Earnings slide may have leaked early

Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images On Thursday, financial wires published details of Intel’s fourth-quarter earnings results minutes ahead of the markets closing at 4 p.m., when they are usually released. The results showed Intel beating expectations for both revenue and earnings per share. The stock shot up 3% in the 15 minutes before the markets closed. Intel subsequently gave up most…

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IBM earnings Q4 2020

SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference in New York on June 16, 2016. Brian Ach | Getty Images IBM shares moved 4% lower in extended trading on Wednesday after the company reported fourth-quarter revenue that fell short of analysts’ expectations. Here’s how IBM performed: Earnings: $2.07 per share, adjusted, vs. $1.79 per share as expected by analysts, according to Refinitiv. Revenue: $20.37 billion, vs. $20.67 billion as expected by analysts, according to Refinitiv. Revenue fell 6% on an annualized…

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Intel (INTC) earnings Q4 2020

Bob Swan, then-interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company’s research and development facility in Bengaluru, India, on November 15, 2018. Samyukta Lakshmi | Bloomberg | Getty Images Intel stock rose more than 6% on Thursday as the chipmaker reported earnings and revenue that exceeded investor expectations and its own forecast on Thursday. Details of Intel’s earnings became available on financial wires minutes before the markets closed on Thursday. The strong earnings report covering the quarter ending in last December…

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American Eagle sees holiday-quarter sales dropping amid weak mall traffic

A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images American Eagle ahead of a virtual meeting with investors Thursday said it expects fourth-quarter revenue to decrease in the low-single digits, driven by a drop in brick-and-mortar store sales due to weak mall traffic during the Covid pandemic. The apparel retailer said it expects momentum to continue online. Its…

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United (UAL) earnings Q4 2020

A Boeing 787 Dreamliner operated by United Airlines takes off from Los Angeles International Airport. Getty Images United Airlines on Wednesday posted a fourth-quarter loss and warned sales would continue to suffer in the early part of 2021 as the coronavirus pandemic drags on. Here’s how United performed in the quarter, compared with what Wall Street expected, based on average estimates compiled by Refinitiv: Adjusted earnings per share: a loss of $7 versus an expected loss of $6.60 a share. Revenue: $3.41 billion versus expected $3.44 billion in revenue. United’s…

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Morgan Stanley (MS) Q4 2020 earnings

James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galici | Getty Images Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.27 a share, 2.4% lower than a year earlier, according to Refinitiv. Revenue: $11.5 billion, 6.3% higher than a year earlier. Wealth management: $5.2 billion, according to FactSet. Trading: Equities $2.14 billion; fixed income $1.42 billion. How…

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Procter & Gamble (PG) Q2 2021 earnings

Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble is expected to announce its fiscal second-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $1.51 expected Revenue: $19.27 billion expected In the company’s fiscal first quarter, it reported net sales growth of 9%, pushing its quarterly revenue to $19.32 billion. Its business spans a wide variety of…

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Charles Schwab Q4 2020 earnings

A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab beat Wall Street’s profit and revenue expectations for the fourth quarter, the first earnings report following Schwab’s $26 billion acquisition of rival TD Ameritrade. Charles Schwab on Tuesday reported adjusted earnings of 74 cents per share, topping estimates of 71 cents per share, according to Refinitiv. Revenue came in at $4.18 billion, higher than the forecast $4.01 billon. Schwab said it now…

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Goldman Sachs (GS) Q4 2020 earnings

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs on Tuesday beat analysts’ expectations for fourth-quarter profit and revenue on strong performance from the firm’s equities traders and investment bankers. The bank posted earnings of $12.08 a share, crushing the $7.47 per share estimate of analysts surveyed by Refinitiv. Revenue of $11.74 billion exceeded the estimate by about $1.75 billion. Expectations were running high for Goldman CEO David Solomon. Last week, JPMorgan Chase posted record fourth-quarter…

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