Facebook is looking to reassure investors that its digital advertising business has a future of strength ahead of it, despite slightly slipping usage and a coming reboot to its News Feed. Overall, Facebook reported a 47 percent jump in quarterly revenue year-on-year, and on the...
It was a solid earnings report for Samsung in the fourth quarter of 2017, as earnings surged due to strong sales of the manufacturer’s memory chips, the company said in an announcement. Samsung’s components business, particularly the division that manufactures DRAM and NAND memory, drove...
Discover Financial Services, like so many peers in the financial sphere, took a charge in the fourth quarter tied to tax legislation passed during the period. Earnings per share on an adjusted basis was $1.51, missing the consensus by three cents. At the end of...
Capital One missed estimates, adjusted for impact of the tax bill that was signed last year as loans grew across cards and autos, but credit losses grew, too. Earnings per share of $1.62 was 26 cents below the Street, according to information presented during the...
This week’s B2B Data Digest offers a quick skim of the flurry of earnings data coming out of the corporate banking, finance and technology market. On the whole, numbers are good – better than good, in some cases – creating a stock market rally as...
The headline numbers said it was the first quarterly loss in 26 years. But digging a little deeper, American Express posted fourth-quarter results that topped expectations on the heels of higher card spend – and higher balances kept on those cards. Total revenues were $8.8 billion,...
Citigroup’s headline numbers showed a sizable quarterly loss on the newly enacted tax law – but excluding that $22 billion charge and the resulting $18 billion negative tally on the bottom line, results beat expectations. The adjusted earnings per share was $1.28, up 4 percent...
The kickoff to earnings season usually has two firms reporting on the same day — JPMorgan and Wells Fargo — and the stories diverge wildly even though the same broad forces are at play. Tax cuts may have dominated the headlines, but then again, the tale remained...
In response to weak sales at Walgreens Boots Alliance Inc., following the retailer’s decision to add nearly 2,000 Rite Aid locations to its store base, a Morningstar analyst is questioning how long it will take for the acquisition to boost the company’s bottom line, Reuters...
