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Earnings Announcements

  • King Lip, Chief Investment Officer, Baker Avenue Asset Management, explains why he's impressed with the firm's performance in China, where sales rose 15 percent in the second quarter.

  • UPDATE 1-Merrill Lynch Wealth profit strained by expenses Wednesday, 16 Jul 2014 | 5:41 PM ET

    *Record client assets of $2 trillion trail those at Charles Schwab. NEW YORK, July 16- Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter, the company said on Wednesday.

  • Ebay results mixed, guidance light; shares higher Wednesday, 16 Jul 2014 | 4:42 PM ET

    Ebay earnings beat by a penny while revenue missed expectations. Shares rose after initially fluctuating in extended hours trading.

  • Yum's China sales jump as KFC bounces back Wednesday, 16 Jul 2014 | 4:38 PM ET

    KFC parent Yum Brands Inc on Wednesday said second-quarter sales at established restaurants in China, its No. 1 market, jumped 15 percent

  • Mattress maker Select Comfort beats estimates Wednesday, 16 Jul 2014 | 4:24 PM ET

    July 16- Specialty mattress maker Select Comfort Corp reported better-than-expected quarterly net sales and profit, helped by a 7 percent rise in company-controlled same-store sales, sending shares up 16 percent in extended trading.

  • EBay's Q2 revenue climbs 13 percent Wednesday, 16 Jul 2014 | 4:22 PM ET

    SAN FRANCISCO, July 16- EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as it fends off increasing competition from arch-foe Amazon.com Inc and a growing number of smaller niche retail websites.

  • eBay momentum decelerating: Pro     Wednesday, 16 Jul 2014 | 4:19 PM ET

    Dissecting eBay's quarterly numbers, with Colin Gillis, BGC Financial; David Garrity, GVA Research LLC; and FM trader Tim Seymour.

  • eBay reports Q2 earnings     Wednesday, 16 Jul 2014 | 4:12 PM ET

    eBay is reporting Q2 EPS of $0.69 ex-items on revenue of $4.37 billion, with CNBC's Morgan Brennan.

  • Is this the new gauge of bank performance? Wednesday, 16 Jul 2014 | 3:18 PM ET
    A Bank of America branch is shown in New York's Times Square.

    For the first time in recent memory, financials investors are judging bank earnings by Main Street borrowing versus Wall Street trading.

  • Merrill Lynch Wealth profit strained by expenses Wednesday, 16 Jul 2014 | 3:04 PM ET

    *Record client assets of $2 trillion trail those at Charles Schwab. NEW YORK, July 16- Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter, the company said on Wednesday.

  • July 16- Charles Schwab Corp' s second-quarter revenue and profit grew at double-digit rates, slightly exceeding Wall Street expectations. The shift helped Schwab amass $2.4 trillion of client assets as of June 30, the highest in its history and up 17 percent from a year ago.

  • Earnings action: BAC, INTC & BLK     Wednesday, 16 Jul 2014 | 12:35 PM ET

    CNBC's Morgan Brennan reports how Bank of America, Intel and BlackRock moved after reporting earnings. The FMHR traders discuss how they are playing these stocks.

  • July 16- Bank of America Corp said second-quarter profit fell 43 percent, a bigger decline than analysts had expected, after the bank posted $4 billion of litigation expenses linked to mortgage disputes following the financial crisis.

  • Wow. This is a whole new Apple: Yoshikami Wednesday, 16 Jul 2014 | 11:16 AM ET
    IBM CEO Ginni Rometty and Apple CEO Tim Cook.

    Steve Jobs probably wouldn't have approved of the IBM deal, but get used to it—this is the new age Apple, says Michael Yoshikami.

  • July 16- Abbott Laboratories Inc reported better-than-expected quarterly earnings on Wednesday as demand for its recently-recalled infant formulas began to recover and profit margins improved for other business segments.

  • Schwab's earnings beat expectations as client assets jump Wednesday, 16 Jul 2014 | 9:39 AM ET

    July 16- Charles Schwab Corp' s second-quarter revenue and profit grew at double-digit rates, slightly exceeding Wall Street expectations. The shift helped it amass $2.4 trillion of client assets as of June 30, the highest in its history and up 17 percent from a year ago.

  • What Yahoo needs to do: Cramer     Wednesday, 16 Jul 2014 | 9:32 AM ET

    Yahoo's Q2 earnings per share of $0.37 on revenue of $1.04 billion, missed Wall Street's estimates. CNBC's Jim Cramer thinks Yahoo needs to take some of the Alibaba money and do a "terrific acquisition." David Faber, weighs in.

  • UPDATE 1-Abbott beats second-quarter profit estimate Wednesday, 16 Jul 2014 | 8:19 AM ET

    July 16- Abbott Laboratories Inc reported better-than-expected second-quarter earnings on Wednesday, helped by improved profit margins for its medical diagnostics and vascular products businesses. The company earned $466 million, or 30 cents per share, in the quarter.

  • Early movers: TWX, BAC, AAPL, IBM, YHOO & more Wednesday, 16 Jul 2014 | 7:53 AM ET

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

  • July 16- Bank of America Corp, the second-largest U.S. bank by assets, reported a 43 percent drop in second-quarter profit as mortgage revenue fell and litigation costs soared. Bank of America's shares, which have barely moved this year, fell slightly to $15.68 in premarket trading on Wednesday.