American Airlines on Thursday reported a $169 million profit for the third quarter thanks to more than $990 million in federal payroll support. Revenue for the quarter totaled $8.97 billion down about 25% from the same period of 2019 but up from the $3.17 billion American brought in a year ago. That was ahead of
Earnings
Pat Gelsinger Horacio Villalobos | Corbis News | Getty Images Intel shares fell more than 8% in extended trading on Thursday on a weaker-than-expected sales report and after the company blamed an industry-wide component shortage for its PC chip business shrinking 2% during the quarter ending October 2. Intel also warned on Thursday that its
In this article CMG A customer carries a Chipotle Mexican Grill Inc. bag outside a restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Thursday reported quarterly earnings that crushed Wall Street’s estimates as its menu price increases helped the chain
In this article SNAP In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap stock fell 25% after reporting its third-quarter earnings on Thursday. The company’s revenue missed
AutoNation’s stock reached a new all-time record of more than $130 a share Thursday after the nation’s largest seller of new cars reported its sixth consecutive quarterly earnings record. AutoNation beat Wall Street’s profit and sales estimates, led by resilient consumer demand outpacing vehicle supplies due to an ongoing global shortage of semiconductor chips that
In this article IBM Arvind Krishna, chief executive officer of International Business Machines Corporation (IBM), wears a protective mask while attending a meeting with U.S. President Joe Biden, not pictured, in the East Room of the White House in Washington, D.C., U.S., on Wednesday, Aug. 25, 2021. Chief executives from across the business world are
In this article TSLA Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tesla reported third-quarter earnings after the bell Wednesday, and it’s a beat on both the top and bottom lines. Here are the results. Earnings per share
In this article UAL United Airlines on Tuesday reported higher-than-expected revenue as travel rebounded late in the third quarter but the airline didn’t give a timeline for when it would return to profitability. United posted net income of $473 million thanks to a boost from federal payroll aid. Its third-quarter sales totaled $7.75 billion compared
In this article NFLX Co-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020. Christophe Archambault | AFP | Getty Images Netflix is set to report third-quarter earnings after-the-bell on Tuesday. Here’s what analysts are expecting: Earnings per share (EPS):
In this article BAC Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Getty Images Bank of America is scheduled to report third-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects:
In this article WBA Rafael Henrique | LightRocket | Getty Images Walgreens Boots Alliance on Thursday exceeded Wall Street’s expectations for fiscal fourth-quarter earnings, as the company saw a surge in demand for Covid-19 vaccines amid a growing number of employer mandates. Shares were up more than 2% early Thursday in premarket trading. The drugstore chain
In this article MS James Gorman, chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 24, 2019. Simon Dawson | Bloomberg | Getty Images Morgan Stanley is set to report third-quarter earnings before the opening bell on