Earnings

The investing game plan as retail giants Walmart and Target wrap up the season

The earnings season is winding down, but there are still some big names set to report. More than 90% of S & P 500 companies have already reported earnings, with 78% of those names posting better-than-expected profits, according to Refinitiv. Those results have put overall S & P 500 earnings on pace to have grown …

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Saudi Aramco profit surges 90% in second quarter amid energy price boom

An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Saudi oil giant Aramco reported a stunning 90% surge in second quarter net income and record half year results on Sunday, as high oil prices continue to drive historic windfalls for “Big Oil.” Aramco said …

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These are the best-performing S&P 500 stocks this week. Here’s where analysts see them going

The S & P 500 rose for the fourth straight week as investors cheered better-than-expected inflation numbers. The consumer price index rose 8.5% year over year in July, compared to economists’ expectations of 8.7%. Meanwhile, wholesale inflation , as measured by the producer price index, fell 0.5% last month. The weekly gain marks the longest …

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Honest Company, Rivian, Illumina and others

Check out the companies making headlines before the bell: Honest Company (HNST) – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including …

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Economy contracts by 0.1% in second quarter

Shoppers walk through the rain on Oxford Street in London. Tolga Akmen/AFP/Getty Images The UK economy contracted in the second quarter of 2022, as the country’s cost-of-living crisis hit home. Official figures published Thursday showed that gross domestic product (GDP) shrank by 0.1% quarter on quarter in the second three months of the year, less …

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Illumina stock tanks as gene-sequencing company misses expectations and issues bleak outlook

Illumina Inc. shares sank 17% after hours Thursday after the gene-sequencing company swung to a loss in the second quarter, fell short of revenue expectations and revised its full-year outlook downward. Francis deSouza, chief executive of Illumina ILMN, +0.06%, said in a statement that the quarterly results failed to meet the company’s own expectations because …

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Pfizer Stock Slumps On Litigation Linked to Zantac Heartburn Drug

Updated at 12:17 pm EST Pfizer (PFE) – Get Pfizer Inc. report shares slumped lower Thursday amid investor concern over potential litigation linked to the popular, but now-discontinued, heartburn treatment known as Zantac. A Deutsche Bank note, published Thursday, suggested that companies which marketed Zantac could be liable for damages if pending cases conclude that …

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