Earnings estimates

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday, July 27, 2020 it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank's stock. (AP Photo/Nati Harnik, File)
August 08, 2020 - 4:30 pm
OMAHA, Neb. (AP) — Warren Buffett's company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business because of the...
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FILE - A woman wearing a mask walks her dog past the New York Stock Exchange, Tuesday, June 30, 2020. Stocks are drifting in early trading on Wall Street Thursday, Aug. 6, after a report suggested that the number of layoffs across the country is slowing, though it remains incredibly high. (AP Photo/Mark Lennihan)
August 06, 2020 - 4:32 pm
NEW YORK (AP) — Stocks perked higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high. The S&P 500 rose 21.39, or 0.6%, to 3,349.16, as investors also waited for Congress and the White House to reach a hoped-for...
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A man lifts his arm as he walks by the New York Stock Exchange, Thursday, July 30, 2020. Stocks are falling on Wall Street Thursday after reports showed that layoffs are continuing at a stubborn pace and that the U.S. economy contracted at a nearly 33% annual rate in the spring. (AP Photo/Mark Lennihan)
July 30, 2020 - 4:08 pm
NEW YORK (AP) — Wall Street closed broadly lower Thursday, but another indefatigable rise for big tech stocks helped the market trim its losses from earlier in the day. The S&P 500 lost 0.4%, and nearly three quarters of the stocks in the index fell. Among the hardest-hit were banks, oil...
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FILE- In this April 23, 2018, file photo, the logo for General Motors appears above a trading post on the floor of the New York Stock Exchange. Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April 2020 through June. The Detroit automaker had to close its plants from March 18 to May 18 due to the coronavirus, but production didn’t resume fast enough to hold off a net loss. (AP Photo/Richard Drew, File)
July 29, 2020 - 1:06 pm
DETROIT (AP) — Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April through June. The Detroit automaker closed its plants on March 18 and they remained idle for two months due to the coronavirus...
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A woman wearing a face mask stands beneath a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, July 28, 2020. Shares advanced in Asia on Tuesday after U.S. stocks resumed their upward march on Wall Street, while the price of gold pushed to nearly $1,970 per ounce. (AP Photo/Vincent Yu)
July 28, 2020 - 5:20 pm
Stocks pulled lower on Wall Street Tuesday following a mixed set of earnings reports from dozens of big U.S. companies. The S&P 500 fell 20.97 points, or 0.6%, to 3,218.44 after a last-hour slide erased a small gain from earlier in the day. Caution across markets also helped send Treasury...
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FILE - This Nov. 25, 2019 photo shows IQOS heated cigarette heatsticks displayed in an IQOS store in Richmond, Va. Altria said Tuesday, July 28, 2020, that cigarette sales continue to decline as it pushes to expand sales of an alternative heated-tobacco product. The tobacco giant's second-quarter profit fell slightly but still beat Wall Street expectations when adjusted for one-time expenses. (AP Photo/Steve Helber, File)
July 28, 2020 - 11:02 am
WASHINGTON (AP) — Marlboro-maker Altria said Tuesday that cigarette sales continued to decline in its last quarter as the company pushed to expand sales of an alternative heated-tobacco product. The Richmond, Virginia-based company reported second-quarter profit of $1.94 billion, or $1.04 per share...
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FILE - This April 26, 2017, file photo shows the Twitter app icon on a mobile phone in Philadelphia. Twitter says an elected Dutch official was among 36 account holders whose direct message inboxes were accessed by hackers in a recent cyberattack. The politician, anti-Islam lawmaker Geert Wilders, said Thursday, July 23, 2020, he was informed by Twitter that his account was compromised by a hacker, who posted tweets on his account and sent false direct messages in his name. (AP Photo/Matt Rourke, File)
July 23, 2020 - 6:51 pm
LONDON (AP) — The global pandemic and U.S. protests are forcing a pullback by advertisers on Twitter, but it's also led to an unprecedented surge of users. Average daily user growth spiked 34% in the second quarter, the company said Thursday, the largest jump in users ever recorded by the company...
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FILE - This April 12, 2016 file photo shows the Microsoft logo in Issy-les-Moulineaux, outside Paris, France. Ongoing demand for Microsoft's cloud computing services help softened the blow of the coronavirus pandemic on the software giant's other products during the first three months of the year. The company on Wednesday, April 29, 2020 reported fiscal third-quarter profit of $10.75 billion, up 22% from the same period last year. Net income of $1.40 per share beat Wall Street expectations of $1.27 a share. (AP Photo/Michel Euler, File)
July 22, 2020 - 5:25 pm
REDMOND, Wash. (AP) — Microsoft said the coronavirus pandemic has increased demand for its flagship products, reporting quarterly earnings Wednesday that beat Wall Street expectations. The software giant said an ongoing trend of working and learning from home has fueled increased demand for its...
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A currency trader wearing a face mask watches computer monitors near the screens showing the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Friday, July 17, 2020. Asian stock markets rebounded Friday after Wall Street closed lower amid uncertainty about the U.S. economic outlook. (AP Photo/Lee Jin-man)
July 17, 2020 - 4:33 pm
NEW YORK (AP) — Wall Street ticked higher Friday to close out its third straight winning week, one punctuated by hopes that the economy can continue to steady itself despite the pandemic. The S&P 500 rose 9.16 points, or 0.3%, to 3,224.73 after yet another day of wobbly trading. The Dow Jones...
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July 16, 2020 - 8:09 am
Johnson & Johnson had a surprisingly strong second quarter and bumped up its 2020 forecast even after COVID-19 contributed to a 40% drop in U.S. medical device sales. Growing pharmaceutical sales, also in the U.S., helped the world’s biggest health products maker counter damage from the...
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