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Earnings reports

November 07, 2019 - 1:42 am

Toyota reports profit growth on healthy global sales

TOKYO (AP) — Japan's top automaker Toyota has seen a 1% rise in July-September profit as vehicle sales grew around the world. Toyota Motor Corp. reported Thursday a profit of 592 billion yen ($5.4 billion) for the second fiscal quarter, up from 585 billion yen last year. Toyota, which makes the...
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FILE - In this May 30, 2019, file photo, signs advertise new products available inside a CVS store with the new HealthHUB in Spring, Texas. CVS Health reports financial results Wednesday, Nov. 6. (AP Photo/David J. Phillip, File)
November 06, 2019 - 7:01 am

CVS gets a booster shot from Aetna, revenue soars

CVS Health revenue surged more than 36% in the third quarter, nearly a year after acquiring one of the nation's largest health insurers. The drugstore chain and pharmacy benefit manager also said Wednesday that it filled more prescriptions as net income climbed 10% to $1.53 billion in a performance...
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ADDS TRANSLATION - SoftBank founder and Chief Executive Officer Masayoshi Son speaks during a news conference in Tokyo Wednesday, Nov. 6, 2019. Japanese technology company SoftBank Group Corp. said Wednesday, it has tumbled into losses for the second quarter over money-losing investments, including a bailout for office-space sharing startup WeWork. The letter reads: Deficit. (Kyodo News via AP)
November 06, 2019 - 3:45 am

Japan's SoftBank tumbles into losses over costly investments

TOKYO (AP) — Japanese technology company SoftBank Group Corp. tumbled into losses in the last quarter as its earnings were hammered by money-losing investments, including a bailout for office-space sharing startup WeWork that SoftBank's founder, Masayoshi Son, said he was regretting. The Tokyo-...
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November 06, 2019 - 2:47 am

New SUV models boost BMW profits despite technology costs

FRANKFURT, Germany (AP) — Automaker BMW reported Wednesday that net profit increased 11.5 percent from a year ago to 1.55 billion euros ($1.72 billion) in the third quarter, helped by a rejuvenated model line and the absence of last year's market disruptions due to troubles with diesel cars...
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FILE- In this Dec. 10, 2017, file photo Jacksonville Jaguars running back T.J. Yeldon warms up wearing Under Armour cleats before an NFL football game against the Seattle Seahawks in Jacksonville, Fla. A strong quarter from Under Armour is being overshadowed by a federal investigation into the company’s accounting practices. The athletic gear maker reported better than expected profit and revenue for the third quarter Monday, Nov. 4, 2019, but shares are down 13% before the opening bell. (AP Photo/Stephen B. Morton, File)
November 04, 2019 - 12:01 pm

Under Armour's strong numbers drowned out by investigation

BALTIMORE (AP) — A strong quarter from Under Armour was overshadowed by federal investigations into the company's accounting practices. The company also lowered its revenue expectations for the year Monday. The probe, first reported by The Wall Street Journal, is seeking information that would...
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November 04, 2019 - 6:11 am

Ferrari raises earnings forecast on strong deliveries

MILAN (AP) — Ferrari has raised its earnings forecast, citing a robust third-quarter performance including a 9% increase in deliveries. The sportscar maker said Monday that net profit was 169 million euros ($188 million). That was down from 287 million euros a year earlier, when Ferrari benefited...
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November 03, 2019 - 7:06 pm

Federal investigators probe Under Armour's accounting

NEW YORK (AP) — Under Armour Inc. is being investigated by federal authorities over its accounting practices. The athletic gear company said Sunday that it has been cooperating with the U.S. Securities and Exchange Commission and the U.S. Department of Justice on their investigations for two years...
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FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Berkshire Hathaway Inc. reports earnings on Saturday, Nov. 2. (AP Photo/Nati Harnik, File)
November 02, 2019 - 5:14 pm

Berkshire Hathaway's third-quarter profits decline 11%

OMAHA, Neb. (AP) — Warren Buffett's company reported Saturday that it saw an 11% decline in third-quarter profits because of a smaller increase in the paper value of its investments, even as it sits on a mountain of cash. Berkshire Hathaway said it made $16.52 billion, or $10,119 per Class A share...
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FILE - In this June 26, 2019, file photo a Mobil gas pump displays the various types of fuel and their prices at this Flowood, Miss., station. Exxon Mobil Corp. reports financial results Friday, Nov. 1. (AP Photo/Rogelio V. Solis, File)
KNSS News
November 01, 2019 - 11:01 am

Exxon Mobil profit falls 49% as oil and gas prices decline

NEW YORK (AP) — Exxon Mobil's profits fell dramatically in the third quarter as the company was hurt by lower prices for crude oil and natural gas. The Texas oil giant reported $3.17 billion in profits in the third quarter Friday, down 49% from the same time last year. Total revenue was $65.05...
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FILE - In this June 26, 2019, file photo a Mobil gas pump displays the various types of fuel and their prices at this Flowood, Miss., station. Exxon Mobil Corp. reports financial results Friday, Nov. 1. (AP Photo/Rogelio V. Solis, File)
November 01, 2019 - 7:30 am

Exxon profit plummets with plenty of oil to go around

IRVING, Texas (AP) — Exxon Mobil's profit tumbled with crude prices down about 15% from where they were last year, though a $300 million boost from a tax-related item helped. Exxon Mobil Corp. on Friday reported net income of $3.17 billion, or 75 cents per share. Those per-share earnings were 68...
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