Earnings News

A sign with the ticker symbol for TD Ameritrade is seen at the trading post that trades the company on the floor of the New York Stock Exchange

TD Ameritrade second quarter profit up 35 percent on net new assets

By Jed Horowitz NEW YORK (Reuters) - TD Ameritrade Holding Corp , the biggest U.S. discount broker, said profit in its fiscal second quarter jumped 34.7 percent to $194 million on record revenue driven by net new client assets of $12.2 billion and heavy trading. The profit translates to 35 cents a share, also up 35 percent from the year-earlier quarter and consistent with the forecast of analyst…

  • The AT&T logo is pictured by its store in Carlsbad, California
    AT&T ups revenue growth forecast on … Reuters - 18 hours ago

    By Marina Lopes NEW YORK (Reuters) - AT&T Inc on Tuesday raised its forecast for full-year revenue growth to reflect its acquisition of LEAP wireless in March and the … More »AT&T ups revenue growth forecast on …

    The AT&T logo is pictured by its store in Carlsbad, California

    By Marina Lopes NEW YORK (Reuters) - AT&T Inc on Tuesday raised its forecast for full-year revenue growth to reflect its acquisition of LEAP wireless in March and the popularity of a new handset pricing model that charges customers for devices separately from their wireless plans. Like other carriers, AT&T is seeking …

  • Caraeff, President and CEO of VEVO, gestures as he takes part in a panel discussion at The Cable Show in Boston
    Music video hub Vevo monthly viewership … Reuters - 19 hours ago

    By Kevin Gray MIAMI (Reuters) - Vevo, the online music video hub that is a joint venture of two of the world's biggest music labels, has seen a nearly 50 percent increase … More »Music video hub Vevo monthly viewership …

    Caraeff, President and CEO of VEVO, gestures as he takes part in a panel discussion at The Cable Show in Boston

    By Kevin Gray MIAMI (Reuters) - Vevo, the online music video hub that is a joint venture of two of the world's biggest music labels, has seen a nearly 50 percent increase in the number of music videos streamed each month from its platform, the company's top executive said on Tuesday. The company, which is controlled by …

  • CN Rail profit rises despite challenging … Reuters - 21 hours ago

    Canadian National Railway Co , the country's biggest railroad, reported first-quarter earnings that topped expectations on Tuesday and reaffirmed its 2014 financial outlook, … More »CN Rail profit rises despite challenging …

    Canadian National Railway Co , the country's biggest railroad, reported first-quarter earnings that topped expectations on Tuesday and reaffirmed its 2014 financial outlook, even as an extremely cold winter hampered operations. Adjusted earnings per share were 66 Canadian cents, compared with 61 Canadian cents in the year-ago …

  • Man United act to halt slide as power … Reuters - Tue, 22 Apr, 2014

    By Keith Weir LONDON (Reuters) - The balance of power in English soccer has shifted from one famous U.S.-owned club to another, with Liverpool on course to win the league … More »Man United act to halt slide as power …

    By Keith Weir LONDON (Reuters) - The balance of power in English soccer has shifted from one famous U.S.-owned club to another, with Liverpool on course to win the league for the first time in 24 years while rivals Manchester United are in disarray and seeking a new manager. The Glazer family who own United showed their …

  • Xerox cuts 2014 adjusted profit forecast … Reuters - Tue, 22 Apr, 2014

    (Reuters) - Xerox Corp cut its full-year earnings forecast as growth stalled in its services business and margins contracted due to higher investment on U.S. health insurance … More »Xerox cuts 2014 adjusted profit forecast …

    (Reuters) - Xerox Corp cut its full-year earnings forecast as growth stalled in its services business and margins contracted due to higher investment on U.S. health insurance exchange platforms, sending its shares down about 5 percent in premarket trading. Xerox forayed into the services business with its $5.5 billion …

  • Teck Resources maintient ses tests aléatoires malgré un jugement de la Cour suprême
    Teck Resources to cut five percent of … Reuters - Tue, 22 Apr, 2014

    (Reuters) - Diversified Canadian miner Teck Resources Ltd said it would cut about 600 jobs, or 5 percent of its global workforce, after a sharp fall in earnings and revenue … More »Teck Resources to cut five percent of …

    Teck Resources maintient ses tests aléatoires malgré un jugement de la Cour suprême

    (Reuters) - Diversified Canadian miner Teck Resources Ltd said it would cut about 600 jobs, or 5 percent of its global workforce, after a sharp fall in earnings and revenue in the first quarter. Teck's net profit fell 78.4 percent to C$69 million ($62.62 million), or 12 Canadian cents per share, in the three months to …

  • A woman walks into the Nexen building in downtown Calgary
    CNOOC posts 15.5 percent rise in first-quarter … Reuters - Tue, 22 Apr, 2014

    HONG KONG (Reuters) - China's top offshore oil and gas producer CNOOC Ltd on Tuesday posted a 15.5 percent increase in its first quarter production, thanks largely … More »CNOOC posts 15.5 percent rise in first-quarter …

    A woman walks into the Nexen building in downtown Calgary

    HONG KONG (Reuters) - China's top offshore oil and gas producer CNOOC Ltd on Tuesday posted a 15.5 percent increase in its first quarter production, thanks largely to its $15.1 billion acquisition of Canadian energy firm Nexen in February last year. Total net output rose to 108.1 million barrels of oil equivalents (boe) …

  • The Netflix logo is is shown on an ipad in Encinitas, California
    Netflix plans to raise prices as U.S. … Reuters - Mon, 21 Apr, 2014

    By Lisa Richwine LOS ANGELES (Reuters) - Video streaming service Netflix Inc said it intends to raise the monthly subscription price for new customers by $1 or $2 a … More »Netflix plans to raise prices as U.S. …

    The Netflix logo is is shown on an ipad in Encinitas, California

    By Lisa Richwine LOS ANGELES (Reuters) - Video streaming service Netflix Inc said it intends to raise the monthly subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers. Investors welcomed the announcement by Netflix, …

  • Canada's Rogers Communications profit … Reuters - Mon, 21 Apr, 2014

    By Alastair Sharp TORONTO (Reuters) - Canadian cable, telecommunications and media company Rogers Communications Inc reported a 13 percent drop in first-quarter profit … More »Canada's Rogers Communications profit …

    By Alastair Sharp TORONTO (Reuters) - Canadian cable, telecommunications and media company Rogers Communications Inc reported a 13 percent drop in first-quarter profit on Monday, as a move to more customer-friendly pricing led to a slip in earnings at its major wireless phone arm. On a call with analysts, new Chief Executive …

  • Visitors look at an Audi S8 car at Auto China 2014 in Beijing
    Premium car brands eye China's secondhand … Reuters - Sun, 20 Apr, 2014

    By Edward Taylor and Jan Schwartz BEIJING (Reuters) - Strong demand for new automobiles in China has laid the foundations for the next leg of business for carmakers … More »Premium car brands eye China's secondhand …

    Visitors look at an Audi S8 car at Auto China 2014 in Beijing

    By Edward Taylor and Jan Schwartz BEIJING (Reuters) - Strong demand for new automobiles in China has laid the foundations for the next leg of business for carmakers BMW , Audi and Mercedes-Benz: the second-hand premium car market. China's auto market is the world's biggest and is set to grow between 8 percent and 10 percent …

  • Big hockey games can generate a lot of revenue for bars and restaurants. But economists say while fans may not flood sports bars on game nights when a city doesn't have an NHL team in the playoffs, the economy of a city as whole is unlikely to suffer a major economic loss.
    How dearth of Canadian teams in NHL … CBC - Sat, 19 Apr, 2014

    Bars and restaurants in six of seven Canadian NHL cities are bracing for another spring without a hometown run at the Stanley Cup, but despite their dire financial predictions, … More »How dearth of Canadian teams in NHL …

    Big hockey games can generate a lot of revenue for bars and restaurants. But economists say while fans may not flood sports bars on game nights when a city doesn't have an NHL team in the playoffs, the economy of a city as whole is unlikely to suffer a major economic loss.

    Bars and restaurants in six of seven Canadian NHL cities are bracing for another spring without a hometown run at the Stanley Cup, but despite their dire financial predictions, some experts insist that local economies – including the service industry – will survive without playoff hockey.

  • A parcel travels along a conveyer belt at Amazon's new distribution center in Brieselang
    Amazon's tax-free European profits … Reuters - Fri, 18 Apr, 2014

    By Tom Bergin LONDON (Reuters) - The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as … More »Amazon's tax-free European profits …

    A parcel travels along a conveyer belt at Amazon's new distribution center in Brieselang

    By Tom Bergin LONDON (Reuters) - The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as European sales jumped, after the U.S. tax authority tightened rules it felt were being abused to shift profits. Amazon minimizes its tax bill by having the …

  • The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego
    Morgan Stanley profit soars on wealth … Reuters - Thu, 17 Apr, 2014

    By Lauren Tara LaCapra and Anil D'Silva (Reuters) - Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities … More »Morgan Stanley profit soars on wealth …

    The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego

    By Lauren Tara LaCapra and Anil D'Silva (Reuters) - Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities business augmented another strong quarter from wealth management, sending shares in the Wall Street bank higher. Morgan Stanley's shares rose 2.8 percent …

  • Bottles of Pepsi cola on display at PepsiCo's 2010 Investor Meeting event in New York
    Snack sales help PepsiCo beat profit … Reuters - Thu, 17 Apr, 2014

    PepsiCo Inc beat profit expectations on Thursday as a booming snacks unit added pep to sales and its struggling North American soda business did better than expected, … More »Snack sales help PepsiCo beat profit …

    Bottles of Pepsi cola on display at PepsiCo's 2010 Investor Meeting event in New York

    PepsiCo Inc beat profit expectations on Thursday as a booming snacks unit added pep to sales and its struggling North American soda business did better than expected, sending shares up more than 2 percent in premarket trading. The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice said that excluding the impact …

  • The ZTE display is shown at the annual Consumer Electronics Show (CES) in Las Vegas
    China's ZTE first-quarter profit … Reuters - Thu, 17 Apr, 2014

    HONG KONG (Reuters) - ZTE Corp, China's second-biggest telecommunications equipment maker, said first-quarter profit matched its estimate after benefiting from the … More »China's ZTE first-quarter profit …

    The ZTE display is shown at the annual Consumer Electronics Show (CES) in Las Vegas

    HONG KONG (Reuters) - ZTE Corp, China's second-biggest telecommunications equipment maker, said first-quarter profit matched its estimate after benefiting from the country's introduction of fourth-generation mobile networks. Net profit rose 204 percent to 622.2 million yuan ($100.01 million) in January-March compared …

  • German, Japanese carmakers cash in on … Reuters - Thu, 17 Apr, 2014

    By Hyunjoo Jin SEOUL (Reuters) - Japanese and German automakers are benefiting more than their U.S. peers from a free trade deal between Washington and Seoul, according to import figures suggesting U.S. brands are not reaping the rewards they may have expected from the pact. U.S. automakers are battling a perception that …

  • Lululemon's status as yogawear's … Reuters - Wed, 16 Apr, 2014
    A Lululemon Athletica logo is seen outside one of the company's stores in New York

    By Phil Wahba NEW YORK (Reuters) - Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped-up competition from rival yoga retailers, department stores and hot new brands. The company is facing aggressive competition from stores such as Gap Inc's Athleta, …