Tag: Earnings reports
United Airlines stock plunges after another big loss
Shares of United Airlines tumbled by 8.5% Tuesday after the airline reported a larger first-quarter loss than expected and suggested that key business and...
Chipmaker TSMC says profit up 16.7% as demand revives
TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the world’s biggest contract manufacturer of processor chips, said Thursday quarterly profit rose 16.7% over a year...
Delta posts $1.2 billion loss says it’s flying into recovery
Delta Air Lines lost $1.2 billion in the first quarter but executives said Thursday that the airline could be profitable by late summer if...
Wells Fargo profit jumps to $4.74 billion in first quarter
Wells Fargo & Co. says first-quarter net income jumped to $4.74 billion from $653 million a year earlier, when the pandemic struck the global...
Wells Fargo earned $4.74 billion in Q1, topping estimates
SILVER SPRING, Md. — Wells Fargo had its best quarter in a year and a half, posting a profit of $4.74 billion and freeing...
UK supermarket giant Tesco sees profit dented by COVID costs
LONDON — Tesco, Britain's biggest supermarket, said Wednesday its profits slid by a fifth over the past year as higher costs related to the...
Banks to see big profits as COVID ‘bad’ loans become ‘good’
NEW YORK — The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and...
Virus knocks 80% off Atlantic City casino profits in 2020
ATLANTIC CITY, N.J. — The coronavirus outbreak sent profits plunging at Atlantic City's casinos by more than 80% last year, according to figures released...
Ryanair sees break-even earnings amid slow COVID-19 recovery
LONDON — Ryanair, Europe’s biggest discount airline, says earnings for the current fiscal year are likely to be “close to breakeven” as continued travel...
Credit Suisse foresees $4.7B charge over hedge fund default
GENEVA — Swiss bank Credit Suisse on Tuesday announced the departure of two top executives and said it expects a one-time charge of 4.4...