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Financial company and market news.

On Tuesday, share prices of Expedia fell by more than 13 percent amid mixed financial reports over the online travel company’s earnings. While there has been plenty of optimism regarding travel from many top executives, Expedia CEO Peter Kern said the Russian war against Ukraine, inflation, and an apparent increase...
Exxon Mobil saw increased profit during the first quarter, settling at $5.5 billion. Last year during the same quarter, the oil and gas giant brought in $2.7 billion. But, earnings were lower than 2021’s final quarter, which saw $8.87 billion in profits. Still, Exxon shares were down on Friday morning...
Pinterest shares were up by more than 6 percent after the company reported it beat expectations for its earnings per share and revenue for the first quarter of 2022. Although, the social media company did overestimate how many monthly users it would have active during the quarter. Instead, its...
The wireless technology company, Qualcomm, reported elevated earnings on Wednesday for the second quarter. Per its earnings report, all of the I0T company’s major chip markets had grown and smashed analysts’ expectations by the end of the second quarter, which ended in March. The Android chipmaker reported its revenue at...
The second-largest credit card company by volume topped forecasts for its first-quarter profit, rising 34 percent to $9.06 billion. American Express benefitted in a big way as credit-card spending saw a resurgence from last year. The company saw increased customer engagement costs thanks to a heightened reward payouts program....
Many of the largest banks in the U.S. are anticipated to show sharp declines from one year ago when they report first-quarter earnings. Last year, big banks saw exceptionally robust trading and dealmaking. According to Refinitiv analysts, the net income for the six largest banks in the U.S. is expected...
BP, British oil and gas giant, closed out the fourth quarter with significant gains. In fact, the company's full-year net profit was the highest it has been in eight years. This is largely due to global gas markets rising towards the end of 2021 and an oil price rally...
Snap's fourth-quarter numbers are in, and it turns out that Snap outperformed analysts' expectations of earnings, revenue, and user growth. Analysts from Refinitiv predicted 10 cents per share for the fourth quarter, and Snap's earnings per share came out to 22 cents. They also predicted revenue of $1.2 billion, and...
Airbnb continues to rebound from the Covid-19 pandemic as the online lodging marketplace surpassed Wall Street estimates on fourth-quarter revenue and earnings.  Earnings per share for the San Francisco-headquartered vacation rental company was 8 cents, surpassing the 3 cent prediction by Refinitiv analysts. Revenue exceeded predictions as well and stood...
While Covid was detrimental to many businesses, CVS Health benefited financially from the pandemic and its aftermath, especially during this past fourth quarter. The company said that overall store sales have increased due to demand for Covid-related measures. Their fourth-quarter earnings topped expectations as consumers flocked to the stores...