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Earnings Report

BP Misses Quarterly Profit Expectations

British oil major BP reported a lower than expected profit for the second quarter due to weak refining margins and oil prices, prompting another cut to its 2016 investment budget to below $17 billion.

BP Misses Quarterly Profit Expectations

British oil major BP reported a lower than expected profit for the second quarter due to weak refining margins and oil prices, prompting another cut to its 2016 investment budget to below $17 billion.

Nintendo in Wider-Than-Expected 1Q Loss

Japan's Nintendo booked an operating loss in the first quarter, hurt by unfavorable currency rates although hopes for long-term growth are running high on the worldwide success of Pokemon GO.

Shell Misses Estimates as Earnings Plunge 70%

Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analyst estimates, blaming weak oil prices, poor refining profits and higher charges resulting from its $54 billion acquisition of BG Group.