An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images U.S. regional bank PNC Financial Services on Wednesday posted a near 1% fall in net profit as the bank set aside more money to cover bad loans. The Pittsburgh, Pennsylvania-based bank’s net income attributable
Earnings
A United Airlines airplane takes off at Newark Liberty Airport. Gary Hershorn | Getty Images United Airlines Holdings on Tuesday raised its earnings forecast for the year as travel demand continued to climb, boosting shares in after-hours trading. The airline’s performance puts it “ahead of pace” to meet its per-share earnings goal of $11 to $13
Netflix CEO Reed Hastings. Philippe Huguen | AFP | Getty Images This quarter is Netflix‘s calm before the storm. The streaming video giant will report its third-quarter earnings Wednesday for the last time before a slew of competitors debut services that could derail customer growth both in the U.S. and abroad. Netflix estimates it will
Wells Fargo shares slipped after reporting third-quarter earnings slightly below expectations on Tuesday, as a key measure of the bank’s profitability continued to slide as it undergoes a restructuring. The bank reported net income of $4.6 billion in the third quarter, down 23% from the same period last year. Wells Fargo’s net interest income, a
Leslie Josephs | CNBC Delta Air Lines reported third-quarter earnings beat Wall Street estimates on Thursday, after reporting strong demand from both leisure and corporate travelers. Revenue rose 5% from a year ago to $12.56 billion, slightly below analysts’ forecasts. Net income rose more than 21% to $1.5 billion. Sales from its premium cabins, like
Richard Allison, CEO of Domino’s Pizza, speaks at CNBC’s Evolve conference in Chicago on Sept. 24, 2019. Jeff Schear | CNBC Domino’s Pizza on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations. Shares of the company fell nearly 4% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting,
Costco Wholesale reported quarterly revenue below Wall Street estimates on Thursday, as the U.S. hypermarket chain struggled to attract shoppers in the competitive grocery space. Costco and other U.S. grocers are slashing prices while investing heavily in stores and online operations to defend their share of the market as Amazon.com and Walmart expand aggressively. The
GoPro CEO Nick Woodman Photo by Josh Edelson GoPro on Wednesday cut its revenue and profit forecasts for the rest of the year, hit by a delay in production of its latest Hero8 Black cameras, triggering a 19% drop in its shares. The company, which launched two new cameras including a ramped-up version of its
A woman grabs a bottle of Diet Pepsi in Atlanta, Georgia. Chris Rank | Bloomberg | Getty Images PepsiCo on Thursday announced quarterly earnings and revenue that topped expectations. Shares of the food and beverage giant jumped 3% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on
Stitch Fix‘s active client base grew 18% year over year, reaching 3.2 million people, the online styling service said when it reported earnings after the bell on Tuesday. That’s about in-line with the 3.23 million analysts were expecting, according to FactSet. This number tracks the total number of users who’ve received a box of clothing