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Earnings Forecasts

A collection of news and information related to Earnings Forecasts published by this site and its partners.

Top Earnings Forecasts Articles

Displaying items 1-11
  • Wells Fargo mortgage revenue drops, shares fall

    (Reuters) - Wells Fargo & Co, the fourth-largest U.S. bank, reported a 39 percent drop in mortgage revenue for the second quarter as lending volume dropped, underscoring the urgency for the bank to find other sources of income growth. The bank managed to...
  • Global stock indexes up slightly as Portugal fears ebb; oil down sharply

    Global stock indexes up slightly as Portugal fears ebb; oil down sharply
    NEW YORK (Reuters) - Major global equities markets edged higher and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East....
  • Potbelly's shares tumble as 2nd-quarter sales disappoint

    Potbelly's shares tumble as 2nd-quarter sales disappoint
    Shares of Potbelly Corp. lost one-fourth of their value Thursday, after the Chicago-based sandwich chain gave a bleak report on its latest quarter and slashed expectations for the year. Even as Wall Street analysts cut their forecasts, some said they...
  • Wells Fargo profit rises 3.8% as home lending regains some traction

    No. 1 mortgage lender Wells Fargo & Co. kicked off the bank earnings season with a 3.8% increase in profit in a report that sent modestly positive signals about Main Street lending and the housing market. Wells Fargo had second-quarter net income of $5....
  • Chevron expects second-quarter profit to rise

    (Reuters) - Chevron Corp expects second-quarter profit to rise as asset sales in Chad and elsewhere offset spiking currency charges, the No. 2 U.S. oil company said on Thursday. Output from oil and natural gas wells rose in the United States but...
  • Potbelly shares plunge 25% on lower forecast

    Potbelly shares plunge 25% on lower forecast
    Shares of Chicago-based Potbelly Corp. lost roughly one-fourth of their value in Thursday morning trading, the day after the sandwich chain gave a bleak report on its latest quarter and slashed its expectations for the year. Some Wall Street analysts...
  • U.S. banks to lose profit cushion of releasing bad-loan reserves

    NEW YORK (Reuters) - A popular way for big U.S. banks to boost profits may have run its course. The practice of dipping into funds set aside for bad loans, known as releasing loan-loss reserves, has helped the industry weather weak loan demand and...
  • U.S. airlines signal solid demand ahead of earnings

    (Reuters) - American Airlines Group, Southwest Airlines and United Continental Holdings on Wednesday cited growth in an important revenue measure during the second quarter, signaling that demand for air travel is solid during the summer. Unit revenue,...
  • Gigamon cuts revenue forecast, shares fall

    (Reuters) - Network traffic management software maker Gigamon Inc cut its second-quarter revenue forecast, citing difficulty in closing deals. The company's shares fell as much as 28 percent to $13.00 in extended trading. Gigamon now expects revenue...
  • Alcoa sees bigger aluminum deficit on China cutbacks

    NEW YORK (Reuters) - Alcoa Inc has increased its estimate for the global aluminum market deficit this year due to capacity cuts in China, the world's No. 1 producer, a senior executive said on Tuesday in a conference call to discuss second-quarter...
  • Philips warns healthcare unit will miss forecast earnings

    AMSTERDAM (Reuters) - Philips warned its healthcare business would miss forecast earnings but went some way to reassure investors by adding its chief executive would take direct charge of the unit, which contributes 40 percent of company revenues. The...