Earnings News

Visa credit cards are displayed in Washington

Visa says revenue growth to slow, Russia sanctions hurting volumes

Visa Inc , the world's largest credit and debit card company, said U.S. sanctions on Russia were hurting its card transaction volumes and that revenue growth would slow further this quarter, sending its shares down 5 percent after the bell. Visa's quarterly revenue growth slid to a single digit in percentage terms for the first time in more than four years, due to a strong U.S. dollar. The compa…

  • The NASDAQ MarketSite in Times Square in New York
    Nasdaq seeks upside from markets debate … Reuters - 15 hours ago

    Author Michael Lewis' claim that the U.S. stock market is rigged was "irresponsible," but the debate it has sparked could lead to positive change, said Bob Greifeld, … More »Nasdaq seeks upside from markets debate …

    The NASDAQ MarketSite in Times Square in New York

    Author Michael Lewis' claim that the U.S. stock market is rigged was "irresponsible," but the debate it has sparked could lead to positive change, said Bob Greifeld, chief executive of Nasdaq OMX Group , which reported higher earnings on Thursday. "I think certainly it was an irresponsible piece of work and it served to …

  • ISS recommends votes for two Loeb nominees … Reuters - 18 hours ago

    By Svea Herbst-Bayliss BOSTON (Reuters) - A prominent investor shareholder advisory firm recommended that Sotheby's investors should vote for two of the three board … More »ISS recommends votes for two Loeb nominees …

    By Svea Herbst-Bayliss BOSTON (Reuters) - A prominent investor shareholder advisory firm recommended that Sotheby's investors should vote for two of the three board candidates suggested by activist investor Daniel Loeb. Institutional Shareholder Services sent a report to clients early on Thursday morning that backs Loeb, …

  • Barclays chairman defends staff bonuses … Reuters - 21 hours ago

    By Steve Slater and Matt Scuffham LONDON (Reuters) - Barclays Chairman David Walker defended pay levels at the bank on Thursday, telling shareholders that it needed … More »Barclays chairman defends staff bonuses …

    By Steve Slater and Matt Scuffham LONDON (Reuters) - Barclays Chairman David Walker defended pay levels at the bank on Thursday, telling shareholders that it needed to raise bonuses to stop an exodus of senior executives. Speaking at Barclay's annual general meeting - at which a significant minority of investors led by …

  • Apple's iPad devices are displayed at its store in Tokyo
    Apple expands buybacks by $30 billion, … Reuters - Wed, 23 Apr, 2014

    By Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one … More »Apple expands buybacks by $30 billion, …

    Apple's iPad devices are displayed at its store in Tokyo

    By Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who …

  • The Apple logo is pictured at a retail store in the Marina neighborhood in San Francisco
    Apple resets the clock as investors … Reuters - Wed, 23 Apr, 2014

    By Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more … More »Apple resets the clock as investors …

    The Apple logo is pictured at a retail store in the Marina neighborhood in San Francisco

    By Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the most bullish analysts had expected. To top it all off, Apple unveiled a 7-for-1 stock split that should go …

  • The Apple logo is pictured on the front of the company's flagship retail store near signs for the central subway project in San Francisco, California
    Apple expands buybacks by $30 billion, … Reuters - Wed, 23 Apr, 2014

    By Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one … More »Apple expands buybacks by $30 billion, …

    The Apple logo is pictured on the front of the company's flagship retail store near signs for the central subway project in San Francisco, California

    By Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who …

  • A man holding his mobile phone walks past the logo of Softbank Corp at its branch in Tokyo
    Japan attack on wireless 'oligopoly' … Reuters - Wed, 23 Apr, 2014

    By Yoshiyasu Shida TOKYO (Reuters) - For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations … More »Japan attack on wireless 'oligopoly' …

    A man holding his mobile phone walks past the logo of Softbank Corp at its branch in Tokyo

    By Yoshiyasu Shida TOKYO (Reuters) - For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations from regulators in his home market could not come at a worse time. The feisty entrepreneur is lobbying skeptical Washington officials to let him buy a …

  • 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 … Reuters - Wed, 23 Apr, 2014

    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 … More »TD Ameritrade second quarter profit …

    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

    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 …

  • A sample of Botox is seen at the Long Island Plastic Surgical Group at the Americana Manhasset luxury shopping destination in Manhasset
    Valeant, Ackman offer to buy Botox maker … Reuters - Tue, 22 Apr, 2014

    Canada's Valeant Pharmaceuticals International Inc said on Tuesday it and activist investor Bill Ackman made an unsolicited $47 billion bid to buy Botox maker Allergan … More »Valeant, Ackman offer to buy Botox maker …

    A sample of Botox is seen at the Long Island Plastic Surgical Group at the Americana Manhasset luxury shopping destination in Manhasset

    Canada's Valeant Pharmaceuticals International Inc said on Tuesday it and activist investor Bill Ackman made an unsolicited $47 billion bid to buy Botox maker Allergan Inc as it seeks to become one of the world's five biggest drug companies. The offer, if successful, would bring together two mid-sized pharmaceutical companies …

  • File photo of rail cars loaded with Canadian wheat in the Rocky Mountains on the Canadian Pacific railway line near Banff, Alberta
    CN, CP Rail profits could leave sour … Reuters - Tue, 22 Apr, 2014

    Canada's two largest railroads reported stronger-than-expected profits on Tuesday, results that could prompt fresh criticism from farmers already unhappy with the handling … More »CN, CP Rail profits could leave sour …

    File photo of rail cars loaded with Canadian wheat in the Rocky Mountains on the Canadian Pacific railway line near Banff, Alberta

    Canada's two largest railroads reported stronger-than-expected profits on Tuesday, results that could prompt fresh criticism from farmers already unhappy with the handling of a massive crop backlog during one of the harshest winters in decades. Canadian Pacific Railway Ltd and Canadian National Railway Co have come under …

  • The AT&T logo is pictured by its store in Carlsbad, California
    AT&T ups revenue growth forecast on … Reuters - Tue, 22 Apr, 2014

    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 - Tue, 22 Apr, 2014

    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 - Tue, 22 Apr, 2014

    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 to cut five percent of … Reuters - Tue, 22 Apr, 2014
    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

    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) …