AT&T's fourth-quarter wireless subscriber growth surpassed expectations on Monday, fueled by strong demand for its discounted premium plans combining 5G mobile with high-speed fiber data services. The U.S. telecom giant added 482,000 net monthly bill-paying wireless phone subscribers in the holiday quarter, outpacing analysts' estimated gains of 424,550, according...
Bank of America tops estimates on better-than-expected investment banking, interest income
Bank of America on Thursday posted results that topped expectations for profit and revenue on better-than-expected investment banking and interest income. Here's what the company reported: Earnings: 82 cents vs. 77 cents expected, according to LSEG Revenue: $25.5 billion vs. $25.19 billion expected The company said fourth-quarter profit more than...
Darden Restaurants stock climbs as Olive Garden, LongHorn Steakhouse fuel sales growth
Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts' expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse. Shares of the company closed up 14% on Thursday. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by...
FedEx to spin off its freight trucking business
A driver of FedEx stands with packages near a delivery truck during Black Friday preparations in the Georgetown neighborhood of Washington, U.S., November 26, 2024. Benoit Tessier | Reuters FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its...