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January 25, 2022

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Wells Fargo beats profit estimates on uptick in loan demand, cost cuts

Reuters
Jan 14 (Reuters) – Wells Fargo & Co on Friday beat analysts’ estimates for fourth-quarter profit as a rebound in U.S. economic growth encouraged more customers to take loans and the bank kept a tight lid on costs. Profit jumped 86% to $5.8 billion, or $1.38 per share, flattered by......

JPMorgan profit beats estimates on M&A boost

Reuters
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register Jan 14 (Reuters) – JPMorgan Chase & Co (JPM.N) reported a 14% fall in fourth-quarter earnings on Friday......

U.S. CDC estimates Omicron variant to be 58.6% of cases, revises projection

Reuters
A woman takes a coronavirus disease (COVID-19) test at a pop-up testing site as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 27, 2021. REUTERS/Jeenah Moon Register now for FREE unlimited access to Reuters.com Register Dec 28 (Reuters) – The Omicron variant was estimated......

Hutchinson sends tornado damage estimates to FEMA, addresses omicron

USA TODAY – For more and to sign up click here Kim Jarrett | The Center Square Arkansas Gov. Asa Hutchinson said he sent a letter to President Joe Biden and the Federal Emergency Management Agency asking for help with recovery efforts from tornadoes that blew through the state earlier......

Nike beats revenue estimates on North America demand

Reuters
The Nike swoosh logo is seen outside the store on 5th Avenue in New York, New York, U.S., March 19, 2019. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register Dec 20 (Reuters) – Nike Inc (NKE.N) beat quarterly revenue and profit estimates on Monday, lifted by......

Nike shares rise as earnings, sales top estimates, fueled by strong North American demand

CNBC
CNBC – For more and to sign up click here Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York, on Sunday, Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images Nike shares climbed around 3% in extended trading Monday after the sneaker maker reported......

CDC estimates 13% of all cases in NY and NJ could be omicron infections, Director Dr. Walensky says

CNBC
CNBC – For more and to sign up click here Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention. Chip Somodevilla | Getty Images The new, highly mutated omicron Covid-19 variant now accounts for an estimated 13% of all cases in New York and New Jersey, according......

Oracle shares spike 13% after beating earnings estimates

CNBC
CNBC – For more and to sign up click here A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Justin Sullivan | Getty Images Shares of Oracle were up more than 13% during premarket trading on Friday after the company reported earnings......

Costco warns of holiday delays even as results top estimates

Reuters
FILE PHOTO: Customers queue to enter a Costco Wholesale store in Chingford, Britain March 15, 2020. REUTERS/John Sibley/File Photo GLOBAL BUSINESS WEEK AHEAD/File Photo Register now for FREE unlimited access to reuters.com Register Dec 9 (Reuters) – Membership-only retail chain Costco Wholesale Corp (COST.O) beat Wall Street estimates for quarterly......

Stitch Fix shares crater as retailer cuts forecast, despite topping earnings estimates

CNBC
CNBC – For more and to sign up click here The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard/ | Bloomberg | Getty Images Stitch Fix shares tumbled......

Best Buy earnings top estimates but retailer’s stock tumbles amid weakening demand, shipping bottlenecks

CNBC
CNBC – For more and to sign up click here Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy‘s fiscal third-quarter earnings beat estimates on Tuesday, yet shares......

Zoom beats estimates even as revenue growth is poised to slow after pandemic

CNBC
CNBC – For more and to sign up click here Zoom CEO Eric Yuan makes a toast after the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom shares rose as much as 8% in extended trading on Monday after the video-chat......

Zoom beats quarterly revenue estimates

Reuters
A 3D printed Zoom logo is placed on the keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/Files Register now for FREE unlimited access to reuters.com Register Nov 22 (Reuters) – Zoom Video Communications (ZM.O) beat estimates for third-quarter revenue on Monday benefiting from the launch of its new......

Al Kaline lot sells for more than double early estimates, auction house says

Detriot News
Detroit News – For more and to sign up click here Al Kaline finished his career with 399 home runs. Let’s give him one more. The high-profile auction of more than 400 Kaline-owned items proved a major hit, bringing in more than $1.64 million, more than double the early estimates,......

Applied Materials sales forecast misses estimates on supply chain woes

Reuters
Nov 18 (Reuters) – Applied Materials Inc (AMAT.O) forecast first-quarter sales and profit below market estimates on Thursday, as chip shortages slowed the supply chain of the world’s biggest maker of tools for making chips. The forecast sent its shares down nearly 6.7% in extended trading. Applied, which makes machines......

Macy’s earnings top estimates as company lures in new customers, hikes outlook

CNBC
CNBC – For more and to sign up click here The entrances at Macy’s are decorated with Christmas decorations on December 04, 2020 in New York City. Roy Rochlin | Getty Images Entertainment | Getty Images Macy’s on Thursday reported fiscal third-quarter earnings and sales that topped analysts’ expectations, leading......

The White House estimates nearly 10 percent of younger children have gotten a first shot.

New York Times
The pace of vaccination against the coronavirus among newly eligible younger children is accelerating, and nearly 10 percent of the nation’s 5- to 11-year olds have already had their first shot, the White House estimated on Wednesday. Last week alone, 1.7 million young children were vaccinated, about double the previous......

Cisco reports disappointing revenue and issues forecast that misses estimates

CNBC
CNBC – For more and to sign up click here Cisco CEO Chuck Robbins Manuel Blondeau | AOP.Press | Corbis | Getty Images Cisco shares tumbled 8% in extended trading on Wednesday after the computer networking company reported quarterly revenue that fell short of analysts’ expectations and issued weaker-than-expected guidance.......

Lowe’s tops estimates as customers invest more in bigger home projects, retailer lifts sales forecast

CNBC
CNBC – For more and to sign up click here A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s beat analysts’ expectations for fiscal third-quarter earnings on Wednesday, as......

Home Depot earnings top estimates fueled by 9.8% jump in sales as consumers fix up homes

CNBC
CNBC – For more and to sign up click here A customer partially wearing a mask at a store in Reston, Virginia, on Thursday, May 21, 2020. Andrew Harrer | Bloomberg via Getty Images Home Depot on Tuesday reported quarterly earnings and revenue that beat analysts’ revenue as customers spent......

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