Earnings

Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due.

CVS Front Store Sales Rise 8.5 Pct Fueled By COVID-19 Purchases
CVS Front Store Sales Rise 8.5 Pct Fueled By COVID-19 Purchases
May 06, 2020  |  Retail

As consumers stocked up on merchandise amid the coronavirus pandemic, CVS Health Corporation reported that front store revenues rose 8.5 percent in the three months...

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Western Union Weathers Uncertainty With Digital Acceleration
Western Union Weathers Uncertainty With Digital Acceleration
May 06, 2020  |  Earnings

As has been the trend with earnings reports this quarter, COVID-19 and its global economic effects took center stage when Western Union reported its Q1...

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LendingClub: 11 Pct Of Personal Loans In ‘Skip-a-Pay’ Program
LendingClub: 11 Pct Of Personal Loans In ‘Skip-a-Pay’ Program
May 06, 2020  |  Earnings

LendingClub posted first-quarter earnings results Tuesday (May 5) that showed a high single-digit percentage decline in loan originations as consumers held back, investors shied away...

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Closed Theme Parks Sink Disney Earnings; Q3 Could Be Worse
Closed Theme Parks Sink Disney Earnings; Q3 Could Be Worse
May 05, 2020  |  Earnings

The COVID-19 pandemic hit Disney hard for the first three months of 2020, with overall revenue down $1.4 billion largely stemming from its ravaged theme...

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US Meat Shortage Boosts Fortunes Of Plant-Based Meat Firms
US Meat Shortage Boosts Fortunes Of Plant-Based Meat Firms
May 05, 2020  |  Earnings

Not every company is suffering as the world’s economy has come to a virtual standstill and the pandemic death toll rises. Get the Full Story...

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Wayfair’s Sales Up 20 Pct As Homebound Consumers Feather Nests
Wayfair’s Sales Up 20 Pct As Homebound Consumers Feather Nests
May 05, 2020  |  Retail

Online retail giant Wayfair saw its sales surge in the first quarter of 2020, even while its net loss grew. The increase in sales figures...

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Analysts Lower Wells Fargo Rating, Saying Road To Recovery Will Be Tough
Analysts Lower Wells Fargo Rating, Saying Road To Recovery Will Be Tough
May 05, 2020  |  Bank Regulation

Analysts at UBS Securities lowered Wells Fargo’s rating and earnings forecast, saying the bank will have a tougher time bouncing bank from the coronavirus pandemic —...

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MoneyGram’s Walk-In Business Hit By The Coronavirus As Digital Transactions Surge
MoneyGram’s Walk-In Business Hit By The Coronavirus As Digital Transactions Surge
May 01, 2020  |  Earnings

With its walk-in business taking a large negative hit due to the coronavirus pandemic and stay-at-home orders, MoneyGram reported 57 percent digital transaction growth for...

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Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process Half-Million Loan Applications
Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process...
May 01, 2020  |  News

In today’s top news, the U.S. savings rate surged in March due to the shaky coronavirus economy, and big banks have processed almost 500,000 applications...

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