category

Earnings Report

Sony sees recovery with a nearly quadrupling of profit

Sony's fiscal first quarter profit nearly quadrupled compared to a year ago, boosted by its lucrative image sensor and other businesses and highlighting a gradual recovery at the Japanese electronics and entertainment company.

Costco's quarterly profit, sales beat estimates

Wholesale club retailer Costco Wholesale Corp reported higher-than-expected quarterly profit and revenue on Thursday, as it hiked membership fees and sold more products in the United States.

In JP Morgan's 3Q, consumer banking offsets drop in trading

JPMorgan Chase & Co. third-quarter profits rose 7 percent from a year earlier, as the bank as able to increase revenue in its consumer banking business even though the company had to set aside additional funds to cover bad loans, most notably in its credit card division.

Amazon, tech surge drive big Nasdaq gains

Strong earnings from tech giants and Apple's upbeat statement on its iPhone X demand lifted the Nasdaq Composite index 2 percent and led the gains on Wall Street.