Commercial aircraft deliveries rose 9 percent to 197, helping boost second-quarter revenue by 11 percent – the biggest increase in two years. Boeing’s shares were up 1.5 percent at $147.20 in premarket trading on Wednesday. The results include a $536 million charge to account for problems with the fuel system on the KC-46A aerial refueling […]
The major gas and electricity companies have saved a fortune by getting rid of meter reading staff, and now rely on usage estimates to decide how much families owe.
Yahoo posted mixed second-quarter results after the bell on Tuesday.
Analysts on average had expected earnings of $1.44 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported results were comparable. Revenue from fixed-income trading fell 21 percent to $2.93 billion.
McDonald’s Corp., pursuing a comeback under new Chief Executive Officer Steve Easterbrook, reported May sales that narrowly topped analysts’ projections after growth in Europe helped make up for a lingering slump in the U.S. Global same-store sales fell 0.3 percent in the period, the Oak Brook, Illinois-based company said in a statement Monday. Europe was […]
Wal-Mart Stores the world’s largest retailer, posted first-quarter earnings that missed analysts’ estimates after currency fluctuations ate into profit.
“In terms of the whole service provider carrier spending, we are not assuming that it’s going to improve in the near future,” Chief Financial Officer Kelly Kramer told Reuters. In his last post-earnings conference call, outgoing Chief Executive John Chambers also dispelled rumors that Cisco had bid $9 billion for FireEye Inc (FEYE.O), sending the […]
Automakers reported rising U.S. vehicle sales in April, though some large companies missed analysts’ estimates. Low fuel prices continue to drive demand for pickups and sport utility vehicles.
Costco Wholesale Corp reported a better-than-expected quarterly profit, helped by a tax benefit related to its special cash dividend last month. Costco, the third-largest U.S. retailer, said net income …
American International Group Inc (AIG.N) reported lower-than-expected fourth-quarter earnings on Thursday as low interest rates and refinancing expensive debt hurt the insurer’s results. Analysts on average had expected earnings of $1.05 per share in the fourth quarter, according to Thomson Reuters I/B/E/S.
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