Earnings

J.P. Morgan Chase on Friday reported earnings that topped Wall Street’s expectations after accounting for charges related to the tax law. The bank revealed it took a $2.4 billion charge in the fourth quarter due to the Tax Cuts and Jobs Act. Here’s how the company did on an adjusted basis after that charge: EPS:
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BlackRock, the largest asset manager in the world, reported better-than-expected quarterly earnings and revenue on Friday. Here’s how the company’s results fared against analyst expectations: EPS: $6.24 adjusted vs. $6.02 expected by Thomson Reuters Revenue: $3.469 billion vs. $3.321 billion expected Total assets under management: $6.288 trillion vs. $6.248 trillion expected by StreetAccount Net inflows:
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Samsung Electronics on Tuesday said it was expecting record operating profit of about 15.1 trillion Korean won (about $14.13 billion) for the December quarter. That number fell short of a Reuters average forecast of 15.9 trillion won in operating profit, but it was likely up 64 percent from a year ago. Samsung said its fourth-quarter
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Daniel Acker | Bloomberg | Getty Images An employee delivers food at a Sonic drive-in restaurant in Normal, Illinois. Sonic on Thursday reported fiscal first-quarter profit of $11.4 million. The Oklahoma City-based company said it had profit of 29 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share. The results exceeded
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Nike’s growth in international markets helped the company’s quarterly profit and sales beat Wall Street estimates on Thursday, but a drop in gross margins indicated severe price competition in North America, its largest market. Shares of the world’s largest footwear maker were marginally down at $64.36 in after-market trading. Nike’s second-quarter gross margins fell 1.2
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Accenture reported a better-than-expected quarterly profit, as the consulting and outsourcing services provider gained from its push into digital and cloud services. The company also forecast current-quarter revenue between $9.15 billion and $9.40 billion, the low end of which was in line with analysts’ estimates. Digital, cloud and security services accounted for more than half
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Conagra, the maker of Reddi-Wip whipped cream and Chef Boyardee pasta, reported better-than-expected second-quarter revenue and profit on Thursday, as consumers stocked up on food items because of hurricanes. Conagra’s shares were up 2.2 percent in premarket trading, even as the company warned that higher-than-anticipated inflation, hurricane-related costs, and increased investments to expand distribution were
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Justin Sullivan | Getty Images Boxes of General Mills brand cereals are displayed at Scotty’s Market on September 20, 2017 in San Rafael, California. General Mills raised its full-year organic sales growth forecast and reported second-quarter sales that topped Wall Street estimates, helped by strong demand for its cereal and snack brands such as Lucky
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Package delivery company FedEx on Tuesday reported a higher quarterly net profit due to increased volume, but results were hit by lingering effects from a June cyber attack on its Dutch TNT Express unit. The Memphis-based company, often considered a bellwether for the U.S. economy like its main rival United Parcel Service, posted fiscal second-quarter
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