Home Financials

Financials

Financial company and market news.

British multinational bank Barclays posted a net profit of £1.512 billion, or an equivalent of $1.73 billion USD, that was attributable to shareholders. The figure represented an increase from last year’s restated third-quarter profit of £1.374 billion and was said to be attributable to robust trading revenues. Although the UK-based...
The New York-based airline company JetBlue Airways posted strong earnings for the third quarter. The airline carrier had a $57 million profit for the period even though it had to increase fare prices to help cover higher expenses, including jet fuel. Travel demand is still strong despite ongoing inflation...
On Wednesday, Proctor & Gamble (P&G) reported its fiscal first quarter 2023 earnings and revenue, which showed that the company exceeded estimates by Wall Street analysts.  While the company has had to increase its prices due to higher manufacturing and supply costs, it has seen lower demand for its products,...
On Monday, Bank of America released a report showing better-than-expected third-quarter results on its profit and revenue, with higher interest income gains and fixed-income trading owing to rising interest rates and volatile market swings. However, like many other major banks, the company’s investment banking earnings declined. According to Refinitiv data,...
On Thursday, Walgreens reported exceeding analysts' fiscal fourth-quarter revenue and earnings expectations. According to Refinitiv, analysts had predicted 77 cents adjusted earnings per share, but the pharmacy chain reported 80 cents earnings per share for the quarter. Walgreens also reported $32.45 billion in revenue, slightly above what analysts had...
Costco reported on Thursday that its fiscal fourth-quarter earnings surpassed the expectations of analysts. The wholesale big-box retail store usually raises its membership fees about every five years or so, but since the company did so well during the last fiscal quarter, it’s keeping fees right where they are...
Ford Motor Company had its worst trading day in over 11 years on Tuesday, falling by 12.3 percent and closing at $13.09 per share. The lower share prices amounted to $7 billion of Ford’s market value being lost. Ford recently released part of its third-quarter financial report, warning investors...
Federal Express has withdrawn its full-year guidance amid much weaker first-quarter earnings and revenue. The company has announced that it is also cutting costs after the global volume of shipments was softer than expected. As part of its measures to slash expenses, FedEx plans to close 90 of its offices...
Shares of gunmaker Smith & Wesson slipped on Friday after the company’s quarterly report showed that its profit was lower than last year at the same time. Mark Smith, CEO of Smith & Wesson acknowledged that the gun industry had its first summer downturn in three years, calling it...
The social media and camera company, Snap, announced that it will be letting go 20 percent of its 6,000-plus workers as part of its plans to restructure its business. The announcement was made by Snap CEO Evan Spiegel through an office memo to the company’s employees telling them that...