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Earnings Announcements

  • *Credit Suisse Q1 net profit 859 mln Sfr vs poll 1.155 bln. ZURICH, April 16- Credit Suisse's said on Wednesday first-quarter net profit fell by more than a third due to a big drop in bond trading revenues, increasing pressure on CEO Brady Dougan to make deeper cuts to its investment banking business.

  • April 16- Canadian grocer Metro Inc posted a higher-than-expected quarterly profit as a reorganization of its Ontario operations boosted sales and the company raised its dividend.

  • Early movers: BAC, PNC, TWC, TWTR, YHOO, GM & more Wednesday, 16 Apr 2014 | 7:46 AM ET
    Traders on the floor of the New York Stock Exchange on April 11, 2014

    Some of the names on the move ahead of the open.

  • April 16- Canadian grocer Metro Inc posted a higher-than-expected profit for the second quarter and the company raised its quarterly dividend by 20 percent. Metro reported earnings of C $1.07 per share from continuing operations for the quarter ended March 15. Analysts on average had expected C $1.02 per share, according to Thomson Reuters I/B/E/S.

  • Bank of America's 'noisy' Q1 results: Analyst     Wednesday, 16 Apr 2014 | 7:15 AM ET

    Anthony Polini, Raymond James analyst, breaks down the big bank's quarterly numbers. It looks like they are doing a good job at reducing core operating expenses, says Polini.

  • BofA results leave analysts scratching their heads Wednesday, 16 Apr 2014 | 7:58 AM ET

    "It looks like it's an operating beat, but they got there probably like no one thought they would," Raymond James analyst Anthony Polini told CNBC.

  • Yahoo's growth now all about Alibaba: Pro     Wednesday, 16 Apr 2014 | 6:15 AM ET

    Rob Sanderson, MKM Partners analyst, breaks down the Internet giant's first quarter results. It's slight growth but far from what we need to see, says Sanderson.

  • Yahoo: Alibaba is main driver for stock     Wednesday, 16 Apr 2014 | 5:50 AM ET

    Scott Kessler, senior equity analyst at S&P Capital IQ, highlights that Alibaba is and is likely to remain the primary driver for the Yahoo stock and discusses the group strategy.

  • Tesco has 'a lot more to do': Pro     Wednesday, 16 Apr 2014 | 4:35 AM ET

    David Gray, retail analyst at Planet Retail, says Tesco faces "fairly big" problems and need to focus on getting its food offering right, innovate and tighten margins on core products.

  • Brady Dougan, CEO of Credit Suisse, says the U.S. tax issue for the company is "complex" and it is hard to predict what the solution will be.

  • 'Disappointed' by Credit Suisse results: Pro     Wednesday, 16 Apr 2014 | 2:40 AM ET

    Dirk Becker, deputy head of German research at Kepler Cheuvreux, says he is "disappointed" by Credit Suisse's results and expects earnings to fall further.

  • UPDATE 2-ASML cuts first-half sales forecast on weaker Q2 Wednesday, 16 Apr 2014 | 2:46 AM ET

    AMSTERDAM, April 16- ASML, the world's biggest manufacturer of tools for semiconductor chip makers, cut its first-half sales forecast on Wednesday, blaming slower second-quarter sales to some customers.

  • Tesco sees tough trading environment ahead Wednesday, 16 Apr 2014 | 3:58 AM ET
    A customer carries Tesco-branded shopping bags as she leaves one of the company's stores.

    British supermarket giant Tesco reported a dip in group sales compared to last year, highlighting the challenges it faces in the U.K. and Europe.

  • AMSTERDAM, April 16- ASML, the world's biggest manufacturer of tools for semiconductor chip makers, altered its sales forecast for the first half, saying it now expects to sell 3 billion euros worth of products including extreme ultraviolet systems.

  • Fixed income business 'strong': Credit Suisse CEO     Wednesday, 16 Apr 2014 | 2:00 AM ET

    Brady Dougan, CEO of Credit Suisse, says the bank's fixed income business is "strong", while the investment banking arm has performed well.

  • Jeff Fairburn, CEO of Persimmon, says that the company is building affordable houses and a "good proportion" of customers are using the U.K. government's "Help to Buy" scheme.

  • Credit Suisse profits down 34 percent Wednesday, 16 Apr 2014 | 1:49 AM ET

    FRANKFURT, Germany— Swiss bank Credit Suisse says its net profit fell 34 percent in the first quarter, more than expected, as bond-market woes hurt earnings at its investment banking business. Profit dropped to 859 million Swiss francs from 1.303 billion francs in the same quarter a year ago.

  • AP Top Extended Financial Headlines At 2:32 a.m. EDT Tuesday, 15 Apr 2014 | 10:48 PM ET

    China's economic growth slows to 7.4 percent, raising risk of job losses, impact on trade Credit Suisse profits down 34 percent as revenues fall at investment bank General Motors to ask bankruptcy court to shield it from ignition claims before bankruptcy Asian stock markets rise, shrug off slower Chinese economic growth US stocks rebound from midday slump, extending modest gains for second day Yahoo's 1st- quarter results propelled by Alibaba investment while ad sales start to pick up Intel reports lower 1st- quarter net income amid PC slump but revenue inches higher Twitter buys data analytics partner Gnip for undisclosed sum General Motors sales watched for impact of spate of ignition switch recalls Yellen says rules might need to be strengthened further to bolster largest banks

  • Yahoo's core business is a sideshow: Pro     Tuesday, 15 Apr 2014 | 8:43 PM ET

    Larry Haverty, Portfolio Manager at Gabelli Funds, says Marissa Mayer's efforts to beef up Yahoo's main business seem to have limited success amid strong competition from Google and Facebook.

  • AP Top Extended Financial Headlines At 8:24 p.m. EDT Tuesday, 15 Apr 2014 | 10:09 AM ET

    US stocks rebound from midday slump, extending modest gains for second day Yahoo's 1st- quarter results propelled by Alibaba investment while ad sales start to pick up Intel reports lower 1st- quarter net income amid PC slump but revenue inches higher Twitter buys data analytics partner Gnip for undisclosed sum General Motors sales watched for impact of spate of ignition switch recalls Yellen says rules might need to be strengthened further to bolster largest banks Johnson& Johnson's Q1 profit rises 8 pct on lower spending, surge in prescription drug sales Coca-Cola sells more drinks but soda dips; first global soda decline since 1999 US raises concern about China's currency but again avoids labeling Beijing a manipulator Report: US prescription spending rises 3.2 pct in 2013, as prices climb, generic impact wanes

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Wednesday, 16 Apr 2014 | 4:40 AM ET

Loyalists around the world have embraced it as the cryptocurrency of the future, but some big names on the street differ widely in their beliefs about bitcoin. The Oracle of Omaha thinks it's a "joke." Tech entrepreneur Marc Andreessen counters that Buffett is out of touch, while bitcoin believers like Jonathan Rumion fully embrace the digital currency by buying groceries with bitcoin and even getting paid in bitcoin. CNBC's Mary Thompson reports.

Wednesday, 16 Apr 2014 | 3:00 AM ET

European shares opened higher on Wednesday as better-than-expected Chinese growth data buoyed sentiment.

Wednesday, 16 Apr 2014 | 2:00 AM ET

Brady Dougan, CEO of Credit Suisse, says the bank's fixed income business is "strong", while the investment banking arm has performed well.