category

Earnings Report

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.

Shake Shack Stock Soars As Profit Doubles

Shake Shack Inc, known for indulgent antibiotic-free hamburgers, crinkle-cut fries and frozen custard shakes, on Wednesday said profits more than doubled, sending shares up 8.1 percent in extended trading.