DraftKings raises full-year guidance, expecting a return in sports

DraftKings clock at UFC venue. Source: DraftKings Sports-betting company DraftKings reported better-than-expected loss per share and revenue for its first quarter, and raised its full-year revenue guidance. Shares were down more than 1% in the premarket after an initial pop on the report. Here are the key numbers: Loss per share: 36 cents vs 42 cents … Read more

Lyft shows more signs of pandemic recovery with revenue up 7% over last quarter

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Ride-hailing company Lyft showed continued … Read more

Pinterest drops after missing on user growth expectations

Pinterest CEO Ben Silbermann speaks in conversation with Matthew Lynley of TechCrunch during the TechCrunch Disrupt SF 2017 on September 18, 2017 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Shares of Pinterest dropped more than 10% in after-hours trading on Tuesday after the company reported its first-quarter earnings, in … Read more

HSBC beats expectations, says pre-tax profit up 79% in the first quarter

Pedestrians wearing protective masks walk past a logo displayed at a HSBC bank branch in the central district of Hong Kong. Roy Liu| Bloomberg | Getty Images HSBC, Europe’s largest lender by assets, reported first-quarter pre-tax profits that beat estimates but reported revenue was down. The London-headquartered bank, which makes most of its revenue in … Read more

Southwest Airlines says leisure bookings improving, expects to break even in June

A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday said leisure travel bookings continue to rise and that it expects to break even “or better” by June. The Dallas-based airline posted first-quarter net income of $116 million, compared with a $94 million loss a … Read more

Chipotle earnings smash estimates as online sales overtake in-person orders

A person wearing a protective mask and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is hanging on to recent gains in digital sales as its online orders overtook those made inside its restaurants for the first time. First-quarter earnings … Read more

United reports fifth consecutive quarterly loss

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines on Monday reported its fifth consecutive quarterly loss, though travel demand has recently improved as vaccinations ramp up and governments loosen travel restrictions. The company posted a … Read more

Here’s what to expect from Coca-Cola earnings

A worker restocks a display of Coca-Cola Co. soft drinks at a store in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021. George Frey | Bloomberg | Getty Images Coca-Cola is expected to report its first-quarter results before the bell on Monday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: … Read more

Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve

A Delta Airlines Boeing 757-251 approaches Washington Ronald Reagan National Airport (DCA) in Arlington, Virginia on February 24, 2021. Daniel Slim | AFP | Getty Images Delta Air Lines on Thursday reported another quarterly loss but said it expects to reach break even in June as travel demand rebounds from a deep pandemic slump. Here’s … Read more

Goldman Sachs is set to report first-quarter earnings — here’s what the Street expects

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report first-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $10.22 per share, 229% higher than a year earlier, according to RefinitivRevenue: $12.6 billion, … Read more