Earnings News

Ghana can continue development in Ivory Coast oil dispute: tribunal

An international maritime tribunal on Saturday ruled that Ghana can continue developing a $4.9 billion dollar offshore oil project in an area caught up in a border dispute with Ivory Coast but must not start new drilling. The decision is positive for the government of Ghana and for British firm Tullow, which leads a consortium developing the "TEN" field and has already drilled the wells it needs …

  • People walk past an American Airlines logo at John F. Kennedy (JFK) airport in in New York
    American Airlines plans capacity cuts, … Reuters - Fri, 24 Apr, 2015

    American Airlines Group Inc on Friday reported first-quarter profit above analysts' expectations and pleased investors with capacity cuts to match weakening international … More »American Airlines plans capacity cuts, …

    People walk past an American Airlines logo at John F. Kennedy (JFK) airport in in New York

    American Airlines Group Inc on Friday reported first-quarter profit above analysts' expectations and pleased investors with capacity cuts to match weakening international demand. It earned $1.73 per diluted share excluding special items, compared with analysts' average estimate of $1.71, according to Thomson Reuters I/B/E/S. …

  • How does Google Fi's coverage compare to AT&T and Verizon?
    Google Fi might be exactly what Canada's … CBC - Fri, 24 Apr, 2015

    Google Fi will cost a mere $20 a month for talk, text, Wi-Fi tethering, and international coverage in more than 120 countries. Google Fi piggybacks on the networks of … More »Google Fi might be exactly what Canada's …

    How does Google Fi's coverage compare to AT&T and Verizon?

    Google Fi will cost a mere $20 a month for talk, text, Wi-Fi tethering, and international coverage in more than 120 countries. Google Fi piggybacks on the networks of Sprint and T-Mobile, and the service automatically switches to the network offering the best connectivity, wherever the user may be. In Canada, startup …

  • Snapchat backer IVP raises $1.4 billion … Reuters - Fri, 24 Apr, 2015

    By Sarah McBride SAN FRANCISCO (Reuters) - Late-stage venture firm Institutional Venture Partners said on Thursday it had raised $1.4 billion for its latest fund, IVP … More »Snapchat backer IVP raises $1.4 billion …

    By Sarah McBride SAN FRANCISCO (Reuters) - Late-stage venture firm Institutional Venture Partners said on Thursday it had raised $1.4 billion for its latest fund, IVP XV, showing continued investor appetite for late-stage private companies even as the public-market's appetite seems to be flagging. The fund marks a considerable …

  • A shadow of a man using his mobile phone is cast near Microsoft logo at the 2014 Computex exhibition in Taipei
    Microsoft profit, revenue beats Wall … Reuters - Thu, 23 Apr, 2015

    Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline … More »Microsoft profit, revenue beats Wall …

    A shadow of a man using his mobile phone is cast near Microsoft logo at the 2014 Computex exhibition in Taipei

    Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business. "The Street will cheer these results as it appears Microsoft is back on the right track after a head-scratching …

  • Worker handles items for delivery at Amazon's new distribution center in Brieselang
    Microsoft coy on cloud profit after … Reuters - Thu, 23 Apr, 2015

    By Bill Rigby and Nandita Bose SAN FRANCISCO/CHICAGO (Reuters) - Amazon.com Inc surprised investors on Thursday by disclosing for the first time that it makes a profit … More »Microsoft coy on cloud profit after …

    Worker handles items for delivery at Amazon's new distribution center in Brieselang

    By Bill Rigby and Nandita Bose SAN FRANCISCO/CHICAGO (Reuters) - Amazon.com Inc surprised investors on Thursday by disclosing for the first time that it makes a profit from its fast-growing cloud-computing business. Microsoft, its closest rival in that arena, also touted a fast-growing cloud business, but held back on …

  • A woman holds an Amazon Fresh delivery bag in Brooklyn, New York
    Amazon revenue beats, cloud computing … Reuters - Thu, 23 Apr, 2015

    Amazon.com Inc's first-quarter revenue grew more than expected as rising sales in North America and its burgeoning cloud-computing services unit offset new business investments, … More »Amazon revenue beats, cloud computing …

    A woman holds an Amazon Fresh delivery bag in Brooklyn, New York

    Amazon.com Inc's first-quarter revenue grew more than expected as rising sales in North America and its burgeoning cloud-computing services unit offset new business investments, boosting its shares nearly 7 percent. The e-commerce company for the first time broke out financial details of its secretive cloud computing unit, …

  • A neon Google logo is seen as employees work at the new Google office in Toronto in this file photo
    Google shares rise after online ad sales … Reuters - Thu, 23 Apr, 2015

    Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher … More »Google shares rise after online ad sales …

    A neon Google logo is seen as employees work at the new Google office in Toronto in this file photo

    Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. While revenue and profit missed the forecasts of Wall Street analysts, many investors had been bracing for a weaker report, said BGC …

  • Ontario pledges smaller deficits; labor … Reuters - Thu, 23 Apr, 2015

    By Andrea Hopkins TORONTO (Reuters) - Ontario’s Liberal government trimmed its budget deficit forecasts for the next two years on Thursday as it unveiled a budget that … More »Ontario pledges smaller deficits; labor …

    By Andrea Hopkins TORONTO (Reuters) - Ontario’s Liberal government trimmed its budget deficit forecasts for the next two years on Thursday as it unveiled a budget that seeks cost cuts in education and healthcare, a move toward austerity that could spark labor unrest across the province. Ontario, Canada’s most populous …

  • A shadow of a man using his mobile phone is cast near Microsoft logo at the 2014 Computex exhibition in Taipei
    Microsoft profit, revenue beats Wall … Reuters - Thu, 23 Apr, 2015

    (Reuters) - Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing products helped to offset … More »Microsoft profit, revenue beats Wall …

    A shadow of a man using his mobile phone is cast near Microsoft logo at the 2014 Computex exhibition in Taipei

    (Reuters) - Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing products helped to offset a decline in its core Windows business. Its shares rose 2.4 percent to $44.38 in after-hours trading. (Reporting by Bill Rigby)

  • File photo of General Motors logo outside its headquarters at the Renaissance Center in Detroit
    GM first-quarter profit misses estimates … Reuters - Thu, 23 Apr, 2015

    By Ben Klayman and Bernie Woodall DETROIT (Reuters) - General Motors posted a smaller-than-expected quarterly profit on Thursday on weakness in South America and Russia … More »GM first-quarter profit misses estimates …

    File photo of General Motors logo outside its headquarters at the Renaissance Center in Detroit

    By Ben Klayman and Bernie Woodall DETROIT (Reuters) - General Motors posted a smaller-than-expected quarterly profit on Thursday on weakness in South America and Russia and a higher tax rate, sending shares down 3.5 percent. "Clearly the macro environment in South America, and it's primarily Brazil, deteriorated versus …

  • A branch of Barclays bank is seen in central London
    New Barclays chairman flags more change … Reuters - Thu, 23 Apr, 2015

    By Steve Slater and Matt Scuffham LONDON (Reuters) - New Barclays Chairman John McFarlane said the British bank still faces formidable challenges and signaled his intention … More »New Barclays chairman flags more change …

    A branch of Barclays bank is seen in central London

    By Steve Slater and Matt Scuffham LONDON (Reuters) - New Barclays Chairman John McFarlane said the British bank still faces formidable challenges and signaled his intention to accelerate its turnaround plan within an hour of taking charge. McFarlane took the helm after Thursday's annual shareholder meeting, charged with …

  • Patrick Wooten holds the flag as his son Thomas misses his putt on the second half of the FootGolf course at Largo Golf Course in Largo, Florida
    FootGolf kicks new life into struggling … Reuters - Thu, 23 Apr, 2015

    Mike Woods laughed out loud the first time he saw a FootGolf video. "Yet that's the absolute target market for soccer." FootGolf, played by kicking a soccer ball over … More »FootGolf kicks new life into struggling …

    Patrick Wooten holds the flag as his son Thomas misses his putt on the second half of the FootGolf course at Largo Golf Course in Largo, Florida

    Mike Woods laughed out loud the first time he saw a FootGolf video. "Yet that's the absolute target market for soccer." FootGolf, played by kicking a soccer ball over fairways and bunkers and into oversized holes by the rough, has been embraced by a U.S. golf industry that has seen hundreds of courses shuttered in recent …

  • A man uses an umbrella to guard against snowfall as he walks past the Nasdaq MarketSite in Times Square, Midtown New York
    Nasdaq hikes dividend, cuts costs as … Reuters - Thu, 23 Apr, 2015

    By John McCrank NEW YORK (Reuters) - Transatlantic exchange operator Nasdaq OMX Group on Thursday said it raised its dividend 67 percent and took substantial restructuring … More »Nasdaq hikes dividend, cuts costs as …

    A man uses an umbrella to guard against snowfall as he walks past the Nasdaq MarketSite in Times Square, Midtown New York

    By John McCrank NEW YORK (Reuters) - Transatlantic exchange operator Nasdaq OMX Group on Thursday said it raised its dividend 67 percent and took substantial restructuring charges to combat foreign exchange headwinds as its profits topped expectations. Nasdaq said its board authorized a hike in the company's dividend …

  • A man walks past Qualcomm stand while attending during the Mobile World Congress in Barcelona
    Qualcomm forecast misses as customer … Reuters - Wed, 22 Apr, 2015

    Qualcomm Inc forecast current-quarter revenue and profit below analysts' expectations, saying the loss of a key customer and delays in product launches by some smartphone … More »Qualcomm forecast misses as customer …

    A man walks past Qualcomm stand while attending during the Mobile World Congress in Barcelona

    Qualcomm Inc forecast current-quarter revenue and profit below analysts' expectations, saying the loss of a key customer and delays in product launches by some smartphone makers would hurt sales of its flagship Snapdragon chips. Earlier this year, longtime customer Samsung Electronics Co opted to use an internally developed …

  • Traders work on the floor of the New York Stock Exchange
    Shares climb on earnings; U.S. Treasuries … Reuters - Wed, 22 Apr, 2015

    By Chuck Mikolajczak NEW YORK (Reuters) - Stocks in major markets drifted higher on Wednesday as investors took an optimistic view of the latest batch of U.S. corporate … More »Shares climb on earnings; U.S. Treasuries …

    Traders work on the floor of the New York Stock Exchange

    By Chuck Mikolajczak NEW YORK (Reuters) - Stocks in major markets drifted higher on Wednesday as investors took an optimistic view of the latest batch of U.S. corporate earnings, while U.S. Treasury prices declined after home sales data added to anticipation of a rate hike by the U.S. Federal Reserve later this year.  …

  • EMC rises on strong VMware results, … Reuters - Wed, 22 Apr, 2015

    Data storage products maker EMC Corp slashed its full-year revenue and profit forecasts, blaming a strong dollar, and reported quarterly results that missed market expectations. Activist investor Elliott Management Corp has been pressuring EMC to spin off virtualization software maker VMware. "What's implied by the prices …

  • Canadian grocer Metro interested in … Reuters - Wed, 22 Apr, 2015

    (Reuters) - Metro Inc said it was interested in some of the stores being sold by Target Corp , becoming the second Canadian retailer to look at the stores the U.S. retailer leaves behind after its exit from Canada. Target exited Canada after a two-year struggle related to logistics and resources that left its stores …