United (UAL) earnings Q4 2019 beat estimates

United (UAL) earnings Q4 2019 beat estimates

United Airlines Holdings’ fourth-quarter profits surged nearly 40% in the last three months of 2019 from a year earlier, thanks to strong travel demand and less expensive fuel. The Chicago-based carrier reported earnings and revenue on Tuesday that narrowly beat analysts’ estimates, sending shares up slightly in postmarket trading. United posted net income of $614 … Read more…

Netflix Q4 2019 earnings report downplays competition

Netflix Q4 2019 earnings report downplays competition

CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images Netflix downplayed concerns about competition in its Q4 2019 earnings report, but subscriber numbers don’t lie. Netflix wrote … Read more…

Netflix Q4'19 earnings report used Google Trends chart for The Witcher

Netflix Q4’19 earnings report used Google Trends chart for The Witcher

Netflix didn’t have much to say about its new streaming competition in its fourth-quarter earnings report. Instead it let a Google Trends chart do the talking. The chart, which Netflix included in its quarterly letter to shareholders, compares global Google search trends for Netflix’s “The Witcher,” Disney’s “The Mandalorian,” Amazon’s “Jack Ryan” and Apple’s “The … Read more…

Netflix (NFLX) Q4 2019 earnings

Netflix (NFLX) Q4 2019 earnings

Netflix CEO Reed Hastings split the company in two in 2011, thinking that the growing ubiquity of high-speed Internet access would soon mean the end of their disruptive DVD mailing business. But neglecting the DVD business proved to be a mistake, and Netflix reversed course. Ore Huiying | Getty Images Shares of Netflix were sliding as much … Read more…

Buy these stocks ahead of earnings including Netflix and Guess

Buy these stocks ahead of earnings including Netflix and Guess

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images TE Connectivity This week, Wells … Read more…

Path is clear for a year-end rally

Earnings will decide whether market continues to hit new highs

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With the Chinese trade deal out of the way, earnings could be the biggest driver for stocks in the week ahead, as big tech, financial, consumer and industrial companies report. So far, the early rush of earnings are beating estimates … Read more…

5 things to know before the stock market opens January 16, 2020

5 things to know before the stock market opens January 16, 2020

1. Futures indicate more stock records at Wall Street’s open Traders work during the opening bell at the New York Stock Exchange (NYSE) on January 13, 2020 on Wall Street in New York City. Johannes Eisele | AFP | Getty Images After the signing of the preliminary U.S.-China trade deal, stock futures were pointing to … Read more…

Morgan Stanley Earnings Q4 2019 beat estimates

Morgan Stanley Earnings Q4 2019 beat estimates

James Gorman David A. Grogan | CNBC Morgan Stanley posted profit and revenue that exceeded analysts’ expectations. The bank said Thursday that fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with the 99 cent estimate of analysts surveyed by Refinitiv. Revenue climbed 27% to $10.86 billion, exceeding the $9.72 billion estimate by … Read more…

Bank of America (BAC) earnings Q4 2019 top expectations

Bank of America (BAC) earnings Q4 2019 top expectations

Bank of America on Wednesday posted profit that exceeded analysts’ expectations on a rebound in trading revenue and as the company repurchased shares. The bank said fourth-quarter profit was $7 billion, a 4% decline from a year earlier. But earnings per share were 74 cents, an unexpected 6% increase, helped by a reduction in outstanding shares. … Read more…

Goldman in talks with the U.S. to settle 1MDB scandal for $2 billion

Goldman Sachs (GS) earnings Q4 2019

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs beat analysts’ estimates for revenue as the bank joined its Wall Street rivals in posting sharply higher fourth-quarter bond trading results.  CEO David Solomon has had … Read more…