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Earnings Announcements

  • Gigamon cuts revenue forecast, shares fall Tuesday, 8 Jul 2014 | 5:26 PM ET

    July 8- Network traffic management software maker Gigamon Inc cut its second-quarter revenue forecast, citing difficulty in closing deals. The company's shares fell as much as 28 percent to $13.00 in extended trading.

  • AP Top Extended Financial Headlines At 5:06 p.m. EDT Tuesday, 8 Jul 2014 | 5:06 PM ET

    Aluminum maker Alcoa posts $138 million profit in 2 Q on strong products business US consumer borrowing up $19.6 billion in May; gains slow after sudden April acceleration US stocks fall for a second day ahead of quarterly earnings results; Social media names slump Failure of Crumbs shows dangers of rapid expansion, tying business to a single product US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence Public vs private college grads earn about same, survey finds, and certain majors out-earn all Uber goes after the nation's taxis with temporary price cuts in major US cities Senate panel probing GM recall to hear from switch maker CEO, compensation expert Feinberg US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax

  • Alcoa swings to 2Q profit of $138M, revenue flat Tuesday, 8 Jul 2014 | 4:57 PM ET

    NEW YORK— Alcoa Inc. on Tuesday reported a second-quarter profit of $138 million, reversing a year-ago loss, and the results beat analysts' expectations. Alcoa has struggled in recent years with low aluminum prices and has increased its focus on making sheets and other products for manufacturers of airplanes and autos, who value aluminum for its light weight.

  • *S&P 500 holds near-term support. *Alcoa climbs in extended trade after results. NEW YORK, July 8- U.S. stocks fell in a broad selloff on Tuesday, dropping for a second straight session and driving the Dow below 17,000 as investors turned cautious before the start of earnings season.

  • UPDATE 1-Alcoa results beat Wall Street, shares rise Tuesday, 8 Jul 2014 | 4:45 PM ET

    July 8- Aluminum producer Alcoa Inc reported a second-quarter profit and revenue that beat analysts' expectations, as the company focused on selling products from its downstream business, which include truck wheels and aircraft fuselages. The company earned $138 million, or 12 cents a share, compared with a loss of $119 million, or a loss of 11 cents, a year earlier.

  • AP Top Extended Financial Headlines At 4:35 p.m. EDT Tuesday, 8 Jul 2014 | 4:35 PM ET

    US stocks fall as quarterly earnings results loom; Technology stocks slide US consumer borrowing up $19.6 billion in May; gains slow after sudden April acceleration Failure of Crumbs shows dangers of rapid expansion, tying business to a single product US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence Public vs private college grads earn about same, survey finds, and certain majors out-earn all Uber goes after the nation's taxis with temporary price cuts in major US cities Senate panel probing GM recall to hear from switch maker CEO, compensation expert Feinberg US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax Ford issues 6 recalls of 100,610 vehicles for safety defects

  • Inside Alcoa's business strategy     Tuesday, 8 Jul 2014 | 4:09 PM ET

    Alcoa's Chairman and CEO Klaus Kleinfield, discusses his company's investment in acquisitions and expansion opportunities, after his company reported strong Q2 earnings.

  • Alcoa Q2 earnings out     Tuesday, 8 Jul 2014 | 4:08 PM ET

    Alcoa is reporting Q2 EPS of $0.18 ex-items on revenue of $5.84 billion, with CNBC's Morgan Brennan.

  • Alcoa CEO: Transformation in high gear     Tuesday, 8 Jul 2014 | 4:04 PM ET

    Alcoa outperformed in its second quarter. Its Chairman and CEO Klaus Kleinfield, explains its improving commodities cost position, and the outlook for its various units, including aerospace.

  • Alcoa earnings easily beat Street estimates Tuesday, 8 Jul 2014 | 4:03 PM ET
    An Alcoa aluminum plant in Alcoa, Tennessee

    Alcoa reported earnings of 18 cents a share, excluding certain items, on revenue of $5.84 billion.

  • Earnings season warnings     Tuesday, 8 Jul 2014 | 3:37 PM ET

    Discussing if earnings warnings by Samsung and Philips indicate a weaker earnings season ahead, with Nick Raich, The Earnings Scout CEO, and Max Wolff, Citizen VC chief economist.

  • Financial health of Walmart shoppers     Tuesday, 8 Jul 2014 | 3:15 PM ET

    As Walmart fights to regain positive sales, U.S. CEO Bill Simon says their core consumer is still economically challenged. CNBC's Courtney Reagan reports.

  • AP Top Extended Financial Headlines At 3:04 p.m. EDT Tuesday, 8 Jul 2014 | 3:04 PM ET

    US stocks fall in afternoon trading before quarterly earnings results; tech stocks down most US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence Public vs private college grads earn about same, survey finds, and certain majors out-earn all US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax Ford issues 6 recalls of 100,610 vehicles for safety defects American Airlines CEO gives upbeat outlook for travel demand and capacity Struggling cupcake shop operator Crumbs says its shuttering all its stores Countries' defiance of EU ban on gas pipeline highlights Russia's energy clout in Europe EU governments at odds over allowing more debt-financed spending to boost economy, create jobs

  • AP Top Extended Financial Headlines At 2:24 p.m. EDT Tuesday, 8 Jul 2014 | 2:24 PM ET

    US stocks fall in afternoon trading before quarterly earnings results; tech stocks down most US employers post most jobs in 7 years in May; more Americans also quit in sign of confidence Public vs private college grads earn about same, survey finds, and certain majors out-earn all US drug maker AbbVie lifts its offer for British counterpart Shire to about $51.3 billion Fight in Bay Area; San Francisco, Berkeley try to become first US cities to impose soda tax Ford issues 6 recalls of 100,610 vehicles for safety defects American Airlines CEO gives upbeat outlook for travel demand and capacity Struggling cupcake shop operator Crumbs says its shuttering all its stores Countries' defiance of EU ban on gas pipeline highlights Russia's energy clout in Europe EU governments at odds over allowing more debt-financed spending to boost economy, create jobs

  • Walmart US adapting to changing customer: CEO     Tuesday, 8 Jul 2014 | 11:44 AM ET

    CNBC's Courtney Reagan speaks to Bill Simon, president & CEO of Walmart U.S., about the company's plan to acclimate to where customers are going to be shopping and store expansion.

  • Bill Simon, president & CEO of Walmart U.S., discusses the changing economics of manufacturing in the U.S. and the state of the economy. Simon says the middle class is still economically challenged.

  • Media reports of new U.S. fines for banks and dimming prospects that the European Central Bank will launch an asset- purchase program weighed on sentiment in Europe, as did German imports and exports that dropped more than expected in May.

  • Q2 earnings picture     Tuesday, 8 Jul 2014 | 10:30 AM ET

    Christine Short, S&P Capital IQ director, explains why she sees a robust Q2 earnings season. Short says weather is no longer an excuse and she sees strength through most of the sectors.

  • Stocks fall for a second day; Nasdaq slumps Tuesday, 8 Jul 2014 | 10:22 AM ET

    NEW YORK— Investors unloaded all manner of stocks Tuesday as they wait for corporate earnings reports to help them determine whether a recent run-up in the market is justified. Among the biggest losers were Twitter and Pandora Media, a music streaming service, down 7 percent each. Facebook and Netflix each dropped more than 3 percent.

  • Pinpointing WalMart's profit problem     Tuesday, 8 Jul 2014 | 10:00 AM ET

    Discussing consumer spending and WalMart's earnings issues, with Patrick McKeever, MKM Partners senior equity analyst.