Priceline’s Strong Earnings Growth Tops Expectations
By Xuanyan Ouyang Priceline’s fourth quarter earnings on Wednesday substantially beat analyst expectations, as the company continued its global expansion in the online travel industry it helped pioneer. The Connecticut-based travel giant reported net income of $504.3 million, or $10.00 per share, up from $451.8 million, or $8.56 per share in the year-ago period. Its […]
Walmart expects almost no sales growth this year
By Ashesha Mehrotra Wal-Mart Stores Inc. shares weakened Thursday after the retail giant, citing the impact of a strong dollar and planned store closures, trimmed its sales outlook for the year. In the quarter ended Jan. 31, the Arkansas-based company had net income of $4.5 billion, or $1.43 per diluted share, down from $4.9 billion, […]
Dr Pepper Snapple posts upbeat results – along with a downbeat forecast
By Sony Kassam Dr Pepper Snapple Group Inc. turned in better-than-expected fourth quarter results Wednesday, but its shares came under pressure when it provided a wary forecast. The Plano, Texas-based soft drink company said net income soared 23 percent to $185 million, or 97 cents per diluted share, from $150 million, or 77 cents per […]
Media behavior research firm comScore Inc. posts modest profit
By Steven Porter Consumer behavior measurement firm comScore Inc., which has set out to research cross-platform multiscreen media consumption, posted a profit Wednesday, modestly outperforming expectations. Fourth-quarter net earnings were $4.4 million or 11 cents per diluted share, swinging upward from a loss of $2.7 million, or 8 cents per share, in the same period […]
First American shares soar on earnings news
By Harvard Zhang First American Financial Corp. shares jumped Thursday after the title insurance company reported better-than-expected fourth-quarter profits. In the latest quarter the Santa Ana, Calif.-based company reported net income of $81.6 million, or 74 cents per diluted share, up a modest 1.3 percent from $80.5 million, or 74 cents in the year-ago period. […]
DTE Energy profits down, but top forecasts
By Kaitlin Schuler DTE Energy Holding Co., hurt by weakness in its non-utility operations, reported fourth quarter earnings which, while down from last year, nonetheless slightly topped analyst forecasts. In the latest quarter, Detroit-based DTE Energy posted net income of $80 million or 45 cents per diluted share, down from $299 million or $1.68 per […]
A promising future for Mondelez, if cost-cutting succeeds
By Sony Kassam Known for its Cadbury chocolates and Oreo cookies, the snacks food and beverage company Mondelez International Inc. has a hopeful long-term future, analysts say, if it continues to shrink costs, improve efficiency, and survive the volatile commodity market. The Deerfield, Ill.-based company is a leading provider of confectionary products with over $3 billion […]
Boeing shares tumble on disappointing forecast
By Siri Bulusu Boeing Co. shares took a nosedive Wednesday after the aerospace giant unsettled investors by disclosing that full-year 2016 earnings will fall well short of Wall Street expectations. In New York Stock Exchange trading Wednesday, the Chicago company’s shares tumbled a punishing 8.7 percent, closing down $11.43 at $116.58. Boeing’s fourth quarter profit […]
Lower jet-fuel costs mean higher profits for Southwest Air, United
By Xiumei Dong United Continental Holdings, Inc. and Southwest Airlines Co. both reported big fourth quarter earnings jumps Thursday, as the two carriers continue to benefit from falling oil prices. In the latest quarter, Southwest’s net income climbed to $536 million, or 82 cents per diluted share, from the $190 million, or 28 cents per […]
