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OMAHA, Neb. (AP) — CSX railroad's fourth-quarter profit jumped 23% even though volume slipped amid the ongoing supply chain challenges.
The Jacksonville, Florida-based railroad said Thursday it earned $934 million, or 42 cents per share.
OMAHA, Neb. (AP) — Union Pacific hauled in 24% more profit in the fourth quarter despite supply chain problems and weak auto production, but that is also compared with a period last year that included a one-time $278 million charge.
UnitedHealth Group's fourth-quarter profit soared as the nation's largest health insurance provider branched deeper into offering care as well as covering the bills.
The health care giant said Wednesday that operating earnings from its Optum division grew nearly 10% to $3.4 billion in the quarter.
A late-afternoon recovery in technology stocks helped erase most of the market's losses Friday, though it wasn't enough to keep major indexes from posting their second straight losing week.
The S&P 500 eked out a 0.1% gain in the final minutes of trading after having been down about 1% earlier in the day.
NEW YORK (AP) — Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped by the improving economy and consumers and businesses willing to spend and take on loans.
But Inflation is clouding the outlook for 2022, based on comments from bank executives to reporters and industry analysts.
NEW YORK (AP) — JPMorgan Chase says fourth-quarter profits fell 14% from a year earlier, due to a weaker performance from its trading desk and higher compensation expenses for employees.
Even with the weaker quarter, JPMorgan had a record annual profit, nearly $50 billion.
DETROIT (AP) — Electric vehicle upstart Rivian Automotive posted a $1.23 billion net loss in the third quarter due to costs from starting production of its pickup truck.
The company said in its first public earnings report since its initial stock offering that it lost $12.21 per share for the quarter.
Deere & Co. said its fiscal fourth-quarter profit jumped 69% on strong sales of its agricultural and construction equipment despite a monthlong strike that began near the end of the period as well as ongoing supply chain problems.
Stocks closed higher on Wall Street on Friday, but the market still ended the week lower as inflation worries weighed on investors' moods earlier in the week.
The S&P 500 index added 33.58 points, or 0.7%, to end at 4,682.85.
The Walt Disney Co. returned to a quarterly profit as it once again got a bump from reopened parks, but subscriber gains to its Disney+ streaming service slowed.
Disney had closed or limited capacity at its theme parks during the pandemic, weighing on revenue.
BERLIN (AP) — German pharmaceutical company BioNTech, which partnered with Pfizer to develop the first widely used COVID-19 vaccine, said Tuesday that its earnings grew again in the third quarter.
BioNTech, which is based in Mainz, reported a net profit of more than 3.2 billion euros ($3.7 billion) for the July-September period.
OMAHA, Neb. (AP) — Warren Buffett's company reported a third-quarter profit that was roughly one-third the amount of last year's because of much smaller paper gains on the value of its investments, but most of its businesses continue to recover from the effects of the pandemic.
CVS Health and Wall Street share the same view of the drugstore chain’s growth potential as COVID-19’s impact on the company begins to ease.
Average analyst expectations for 2022 earnings of $8.20 per share fit within CVS Health’s expected initial forecast for the new year, Chief Financial Officer Shawn Guertin said Wednesday morning, promising to provide more details at the company’s annual investor meeting Dec.
PARSIPPANY, N.J. (AP) — Shares of Avis doubled on Tuesday after the rental car company's third-quarter results showed it is well on the road to recovery from the damage inflicted by the pandemic on the global travel industry.
LONDON (AP) — BP reported soaring profits Tuesday on the back of surging oil and gas prices as the global economy recovers from the coronavirus pandemic. The British energy giant also warned that gas markets would remain “tight" over the coming months, which will likely further pressure household budgets.
COPENHAGEN (AP) — The world’s biggest shipping company, Denmark’s A.P. Moeller-Maersk, reported Tuesday a sharp rise in earnings amid strong worldwide demand for shipments of goods as the economy bounces back from the coronavirus pandemic.
DUBAI, United Arab Emirates (AP) — The world’s largest oil company, Saudi Aramco, reported $30.4 billion in third-quarter net income on Sunday, bolstered by a surge in oil prices and recovery in demand as the coronavirus pandemic eases.
Wall Street capped a choppy day of trading Friday with modest gains for stocks, nudging the major indexes to more all-time highs.
The latest milestones punctuated the best month for the broader market in nearly a year, as investors balanced encouraging company earnings growth against concerns over rising inflation and supply chain disruptions.
SAN RAMON, Calif. (AP) — Apple’s iPhone sales soared yet again in the past quarter, but didn’t grow as rapidly as analysts anticipated because of supply shortages that have made it more difficult to meet the demand for a wide range of products.
OMAHA, Neb. (AP) — Norfolk Southern's third-quarter profit jumped 32% even though the number of shipments the railroad delivered remained relatively flat because it was able to increase prices on most categories of freight.
Coca-Cola Co. is getting its fizz back.
Revenue jumped 16% to $10 billion in the third quarter as stadiums, movie theaters and other venues reopened around the world. Case volumes rose 6% globally to exceed pre-pandemic volumes for the first time.
A continued rebound in digital ad spending at Google drove its parent company's profit up 68% in the third quarter.
Mountain View, California-based Alphabet Inc. said Tuesday that it earned $18.94 billion, or $27.99 per share, in the July-September period.
OMAHA, Neb. (AP) — Union Pacific hauled in 23% more profit in the third quarter even though the total number of shipments it delivered remained flat overall and the supply chain remained clogged.
The Omaha, Nebraska-based railroad said Thursday that it made $1.67 billion, or $2.57 per share, in the quarter.
DETROIT (AP) — Record electric vehicle sales last summer amid a shortage of computer chips and other materials propelled Tesla Inc. to the biggest quarterly net earnings in its history.
The company said Wednesday that it made $1.62 billion in the third quarter, beating the old record of $1.14 billion set in the second quarter of this year.
BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rose for a fifth day on strong corporate earnings.
Shanghai and Seoul, South Korea, fell while Tokyo and Hong Kong advanced.
Netflix posted sharply higher third-quarter earnings Tuesday thanks to a stronger slate of titles, including “Squid Game,” the dystopian survival drama from South Korea that the company says became its biggest-ever TV show.
Sales of the cancer treatment Darzalex helped Johnson & Johnson deliver better-than-expected third-quarter earnings, while COVID-19 fueled vaccine revenue and had more customers reaching for Tylenol.
BEIJING (AP) — Asian stock markets followed Wall Street higher as investors waited Tuesday for U.S. corporate results to see how companies are coping with supply disruptions and the past quarter's surge in coronavirus infections.