— The Bank of New York Mellon Corp. (NYSE: BK) reported adjusted earnings of $1.01 per share for the fourth quarter of 2019, in line with the estimates. — Net income increased to $1.39 billion or $1.52 per share from $832 million or $0.84 per share last year — Total revenues advanced to $4.79 billion…
— Aluminum supplier Alcoa Corporation (NYSE: AA) reported an adjusted loss of $0.31 per share for the fourth quarter of 2019, vs. $0.23 per share loss expected. — Unadjusted net loss was $303 million or $1.63 per share for the quarter, compared to a profit of $51 million or $0.27 per share in the fourth…
Avid Technology Inc. (NASDAQ: AVID) stock has been trading near the yearly high of $10.79. The stock has risen over 87% in the past year and over 39% in the past three months while falling over 12% in the past six months. The stiff competition in the market could turn out to be a major…
While most of its peers struggled with the tariff dispute last year, Fastenal Company (NASDAQ: FAST) managed to stay resilient to the US-China trade conflict. When the industrial distributor reports its fourth-quarter results Friday before the opening bell, market watchers will be looking for earnings of $0.32 per share, which represents a 10% year-over-year growth.…
Zedge Inc (NYSE: ZDGE) probably needs no introduction. The firm’s mobile phone personalization app has been quite popular since the Symbian era. Zedge, which features regularly among the lists that collate the most popular apps, had around 34 million monthly active users (MAU) at the end of fiscal 2019. With changing user preferences and the…
— Organigram Holdings Inc. (NASDAQ: OGI) reported a net loss from continuing operations of $9 million for the first quarter of 2020, vs. a profit of $29.5 million last year. — Loss per share was $0.006, compared to earnings per share of $0.195 per share in the year-ago period — First-quarter net revenues more than…
Goldman Sachs Group Inc. (NYSE: GS) reported a 26% dip in earnings for the fourth quarter of 2019 due to higher operating expenses. The bottom line missed analysts’ expectations while the top line exceeded consensus estimates. Net income applicable to common shareholders plunged by 26% to $1.72 billion or $4.69 per share. Total revenue climbed…
— U.S. Bancorp (NYSE: USB) reported its fourth-quarter 2019 earnings of $0.90 per share versus $1.08 per share expected. — The results included restructuring charges including severance and certain asset impairments, and increased derivative liability related to Visa shares, from their initial public offering, previously sold by the company. — Total net revenue declined by…
Bank of America (NYSE: BAC) reported stronger-than-expected earnings for the fourth quarter of 2019, despite a decline in revenues amid broad-based weakness. Shares of the financial services giant gained slightly during Wednesday’s premarket session, immediately after the announcement. Total revenue, net of interest expense, decreased 1% to $22.3 billion from $22.7 billion in the fourth…
— The PNC Financial Services Group Inc. (NYSE: PNC) reported Q4 2019 earnings of $2.97 per share, vs. $2.93 expected. — Revenues grew 3% to $4.6 billion, vs. $4.4 billion expected. — Net interest income decreased 1% to $2.5 billion. — Net interest margin fell 6 basis points to 2.78%. — Non-interest income increased 7%…