Earnings


American Express Posts $1.2B Loss Due to New Tax Law

Credit-card company American Express posted a $1.2 billion loss in its latest quarter after booking large one-time charges related to the new tax law. The company also announced it would…

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Tesla Swings to $671M loss on Model 3 Delays

Electric-car maker Tesla Inc. swung to a $671 million loss in the third quarter as it struggled to ramp up production of its new Model 3 small car. The loss,…

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Aetna 3Q Profit Soars, Issues Strong Forecast

Aetna trumped third-quarter earnings expectations and raised its 2017 forecast again, even as the health insurer’s withdrawal from the Affordable Care Act’s insurance marketplaces contributed to a revenue miss. The…

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Pfizer Beats 3Q Net Forecasts on Lower Charges, Higher Sales

Pfizer doubled its third-quarter profit, thanks to slightly higher sales, lower one-time charges and reduced spending on production and administration. The drug giant edged past Wall Street’s profit expectations and…

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UnitedHealth Beats 3Q Forecasts, Helped by Optum Growth

UnitedHealth Group’s third-quarter earnings soared 26 percent to beat Wall Street expectations as the nation’s largest health insurer sold more coverage to retirees and continued to grow its business outside…

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Teva Earnings Drop, Share Price Tumbles

After registering dismal second-quarter results, Teva Pharmaceutical Industries announced a global belt-tightening on Thursday that will see thousands of layoffs and factory closings in 45 countries, Globes reported. News that…

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Apple Posts Strong 3Q, Provides Upbeat Forecast

Apple earnings climbed 12 percent to $8.7 billion in the company’s latest quarter amid rising demand for iPhones while the iPad snapped out of a 3-1/2-year sales slump. Revenue increased…

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American Airlines’ Revenue Rises But Profit Drops

About half of American Airlines customers are choosing higher fares over a no-frills cheaper ticket option, boosting revenues at the Fort Worth-based carrier. But wage increases doled out to workers…

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A Strong 2Q for Merck, Outlook Mixed

Sustained cost cuts helped push Merck’s second-quarter profit up 61 percent, easily topping Wall Street expectations, as growing sales of new cancer and hepatitis C medicines offset growing generic competition…

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