A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines Holdings’ on Tuesday reported second-quarter earnings that topped Wall Street’s expectations, sending shares up more than 1% in postmarket trading. The Chicago-based airline posted adjusted earnings per share
Earnings
Pedestrians pass in front of a Wells Fargo bank branch in New York. Eric Thayer | Bloomberg | Getty Images Wells Fargo is scheduled to report second-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: $1.15 per share Revenue: $20.93 billion Much of Wall Street remained in wait-and-see mode ahead
The Domino’s Pizza company logo is displayed on the jacket of delivery driver in London, U.K., on February 27, 2017. Jason Alden | Bloomberg | Getty Images Domino’s stock fell Tuesday after the company reported weaker same-store sales growth as it expands its store base and grapples with the threat of third-party delivery. Shares of
Michael Corbat, CEO of Citigroup Lucy Nicholson | Reuters Citigroup beat analysts’ expectations for profit and revenue on gains from the initial public offering of electronic bond trading platform Tradeweb. The bank posted profit of $4.79 billion, or $1.95 per share, compared with the $1.80 estimate of analysts surveyed by Refinitiv. Revenue climbed 2% to
Bay Ismoyo | AFP | Getty Images The second-quarter earnings season kicks into full gear this week, but a trend is already emerging with the companies that have reported so far. The strong dollar is eating away at company profits. Of the 5% S&P 500 companies that have reported so far, more than half of
U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters Citigroup kicks off earnings season on Monday. Traders enter with a singular focus on company guidance. Bears believe second-half guidance will be cautious and lower than expected
A sales consultant with Illumina displays a flow cell at a symposium in La Jolla, California. Sam Hodgson | Reuters Shares of Illumina dropped more than 16% in extended trading after the genetics company slashed its full-year guidance and previewed disappointing second-quarter revenue. Illumina said it expects to report a second quarter revenue of approximately
Levi Strauss reported a 17% drop in quarterly adjusted profit on Tuesday, hit by a stronger dollar, higher marketing costs, and investments in its online business, sending its shares down 6% in extended trading. The company has been spending heavily on marketing and advertising by roping in celebrities and social media influencers, including Justin Timberlake,
Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.54, adjusted, vs. $1.50 expected Revenue: $16.449
American Airlines Group Inc. Boeing Co. 737 Max planes sit parked outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, May 14, 2019. Patrick T. Fallon | Bloomberg | Getty Images U.S. airlines will detail for investors this month how the worldwide grounding of the Boeing 737 Max — now about