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| August 18, 2018

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earnings Archives -

Trump Asks SEC to Study Six-Month Earnings Reporting

August 17, 2018 |

President Trump asked the SEC to consider scaling back how often public companies report results, a change some executives support as promoting longer-term planning, but that some investors charge could reduce transparency.
WSJ.com: US Business

Viacom shares rise despite earnings declines magnified by cable-TV cord-cutting

August 10, 2018 |

Viacom Inc. touted its turnaround story Thursday but delivered fiscal third-quarter earnings that exposed the challenges of consumer cord-cutting — and just how much work the company must do to right the ship.

For the quarter ended June 30, revenue declined nearly 4% to $ 3.2 billion for the media…


L.A. Times – Business

Stocks get a lift from earnings reports; Berkshire and Tyson rise

August 6, 2018 |

U.S. stocks edged up Monday morning, with companies including Tyson Foods and Berkshire Hathaway rising after their second-quarter reports. Overseas markets are having a sluggish start to the week.

KEEPING SCORE: The Standard & Poor’s 500 index rose 1 point, to 2,841 as of 10 a.m. EDT. The benchmark…


L.A. Times – Business

CBS’ Moonves skirts explosive allegations, sticks to strong earnings on call with investors

August 3, 2018 |

Ignoring the swirl of sexual harassment allegations that threaten to end his long and successful career, CBS Chairman and Chief Executive Leslie Moonves was characteristically upbeat Thursday as he ticked off a list of his company’s financial achievements in a call with investors.

Interest in CBS’…


L.A. Times – Business

Apple’s Revenue, Earnings Top Views on Strong App Sales

July 31, 2018 |

Apple delivered its best-ever revenue for the June quarter, typically its weakest period, as demand for high-price iPhones remained resilient and services such as app-store sales swelled to a record.
WSJ.com: US Business

Southwest Airlines lost $100 million in revenue due to April accident, but still reported solid earnings

July 28, 2018 |

The first onboard passenger fatality in Southwest Airlines’ history cost the Dallas-based airline about $ 100 million in revenue, but did not prevent the carrier from reporting strong earnings for the April-through-June quarter.

Executives of the low-cost carrier reported that the April 17 accident…


L.A. Times – Business

Stocks climb broadly, lifted by tech companies’ strong earnings

July 24, 2018 |

U.S. stocks moved broadly higher in early trading Tuesday as investors welcomed strong quarterly earnings reports from Google parent Alphabet, Biogen and other companies. Technology and healthcare stocks accounted for much of the market’s gains. Utilities and other traditionally safer-play stocks…


L.A. Times – Business

Wells Fargo earnings fall as bank reports a tax hit, fewer loans and deposits

July 13, 2018 |

Wells Fargo & Co. on Friday reported lower-than-expected earnings for the second quarter and said it set aside nearly half a billion dollars to pay additional state taxes in the wake of a recent U.S. Supreme Court decision.

The San Francisco financial giant reported net income of $ 5.2 billion,…


L.A. Times – Business

Kroger’s New Approach to Stocking Shelves Is Boosting Earnings

June 21, 2018 |

Kroger delivered stronger than expected earnings and sales growth on Thursday, sending its stock up around 10% in early trading.
WSJ.com: US Business

Elon Musk sorta, kinda explains his behavior on the Tesla earnings call

May 7, 2018 |

Elon Musk pledged to “burn” investors shorting Tesla Inc. stock and criticized analysts and even himself after exchanges during the electric carmaker’s earnings call sent shares tumbling.

Musk tweeted that analysts at Sanford C. Bernstein & Co. and RBC Capital Markets were representing “a short…


L.A. Times – Business