Business

P&G earnings beat as struggling retailers, costs eat into margins

(Reuters) - The world's largest consumer goods maker Procter & Gamble Co narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins.

Business

Sky reports strong quarter before bid battle steps up

LONDON (Reuters) - Sky , the pay-TV group at the center of a takeover battle between Fox, Disney and Comcast, reported a strong third quarter on Thursday, underlining its appeal to rival U.S. entertainment groups who want to expand in Europe.

Business

China's ZTE delays earnings release following U.S. export ban

(Reuters) - Chinese smartphone maker ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. government order that bans American companies from selling it parts.

Top News

U.S. stock futures rise as first quarter earnings off to strong start

(Reuters) - U.S. stock futures rose on Wednesday after the latest batch of results including Wall Street bank Morgan Stanley added to optimism about the U.S. corporate reporting season.

Business

Wall Street rises as strong Netflix, Goldman earnings impress

(Reuters) - Wall Street indexes rose on Tuesday as strong earnings from Netflix, Goldman Sachs and healthcare companies boosted optimism over what is expected to be the strongest earnings season in seven years.

Business

Asia stocks edge up on easing Syria tensions; focus on earnings, China GDP

TOKYO (Reuters) - Asia stocks edged higher on Tuesday, tracking Wall Street gains as the focus shifted to corporate earnings and looming economic data from China amid signs Western-led strikes on Syria weren't likely to escalate.

Business

Wall Street eyes earnings stabilizer after FAANG stocks wobble

(Reuters) - Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG group of stocks back into favor and take the spotlight off worries that caused the recent sell-off in the high-flying group.

Business

GE takes $4.2 billion charge, restates earnings

NEW YORK (Reuters) - General Electric Co said on Friday it will take a charge of $4.24 billion in the first quarter and reduce earnings over the last two years by 30 cents a share, figures in line with expectations the company set earlier this year when

Business

Wall Street opens higher on earnings optimism

(Reuters) - The main U.S. indexes opened more than 0.5 percent higher on Thursday as expectations that lower U.S. taxes would fuel corporate earnings added to a slight easing of nerves over Syria conflict.

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