Earnings Earnings Announcements

  • Chipmakers are also reeling from a prolonged trade war between the United States and China, with Micron warning in September that U.S. tariffs on Chinese goods will weigh on its financial results for as much as a year. Net income attributable to the company fell to $1.62 billion, or $1.42 per share, in the second quarter ended Feb. 28, from $3.31 billion, or $2.67 per...

  • Net income attributable to the company fell to $1.62 billion, or $1.42 per share, in the second quarter ended Feb. 28, from $3.31 billion, or $2.67 per share, a year earlier. Revenue fell to $5.84 billion from $7.35 billion. Analysts on average had expected Micron to report revenue of $5.82 billion, according to IBES data from Refinitiv.

  • Sanjay Mehrotra, CEO, Micron Technology

    The chipmaker's upcoming earnings report will be critical in determining where its stock goes next, experts say.

  • *World shares up as Wall Street gets Fed boost. NEW YORK, March 20- Stocks across the world fought to extend their longest winning streak of the year on Wednesday, with a global index edging up as a boost from a dovish Federal Reserve more than offset concerns over U.S.- China trade talks. In New York, FedEx fell 3.9 percent after it cut its 2019 profit forecast for the...

  • The chipmaker's upcoming earnings report will be critical in determining where its stock goes next, experts say.

  • *Expects pretax profit to fall by at least 10 pct. MUNICH, March 20- BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro savings and efficiency plan to help offset higher technology investment and currency costs. , "Bernstein Research analyst Max Warburton said.

  • *Steps up cost cuts by $300 million. ZURICH, March 20- UBS is to cut an extra $300 million in costs in 2019 after investment banking revenues plunged in the first quarter, Switzerland's biggest bank said, sounding a pessimistic note about full-year prospects. Chief Executive Sergio Ermotti, who outlined the cost cuts in a speech to a London investment conference on...

  • Customers shop near a display of General Mills Cheerios cereal at a Costco Wholesale store in Louisville, Kentucky.

    Shares of General Mills jump 3.5 percent after the company reports an earnings beat.

  • A FedEx employee loads up holiday deliveries in San Francisco.

    Amit Mehrotra, senior research analyst for U.S. transportation & shipping at Deutsche Bank, joins "Squawk Box" with his reaction to FedEx's earnings miss.

  • March 20- General Mills reported an 8 percent rise in quarterly sales on Wednesday, driven by its acquisition of pet food maker Blue Buffalo, and the packaged food company raised its full-year profit forecast, sending its shares up 6 percent. The company's net sales rose 8 percent to $4.20 billion in the third quarter, largely in line with expectations of $4.19...

  • Sergio Ermotti of UBS

    Sergio Ermotti said investment banking revenues were down about a third compared to the euphoric first quarter that kicked off 2018.

  • The logos of QQ Music, Kugou and Kuwo are seen on the screen of an iPhone on June 12, 2018 in Paris, France. QQ Music, Kugou and Kuwo are the three streaming Chinese music services owned by Tencent. 

    Chinese streaming firm Tencent Music delivered its first earnings report as a public company, meeting market expectations but exposing soaring licence and content production costs.

  • An employee installs interior accessories inside a BMW X4 sports utility vehicle on the assembly line at the BMW assembly plant in Greer, South Carolina.

    BMW said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping $13.6 billion cost savings and efficiency plan.

  • ZURICH, March 20- Swiss bank UBS is cutting an extra $300 million from 2019 costs after investment banking revenues plunged and wealth management remained under pressure in the first quarter, its chief executive told a conference in London on Wednesday. Calling investment banking conditions among the toughest seen in years, especially outside the United...

  • *Shares down 3.2 pct at 0945 GMT. LONDON, March 20- Home improvement retailer Kingfisher is parting company with Chief Executive Véronique Laury after it reported a 13 percent fall in annual profit, more than halfway through a five-year transformation plan designed to lift earnings. The company, whose main businesses are B&Q and Screwfix in Britain and...

  • March 19- FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down more than 5 percent and fueling fresh worries it is losing ground to delivery rivals such as United Parcel Service Inc and Deutsche Post DHL Group. "Slowing international macroeconomic conditions and weaker global trade growth trends...

  • March 19- FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down 5 percent and fueling fresh worries it is losing ground in Europe to delivery rivals United Parcel Service Inc and Deutsche Post DHL Group. "Slowing international macroeconomic conditions and weaker global trade growth trends continue,"...

  • FedEx workers unload packages from a delivery truck in San Francisco, California.

    See which stocks are posting big moves after the bell on March 19.

  • March 19- China- based music streaming company Tencent Music Entertainment Group on Tuesday posted an in-line quarterly adjusted profit, in its first earnings report since going public. Tencent Music, controlled by Chinese tech giant Tencent Holdings Ltd, said quarterly revenue jumped 50.5 percent to 5.4 billion yuan, beating analysts' average estimate of...

  • FedEx slowdown is not surprising, says Broughton Capital managing partner

    FedEx announces the company's quarterly earnings. Donald Broughton, Broughton Capital managing partner, joins 'Closing Bell' to discuss the numbers.