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| June 29, 2017

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Stocks open lower after some disappointing earnings reports

May 10, 2017 |

Stocks are off to a weak start on Wall Street after several big U.S. companies reported disappointing first-quarter results.

Disney was down 3% in early trading Wednesday after its revenue fell short of forecasts. Priceline slumped 4.8% after its revenue also missed estimates.

Chipmaker Nvidia…


L.A. Times – Business

Exxon Profit Earnings Point to Industry Recovery

April 29, 2017 |

The world’s biggest oil companies are seeing their highest profits in more than a year, an early signal that they may be turning a corner on their long path to recovery.
WSJ.com: US Business

Stocks rally, lifted by company earnings

April 21, 2017 |

U.S. stocks climbed Thursday as industrial companies, banks, technology and materials firms and energy companies all rallied. A strong day of corporate results left investors feeling better about the economy.

For more than a week, investors have been poring through company earnings for signs the…


L.A. Times – Business

United Airlines’ passenger-dragging fiasco overshadows a strong earnings report

April 18, 2017 |

United Airlines chief Oscar Munoz sought to reassure investors during an earnings call Tuesday that he understands the seriousness of the fiasco in which Dr. David Dao was dragged off a plane,
L.A. Times – Business

Accounts scandal takes its toll on Wells Fargo earnings as customers remain wary

April 13, 2017 |

Wells Fargo & Co. reported earnings on Thursday that show the scandal over unauthorized customer accounts is eating into its bottom line.

The San Francisco bank said its net income totaled $ 5.5 billion, showing no growth from last year’s first quarter — though the results topped the modest expectations…


L.A. Times – Business

Buffett’s Berkshire Hathaway Reports Rise in Net Earnings

February 25, 2017 |

Warren Buffett’s Berkshire Hathaway Inc. said fourth-quarter net earnings rose nearly 15%, boosted in part by the stock market’s end-of-year gains.
WSJ.com: US Business

Tesla earnings preview: Analysts want details on Model 3 and Gigafactory

February 21, 2017 |

Tesla bull or Tesla bear, it doesn’t matter.  When the company reports earnings Wednesday, hard-core investors and analysts of all persuasions are likely to shrug off the specific results. “The numbers mean nothing right now,” said Trip Chowdry, managing director at Global Equities Research and…


L.A. Times – Business

DineEquity CEO to resign as restaurant firm’s earnings decline

February 20, 2017 |

DineEquity Inc. said Friday that Julia Stewart plans to resign as chairman and chief executive of the Glendale-based parent of the Applebee’s and IHOP restaurant chains, effective March 1.

The company gave no reason for Stewart’s departure, but it comes as DineEquity reported declines in preliminary…


L.A. Times – Business

Viacom’s new CEO unveils updated strategy as earnings fall

February 10, 2017 |

Viacom Inc. reported lower earnings for its fiscal first quarter as the entertainment company’s newly installed chief executive, Bob Bakish, rolled out an ambitious turnaround plan that marshals resources around six key brands.

Bakish on Thursday announced that Viacom would focus on its brands…


L.A. Times – Business

Strong company earnings drive stocks to new highs

February 10, 2017 |

Strong company earnings put investors in a buying mood Thursday, lifting the major U.S. stock indexes to record highs.

Banks and other financial companies led the rally as bond yields rose. Energy also notched big gains as crude oil prices rose. Utilities and materials lagged behind the broader…


L.A. Times – Business