category

Earnings Report

What do markets think of new Fed decision?

Kaltbaum Capital Management President Gary Kaltbaum and Ladenburg Thalmann Asset Management CEO Phil Blancato weigh in on the latest Federal Reserve decision, today’s markets, earnings season and economic trends. 

Apple crushes June quarter earnings records

Apple announced Tuesday a new overall June quarter revenue record of $81.4 billion, a 36% year-over-year increase compared to $59.6 billion a year ago. The company posted a quarterly net profit of $21.7 billion, or $1.30 per diluted share, versus a profit of $11.2 billion, or 65 cents per diluted share, a year ago.

Tesla surpasses $1B profit for first time

The electric vehicle maker's second-quarter profit came in at $1.14 billion, or $1.02 per share, compared with $104 million or 10 cents a share, a year ago.