Earnings

SYDNEY, Australia - Tim Bale's dairy farm barely broke even in six years as mergers of processors and competition between supermarkets Coles and Woolworths pushed down milk prices. So 14 months ago, he decided to cut out the middleman. "The milk...

The report of Apple avoiding corporate income taxes the past four years signals it's time to overhaul the U.S. corporate tax code. Like many multinationals with strong intellectual property, Apple legally earns nearly all of its income offshore. The U....

SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While...

BRUSSELS (Reuters) - SABMiller , the world's second biggest brewer, reported profit growth in line with expectations thanks to a surge in earnings in Latin America and Africa and said its markets should be broadly unchanged in the coming months. The...

(Corrects day of the week) * Headline EPS at 321 cents vs 245 cents * Revenue up 11 percent at 31.3 billion rand JOHANNESBURG, May 20 (Reuters) - South African industrial group Barloworld Ltd boosted first-half profit by a third on Monday, as a solid...

TOKYO (Reuters) - The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two...

Reporting financial results for the first time as a publicly traded company, SeaWorld Entertainment Inc. said Wednesday that its first-quarter sales jumped 12 percent, powered in large part by higher prices. The Orlando-based theme-park owner also...

(Corrects paragraph 2 to say net income rose to $822 million, not $1.24 million, from $734 million, not $1.11 million. Third-quarter earnings per share was $2.71, not 2.71 cents. The comparable figure for a year earlier was $2.42, not 2.42 cents) May...

Real-time equity news [E U] U.S. stock market report 0721 ET 22May2013-Economic and earnings diary for May 22 ----------------------------------------------------------------------------- Economic data expected on Wednesday includes existing home...

Target Corp., like many other retail rivals, was laid low in its first fiscal quarter by cold spring temperatures that discouraged seasonal shopping and caused the chain to underperform by even its own metrics. The Minneapolis company said sales at...

WASHINGTON — Apple Inc., one of the most successful and valuable companies on the planet, will be tested Tuesday when Chief Executive Tim Cook testifies about the company's controversial tax practices before a hostile Senate subcommittee. Should...

This post has been corrected. See the note at the bottom for details WASHINGTON -- Apple Inc. has used an elaborate web of offshore subsidiaries to avoid paying billions of dollars in U.S. taxes on $44 billion in foreign income over the past four years,...