Visa profit beats estimates as holiday shopping drives rebound

© Reuters. View shows Visa credit cards By Noor Zainab Hussain (Reuters) – Visa Inc (NYSE:) beat Wall Street estimates for quarterly profit on Thursday, as its customers shopped online during Christmas and New Year holidays, driving a recovery in payment volumes from the coronavirus-induced slump. A surge in online shopping helped the world’s biggest […]

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Kinder Morgan beats estimates, flags concerns on spending by shale producers

© Reuters. FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston (Reuters) – Pipeline operator Kinder Morgan Inc (NYSE:) on Wednesday raised concerns over the pace of ramp-up in spending in top U.S. shale basins following a rebound in oil prices after beating Wall Street estimates […]

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Tesla 2020 deliveries beat estimates, but fall just short of Musk’s target

© Reuters. FILE PHOTO: CEO of Tesla Motors Elon Musk poses during a television interview after his company’s initial public offering at the NASDAQ market in New York (Reuters) – Tesla (NASDAQ:) Inc on Saturday reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year […]

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McDonald’s beats revenue estimates on U.S. drive-thru demand

© Reuters. The logo of a McDonald’s Corp restaurant is seen in Los Angeles (Reuters) – McDonald’s Corp (N:) beat third-quarter revenue estimates on Monday, as customers in the United States ordered its hamburgers and fries in drive-thru outlets and on delivery apps to avoid dining out during the COVID-19 pandemic. The company’s limited-time promotional […]

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Taco Bell growth helps Yum beat comparable sales estimates

© Reuters. FILE PHOTO: A Kentucky Fried Chicken (KFC) bucket of mixed fried and grilled chicken is seen in this picture illustration (Reuters) – Yum Brands Inc (N:) reported a smaller-than-expected drop in comparable sales on Thursday, helped by a spike in online orders for its tacos as pandemic fears kept customers at home. Fast-food […]

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Costco beats estimates as high COVID-19 costs weigh on shares

© Reuters. The spread of the coronavirus disease (COVID-19) in Pennsylvania (Reuters) – Costco Wholesale Corp (O:) recorded high coronavirus-related costs for the second straight quarter, overshadowing its better-than-expected results and sending the company’s shares down 3% in extended trading on Thursday. The warehouse chain spent about $ 281 million on employee bonuses and sanitizing […]

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