With “very substantial” investments to create digital platforms as well as new businesses, and its equity market-making business delivering its second-highest quarter in four years, Goldman Sachs posted second-quarter results Tuesday (July 16) that exceeded the expectations of Wall Street on top-line revenues and earnings...
Despite a reputation battered by scandal over the last two years and interest rates steadily climbing, Wells Fargo reported growth on both its top and bottom lines as it released its Q2 earnings earlier Tuesday (July 16). Profit was up 19 percent to $6.2 billion,...
As it contended with third-party delivery aggregators and lower-than-expected domestic same-store sales growth, Domino’s topped Wall Street’s earnings estimates yet fell short on its top-line results. The quick-service restaurant (QSR) chain reported revenues of $811.6 million and earnings per share of $2.19 for the second...
JPMorgan posted second-quarter earnings on Tuesday (July 16) that showed strength in consumer-facing operations and double-digit gains in mobile customers, reflecting continued traction across digital banking efforts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Netflix is once again expected to beat earnings estimates this quarter, despite the rise of streaming competitors and the upcoming loss of popular TV shows “The Office” and “Friends.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Citigroup posted Q2 results that topped expectations even as Wall Street-related activity was mixed — but consumer-oriented activity rebounded. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
After a contraction in the first quarter of 0.3 percent, blue-chip firms in the United States are forecasted to have a 2.8 percent fall in earnings per share for April to June. If those forecasts are realized, the two consecutive quarters of shrinking earnings would...
Despite that fact that stocks are reaching near record highs, 77 percent of companies that have issued pre-announcements ahead of earnings reports said profits will be under Wall Street expectations, according to CNBC. Analysts have already forecasted a decline for the first three quarters of...
All eyes were on Uber's first quarterly report as a publicly traded company. Management pointed to some improvements in the competitive pricing dynamics in ridesharing that may help soothe red ink (even as growth slowed on a year-over-year basis, and saw synergies forming between ridesharing and...
