Chiu, File)
October 30, 2019 - 5:53 pm
SAN FRANCISCO (AP) — Apple is still running a well-oiled moneymaking machine despite cooling demand for its hottest product, the iPhone. Sales and revenue in the July-September quarter exceeded Wall Street estimates as Apple's newest iPhones got off to a better start than expected, even though the...
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FILE - This June 26, 2019 file photo shows a Starbucks sign outside a Starbucks coffee shop in downtown Pittsburgh. Starbucks Corp. reports financial earns on Wednesday, Oct. 30. (AP Photo/Gene J. Puskar, File)
October 30, 2019 - 3:56 pm
Starbucks Corp. ended its fiscal year on a high note as new drinks and more efficient stores drew in U.S. customers. Starbucks said same-store sales in the Americas region — or sales at stores open at least 13 months — rose 6% during the July-September period. Half that increase came from consumers...
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