An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images Eli Lilly on Tuesday forecast a higher-than-expected profit for 2020, citing growing demand for its medicines including diabetes drug Trulicity and psoriatic arthritis
Earnings
Oracle Chairman and Chief Technolgoy Officer Larry Ellison delivers a keynote address during the Oracle OpenWorld conference in San Francisco on October 22, 2018. Justin Sullivan | Getty Images Oracle shares moved 3% lower in extended trading on Thursday after the company reported fiscal second-quarter revenue that fell short of analysts’ estimates. On a conference
Broadcom’s fourth-quarter earnings beat Street estimates on Thursday, but investors were put off by slowing growth in semiconductor business and a lukewarm revenue forecast for 2020, sending its shares down about 2% in extended trade. The 17-month long trade war between the United States and China and sanctions on China’s Huawei Technologies pressured its core
Costco Wholesale reported lower-than-expected quarterly revenue on Thursday, hit by a slowdown in the number of customers shopping on the warehouse club operator’s website. U.S. grocers have become increasingly dependent on their online businesses to drive sales growth as consumers demand the convenience of shopping at home or at work in a sector saturated with
The Adobe Systems Creative Cloud application is displayed on an Apple iPhone in an arranged photograph taken in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Adobe beat Wall Street estimates for fourth-quarter revenue and profit on Thursday on higher subscriptions in its core digital media business, which includes the flagship Creative Cloud suite
The logo of Chevron is seen at the company’s office in Caracas, Venezuela April 25, 2018. Marco Bello | Reuters U.S. oil major Chevron on Tuesday said it expects to write down the value of its assets $10 billion to $11 billion this quarter and is considering selling some natural gas projects to prepare for long-term
Delta Air Lines CEO Ed Bastian told CNBC on Thursday he expects the consumer to remain strong in the new year, and that’s why the carrier is raising its earnings guidance. Speaking to CNBC’s Phil LeBeau from the company’s investor day in Atlanta, Bastian said Delta is targeting revenue growth of 4% to 6% in
GameStop cut its full-year profit forecast on Tuesday as the video-game retailer struggles with customers delaying console purchases ahead of new launches and a shift to digital downloads of games, sending its shares plunging 20%. The company, which gained popularity by selling video games for Atari consoles in the 1980s, now also faces the rise
Chevron is writing down as much as $11 billion worth of assets, and it could cost the entire market. S&P Dow Jones Indices’ Howard Silverblatt said that depending on the final charge, it could reduce 2020’s overall S&P 500 earnings by $1.32 per share. Currently, the median EPS estimate for next year’s S&P 500 earnings
Scott Mlyn | CNBC Home Depot on Wednesday forecast fiscal 2020 sales growth below Wall Street expectations, three weeks after the home improvement chain cut its 2019 sales forecast. The company said last month that its One Home Depot strategy, which aims to improve the online and brick-and-mortar businesses, was not yet generating as much