NORTHFIELD, Ill.— Kraft Foods Group Inc. on Wednesday reported net income that declined by 42 percent in its second quarter, and missed analysts' expectations. The Northfield, Illinois- based company said earnings fell to $482 million, or 80 cents per share, from $829 million, or $1.38 per share, in the same quarter a year ago.
NEW YORK, July 30- Kraft Foods Group Inc said on Wednesday that its second quarter net income fell to $482 million, or 80 cents per share, from $829 million, or $1.38 per share, a year ago, when the company benefited from a significant gain tied to its post-employment benefit plans.
AUSTIN, Texas— Whole Foods reported quarterly sales that fell shy of Wall Street expectations and lowered its outlook for the year, raising worries about the intensifying competition the organic and natural products grocer is facing. As such, Whole Foods Market Inc., which has about 380 locations, is facing formidable competitors in a niche it once dominated.
July 30- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a 48.6 percent rise in quarterly profit as net written premiums rise and operating expenses fall.
Weight Watchers is reporting Q2 EPS of $0.98 on revenue of $398 million, with CNBC's Bertha Coombs.
July 30- MetLife Inc, the largest U.S. life insurer, reported a quarterly profit that almost tripled, helped by derivative gains. Net profit rose to $1.34 billion, or $1.17 per share, in the second quarter ended June 30 from $471 million, or 43 cents per share, a year earlier.
July 30- Yelp Inc, the operator of consumer review website Yelp.com, reported its first profit as a public company as more small businesses advertised on its website and mobile app. The company reported a net income of $2.7 million, or 4 cents per share, in the second quarter ended June 30, compared with a loss of $878,000, or 1 cent per share, a year earlier.
CNBC's Bertha Coombs reports Whole Foods comp sales missed Wall Street's forecasts. The "Closing Bell" provides analysis to its quarterly numbers.
Yelp is reporting Q2 EPS of $0.04 on revenue of $89 million, with CNBC's Bertha Coombs.
Whole Foods Market reported quarterly earnings that beat analysts' expectations on Wednesday, but revenue trailed.
CNBC's Bertha Coombs looks at the flurry earnings due after today's closing bell.
Michael Monahan, Pitney Bowes CFO, discusses the company's strong Q2 earnings and plans for expanding the e-commerce marketplace. Monahan says they saw 27 percent growth in their digital commerce business for the quarter.
*Results hit by weak Latin America, disappointing N. America. MILAN, July 30- Fiat plans to review its leasing and sales incentive practices in North America to boost margins in the region as it seeks to meet its global full-year targets despite persistent weakness in Latin America and further losses in Europe.
July 30- U.S. health insurer Humana Inc reported a lower profit owing to higher costs on Wednesday, as mounting concerns about increased medical spending drove health insurance industry shares lower for a second straight day.
BOCA RATON, Fla.— ADT Corp. on Wednesday reported net income that decreased by 27 percent in its fiscal third quarter, and beat analysts' expectations. The Boca Raton, Florida- based company said earnings dropped to $82 million, or 47 cents per share, from $113 million, or 52 cents per share, in the same quarter a year earlier.
SAN ANTONIO— Valero Energy Corp. on Wednesday reported earnings that climbed by 26 percent in its second quarter, and fell short of analysts' expectations. The San Antonio- based company said net income increased to $588 million, or $1.10 per share, from $466 million, or 85 cents per share, in the same quarter a year ago.
NEW YORK— IAC/InterActiveCorp, the Internet company controlled by Barry Diller, posted a second-quarter loss on Wednesday due largely to a write-down on its investment in Internet TV service provider Aereo.
AKRON, Ohio— Goodyear Tire's second-quarter earnings jumped 18 percent to $213 million, though revenue was softer than many had expected and volume slowed in Latin America. Adjusted earnings of 80 cents per share matched Wall Street estimates, according to a poll by Zacks Investment Research.
The Schaffhausen, Switzerland- based company said earnings increased to $182 million, or 93 cents per share, from $172.5 million, or 88 cents per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
China is muscling tech firms and investors need to pay attention — this could impact future earnings, says Michael Yoshikami.