Earnings reports

January 07, 2021 - 8:30 am

Walgreens tops fiscal 1Q forecasts as it fights pandemic hit

Walgreens Boots Alliance lost $308 million in its first fiscal quarter due to a big charge tied to its ownership stake in the drug wholesaler AmerisourceBergen. The drugstore chain also saw COVID-19 continue to eat away at its business, particularly in the United Kingdom, but the company’s overall...
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FILE - In this June 25, 2019, file photo, a FedEx delivery truck is loaded by an employee on the street in downtown Cincinnati. FedEx is off to a fast start during the holiday-shipping season. The company said Thursday, Dec. 17, 2020, that its quarterly profit more than doubled to $1.23 billion. Revenue is up 19%, led by growth in its ground business that handles packages. (AP Photo/John Minchillo, File)
December 17, 2020 - 7:23 pm

Demand for deliveries pushes FedEx 2Q profit to $1.2 billion

FedEx Corp. more than doubled its profit in the latest quarter, as holiday packages were being stuffed into delivery trucks alongside everyday goods that people buy online to avoid visiting stores during the pandemic. The delivery giant said Thursday it earned $1.23 billion in its fiscal second...
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December 15, 2020 - 5:45 am

Virus resurgence hits H&M sales, cuts promising recovery

STOCKHOLM (AP) — Swedish fashion retailer H&M says its sales fell 10% in the fourth quarter as the second wave of the COVID-19 pandemic stalled consumer spending, cutting short a promising recovery seen in the third quarter. The Stockholm-based company said Tuesday ahead of reporting full...
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December 03, 2020 - 8:35 am

Scandinavian Airlines: slow return to travel despite vaccine

STOCKHOLM (AP) — Scandinavian Airlines says the outlook for travel in 2021 remains bleak and a recovery in flight traffic from the pandemic will be slow, even if the upcoming roll-out of coronavirus vaccines provides hope. The airline, which is known as SAS and is partially owned by the governments...
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November 24, 2020 - 8:49 am

Best Buy reports 3Q results that exceed Wall Street views

NEW YORK (AP) — Best Buy Co. reported fiscal third-quarter results that blew through analysts' expectations as the nation's largest retailer enjoyed surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the pandemic. The...
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In this photo, provided by the New York Stock Exchange, specialist Dilip Patel, left, works with a trader on the floor of the NYSE, Thursday, Nov. 19, 2020. U.S. stocks are drifting in mixed trading on Thursday, as Wall Street's tug of war continues between worries about the worsening pandemic in the present and optimism that a vaccine will come in the future. (Courtney Crow/New York Stock Exchange via AP)
November 19, 2020 - 12:10 pm

Stocks drift amid investors’ tug of war between hope, fear

NEW YORK (AP) — U.S. stocks are drifting in mixed trading on Thursday, as Wall Street’s tug of war continues between worries about the worsening pandemic in the present and optimism that a vaccine will rescue the economy in the future. The S&P 500 fell 0.2% in midday trading after earlier...
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FILE - In this Wednesday, Aug. 19, 2020 file photo, AP Moeller-Maersk A/S company CEO Soeren Skou, gives press conference after the group published accounts for the second quarter, at the head office on the Esplanade in Copenhagen, Denmark. The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that global container volumes increased by around 1% in the third quarter, a faster rebound than expected earlier in the year. CEO Soeren Skou said that “despite COVID-19 negatively affecting activities in most of our businesses, our disciplined execution of the strategy led to solid earnings and cash flow growth in Q3.” (Martin Sylvest/Ritzau Scanpix via AP, File)
November 18, 2020 - 5:53 am

World's biggest shipper remains wary of pandemic

COPENHAGEN, Denmark (AP) — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that global container volumes increased by around 1% in the third quarter, a faster rebound than expected earlier in the year. However, global demand for containers is expected to contract...
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FILE - In this Monday, March 30, 2020 file photo, a large number of easyJet aircrafts parked on the tarmac of the Geneve Aeroport, in Geneva, Switzerland. British airline easyJet has posted its first full-year loss in its 25-year history as a result of the coronavirus pandemic. It laid out hope, however, that the rollout of vaccines will help it bounce back strongly next year. The airline reported a pretax loss of 1.27 billion pounds ($1.7 billion) for the year through September compared with a profit of 430 million pounds for the previous year. P (Salvatore Di Nolfi/Keystone via AP, File)
November 17, 2020 - 6:06 am

EasyJet posts first annual loss in 25-year history

LONDON (AP) — British airline easyJet has posted its first full-year loss in its 25-year history as a result of the coronavirus pandemic but laid out hope that the rollout of vaccines will help it bounce back strongly next year. The airline reported Tuesday a pretax loss of 1.27 billion pounds ($1...
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A man wears a face shield while playing a slot machine at the Golden Nugget casino in Atlantic City, N.J. on July 2, 2020. A report released Nov. 16, 2020 by the national trade association for the U.S. casino industry found that America's casinos won 81% of the amount of money during the third quarter of this year that they did in the third quarter of 2019, when there was no virus pandemic. (AP Photo/Wayne Parry)
November 16, 2020 - 3:57 pm

US casinos recovering from virus, but challenges remain

ATLANTIC CITY, N.J. (AP) — America's casinos are recovering from months of closures necessitated by the coronavirus outbreak, having regained 81% of the gambling revenue they saw in the third quarter of last year, the casinos' trade association said Monday. But that recovery is threatened in places...
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People walk by a SoftBank shop in Tokyo, Monday, Nov. 9, 2020. Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. (AP Photo/Koji Sasahara)
November 09, 2020 - 4:45 am

Japan's SoftBank back in the black as investments improve

TOKYO (AP) — Japanese technology company SoftBank Group Corp. said Monday it bounced back to profitability in the last quarter as its investments improved in value. The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700...
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