[ad_1] Adam Galica | CNBC Chuck Robbins, CEO of Cisco, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Cisco shares rose in extended trading on Wednesday after the manufacturer of networking equipment reported quarterly revenue and earnings that beat analysts’ estimates. Here are the key numbers for Cisco’s fiscal second quarter:…
[ad_1] Wall Street bear Peter Boockvar warns that 2019’s market rally is flawed, and a major setback will slam stocks. His chief reasons include sluggish global growth, the earnings slowdown and a fuzzy economics picture. “I would be fading this rally thinking that it’s more of a bear market bounce rather than this is the…
[ad_1] Yelp shares jumped more than 7 percent after releasing its earnings report Wednesday where it announced it is increasing its share buyback by $250 million. The company handily beat analyst expectations on both revenue and earnings per share. Here are the numbers Yelp posted compared to analyst expectations: Earnings per share: $0.37 per share…
[ad_1] Troy Harvey | Bloomberg | Getty Images Attendees play the Activision Blizzard Inc. Call Of Duty: Black Ops 4 video game at the company’s booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Activision Blizzard reported mixed fourth-quarter results Tuesday and offered weak guidance for the…
[ad_1] NEW YORK (Reuters) – The benchmark S&P 500 index and the Nasdaq edged upward to snap a two-day losing streak on Friday as positive corporate results offset lingering skepticism over the United States and China reaching a trade deal before the March 1 deadline. A screen displays a chart tracking the Dow Jones Industrial…
[ad_1] Twitter reported earnings for its fourth quarter 2018 Thursday, posting revenue and GAAP earnings per share that beat estimates and monthly active users that roughly met analyst expectations. The stock was bouncing around following the news, but was mostly up slightly. Here’s what Twitter reported: Earnings per share: 31 cents ex-items vs. 25 cents…
[ad_1] Sonos plunged more than 11 percent in after hours trading Wednesday after reporting its Q1 2019 earnings and announcing its Chief Financial Officer Michael Giannetto plans to retire. In an SEC filing, the company said Giannetto will continue in his role until the company appoints a successor. Sonos reported earnings per share of $0.55…
[ad_1] “For the typical company, are they seeing a problem? The answer is not really. You can get a few bad apples distort the underlying trend,” said Patrick Palfrey, U.S. equities strategist at Credit Suisse. Palfrey said many companies could be growing at 5 percent to 6 percent, above the trend of very low single…
[ad_1] (Reuters) – Wall Street dipped on Wednesday as disappointing forecasts from videogame makers pulled the communications sector lower, but a boost from technology companies kept the main indexes near two-month highs. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 4, 2019. REUTERS/Brendan…
[ad_1] Wall Street analysts were mostly caught off guard by Snap‘s better than expected earnings report after the bell on Tuesday. The technology and social media company posted a solid quarter showing a more stable user base. Shares were up 24 percent at the open to $8.77, but most analysts remained negative on the stock.…
[ad_1] Dutch navigation company TomTom on Wednesday beat expectations with a rise in fourth-quarter core earnings and issued its first forecasts as a more focused supplier of digital maps to automakers and software companies. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to EUR 43.6 million ($49.65 million) from 38 million a year earlier, said…
[ad_1] FILE PHOTO: The Mercedes-Benz logo is seen before the company’s annual news conference in Stuttgart, Germany, REUTERS/Michaela Rehle/File Photo STUTTGART (Reuters) – Daimler’s fourth-quarter operating profit fell 22 percent as trade wars and ballooning costs for developing electric and self-driving cars hit profits at Mercedes-Benz cars, the company said on Wednesday. Daimler said the…
[ad_1] Snap was able to maintain its user base at 186 million daily active users, flat from the previous quarter. Analysts were expecting the company’s user base to continue shrinking as it had over the past two quarters. The promising results come at a crucial time for the Los Angeles tech company, which had a…
[ad_1] Walt Disney reported earnings per share and revenue that topped analyst estimates Tuesday, helped by sales increases in its media networks and theme parks businesses, as the company said its sports streaming service ESPN+ now has 2 million paid subscribers. The earnings report comes as the entertainment giant expands its direct-to-consumer offerings amid growing…
[ad_1] Patrick T. Fallon | Bloomberg | Getty Images Andrew Wilson, chief executive officer of Electronic Arts Inc. (EA), speaks during the company’s EA Play event ahead of the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Saturday, June 10, 2017. EA fell more than 14 percent after hours after reporting its third-quarter…
[ad_1] Independent research firm Bespoke Investment has uncovered an earnings trend that hasn’t happened since the bull market started. According to its co-founder Paul Hickey, companies are seeing their strongest stock price performances on the days they’re reporting earnings in a decade. “The average return of companies reporting earnings so far this earnings season has…
[ad_1] Despite the upheaval, Disney did not change the film’s May 10 release date. “Solo” was sandwiched between two of Disney’s big summer films: “Avengers: Infinity War” and “The Incredibles 2” and hit theaters a week before “Deadpool 2.” “There was too much crossing of the streams, to quote another franchise,” Shawn Robbins, senior analyst…
[ad_1] Bloomberg | Bloomberg | Getty Images Sundar Pichai, chief executive officer of Google Inc., attends a news conference in New Delhi, India, on Wednesday, Jan. 4, 2017. Alphabet appears to have spooked investors with its fourth-quarter earnings report Monday. The stock shed 3 percent immediately after the report and opened in negative territory Tuesday.…
[ad_1] Alphabet reported fourth-quarter results Monday that beat expectations across the board. Still, the stock fell 3 percent in extended trading, on continuing pressure on advertising prices and decreasing margins. Here’s how the company did compared with Wall Street estimates: Earnings: $12.77 per share vs. $10.82 according to Refinitiv consensus estimates Revenue: $39.28 billion vs.…
[ad_1] However, investors might have been just ignoring the bad news because the growth estimates in 2019 are pointing to a big deceleration. Wall Street analysts are slashing their estimates for the next quarter at a record pace. According to FactSet, the first-quarter bottom-up earnings per share estimate has dropped by 4.1 percent during January,…
[ad_1] NEW YORK (Reuters) – U.S. companies are beating analysts’ expectations this earnings season, but to a smaller degree than normal, and S&P 500 companies are now barely expected to eke out an increase in profits for the first quarter of 2019. FILE PHOTO: A street sign for Wall Street is seen outside the New…
[ad_1] Despite the scandals and controversies, Facebook analysts agree on one thing: The social media giant keeps growing with no sign of slowing down. Analysts also agree that by all metrics, the company exceeded expectations posting strong fourth-quarter numbers after the bell on Wednesday. Analysts pointed out that advertisers continue to spend money on the…
[ad_1] The pan-European Stoxx 600 closed provisionally barely changed, with sectors and major bourses pointing in opposite directions. Banks were by far the worst performing sector, down 2 percent, weighed down by an 11 percent downturn in Metro Bank shares. The U.K. challenger bank’s share price plummeted following reports that an accounting error it reported…
[ad_1] Wall Street’s relative disappointment with PayPal’s fourth-quarter earnings report — with the exception of the almost-profitable Venmo — may have stemmed from the company’s forward guidance, CFO John Rainey told CNBC on Thursday. In an exclusive “Mad Money” interview after PayPal’s report, Rainey emphasized that management was “really pleased” with the fourth-quarter results, highlighting…
[ad_1] Facebook skyrocketed 10.8 percent Thursday after beating analyst expectations on revenue and earnings for its fourth quarter of 2018. Its market value jumped about $47 billion. The strong report showed Facebook continued to grow users and revenue in all of its key regions despite numerous privacy scandals that caused widespread consumer backlash throughout the…
[ad_1] David Paul Morris | Bloomberg | Getty Images Andy Jassy, chief executive officer of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. Amazon’s cloud-computing division said revenue jumped 45 percent in the fourth quarter, as the company continued to…
[ad_1] Jim Watson | AFP | Getty Images Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. Amazon is reporting its all-important fourth-quarter earnings on Thursday after the bell. The fourth-quarter is typically the…
[ad_1] NEW YORK (Reuters) – Blackstone Group LP, the world’s largest manager of alternative assets, said on Thursday fourth-quarter earnings slumped 42 percent from a year earlier to $722 million, hurt by lower performance fees. FILE PHOTO – The ticker and trading information for Blackstone Group is displayed at the post where it is traded…
[ad_1] Amazon will be the latest FANG stock to report earnings with its release after the bell Thursday. And one market watcher expects the e-commerce leader to knock it out of the park. “We own this one and we continue to love the growth story,” said Mark Tepper, president of Strategic Wealth Partners, on CNBC’s…
[ad_1] Facebook reports earnings and revenue handily surpassed Wall Street expectations for the final quarter of 2018 despite heavy spending on safety and security. The social network has been plagued by privacy scandals and the threat of regulation. That, however, hasn’t stopped it from increasing profits and its user base. It now has 2.32 billion…
[ad_1] Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018. The last two times Amazon has reported quarterly results, revenue has fallen short of expectations. Now investors are facing the…
[ad_1] Shares of Microsoft stock fell as much as 4 percent Wednesday after the company issued its fiscal second-quarter earnings report with slightly lower revenue than expected. Here are the major numbers: Earnings: $1.10 per share, excluding certain items, vs. $1.09 per share as expected by analysts, according to Refinitiv. Revenue: $32.47 billion, vs. $32.51…
[ad_1] The company previously warned its investment in Stories could contribute to slowing revenue growth during the second half of 2019. Third-quarter revenue grew by 32.9 percent year over year, breaking a 12-quarter streak of growth rates above 40 percent. Revenue for the December quarter of $16.91 billion marks a year-over-year growth rate of 30.4…
[ad_1] Investors have been paying close attention to how profitable Tesla’s cars are, particularly the Model 3 sedan. The federal tax credit on every Tesla vehicle sold was cut in half to $3,750 at the beginning of the year, after Tesla sold its allotted 200,000 units that qualified for the full credit. “That 360,000 to…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29 percent drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips. FILE PHOTO: A customer prays inside a Samsung showroom in New Delhi, India, July 27, 2018. . REUTERS/Adnan Abidi/File…
[ad_1] [The stream is slated to start at 6:10 p.m., ET. Please refresh the page if you do not see a player above at that time.] Sheryl Sandberg, Facebook’s chief operating officer, speaks to CNBC’s Julia Boorstin on Wednesday after the social media giant’s fourth-quarter earnings easily topped Wall Street expectations. The stock surged more…
[ad_1] Facebook managed to beat Wall Street’s estimates in its Q4 earnings amidst a constant beat down in the press. Facebook hit 2.32 billion monthly users, up 2.2 perecent from 2.27 billion last quarter, speeding up its growth rate. Facebook climbed to 1.52 billion daily active users from 1.49 billion last quarter for a 2…
[ad_1] George Rose | Getty Images People crowd into the Qualcomm booth to view a series of new products during the annual Consumer Electronics Show on Jan. 4, 2017 in Las Vegas. Shares of Qualcomm rose more than 2 percent percent in extended trading on Wednesday after the chipmaker issued positive second-quarter forecast. The semiconductor…
[ad_1] Wall Street’s top tech analysts were beside themselves Tuesday evening after finding Apple‘s earnings report to not be as bad as feared, according to CNBC’s Jim Cramer. “The conference call was dysfunctional. They didn’t know what to do,” said Cramer, whose charitable trust owns shares of Apple. “Analysts had their tails between their legs.…
[ad_1] Borrowing a concept from rival Snap, which introduced Stories in 2013, Facebook launched its competitive version three years later. Facebook started by bringing Stories to Instagram, and has since added it to its main app, Messenger and WhatsApp. Stories can focus on a photo of something your cousin sees on the street or a…
[ad_1] Sony and Nintendo are expected to score strong quarterly earnings this week, as the Japanese gaming giants battle through the next stage in the lifecycles of their consoles. At Sony, analysts estimate operating profit grew 10 percent in September-December versus the same period a year prior to JPY 388 billion ($3.55 billion), with its games segment supported…
[ad_1] Apple saw a sharp decline in iPhone revenue during the quarter, denting the company’s main revenue stream. The segment saw a gross margin on its product business of 34.3 percent, lower than the 38 percent margin Apple reported for its overall business. “Our customers are holding on to their older iPhones a bit longer…
[ad_1] TOKYO (Reuters) – U.S. stock futures and Asian equities eked out modest gains on Wednesday as investors seized on Apple Inc’s earnings and comments from its chief that U.S.-China trade tensions were easing, sending the iPhone maker’s shares soaring in after-hours trade. FILE PHOTO – A woman using a smartphone is reflected on a…
[ad_1] Shares of AMD jumped 4 percent in after hours trade following earnings results. The semiconductor company reported earnings in line with expectations, but revenue fell short. AMD reported earnings of 8 cents per share on revenue of $1.42 billion. Wall Street had projected earnings per share of 8 cents on $1.44 billion in revenue,…
[ad_1] Verizon missed quarterly revenue estimates in its report Tuesday, but added almost twice as many new wireless subscribers as analysts expected. The company forecast that adjusted earnings per share for this year would be similar to 2018, and that it expected low-single-digit percentage growth for total revenue for the full year. Shares of Verizon,…
[ad_1] “This quarter, as with Q3, shipment of higher priced Model 3 variants (this time to Europe and Asia) will hopefully allow us, with great difficulty, effort and some luck, to target a tiny profit,” Musk said in a Jan. 18 company update. During the third quarter, Tesla earned $311.5 million in net income. After…
[ad_1] Apple says developers earnings have reached a record $120 billion (roughly Rs. 8,50,000 crores) globally since the launch of its App Store in 2008. According to the Cupertino-based iPhone maker, app developers earned more than a quarter of that money in the past year alone. “The App Store is the new digital main street,…
[ad_1] Harley-Davidson shares tanked by more than 7 percent Tuesday after the company reported fourth quarter earnings that missed analysts’ expectations. The motorcycle maker is battling declining sales as its core riders age, particularly in the United States, its largest market. The company said that despite the challenges attracting younger customers, it finished the year…
[ad_1] It’s Apple’s moment of truth this week. The iPhone maker is scheduled to release quarterly earnings after the bell Tuesday in a report that could make or break any market rally. Even if Apple sees a post-earnings pop, one market watcher recommends selling any rally. “We own the stock right now, but we are…
[ad_1] Semiconductor manufacturer Nvidia said in a forecast that the economic situation in China is also undermining its performance. “Deteriorating macroeconomic conditions, particularly in China, impacted consumer demand for NVIDIA gaming graphics processing units,” the company said in a press release. “In addition, sales of certain high-end GPUs using NVIDIA’s new Turing architecture were lower…
[ad_1] But like the rest of the market, Amazon has since ricocheted off of those lows and now sits at around $1,626. A bounce that, according to Worth, is not built to last. “The ricochet is essentially a 50 percent retracement. We dropped about $745, we’re up $372 … it’s essentially right back to the…
[ad_1] The earnings season is about to get a lot more interesting with about a quarter of the S&P 500, nearly half of the Dow Jones Industrials and three of the four biggest companies in the world reporting in the week ahead. Mega-cap tech companies Apple, Microsoft, and Amazon report respectively on Tuesday, Wednesday and…
[ad_1] Apple’s stock has plummeted more than 30 percent over the past three months. Shares of the iPhone maker took a huge hit when it slashed revenue guidance by 8 percent on Jan. 2, blaming the slowdown on weaker sales in China. The stock tanked 15 percent on that day. Morgan Stanley said the Wall…
[ad_1] LONDON (Reuters) – Global stocks rose on Friday, as strong earnings helped to underpin investor sentiment in the face of growing signs that the global economy is slowing and a still unresolved trade dispute between the United States and China. The German share price index DAX graph is pictured at the stock exchange in…
[ad_1] LONDON (Reuters) – World stock markets inched higher on Friday as strong earnings helped to underpin investor sentiment in the face of growing signs that the global economy is slowing and a still unresolved trade dispute between the United States and China. FILE PHOTO – Pedestrians walk past an electronic board showing the graphs…
[ad_1] Stocks could be put to the test Friday, as Intel’s earnings miss hangs over the technology sector. Traders are also watching for developments in the government shutdown talks. President Donald Trump late Thursday afternoon pushed for a down payment on the border wall, after two bills failed to gain Senate approval. Semiconductor stocks and…
[ad_1] The tough economic environment of slowing growth and rising costs is setting up to benefit companies with one enviable attribute: pricing power. The ability to “transfer higher input costs to consumers and maintain profitability relative to their competitors,” is “an alpha factor” in a company amid a global growth slowdown and lower earnings guidance,…
[ad_1] FILE PHOTO – People walk past a Starbucks store in Los Angeles, California, United States, October 17, 2018. REUTERS/Lucy Nicholson (Reuters) – Starbucks Corp topped Wall Street forecasts for quarterly sales and earnings, as rejigged menus and heavy promotions helped attract customers to its cafes, driving its shares 4 percent higher on Thursday. Results…
[ad_1] Samyukta Lakshmi | Bloomberg | Getty Images Bob Swan, interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company’s research and development facility in Bengaluru, India, on Thursday, Nov. 15, 2018. Intel will report its fourth-quarter earnings after market close on Thursday. Executives will discuss the…
[ad_1] Goldman Sachs has spotted what it thinks are the most worrisome stocks this earnings season. Based on movements in the options market, software company Symantec, pharmaceutical company Mallinckrodt and LED light maker Cree are among the names that traders are most bearish on ahead of earnings, according to the bank’s analyst Katherine Fogertey. “We…
[ad_1] Jason Janik | Bloomberg | Getty Images Robert Neely prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas, U.S., on Tuesday, June 16, 2009. Texas Instruments Inc., the second-largest U.S. semiconductor maker, reported sales and profit that beat analysts’ estimates on stronger…
[ad_1] Justin Sullivan | Getty Images The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif. Increased competition, a slowing China economy, and uncertainty about the next permanent CEO are a just a few of the things analysts will be watching out for when Intel reports after the bell. The company,…
[ad_1] Company Vice President Sean Kim said the memory demand slowdown would be bigger than expected into the first half of 2019 due to China’s economic slowdown and the U.S.-China “trade situation,” according to Reuters. Kim’s comments came days after China announced that the country’s economic growth in 2018 was its slowest in nearly three…
[ad_1] (Reuters) – Wall Street ended slightly higher on Wednesday after a spate of upbeat earnings reports, but lingering concerns about trade tensions and the longest U.S. government shutdown ever limited the advance. All three major U.S. stock indexes closed in positive territory, with the blue chip Dow Jones Industrial Average seeing the biggest gains…
[ad_1] There are certain stocks that historically post big gains after reporting fourth-quarter earnings. Bespoke looked back at the past eight fourth-quarter reporting periods and found stocks that jumped the most on earnings reporting day. It found 15 large caps that rose an average 3.8 percent or more. Several stocks on the list also had…
[ad_1] Ford‘s reorganization plans showed up in its fourth-quarter earnings Wednesday as pension and layoff costs eroded the company’s profit and caused it to miss earnings estimates — despite posting stronger-than-expected sales. The Detroit automaker has been struggling overseas, and that was apparent in the fourth quarter. While Ford grew its revenue in North America…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid (Reuters) – Strong earnings from IBM, United Technologies and Procter & Gamble boosted the Dow Jones Industrial Average at the open on Wednesday and propelled a rebound in U.S. stocks from its second…
[ad_1] IBM Corp beat Wall Street quarterly earnings estimates and also forecast 2019 profit above expectations on Tuesday, in the latest indication that Chief Executive Officer Ginni Rometty’s efforts to turn around the technology services company were gaining traction. Shares rose 7 percent in extended trading after IBM also posted its first annual revenue growth since…
[ad_1] Comcast is expected to report earnings for its fourth quarter 2018 on Wednesday. Here are the key numbers Wall Street is expecting: Earnings: 62 cents per share expected per analyst survey by Refinitiv Revenue: $27.553 billion expected per Refinitiv survey High-speed internet customers: 360,000 net adds expected per FactSet consensus estimate Last quarter, Comcast…
[ad_1] IBM shares rose as much as 7 percent after the company reported better-than-expected full-year guidance and fourth-quarter results on Tuesday. Here are the key numbers: Earnings: $4.87 per share, excluding certain items, vs. $4.82 per share as expected by analysts, according to Refinitiv. Revenue: $21.76 billion, vs. $21.71 billion as expected by analysts, according…
[ad_1] Redler said he’s still long the market, but is hedging because the quick gains have made it riskier. “The next stop traders are looking at is 2,700 to 2,730 … next week could be a good week for a pause while [the market] digests the move.” Redler said next week’s reports will be important,…
[ad_1] Spencer Platt | Getty Images News | Getty Images A trader on the floor of the New York Stock Exchange the morning after the Dow Jones Industrial Average dropped over 1,000 points on Feb. 9, 2018. Barring a major decline on Friday, the S&P 500 will record its fourth consecutive weekly gain. The markets…
[ad_1] Ore Huiying | Getty Images Netflix CEO Reed Hastings speaks during an interview on day two of the Netflix See What’s Next: Asia event at the Marina Bay Sands on November 9, 2018 in Singapore. Netflix shares fell in premarket trading after the company reported mixed earnings, beating on subscriber growth but missing on…
[ad_1] Morgan Stanley on Thursday reported profit and revenue below analysts’ expectations as whipsawing markets late last year took a toll on the bank’s two biggest businesses. The bank posted profit of 80 cents per share, below the 89 cent average estimate of analysts surveyed by Refinitiv. Companywide revenue declined 10 percent to $8.55 billion,…
[ad_1] Just days after raising prices, Netflix reports earnings after the bell and Wall Street is raising its expectations into the release. [ad_2] Source link
[ad_1] Atlassian shares rose more than 10 percent in extended trading on Thursday after the provider of collaboration software reported better-than-expected earnings for its fiscal second quarter. Here are the key numbers: Earnings: 25 cents per share, excluding certain items, vs. 21 cents as expected by analysts, according to Refinitiv. Revenue: $299 million, vs. $288.3…
[ad_1] Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix. Netflix is set to report earnings after the market close Thursday. Here’s what Wall Street expects: EPS: 24 cents, forecast by Refinitiv consensus estimates Revenue: $4.21 billion, forecast by Refinitiv consensus estimates Domestic membership additions: 1.77 million, according to StreetAccount…
[ad_1] CNBC’s Jim Cramer said Thursday that Morgan Stanley‘s weaker-than-expected quarterly earnings report left him “confused” because he thought it was the “most stable” of the big banks. “I hate to say it, but this was the most disappointing of all” the bank earnings, Cramer said on “Squawk Box.” “I had thought, and perhaps thought…
[ad_1] Bess Adler | Bloomberg | Getty Images A person enters Morgan Stanley headquarters in New York, on Thursday, July 12, 2018. Banks’ trading desks ended 2018 with a whimper – and nowhere as much as at Morgan Stanley. The New York-based firm had the worst bond-trading performance among the big five Wall Street investment…
[ad_1] Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 2, 2019. Earnings are in full swing and stocks are reacting as they typically do to the good news, the bad and the mixed. But beware of the…
[ad_1] Bank of America reported better-than-expected profit and revenue for the fourth quarter on Wednesday, driven by a strong performance from its consumer-banking business and lower taxes. The results sent the bank’s shares up 7.16 percent. Here is how the bank did in the previous quarter compared to analyst expectations: Earnings: 73 cents per share…
[ad_1] BlackRock, the largest asset manager in the world, reported quarterly earnings that missed analysts’ expectations on Wednesday as a market downturn late last year eroded its asset base. Revenue slightly exceeded a revised estimate by Refinitiv. Earnings for the asset manager fell nearly 60 percent to $927 million over the past year. On an…
[ad_1] Goldman Sachs shares advanced Wednesday after the firm posted fourth-quarter profit that exceeded expectations on strength in its investment banking and investing and lending divisions. The bank generated $6.04 per share in profit for the fourth quarter of 2018, versus the $4.45 per share estimate of analysts surveyed by Refinitiv. Excluding the impact of…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp (BAC.N) and Goldman Sachs Group Inc (GS.N) boosted investor sentiment. Goldman Sachs shares surged 9.5 percent, providing the greatest boost to the Dow, after the bank reported quarterly revenue and earnings that topped…
[ad_1] Earnings reporting season for Q4 2018 results is off and running this week. The major financial institutions are first out of the gate. Over the past decade, the composite S&P Financials Sector has been the worst-performing of the major market sectors, straight through from the beginning to the end of fourth quarter earnings season.…
[ad_1] (Reuters) – U.S. stocks rose on Tuesday, as hopes of more stimulus for China’s slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019.…
[ad_1] Wells Fargo is scheduled to report fourth-quarter earnings before the market opens on Tuesday. Here’s what Wall Street expects: Earnings: $1.16 cents per share, forecast by Refinitiv. Revenue: $21.73 billion, forecast by Refinitiv. Wells Fargo is still working through its regulatory issues after the Federal Reserve reportedly rejected its plan to prevent more consumer…
[ad_1] Prime Minister Theresa May’s Brexit plan is widely expected to fail in parliament Tuesday, but the defeat could still trigger a violent market reaction. “We could see knee-jerk volatility. She could lose by a historic margin. This could be a historic loss by the government,” said Marc Chandler, Bannockburn Global Forex chief market strategist.…
[ad_1] Citigroup posted fourth-quarter profit that beat analysts’ expectations on better-than-expected expense declines and loan losses. The bank made $1.61 in profit per share excluding one-time impacts of the U.S. tax overhaul, beating analysts’ expectations for $1.55 per share. Operating expenses fell 4 percent to $9.89 billion in the quarter, driven in part by lower…
[ad_1] NEW YORK (Reuters) – U.S. stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January…
[ad_1] The recent surge in market volatility is beneficial to Cboe Global Markets, which owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets, according to Goldman Sachs capital markets analyst Alex Blostein. The bank is predicting a 31 percent gain for Cboe’s stock over the next 12 months. Shares of…
[ad_1] Janhvi Bhojwani | CNBC Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. J.P. Morgan Chase is the next big company (and bank) to report earnings with results due Tuesday before the bell. The shares rose on Monday after Citigroup reported earnings that were better than…
[ad_1] (Click on the chart to expand.) Investors better buckle up as this earnings season could send them for a wild ride, according to data compiled by Goldman Sachs. The average implied move of an S&P 500 stock on earnings day has reached 7.4 percent, meaning the shares could move up or down by that…
[ad_1] (Reuters) – Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks. Underpinned by optimism over China-U.S. trade talks and expectations of a slow pace of interest rate hikes from the…
[ad_1] FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Wall Street ended little changed on Friday as energy shares dropped and investors looked ahead to earnings season, which will kick off next week with Citigroup, JPMorgan…
[ad_1] (Reuters) – Falling energy shares late on Friday jeopardized continuation of Wall Street’s five-session rally as investors looked ahead to earnings season, which will kick off with Citigroup, JPMorgan and other big banks next week. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January…
[ad_1] (Reuters) – General Motors Co (GM.N) executives on Friday bucked gloomy forecasts for growth and sent the automaker’s shares soaring, promising investors stronger 2019 earnings and outlining ambitious plans for its Cadillac brand to challenge Tesla Inc (TSLA.O) in the growing electric vehicle market. FILE PHOTO: General Motors Chairman and CEO Mary Barra speaks…
[ad_1] After the market’s December meltdown, earnings season could turn up some winners among the rubble, analysts said. What fourth quarter results will do for the market’s rebound from December’s trough is tough to say, given other factors, like trade talks, Washington dysfunction and the UK’s upcoming Brexit vote. But analysts do see some potential…
[ad_1] (Reuters) – General Motors Co (GM.N) said on Friday its revamped pickup truck lineup will boost its 2019 earnings and Cadillac will become its lead electric vehicle brand, sending the No. 1 U.S. automaker’s shares up more than 8 percent. FILE PHOTO: A General Motors sign is seen during the China International Import Expo…
[ad_1] (Reuters) – A five-day rally in U.S. stocks ran out of steam on Friday as investors booked profits and reset their positions ahead of the earning season set to begin next week. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan…
[ad_1] General Motors CEO Mary Barra said the automaker’s full-year 2018 earnings exceeded its previous expectations and that 2019 is looking even better, citing strong sales in China and high demand for its truck and utility vehicles in the U.S. “From a 2018 perspective, it is not only a focus on really capitalizing on the…
[ad_1] The CEO of a Canadian cannabis producer recently targeted by short sellers will step down from an executive role at the company he helped found, but stay on the board. Vic Neufeld, along with co-founder Cole Cacciavillan, will “transition out of their executive roles over the coming months,” Leamington, Ont.-based Aphria Inc. said in a press release Friday.…
[ad_1] Fourth-quarter reporting season, with major banks releasing numbers next week, will also serve as an important transition period between 2018’s strong double-digit profit growth and 2019’s much slower single-digit pace. Earnings are expected to be strong, up 14.7 percent in the fourth quarter, but corporate executives will be discussing the activity in the current…
[ad_1] Barclays just joined a stampede of Wall Street banks cutting stock forecast for 2019. The bank lowered its year-end price target for the S&P 500 to 2750 from 3000, citing bearish retail investor sentiment, slowing non-US economic growth, and slowing earnings growth. At least five banks have recently dimmed their outlook for U.S. stocks.…
[ad_1] Aurora Cannabis Inc. says it expects to report second-quarter revenue of between $50 million and $55 million. Analysts had expected revenue at the marijuana producer to total about $67 million for the quarter ended Dec. 31, 2018, according to Thomson Reuters Eikon. Aurora says the result for the quarter is up from $11.7 million…
[ad_1] Commerce Secretary Wilbur Ross said Monday Apple’s big earnings miss isn’t tied to U.S.-China trade negotiations, in a rebuke of the iPhone giant’s public statements and a sign the Trump administration hopes to distance itself from the company’s shortcomings. “I don’t think Apple’s earning miss had anything to do with the present trade talks,”…
[ad_1] (Reuters) – U.S. stocks slipped on Thursday, continuing their declines from a day earlier, as a batch of disappointing earnings reports added to the gloom after the Federal Reserve quashed hopes of a toned-down approach to its interest-rate hike trajectory. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] Oracle stock rose 3 percent on Monday after the company reported better-than-expected earnings for the second quarter of its 2019 fiscal year. Executives will discuss the results with analysts on a conference call at 5 p.m. Eastern time. Here are the big numbers: Earnings: 80 cents per share vs. 78 cents per share as…
[ad_1] With its acquisitions of Magento Commerce and Marketo, Adobe has officially become the “only” one-stop shop for both consumer- and business-facing enterprises, CEO Shantanu Narayen told CNBC on Thursday. “When you think about what Magento does, it really completely closes the loop with respect to everything we’ve been doing for [business-to-consumer] companies in terms…
[ad_1] (Reuters) – Broadcom Inc (AVGO.O) on Thursday reported quarterly revenue and profit above analysts’ estimates, driven by strong demand for its enterprise storage and networking products from data centers, sending its shares up 5 percent in extended trading. A sign to the campus offices of chip maker Broadcom Ltd, is shown in Irvine, California,…
[ad_1] Okta shares surged 14 percent on Thursday after the cloud software company reported a narrower loss than analysts’ expected and raised its revenue guidance for the year. The stock rose $8.57 to $69.22 as of mid-day, bringing its gains for the year to 170 percent. Since going public in April 2017, Okta has been…
[ad_1] Roots Corp. has lowered its sales and earnings estimates from targets set when the company went public in October 2017 after sales fell “well below” its own expectations in the third quarter. The clothing company’s total sales for the three months ended Nov. 3 were $87 million, down three per cent from $89.7 million…
[ad_1] Adam Galica | CNBC Aneel Bhusri, co-founder and CEO of Workday, at the 2018 WEF in Davos, Switzerland. Workday surged as much as 10 percent in extended trading on Thursday after the provider of cloud-based human resources software reported quarterly results that topped analysts’ estimates. Here are the key numbers: Earnings: 31 cents per…
[ad_1] GameStop shares plunged 12 percent postmarket Thursday after the company slashed its full-year earnings forecast. The gaming retailer slashed its full-year outlook, saying it now expects adjusted earnings per share between $2.55 and $2.75. That range is well below GameStop’s previous guidance for adjusted 2018 earnings between $3 a share and $3.35 a share.…
[ad_1] There was something missing at the luxury jeweler Tiffany & Co. in recent months: Chinese tourists. While the company said Wednesday that third-quarter revenue rose four per cent to just above $1 billion US, industry analysts were anticipating a bigger boost. Some of that unexpected drag has occurred as tourists, particularly Chinese tourists, pull back…
[ad_1] David Paul Morris | Bloomberg | Getty Images Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018. Wall Street offered on Wednesday glowing analysis of Salesforce’s third-quarter earnings report, which included a hefty profit beat and 26 percent revenue growth from a year earlier.…
[ad_1] Alimentation Couche-Tard Inc. beat revenue expectations as the Quebec-based retailer’s net earnings rose nine per cent in its most recent quarter thanks in part to acquisitions, improved fuel sales and lower taxes. The world’s second-biggest convenience store operator, which reports in U.S. dollars, said its net earnings attributable to shareholders were $473.1 million US or 84…
[ad_1] David Paul Morris | Bloomberg | Getty Images Marc Benioff, chairman and co-CEO of Salesforce, speaks during a Bloomberg Television interview at the Dreamforce conference in San Francisco on Sept. 25, 2018. Salesforce shares rose in extended trading on Tuesday after the cloud software company reported fiscal third-quarter results that beat analysts’ estimates. The…
[ad_1] Annual recurring revenue, which consists mostly of subscriptions to products used by architects, engineers, and visual artists, reached $2.53 billion, above the FactSet consensus estimate of $2.46 billion. “The strong ARR growth in the quarter adds confidence to the company’s FY20 and FY23 targets in our view,” wrote KeyBanc Capital Markets analysts Monika Garg…
[ad_1] Nvidia stock fell as much as 16 percent Thursday after the company reported earnings for the third quarter of its 2019 fiscal year, which ended on Oct. 28. Executives will discuss the results with analysts on a conference call at 5:30 p.m. Eastern time. Here’s how the company did: Earnings: $1.84 per share, excluding…
[ad_1] (Reuters) – U.S. stocks struggled on Thursday as an attempt by technology companies to rebound from this week’s sharp losses was outweighed by a batch of weak results and Brexit-related concerns. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid Department…
[ad_1] Uber’s losses ticked up to nearly $1 billion during the third quarter and annualized growth is continuing to slow, according to the private company’s self-reported financials for Q3. The news comes ahead of the company’s anticipated IPO next year, which some bankers are saying could value the company at $120 billion, well over its…
[ad_1] Cisco stock rose slightly after the company reported better-than-expected earnings for the first quarter of its 2019 fiscal year. Executives will discuss the results with analysts on a conference call at 4:30 p.m. Eastern time. Here’s how the company did: Earnings: 75 cents per share, excluding certain items, vs. 72 cents per share as…
[ad_1] (Reuters) – Department store chain Macy’s Inc (M.N) raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, as it benefits from a growing online business and a revamped loyalty program. FILE PHOTO: The Macy’s logo is pictured on the side of a building in down town Los Angeles, California,…
[ad_1] SurveyMonkey reported a year-over-year revenue jump of 18 percent when it reported its first earnings report as a public company after the market close Tuesday. Here’s how the company did compared with previous reports: Loss per share: 1 cent vs. 2 cents in the year-ago quarter Revenue: $65.2 million vs. $55.3 million in the…
[ad_1] Nvidia’s earnings report — specifically its forecast for the current quarter — is likely to disappoint Wall Street this week, claims Susquehanna’s Christopher Rolland, but he’s upgrading the stock anyway. “To be clear, this is not a call on NVIDIA’s quarter… in fact, we think the odds are substantial that management’s guidance will miss…
[ad_1] LONDON (Reuters) – European companies are delivering their most disappointing earnings in nearly three years as a sluggish economy and rising costs take their toll on bottom lines, dealing another blow to investor confidence shaken by Italy’s budget crisis and Brexit. FILE PHOTO: The German share price index DAX graph is pictured at the…
[ad_1] Cory Disbrow | Getty Images The Main Street Philharmonic entertains guests at the Magic Kingdom, Walt Disney World, Florida. The Walt Disney Company’s better-than-expected earnings and upcoming streaming service have Wall Street glowing as the longtime media giant enters a whole new world of content delivery. The shares rose 1.4 percent in premarket trading…
[ad_1] Shares of Yelp tanked more than 28 percent Thursday after the company announced its third quarter earnings report. The company reported revenue of $241 million for the quarter, just shy of analyst projections of $245 million. It also adjusted fourth quarter revenue guidance due to slower new account growth. “We do not believe there…
[ad_1] Dropbox shares rose more than 8 percent on Thursday after the maker of collaboration software reported better-than-expected third-quarter earnings. The company will hold a conference call with analysts at 5 p.m. Eastern time. Here are the key numbers: Earnings: 11 cents per share, excluding certain items, vs. 6 cents per share as expected by…
[ad_1] Getty Images Chief executive officer and chairman of The Walt Disney Company Bob Iger walks on the floor of the New York Stock Exchange (NYSE) before ringing the opening bell, November 27, 2017 in New York City. The Walt Disney Company is scheduled to report fourth-quarter and full-year earnings after the bell Thursday. Here’s…
[ad_1] Grand Theft Auto V (GTA V), even after five years of its release, continues to mint money for its Take-Two Interactive, which owns publisher Rockstar Games. At its quarterly earnings call (fiscal second quarter 2019) this week, the company announced that GTA V has sold more than 100 million copies worldwide. Take-Two Interactive also…
[ad_1] Twilio surged more than 35 percent Wednesday after crushing third-quarter expectations on earnings, revenue and guidance. The cloud software company has already more than tripled in value since its this year. Twilio grew its revenue 68 percent compared to last year, it said in a statement. The company reported revenue of $168.9 million compared…
[ad_1] Take-Two Interactive reported earnings for its 2019 fiscal second quarter after the bell on Wednesday. The company is known best for developing popular videogames like “Red Dead Redemption” and “Grand Theft Auto” as the parent company of Rockstar Games and 2K. The stock was up over 2.5 percent after the bell. Here are the…
[ad_1] Shares of Roku plunged as much as 12 percent in extended trading Wednesday despite beating on both the top and bottom lines in its third-quarter earnings. Shares eased off shortly after the report to trade roughly 10 percent lower than Wednesday’s close of $58.86 Here’s how the company did compared with what Wall Street…
[ad_1] Payment company Square is scheduled to report third-quarter earnings after the market close Wednesday. Here’s what Wall Street expects: Earnings: 11 cents per share, forecast by Refinitiv. Revenue: $413.9 million, forecast by Refinitiv. Shares of the fintech company were up more than 5 percent Wednesday, trading near $82. The stock has popped more than…
[ad_1] Getty Images Twilio Inc. founder and CEO Jeff Lawson (C, in glasses) reacts after ringing the opening bell to celebrate Twilio’s initial public offering, at the New York Stock Exchange, June 23, 2016 in New York City. Twilio shares jumped more than 12 percent on Tuesday after the cloud software company reported third-quarter results…
[ad_1] Citi is getting more bullish on Square, citing the payment company’s growth potential and emergence as a player in banking for next generation consumers. The firm upgraded Square to a “buy” with a $90 price target Tuesday, about 20 percent higher than its $75 closing price a day earlier. Shares are already on a…
[ad_1] LONDON (Reuters) – European shares dipped on Tuesday as investors continued to harshly punish companies that missed expectations like Pandora, William Hill and Morrisons, while caution prevailed ahead of the U.S. midterm congressional elections. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 5, 2018. REUTERS/Staff…
[ad_1] Exxon Mobil on Friday reported quarterly earnings and revenue that beat analysts’ expectations, with income bolstered by rising crude prices and improved performance in its oil and gas drilling operations and fuel refining segment. Shares of the world’s largest publicly traded oil company rose 1.7 percent in premarket trading after the report. Exxon’s quarterly…
[ad_1] Apple’s stock sank Friday after the company said it missed iPhone shipment estimates and provided guidance for its first fiscal quarter that fell short of analyst expectations. But Wall Street analysts told clients on Friday they were concerned about management’s decision to stop breaking apart iPhone unit sales, an insight some investors used to…
[ad_1] European equities lost ground in October despite solid third-quarter results for most companies across the region. Europe’s benchmark Stoxx 600 index fell 6 percent for the month, despite a strong 1.7 percent rally on the final session of trade. This comes as revenue and earnings-per-share (an important metric used by traders to gauge a…
[ad_1] Shares of the The New York Times jumped Thursday after the company reported third-quarter earnings that beat on the top and bottom lines. The company also reported more than 3 million digital-only subscriptions and 4 million total subscriptions as of the end of the quarter. Here’s how the company did compared with what Wall…
[ad_1] Shares of Fitbit ended the day up more than 25 percent Thursday after the company beat estimates on earnings and revenue. San Francisco-based Fitbit surpassed expectations for a 1-cent loss per share in the third quarter, reporting earnings of 4 cents per share. The wearables company beat on revenue as well, reporting $394 million…
[ad_1] Apple shares fell as much as 5 percent in after-hours trading on Thursday after reporting quarterly earnings. While the company’s reported earnings per share and revenue beat analysts’ expectations, its iPhone sales fell short of estimates. Prior to its report, the options market expressed Apple stock’s implied move was around 5 percent in either…
[ad_1] Apple reported earnings for its fiscal fourth quarter Thursday that beat Wall Street estimates on both the top and bottom lines. It also locked in a strategy of boosting prices to offset slowing sales — posting an eye-popping average selling price for the iPhone during the key September quarter. But shares of Apple fell…
[ad_1] CNBC’s Jim Cramer is not backing down from his “own Apple, don’t trade it” maxim despite the stock’s drop after earnings, in which the iPhone maker said it would stop providing results for its individual products. “I am sure there are people who will just say, ‘You know what? I have to panic and…
[ad_1] ARis Oikonomou | AFP | Getty Images Tim Cook, CEO of Apple Inc talks at the Debating Ethics event at the European Parliament in Brussels on October 24, 2018. Just as tech stocks began to turn around from their worst month since the 2008 recession, Apple dragged down the Nasdaq after hour, as it…
[ad_1] It’s the moment of truth for Apple as the trillion-dollar tech giant gears up to report its latest quarterly earnings. Apple shares are up nearly 30 nearly percent this year, and have held up relatively well amid the recent tech downdraft. According to Dan Nathan of RiskReversal.com, options traders are betting shares of the…
[ad_1] A blowout quarter from Apple could save the broader stock market, which saw the Dow plunge more than 5 percent and the S&P 500 nearly 7 percent last month, CNBC’s Jim Cramer said Thursday. “I don’t want to put too much pressure on Tim Cook, but holy cow,” Cramer said on “Squawk on the…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 30, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stocks opened higher on Thursday, leaving behind a brutal October, as a slew of positive earnings reports helped boost risk sentiment. The Dow Jones Industrial Average .DJI rose 26.32 points,…
[ad_1] Late last month, BT announced the appointment of Worldpay boss Philip Jansen as its new chief executive. Jansen is due to replace Patterson on January 1 2019, following a brief handover period. In June, Patterson announced he would stepping down as CEO on the back of an investor backlash after the company unveiled plans…
[ad_1] Stephanie Keith | Getty Images Tim Cook, CEO of Apple laughs while Lana Del Rey (with iPad) takes a photo during a launch event at the Brooklyn Academy of Music on October 30, 2018 in New York City. October was a punishing month for technology stocks, but as Apple prepares to report fiscal fourth-quarter…
[ad_1] NEW YORK (Reuters) – Carlyle Group LP (CG.O) on Wednesday missed estimates for earnings per unit for the third quarter, as the value of its private equity investments rose less than that of rivals on the back of turbulent markets in Asia. The logo of the Carlyle Group is displayed at the company’s office…
[ad_1] NEW YORK (Reuters) – Robust corporate results helped world stock markets surge on Wednesday, bringing some relief to jittery investors after a brutal October sank equities with one of their worst drops since the financial crisis 10 years ago. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] Investors are getting friendly with Facebook again. Shares of the social media giant climbed more than 5 percent in Wednesday trading on the back of its earnings report Tuesday evening. The move was also giving a boost to its fellow FANG stocks and the broader tech sector. Here’s what market experts had to say…
[ad_1] (Reuters) – U.S. stocks rose for a second day on Wednesday, as investors snapped up beaten-down technology favorites and strong results for General Motors and a host of other companies lifted spirits at the end of a torrid month for global equities. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Shares of Facebook were popping Wednesday after a mixed third quarter report and a candid earnings call with traditionally tight-lipped executives. The stock gained more than 6 percent in the first few minutes of trading, adding to…
[ad_1] Paul Marotta | Getty Images Facebook founder and CEO Mark Zuckerberg received an Honorary Doctor of Laws Degree from Harvard University at its 2017 366th Commencement Exercises on May 25, 2017 in Cambridge, Massachusetts. Facebook’s stock jumped before the opening bell Wednesday after the social media giant reported earnings that easily topped Wall Street…
[ad_1] Mary Catherine Wellons | CNBC Mary Barra, CEO, General Motors General Motors is scheduled to report earnings before the bell on Wednesday in a quarter marked by a trade war that’s raised material and other costs across the industry. Here is what Wall Street expects: • Adjusted earnings per share: $1.25 • Revenue: $34.8…
[ad_1] Like luxury goods makers, cosmetics companies like L’Oreal or Japan’s Shiseido have been hit by fears over a slowdown in China, which sparked a stock market sell-off. Shares in the French beauty group have fallen almost 8 percent since a peak in August. But, following the firm’s earnings statement, shares shot up by nearly…
[ad_1] “I just think that this is the future,” Zuckerberg said when talking about the Stories feature that Facebook copied from Snapchat and introduced across its numerous apps. With Stories, users share full-screen photos or videos with their friends or followers that disappear after a day, rather than sticking around permanently. “People want to share…
[ad_1] SeongJoon Cho | Bloomberg | Getty Images The Samsung Electronics logo is displayed in a window at the company’s Seocho office building in Seoul, South Korea. Samsung Electronics on Wednesday said it recorded an operating profit of 17.57 trillion won (about $15.5 billion) for the quarter ending in September. That was in line with…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) forecast weaker earnings on Wednesday as it posted record operating profit in the third quarter, meeting expectations thanks to sales of semiconductors to data centers and higher production yields. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea,…
[ad_1] eBay shares jumped as much as 5 percent in after-hours trading on Tuesday after the company exceeded Wall Street’s estimates in its third-quarter earnings report. The company reported earnings of 56 cents per share, while analysts expected 54 cents per share. Revenue came in at $2.65 billion for the quarter, in line with estimates.…
[ad_1] Some investors are of the mind that Facebook‘s severe decline has gotten so bad, it might be good. The social media giant is set to report quarterly earnings on Tuesday after the bell, and Miller Tabak equity strategist Matt Maley said in an interview on CNBC’s “Trading Nation” that he’s gone from negative to…
[ad_1] Investors are awaiting to see if Facebook’s warnings about a slow down in revenue growth rates will impact the company’s latest earnings. Facebook is expected to report its third-quarter earnings after bell on Tuesday. Here’s what analysts expect: Estimated earnings per share (EPS): $1.47, per Refinitv Estimated revenue: $13.78 billion, per Refinitiv Estimated daily…
[ad_1] Fiat Chrysler Automobiles said Tuesday its third-quarter profits dropped nearly 40 per cent due to a one-off charge to cover possible payments in a U.S. diesel probe involving SUVs and light-duty pickups. The Italian-American car company reported a net profit of €564 million ($842 million Cdn), compared with €910 million ($1.4 billion Cdn) in the…
[ad_1] Another day, another volatile trading session. The S&P 500 failed to stay in the green and fell into correction territory on Monday — for the first time since April 2. It’s now shaping up to be the index’s worst month since 2009. However, that’s not pushing long-term bull Richard Bernstein into bear territory. Bernstein,…
[ad_1] Content delivery network Akamai is up as much as 11 percent in premarket trading after crushing earnings. Akamai reported quarterly revenue of $670 million compared to $664 million analysts expected, according to Refinitiv. It also beat estimates on earnings per share by 11 cents, reporting 94 cents per share. Akamai’s technology allows for speedier…
[ad_1] HSBC is expected to announce an improvement in third-quarter earnings on Monday — but investors are likely to pay more attention to the bank’s guidance on its business prospects in the coming months, analysts said. “We think there are risks going forward for HSBC,” said Kevin Leung, executive director of investment strategy at Haitong…
[ad_1] NEW YORK (Reuters) – U.S. stocks were lower on Friday afternoon following a slew of high-profile earnings disappointments, but indexes were off the day’s lows and the S&P 500 eased off correction levels. Data earlier in the day showed the U.S. economy continued to grow at a healthy pace, offering some support. U.S. gross…
[ad_1] NEW YORK (Reuters) – Worries over global oil pricing and pipeline constraints are hanging over the energy sector as U.S. companies begin to report quarterly results, with many producers’ shares trading lower on the year. Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration Third-quarter profits for…
[ad_1] Snap stock sank below $6 per share for the first time Friday, on the heels of a mixed third quarter earnings report. The company shed as much as 17 percent in morning trading to a new all-time low of $5.80. The stock has now lost more than half its value so far in 2018…
[ad_1] Amazon opened down 8 percent following a disappointing third-quarter earnings report. While the company beat predictions on earnings per share, it missed on revenue, reporting $56.6 billion versus $57.10 analysts anticipated, according to Refinitiv. The company reported weaker than expected guidance for the upcoming holiday season, which gave analysts some pause. Amazon expected $2.1…
[ad_1] SHANGHAI (Reuters) – Asian shares slipped again on Friday morning, deepening this week’s markets rout, after disappointing results from Alphabet Inc and Amazon.com heightened concerns over the outlook for U.S. corporate earnings, global trade and economic growth. A man stands in front of an electronic board showing Japan’s Nikkei average outside a brokerage in…
[ad_1] Amazon‘s third-quarter earnings beat Street estimates, but its revenue and fourth-quarter outlook fell short of expectations, dropping its stock roughly 9 percent in after-hours trading — on pace for its lowest close since May. Here are the most important numbers: EPS: $5.75 vs. $3.14 estimated, according to Refinitiv Revenue: $56.6 billion vs. $57.10 billion…
[ad_1] The company lost DAUs on a quarter-over-quarter basis in both North America and Europe, extending pain points from last quarter, when the European Union’s stricter guidelines regarding user privacy took effect. Snap also cautioned that global DAUs are likely to decline next quarter as well. The company took a hit in engagement earlier this…
[ad_1] Intel stock rose as much as 6 percent but later pared back much of its gains Thursday after the company reported better-than-expected third-quarter earnings and full-year guidance. Here are the key numbers: Earnings: $1.40 per share, excluding certain items, vs. $1.15 per share expected by analysts, according to Refinitiv. Revenue: $19.16 billion, vs. $18.11…
[ad_1] In an analyst note following earnings, Pivotal’s Brian Wieser noted that Q2 represented the slowest pace of growth for this category since the first quarter of 2016. CEO Sundar Pichai said on the earnings call that its cloud business has had “many important wins” recently, but he didn’t provide any new revenue numbers to…
[ad_1] NEW YORK (Reuters) – U.S. stocks jumped on Thursday, giving the Nasdaq its biggest daily gain since March, as Microsoft’s upbeat earnings spurred a rebound in technology names and investors snapped up oversold shares. The Nasdaq rose 3 percent, a day after it confirmed a correction and registered its biggest decline since 2011. The…
[ad_1] Yana Paskova | Bloomberg | Getty Images Jack Dorsey, CEO of Square Inc., holds an Apple Inc. iPhone while standing outside of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Twitter shares surged more than 17 percent Thursday after the company reported higher-than-expected earnings and revenue for…
[ad_1] Tech stocks rallied at the open on the heels of several positive tech earnings. The Nasdaq Composite Index rose as much as 1.4 percent at the open, a day after closing down 4.43 percent. Following plummeting stocks across the sector on Wednesday, tech companies already started to see a lift after the bell when…
[ad_1] Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., laughs during a discussion at the Air Force Association’s Air, Space and Cyber Conference in National Harbor, Maryland, U.S., on Wednesday, Sept. 19, 2018. Amazon is expected to show another huge jump in profits when it reports…
[ad_1] Mike Blake | Reuters A Tesla sales and service center is shown in Costa Mesa, California, U.S. June 28, 2018. Tesla shares popped after the electric vehicle automaker reported a surprise third-quarter profit on Wednesday. Tesla shares rose more than 10 percent in premarket trading as analysts put out bullish notes to investors on…
[ad_1] Beck Diefenbach | Reuters Elon Musk, CEO of Tesla. Tesla shares jumped more than 10 percent in premarket trading Thursday after the electric car maker delivered third-quarter earnings that blew past expectations and show signs the company is on its way to becoming the sustainably self-funded company promised by CEO Elon Musk. Musk had…
[ad_1] Google’s advertising business has continued to post impressive growth and Wall Street expects that to continue. Its properties revenue, which includes search, has seen year-over-year percentage growth accelerate in the first and second quarter of this year. And analysts estimate that properties revenue will hit $24.3 billion in the third quarter, a more than…
[ad_1] Comcast beat on the top and bottom lines when it reported third quarter earnings Thursday. Here’s what Comcast reported versus Wall Street’s expectations: Earnings: 65 cents per share vs. 61 cents per share expected, according to Refinitiv Revenue: $22.135 billion vs. $21.819 billion expected, according to Refinitiv High-speed internet customers: 363,000 net adds vs.…
[ad_1] Earlier this year, the company said investors could expect to see a recovery in the third quarter following a relatively weak start to 2018. Nokia has struggled with deteriorating growth since the current generation of 4G mobile equipment peaked in 2015. It comes as the company faces a flurry of headwinds at present, including…
[ad_1] Two familiar culprits are behind the stock market’s “insanely emotional” swings, Cramer said Wednesday after the Dow Jones Industrial Average erased its yearly gains, the S&P 500 turned negative and the Nasdaq saw its worst day since 2011. “The two men with the most influence over the stock market in the world, the president…
[ad_1] SYDNEY (Reuters) – Asian shares dived on Thursday as hundreds of billions of dollars hemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year. A screen displays a chart of the Dow Jones Industrial Average on…
[ad_1] (Reuters) – Microsoft Corp (MSFT.O) beat Wall Street estimates for revenue and profit in its first quarter on Wednesday, as more businesses signed up for its Azure cloud computing services and Office 365 software. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018.…
[ad_1] After a dismal day for tech stocks, Tesla and Microsoft earnings pulled up stocks after hours across the sector. The Nasdaq was up 4.63 percent in after-hours trading after Tesla and Microsoft both crushed third quarter earnings. Microsoft reported $29.08 billion in revenuer for its fiscal first quarter, beating expectations of $27.90 billion according…
[ad_1] David McNew | AFP | Getty Images Tesla Motors CEO Elon Musk unveils large utility scale home batteries at the Tesla Design Studio in Hawthorne, California. Tesla shares soared by more than 10 percent in after-hours trading after the company reported a surprise profit for the third quarter and better-than expected car sales and…
[ad_1] Zach Gibson | Bloomberg | Getty Images Microsoft CEO Satya Nadella smiles at a meeting of the Economic Club of Washington in Washington, D.C., on Oct. 4, 2017. Microsoft will report fiscal first quarter earnings after market close on Wednesday. The company will hold a conference call to discuss the results with analysts at…
[ad_1] Stephen Lam | Reuters Tim Cook, CEO of Apple, smiles during a demonstration of the newly released Apple products following the launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Apple is likely to post a huge jump in average selling price (ASP) for the iPhone when it reports fourth…
[ad_1] Texas Instruments shares fell more than 5 percent in after-hours trade Tuesday after the company reported disappointing revenue and issued weak fourth-quarter guidance. The semiconductor company reported $4.26 billion in revenue, falling short of a Refinitiv consensus estimate of $4.3 billion. Still, Texas Instrument’s fourth-quarter revenue grew 4 percent year over year. The company…
[ad_1] CHICAGO (Reuters) – Caterpillar Inc (CAT.N) tried on Tuesday to ease mounting concerns about China and global demand after it affirmed its 2018 profit estimate, a move that investors feared signaled a cap in earnings growth and sparked a sell-off in its shares. FILE PHOTO: Caterpillar machines are seen at Lianyungang port in Jiangsu…
[ad_1] NEW YORK (Reuters) – The S&P 500 and the Dow fell in choppy trading on Monday as energy and financial stocks lost ground and caution grew ahead of a slew of earnings reports this week. Technology sector gains limited losses on the S&P 500 and helped to lift the Nasdaq. The beaten-down S&P technology…
[ad_1] With big tech names set to report earnings in the coming weeks, investors are wondering where to place their bets for a bounce. For Gene Munster, managing partner of technology-focused venture capital firm Loup Ventures, that place is Apple. He told CNBC he sees the tech giant as probably the best risk/reward heading into…
[ad_1] It’s the moment of truth for tech this week. Around one-third of the tech-heavy Nasdaq 100 reports in the coming days with industry leaders Amazon, Microsoft, Google parent Alphabet, and Intel among those set to open up their books. One area of tech looks like a bet on long-term growth to Mark Tepper, president…
[ad_1] PayPal shares soared 9 percent on Friday after the company beat expectations on earnings and revenue and announced positive news about its peer-to-peer app Venmo. The payment company’s stock hit a high above $86. Shares are up more than 26 percent year over year. On Thursday, PayPal reported third-quarter earnings that beat Wall Street’s…
[ad_1] (Reuters) – U.S. stocks were set to open higher on Friday as a handful of major U.S. companies posted strong results, helping to relieve concerns about political and growth risks in Europe and Saudi Arabia that drove a 1 percent fall a day earlier. Traders work on the floor of the New York Stock…
[ad_1] Jim Cramer explains how strong earnings can take the guesswork out of your next investment. [ad_2] Source link
[ad_1] American Express beat Wall Street’s expectations for third quarter earnings, saying Thursday it had earnings per share of $1.88 on strong gains in spending by consumers and small businesses. Wall Street had expected EPS of $1.77, as forecast by Refinitiv. Revenue was a record $10.1 billion, beating the expectation of $10.05 billion. Profit of…
[ad_1] (Reuters) – U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve’s minutes. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] (Reuters) – U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries over rising expenses and the impact of tariffs, adding to concerns of higher borrowing costs after hawkish commentary in the Federal Reserve’s minutes. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] (Reuters) – U.S. stocks opened lower on Thursday as some industrials reported disappointing results, while the Federal Reserve’s minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week’s sharp selloff. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] (Reuters) – U.S. stock futures fell on Thursday, as some industrials reported disappointing results, while the Federal Reserve’s minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week’s brutal selloff. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] CNBC’s Jim Cramer has spotted some attractive buying opportunities in FAANG — his acronym for the stocks of Facebook, Amazon, Apple, Netflix and Google, now Alphabet — after the market’s latest sell-off. “Once again, reports of FAANG’s death proved to be premature,” the “Mad Money” host said Wednesday after Netflix’s earnings beat. “And, amazingly,…
[ad_1] The blowout Netflix earnings weren’t enough to convince one analyst that there’s much upside left on the entertainment streaming giant’s stock price. KeyBanc actually lowered its view on the company a day after Netflix reported earning per share of 89 cents, way ahead of Refinitiv estimates of 68 cents. The company saw nearly seven…
[ad_1] Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix Inc. Morgan Stanley cut its 12-month price target for Netflix, citing global trends like the strong dollar and rising interest rates as upping the online streaming service’s expenses. Netflix is expected to report earnings after the bell Tuesday. The firm…
[ad_1] Netflix has a prediction: The future of live television is Rupert Murdoch’s “New Fox.” “New Fox” is the company that will exist after Fox sells $71.3 billion of its assets to Disney. It’s basically Fox’s broadcast channel, its owned and operated affiliate networks, Fox News, Fox Business, and its national Fox Sports channels. Some…
[ad_1] Streaming revenue grew 36 percent year-over-year during the third quarter, though international revenue was down $90 million due to year-over-year impact from currency. Netflix is projecting it will add 9.4 million net subscribers during the fourth quarter. The company also said in a shareholder letter it would be reclassifying some revenue to reflect how…
[ad_1] IBM will release earnings results for its fiscal third quarter after markets close on Tuesday. Here are the key numbers to watch: Earnings: $3.40 per share, excluding certain items, as expected by analysts, according to Refinitiv. Revenue: $19.10 billion as expected by analysts, according to Refinitiv. Analysts expect IBM’s revenue to drop on a…
[ad_1] Shares of BlackRock, the largest asset manager in the world, fell on Tuesday after the company posted a weaker-than-expected revenue for the third quarter. BlackRock said its revenue totaled $3.576 billion, while analysts polled by Refinitiv expected sales to clock in at $3.648 billion. Sales from BlackRock’s advisory, administration and lending business hit $2.88…
[ad_1] Morgan Stanley shares were poised for their their best day since February 2017 Tuesday after the company topped analysts expectations as strong investment banking results pushed revenue up 15 percent over last year. Bond and equity trading revenue also exceeded expectations despite a late-summer lull. Earnings per share of $1.17 beat the $1.01 forecast…
[ad_1] Goldman Sachs beat analysts’ expectations for third-quarter profit and revenue on strength in all of its major businesses apart from trading. The bank on Tuesday reported earnings per share of $6.28, exceeding the $5.38 estimate by analysts surveyed by Refinitiv and higher than the $5.02 a year earlier. Revenue of $8.65 billion exceeded the…
[ad_1] (Reuters) – Walmart Inc lowered its earnings forecast for the year on Tuesday to include the impact from its acquisition of Indian e-commerce company Flipkart, and said its e-commerce growth next year will be slower than the current fiscal year. FILE PHOTO: The logo of Walmart is seen outside of a new Walmart Store…
[ad_1] Apple earnings may disappoint investors because of a marked deterioration in Chinese demand for iPhones, Goldman Sachs says. “There are multiple signs of rapidly slowing consumer demand in China which we believe could easily affect Apple’s demand there this fall,” Goldman analyst Rod Hall said in an investor note Sunday. Though Hall admitted that…
[ad_1] Bank of America on Monday beat analysts’ estimate for third-quarter profit and revenue as the nation’s second-largest bank set aside less than expected for loan losses. The bank posted earnings per share of 66 cents, a 43 percent increase from a year earlier, exceeding the 62 cent estimate of analysts surveyed by Refinitiv. Revenue…
[ad_1] The man who called the latest sell-off believes earnings hold the key to saving the year’s historic rally. According to Ned Davis Research’s Ed Clissold, the market is going through a panic reaction due to a change in the Federal Reserve’s posture on interest rates. Yet he also believes the damage will ultimately be…
[ad_1] J. P. Morgan Chase topped analysts’ expectations for third-quarter earnings and revenue Friday as better-than-expected retail banking results offset weakness in bond trading. The nation’s largest bank by assets reported that revenue rose 5 percent to $27.8 billion, versus the $27.5 billion average estimate of analysts surveyed by Refinitiv. Earnings per share rose 33…
[ad_1] Net income was $6 billion in the quarter, up 33 percent from last year. Wells Fargo is working on cutting costs. In September, it announced plans to cut 5 percent to 10 percent of its workforce over the next three years as part of an ongoing turnaround plan. Wells employs 265,000 people. It said…
[ad_1] Citigroup reported better-than-expected earnings for the third quarter on Friday as the company’s bottom line received a boost from lower corporate taxes. Here is how the banking giant’s results fared compared with Wall Street estimates: Earnings: $1.73 per share vs $1.69 expected by Refinitiv Revenue: $18.389 billion vs $18.501 billion forecast The company’s stock…
[ad_1] Jason Janik | Bloomberg | Getty Images Robert Neely prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas, U.S., on Tuesday, June 16, 2009. Texas Instruments Inc., the second-largest U.S. semiconductor maker, reported sales and profit that beat analysts’ estimates on stronger…
[ad_1] NEW YORK (Reuters) – Healthcare company shares have taken the lead in the record-setting U.S. stock market, and a desire for investors to become more defensive combined with potentially strong upcoming earnings could drive them even higher. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September…
[ad_1] SHANGHAI (Reuters) – Japan’s Nikkei raced to a 27-year high on Friday on the back of a lower yen and improved prospects for corporate earnings, while optimism over the U.S. economy’s short-term outlook supported broad risk appetite and the dollar. FILE PHOTO: Men exchange greetings in front of an electronic board displaying the Nikkei…
[ad_1] Red Hat stock fell as much as 7 percent and then rebounded on Wednesday after the company reported lower revenue than expected for the second quarter of its 2019 fiscal year, which ended on Aug. 31. Executives will discuss the results with analysts on a conference call at 5 p.m. Eastern time. Here are…
[ad_1] Angela Weiss | AFP | Getty Images A Nike Ad featuring American football quarterback Colin Kaepernick is on diplay September 8, 2018 in New York City. – Nike’s new ad campaign featuring Kaepernick, the American football player turned activist against police violence, takes a strong stance on a divisive issue which could score points…
[ad_1] Oracle shares fell almost 5 percent in extended trading on Monday after the company reported fiscal first-quarter sales that missed analysts’ estimates. Executives will discuss the results with analysts on a conference call at 5 p.m. Eastern time. Here are the key numbers: Earnings: 71 cents per share, excluding certain items, vs. 69 cents…
[ad_1] Wall Street darling Micron drew two big price target cuts Monday morning, with both BMO Capital Markets and Deutsche Bank slashing forecasts and sending shares tumbling in early trading. Shares of the chipmaker fell 1.7 percent after both Deutsche’s Sidney Ho and BMO’s Ambrish Srivastava highlighted softness in the company’s memory chip pricing. “While…
[ad_1] Sonos stock fell as much as 15 percent in extended hours on Monday, erasing a trading-day gain of 13 percent, after the company reported earnings for the third quarter of its 2018 fiscal year, which ended on June 30. Here’s how the company did its its first earnings report: Earnings: Loss of 45 cents…
[ad_1] CHICAGO (Reuters) – Mondelez International Inc (MDLZ.O) forecast smaller-than-expected earnings growth for 2019 as Chief Executive Dirk Van de Put unveiled a series of strategic changes, sending the Chips Ahoy-maker’s shares down 2.8 percent on Friday FILE PHOTO: The logo of Mondelez International is pictured at the company’s building in Zurich November 14, 2012.…
[ad_1] Okta stock jumped as high as 17 percent in extended trading after the company reported better-than-expected results for the second quarter of its 2019 fiscal year, which ended on July 31. The company will hold a conference call with analysts to discuss the results at 5 p.m. Eastern time. Here’s how the company did:…
[ad_1] Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc. Cloudera stock soared 10 percent in extended trading Wednesday after the company posted a smaller-than-expected loss for the second quarter of its fiscal year 2019. Here’s how the company did compared with Wall Street estimates: Earnings: loss of 8…
[ad_1] Workday shares fell about 4 percent in extended trading on Tuesday, even though the cloud software company reported better-than-expected earnings for the fiscal second quarter, which ended July 31. Here are the key numbers: Earnings: 31 cents per share, excluding certain items, vs. 26 cents per share as expected by analysts, according to Thomson…
[ad_1] Emile Wamsteker | Bloomberg | Getty Images A customer exits a Big Lots store in Clifton, New Jersey. Shares of Big Lots plunged in premarket trading Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 10 percent before the opening bell, set…
[ad_1] Salesforce shares fell 2 percent Wednesday after the company reported better-than-expected revenue for the second quarter of its 2019 fiscal year, which ended on July 31. Executives will discuss the results with analysts on a conference call at 5 p.m. Eastern time. Here’s how Salesforce performed: Earnings: 71 cents per share, excluding certain items.…
[ad_1] Best Buy shares tumbled is Tuesday’s premarket even though the electronics retailer reported second-quarter earnings and sales that topped analysts’ expectations. The company also raised its full-year profit outlook, building on its strong performance during the first six months of the year. Still, the retailer’s stock fell more than 6 percent in early trading,…
[ad_1] Box shares dropped as much as 6 percent after the company reported earnings for the second quarter of its 2019 fiscal year and offered slightly weak guidance for the third quarter. Here’s how Box did in its second quarter, which ended July 31: Earnings: Loss of 5 cents per share, excluding certain items, vs.…
[ad_1] Bloomberg | Getty Images Antonio Neri, CEO of Hewlett Packard Enterprise, speaks at the 2017 HP Discover 2017 conference in Las Vegas. Hewlett Packard Enterprise stock rose on Tuesday after the company reported better-than-expected earnings for the third quarter of its 2018 fiscal year, which ended on July 31. The company will hold a…
[ad_1] HP reported better-than-expected fiscal third quarter earnings on Thursday, but the stock dipped in extended trading. Here are the key numbers: Earnings: 52 cents per share, excluding certain items, vs. 51 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $14.59 billion, vs. $14.27 billion as expected by analysts, according to…
[ad_1] Ronaldo Schemidt | AFP | Getty Images Celebration of San Juan de Dios festivity in Tultepec, near Mexico City, Mexico. Barclays raised its year-end projection for the S&P 500 on Thursday, explaining that the bank’s new forecasting model better captures strong second-quarter earnings. Chief equity strategist Maneesh Deshpande revised his December target to 3,000…
[ad_1] Canadian Imperial Bank Of Commerce raised its quarterly dividend as it reported a third-quarter profit of $1.37 billion, a 25 per cent increase from the same period in 2017. RBC kicked off bank earnings yesterday with an 11 per cent increase in third quarter profit. CIBC says it will now pay a quarterly dividend of…
[ad_1] The Chinese titan has tried to bolster the division by striking partnerships with big U.S. consumer brands. Earlier this month, luxury jeweler Tiffany & Co said it would begin selling products on Alibaba’s Tmall site. And Kroger said it would sell some products on Tmall as well. Alibaba is not just an e-commerce player.…
[ad_1] Jefferies is getting more optimistic on Salesforce shares due to its strong deal pipeline. The firm reiterated its buy rating for Salesforce stock, predicting the cloud computing software company will report sales growth above expectations this fiscal year. Salesforce will report its fiscal second-quarter results on Aug. 29. “We believe that CRM will meet…
[ad_1] Royal Bank of Canada raised its dividend as it reported a record $3.1 billion in net income for its third quarter, up 11 per cent from a year ago. The bank’s results, which beat analyst expectations, were driven by earnings growth in its wealth management, capital markets and personal and commercial banking divisions. Royal…
[ad_1] Chinese electronics giant Xiaomi reports second quarter earnings on Wednesday amid pressure on its share price and questions over its long-term business model. It’s the first time Xiaomi will release results as a public company after its initial public offering (IPO) in July. Here’s what the market expects: Revenue of 39.18 billion yuan ($5.72…
[ad_1] Pure Storage shares jumped 9 percent in extended trading on Tuesday after the data center hardware company reported an unexpected profit for its fiscal second quarter. Here are the key numbers: Earnings: 1 cent per share, excluding certain items, vs. loss of 6 cents per share as expected by analysts, according to Thomson Reuters.…
[ad_1] NEW YORK (Reuters) – U.S. stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence. A broad rally pulled all three major U.S. indexes higher following Wednesday’s sell-off. Walmart Inc (WMT.N) shares jumped 9.3 percent after the world’s…
[ad_1] Nvidia stock fell by 6 percent on Thursday after the company reported better-than-expected earnings and lower-than-expected revenue guidance. The company will hold a conference call with analysts at 5:30 p.m. Eastern time. Here are the major numbers: Earnings: $1.76 per share, excluding certain items, vs. $1.66 per share as expected by analysts, according to…
[ad_1] While chip stocks have largely languished in 2018, one name has stood out: Nvidia has rallied 34 percent this year. But, a key test looms Thursday afternoon when the chip giant reports earnings. Some investors see a pullback ahead. “This thing broke out extremely strongly last May and we’ve seen a trend line hold…
[ad_1] When Cisco bought Ann Arbor, Michigan security company, Duo for a whopping $2.35 billion earlier this month, it showed the growing value of security and security startups in the view of traditional tech companies like Cisco. In yesterday’s earnings report, even before the ink had dried on the Duo acquisition contract, Cisco was reporting that…
[ad_1] Giulia March | Bloomberg | Getty Images A flag bearing the Tencent logo is displayed alongside a Chinese flag outside the company’s offices in Beijing, China. Tencent’s stock was in focus after the company posted a quarterly earnings report on Wednesday that missed analyst expectations. Thursday morning trade saw the Chinese tech giant’s Hong Kong-listed…
[ad_1] NEW YORK, (Reuters) – Wall Street fell in a day of heavy trading on Wednesday with the S&P 500 posting its biggest percentage drop since late June as investors turned risk-averse on disappointing earnings and escalating global tariff worries. Chinese technology company Tencent Holdings Ltd (0700.HK) reported its first profit decline in almost 13…
[ad_1] Cisco stock rose more than 5 percent on Wednesday after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on July 28. Here’s how the company performed: Earnings: 70 cents per share, excluding certain items, vs. 69 cents per share as expected by analysts, according to Thomson…
[ad_1] Tencent reports second-quarter earnings Wednesday with investors closely watching the impact of Chinese regulators on the company’s giant gaming business, which is a key driver of revenues. Shares of the Chinese internet giant fell sharply ahead of the earnings report as investors fretted about a potential slowdown in growth in online games and advertising…
[ad_1] (Reuters) – Wall Street’s three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased contagion fears. The S&P 500 and the Dow Jones Industrial Average ended four-day losing streaks with…
[ad_1] As Nvidia gears up to report its latest quarterly earnings this week, one top technician warns of pain ahead on the results. Shares of the chipmaker have been on a tear, now up more than 64 percent in the past year. However according to Carter Worth, head of technical analysis at Cornerstone Macro, the…
[ad_1] Tyrone Siu | Reuters Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Nvidia’s sales will surge over the next year due to its next generation graphics products, according to Jefferies. The firm reiterated its buy rating for Nvidia’s stock, predicting the…
[ad_1] Freshii share prices tumbled almost 10 per cent in early afternoon trading as the Toronto-based restaurant chain missed earnings expectations for the second quarter. The Toronto-based company, which reports in U.S. dollars, saw net income nudge into the black at $298,000 in the latest quarter, compared to a loss of $383,000 in the second…
[ad_1] Shares of Roku shot up 22 percent Thursday after the company beat estimates for the second quarter and reported more viewers spending longer hours streaming content. The company topped Wall Street estimates for quarterly revenue as its strategy to focus on its ad-supported platform paid off. Roku said it added 22 million active accounts…
[ad_1] European stocks are set for a mixed open Thursday morning amid a deepening U.S.-China trade dispute and a flurry of corporate earnings. Britain’s FTSE 100 was seen 34 points higher at 7,766, the German DAX 2 points lower at 12,623, France’s CAC 40 flat and the Italian FTSE MIB down 15 points, according to…
[ad_1] Shares in the FTSE 100 bookmaker and online betting exchange fell 580p to 7540p as it trimmed its full-year pre-tax earnings guidance to £460-480million from £470-495million. Chief executive Peter Jackson said the lower forecast was partly due to changes in the taxation of online betting Down Under, as well as its $770million (£597million) takeover…
[ad_1] Twenty-First Century Fox reported fiscal fourth-quarter earnings that beat analysts’ expectations on Wednesday. Here’s how the company did compared with Thomson Reuters consensus estimates: Earnings: 57 cents per share vs. 54 cents per share expected Revenue: $7.94 billion vs. $7.56 billion expected In the year-ago quarter, Fox reported earnings of 36 cents a share…
[ad_1] (Reuters) – Twenty-First Century Fox Inc’s quarterly profit and revenue topped Wall Street targets on Wednesday, thanks to the popularity of edgy superhero movie “Deadpool 2” and as the company’s cable unit earned higher fees from distributors. FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan…
[ad_1] Computer manufacturer 3D Systems shares skyrocketed on Wednesday after the company reported better-than-expected earnings and revenue for the second quarter. Shares soared as much as 36 percent, putting the stock on track for its best day since Feb. 17, 2011. The company reported earnings after the bell Tuesday of 6 cents per share, crushing…
[ad_1] LONDON (Reuters) – Glencore (GLEN.L) reported a 23 percent rise in first-half core earnings on Wednesday, just below analyst forecasts, as higher costs and lower prices for cobalt and other products ate into profits. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, November…
[ad_1] Investors are digesting developments overnight after the U.S. said it will impose further tariffs on Chinese goods starting August 23, 2018. It is expected that 25 percent import taxes are going to applied to about $16 billion of annual imports. A first set of tariffs, on $34 billion worth of goods, went into effect…
[ad_1] LONDON (Reuters) – World shares held near one-week highs on Wednesday, supported by robust U.S. earnings and expectations of additional stimulus from Beijing that could temper the impact of China’s simmering trade dispute with the United States. FILE PHOTO: People walk past the London Stock Exchange Group offices in the City of London, Britain,…
[ad_1] Dental supplies maker Dentsply Sirona shares dropped on Tuesday after the company cut its earnings and revenue estimates for 2018, citing destocking from partner dealers. Shares tanked 18.7 percent at $39.41 per share, the stock’s worst day in over five years, after the company announced that it expects earnings of $2.00 to $2.15 per…
[ad_1] Snap shares were volatile in post-market trading after the company beat earnings estimates, but daily active users (DAUs) fell due to redesign issues. The company also issued revenue guidance for the first time, but it was lower than estimated. It advised third-quarter revenue at $265 million to $290 million, shy of the FactSet estimate…
[ad_1] Disney’s broadcasting business saw a stunning 43 percent year-over-year growth in operating income to $361 million amid higher program sales, affiliate revenue growth and network advertising revenue. The company said higher sales of “Designated Survivor, “How to Get Away with Murder” and “Grey’s Anatomy” helped drive that increase. In April, Disney launched ESPN Plus,…
[ad_1] TOKYO (Reuters) – Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan October 11, 2017.…
[ad_1] The Stories War has officially killed Snapchat’s growth. In Q2 2018 earnings today, Snapchat’s daily user count shrank 1.5 pecent percent to 188 million this quarter, down from 191 million and positive 2.9 percent user growth last quarter. Snapchat did beat earnings expectations with $262.3 million in revenue and a loss of $0.14 while…
[ad_1] European futures traded slightly higher in premarket trade Tuesday, as investors kept a close eye on trade tension and earnings. Britain’s FTSE 100 was up almost 10 points at 7,668, while the German DAX rose nearly 29 points to 12,613, France’s CAC 40 inched up 13 points to 5,483 and the Italian FTSE MIB…
[ad_1] NEW YORK (Reuters) – The three major U.S. stock indexes closed higher on Monday as investors applauded a strong U.S. earnings season with results from Berkshire Hathaway impressing and Facebook lifting Nasdaq after a report it was planning new services. The S&P edged closer to a record hit on Jan. 26, closing within a…
[ad_1] TOKYO (Reuters) – A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling with an intensifying Sino-U.S. trade conflict. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo,…
[ad_1] Japan’s SoftBank Group Corp reported a 49 percent jump in quarterly profit on Monday, boosted by the sale of its stake in Indian e-commerce giant Flipkart in the first public divestment by the conglomerate’s massive Vision Fund. SoftBank, which is planning to list its domestic telecoms business, also said profit was bolstered by the…
[ad_1] Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower. Sterling dropped to an 11-month low after the British trade minister warned that the nation was…
[ad_1] Twilio shares jumped 16 percent in extended trading on Monday after the cloud software company reported better-than-expected second quarter results. Here are the key numbers: Earnings: 3 cents per share, excluding certain items, vs. loss of 5 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $147.8 million, vs. $131.1 million…
[ad_1] NEW YORK (Reuters) – Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower. FILE PHOTO: A trader works at Frankfurt’s stock exchange in Frankfurt, Germany,…
[ad_1] Investors came into this earnings season with high hopes as FactSet had forecast year-over-year profits to grow by 20 percent in the second quarter. So far, second-quarter earnings have increased by 24 percent through Friday. At this rate, quarterly earnings are on pace to post their second-highest year-over-year growth since the third quarter of…
[ad_1] (Reuters) – The S&P 500 edged higher on Monday, buoyed by strong results from Berkshire Hathaway Inc and Tyson Foods, while Nasdaq got a lift from gains in Facebook and PepsiCo. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July 31,…
[ad_1] NEW YORK (Reuters) – Stocks around the world advanced on Friday on strong earnings, with consumer staples results boosting Wall Street, though a trade spat between the United States and China along with weaker-than-expected U.S. jobs numbers capped gains and weighed on the dollar. FILE PHOTO: Traders work on the floor of the New…
[ad_1] NEW YORK (Reuters) – U.S. stocks advanced on Friday as upbeat earnings helped investors shrug off heightened trade anxieties and weaker-than-expected July jobs growth. For the week, the S&P 500 and the Nasdaq gained ground, up 0.8 percent and 1.0 percent, respectively, while the Dow was essentially flat. The S&P 500 notched its fifth…
[ad_1] NEW YORK (Reuters) – Stocks around the world edged higher on Friday on robust earnings, with consumer staples results boosting Wall Street, though a trade spat between the U.S. and China and tepid U.S. jobs numbers capped gains and weighed down the dollar. FILE PHOTO: Traders work on the floor of the New York…
[ad_1] Shares of Tesla closed more than 16 percent up Thursday, a day after CEO Elon Musk and the automaker promised a profitable second half of 2018 during its second-quarter earnings report. The stock had its best day since December 2013 when it gained 16.53 percent. It’s a welcome stock bump for investors, who sent…
[ad_1] “Elon Musk apologized multiple times for his inappropriate behavior on last quarter’s call,” analyst Brad Erickson said in the note to clients Wednesday. “TSLA’s forward commentary was mostly better than feared, … and the CEO worked to restore some faith and credibility with investors that he can be a plus to the investment narrative,…
[ad_1] GoPro is scheduled to report second-quarter earnings after the market close Thursday. Here’s what Wall Street expects: Loss per share: 22 cents, forecast by Thomson Reuters. Revenue: $270.2 million, forecast by Thomson Reuters. Analysts forecast a 9 percent year-over-year decline in revenue. The stock has plunged 25 percent in the past 12 months as…
[ad_1] Apple reached a $1 trillion market cap on Thursday after reporting strong earnings earlier this week, the first US company to reach that milestone, and with results up for a number of reasons — sales of its higher-priced iPhone X and its booming services business, among them. But there is another underappreciated earnings tailwind…
[ad_1] CBS will report second-quarter earnings on Thursday as turmoil swirls around the media company as the important fall TV season approaches. CEO Les Moonves is facing a board investigation after the New Yorker published a story on Friday with six women accusing him of sexual misconduct spanning three decades. The allegations against Moonves include…
[ad_1] Apple may have just notched up its fourth straight quarter of double-digit revenue growth in China, but among some Chinese consumers the glow was overshadowed by Chinese state media’s tirade of criticism against the smartphone giant. On Tuesday evening in China, hours before Apple’s earnings, China’s official state broadcaster railed against the firm in a…
[ad_1] Trade tensions between the U.S. and China have hit business and consumer confidence — and that’s a bigger challenge to overcome right now compared to any economic damage inflicted by new tariffs, according to the chief executive of Southeast Asia’s largest bank. “The bigger challenge is really the psychological challenge,” Piyush Gupta, CEO of…
[ad_1] Tesla reported quarterly earnings and revenue that missed analysts’ expectations on Wednesday. Here’s how the company did compared with what Wall Street expected: Losses: -$.3.06 per share vs. -$2.92 per share forecast by Thomson Reuters Revenue: $4.00 billion vs. $3.96 billion forecast by Thomson Reuters Automotive gross margins increased to 20.6 percent. Model 3…
[ad_1] Fitbit is expected to report second-quarter results after the close Wednesday. Here is what Wall Street expects: Loss per share: 24 cents, forecast by Thomson Reuters. Revenue: $285.4 million, forecast by Thomson Reuters. The stock has been flat in 2018, gaining about 2 percent. In the same period, the Invesco QQQ Trust, which tracks…
[ad_1] The key question on investors’ minds when Tesla reports second quarter earnings after the market closes Wednesday is when it will start to turn a profit. Now that the company has reached key production milestones on its Model 3 mid-size electric sedan, investors are worrying less about Tesla’s ability to ramp up production and…
[ad_1] Apple may have impressed investors with its fiscal third quarter earnings, but CNBC’s Jim Cramer thinks “the ultimate consumer products company” ought to have a price-to-earnings multiple to match. “There are many metrics Apple uses, this has a 17 multiple. How is that possible?” Cramer said on “Squawk on the Street.” “That is insane.”…
[ad_1] That report, however, comes after Bloomberg News reported that the U.S. and China are trying to restart talks in order to avoid a full-blown trade war. The report said, citing sources familiar with the situation, that representatives of Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are talking privately about the matter.…
[ad_1] Getty Images Apple CEO Tim Cook delivers the keynote address during Apple WWDC on June 8, 2015, in San Francisco. Apple shares rallied after the company beat Wall Street expectations on both the top and bottom lines as well as for average iPhone selling price. Apple’s stock jumped more than 4 percent in premarket…
[ad_1] Apple is set to report earnings after the bell Tuesday, just as the tech sector witnesses a deep sell-off across other tech giants such as Amazon, Netflix and Facebook. “We continue to recommend Apple,” Baird senior research analyst Will Power told CNBC in early July. “That’s our top big-cap pick. I do think there’s…
[ad_1] Laser-manufacturer IPG Photonics shares tanked on Tuesday after reporting disappointing second-quarter earnings before the bell. Shares closed down 27 percent, making it the worst performer in the Standard and Poor’s 500 index on Tuesday. The company reported second-quarter earnings per share at $2.21, below a $2.25 consensus estimate by Thomson Reuters, despite growing 16…
[ad_1] The record services revenue is partly the result of a one-time line item totaling $236 million related to lawsuits, the company said. It also saw a boost from increased paid subscribers through the App Store, a 50 percent year-over-year increase in cloud revenue, and higher Apple Pay usage rates. “Apple Pay continues to expand…
[ad_1] (Reuters) – Apple Inc sales led by the pricey iPhone X pushed quarterly results far beyond Wall Street targets on Tuesday, with subscriptions from App Store, Apple Music and iCloud services bolstering business. FILE PHOTO: A customer uses the new face-recognition software on the new iPhone X inside the Apple Store in Regents Street…
[ad_1] Another “rant” by Tesla CEO Elon Musk could eclipse what is expected to be a great quarter for the electric car maker, one analyst told CNBC on Tuesday. “My hope is that he’s going to be in apologetic mode,” Romit Shah, senior analyst at Nomura Securities International, said in a “Closing Bell” interview. “Because…
[ad_1] Apple Inc. on Tuesday posted quarterly results that topped Wall Street targets and forecast revenue in the current quarter above expectations, driven by sales of higher-priced iPhones and revenue from services like the App Store, Apple Music and iCloud. Apple beat sales estimates in part by selling fewer but pricier iPhones than analysts expected.…
[ad_1] Baidu is scheduled to report second-quarter earnings after the market close Tuesday. Here’s what Wall Street expects: Earnings: 16.46 yuan per share, forecast by Thomson Reuters Revenue: 25.56 billion yuan, forecast by Thomson Reuters In June, the Chinese search giant said it reached 150 million daily active users on its main search and news…
[ad_1] GoPro shares could rise significantly when the company posts its financial results this week, according to J.P. Morgan. The firm said the company’s stock price is now low enough for the shares to rally on a decent earnings report. GoPro is slated to report its second-quarter earnings results Thursday after the market close. “We…
[ad_1] Apple will report its fiscal third-quarter earnings after the bell Tuesday, as tech stocks continue to tank throughout a rocky earnings season. Here’s what Wall Street is expecting from Apple: Earnings per share: $2.18, according to a Thomson Reuters estimate Revenue: $52.34 billion, according to a Thomson Reuters estimate iPhone unit sales: 41.79 million,…
[ad_1] Here are some of the highlights for the second quarter: Net income: 647 million Swiss francs ($655 million) Net revenues: 5.6 billion Swiss francs ($5.57 billion) CET1 ratio: 12.8 percent Tidjane Thiam, chief executive officer of Credit Suisse, said the second quarter of 2018 “was a period of continued strong performance as we achieved…
[ad_1] Several standout companies are already taking their places as the “clear winners” of earnings season, CNBC’s Jim Cramer said on Monday as stocks stayed under pressure from technology-driven weakness. First on his winners’ list was semiconductor maker Advanced Micro Devices, which delivered a better-than-expected second-quarter earnings report on Thursday, July 26. Echoing his earlier…
[ad_1] (Reuters) – Dow futures got a slight boost on Monday after an encouraging report from Caterpillar, a bellwether for global economic activity, while S&P and Nasdaq futures remained under pressure from technology stocks. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July…
[ad_1] NEW YORK (Reuters) – U.S. stock index futures dipped late on Sunday ahead of a week when more than 140 S&P 500 companies, including Apple Inc (AAPL.O), will report earnings. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid At 9:07 p.m.,…
[ad_1] This week, the two companies that dominate internet advertising both reported earnings, and the contrast was sharp. Google’s parent company Alphabet reported blowout earnings on Monday. It showed strong growth in its core business while giving Wall Street renewed faith in several of its nearer-term businesses. Facebook’s disappointing earnings report Wednesday caused a massive…
[ad_1] NEW YORK (Reuters) – World shares fell on Friday as corporate results and economic data failed to wow investors, leaving them to stew over trade tariffs and central bank policies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid The MSCI All-Country…
[ad_1] “Second-quarter results beat our expectations almost across the board, with torrid growth in advertising, acceleration in Amazon Web Services to 49 percent year-over-year growth, significantly improving margins across North America and international retail businesses and new highs in Amazon Web Services operating margins, driven by operating efficiencies at Amazon Web Services, international retail, domestic…
[ad_1] Investors are looking at Twitter with a closer eye after Facebook experienced a downtick in European user numbers due to new data privacy regulations on the continent. Twitter is scheduled to report second-quarter earnings before the bell on Friday. Here’s what Wall Street is expecting: Estimated earnings per share: 17 cents, according to a…
[ad_1] Amazon reports second-quarter earnings after the bell Thursday, and its results could help it become the world’s first $1 trillion company. “Amazon is probably the most beloved of the FANG stocks,” RBC Capital Markets analyst Mark Mahaney told CNBC on Monday. “The revenue growth is accelerating and margins are expanding.” Analysts say Amazon is…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) forecast strong fall sales and posted a profit that was double Wall Street targets on Thursday thanks to the retailer’s younger, higher-earning businesses, including cloud computing and advertising. Shares rose more than 3 percent in after-hours trade. The report may come as a relief to investors in the U.S.…
[ad_1] Amazon reported a huge beat on profits but a narrow miss on revenue for its second-quarter earnings on Thursday. Amazon stock is up roughly 3 percent in extended trading. Here are the most important numbers: EPS: $5.07 vs. $2.50, as estimated, according to Thomson Reuters Revenue: $52.9 billion vs. $53.41 billion, as estimated, according…
[ad_1] Intel stock fell by more than 6 percent on Thursday following the release of the company’s second-quarter earnings, which were better than expected. Here’s how the company did in the quarter: Earnings: $1.04 per share, excluding certain items, vs. 96 cents per share expected by analysts, according to Thomson Reuters. Revenue: $16.96 billion, vs.…
[ad_1] Group 1 Automotive‘s earnings rose to new records thanks to an increase in sales of used cars, Earl Hesterberg, the firm’s president and CEO, told CNBC on Thursday. Same-store used car sales in the U.S. were up 11 percent in the quarter. “That’s a number I’ve never seen before,” Hesterberg said on “Power Lunch.”…
[ad_1] Patrick T. Fallon | Bloomberg | Getty Images Andy Jassy, CEO of Amazon Web Services. Amazon on Thursday said that its cloud business grew nearly 48.9 percent in the second quarter, coming in above analysts’ expectations. The growth keeps Amazon’s cloud solidly ahead of its closest rivals, Microsoft and Google, as well as smaller…
[ad_1] Facebook‘s plunge comes after company executives spooked investors with warnings about decelerating revenue and ongoing privacy policy changes. “Facebook’s terrible results and guidance was the second of the Q2 FANG misses,” said Fred Hickey, editor of The High Tech Strategist. “Amazon needs to come through for the tech bulls tonight or there may be…
[ad_1] Advanced Micro Devices (AMD) is up approximately 6 percent following a strong earnings report. Immediately after the open, it reached above 8 percent. The Santa Clara, California-based company exceeded Wall Street’s expectations in both earnings and revenue: Earnings per share: $0.14 vs. $0.13 , forecast by Thompson Reuters. Revenue: $1.76 billion vs. $1.72 billion,…
[ad_1] Fortnite for PS4, Xbox One, and Nintendo Switch continues to rake in revenue, topping console earnings this June. According to a report from SuperData, Epic Games’ battle royale sensation continues to dominate the console charts. This is in sharp contrast to its fortunes on PC that has seen PlayerUnknown’s Battlegrounds (PUBG) take the lead…
[ad_1] Justin Sullivan | Getty Images Brian Roberts, CEO of Comcast Comcast reported mixed quarterly results Thursday, beating Wall Street estimates on earnings but falling short on revenue. Here’s how the company did compared with what Wall Street forecast: Earnings: 65 cents per share vs. 60 cents per share forecast by Thomson Reuters Revenue: $21.74…
[ad_1] Amazon is expected to show bigger profits when it reports second-quarter earnings on Thursday, backed by the continued growth of its higher-margin businesses, like cloud, advertising and third-party marketplace. Wall Street estimates Amazon to post second-quarter profit of $2.50 per share, or roughly $1.2 billion, up from the 40 cents per share reported a…
[ad_1] Shares of GrubHub soared more than 25 percent on Wednesday, following a strong second-quarter earnings report and the company’s announcement it would acquire mobile ordering and mobile payments platform LevelUp. The gains pushed GrubHub’s shares to an all-time high of $138.85 per share during regular trading. The online food ordering company beat on earnings…
[ad_1] Leah Millis | Reuters Facebook CEO Mark Zuckerberg is seen through reflective glass as he sits in the office of Senator Bill Nelson (D-FL) while he waits for a meeting in the Hart Senate Office Building in Washington, U.S., April 9, 2018. Facebook’s stock was already down around 8 percent after reporting second quarter…
[ad_1] Wehner also said the company expects margin compression, with operating margins trending toward “mid-30s on a percentage basis,” compared with second-quarter operating margins of 44 percent. That tightening is the result of broadening markets, investments in news products — such as the recent introduction of the company’s long-form video format, IGTV — and capital…
[ad_1] Facebook’s share price fell over 20 percent in after-hours trading today after the company announced its slowest-ever user growth rate and a scary warning that its revenue growth would rapidly decelerate. Before today’s brutal Q2 earnings, Facebook’s share price closed today at $217.50 – a record high — but fell to around $172 after…
[ad_1] Qualcomm shares jumped in extended trading on Wednesday after the chipmaker reported better-than-expected quarterly results and said it plans to repurchase as much as $30 billion in stock. The buyback move — an upward revision from the $10 billion repurchase program announced in May — came as a result of Qualcomm saying it would…
[ad_1] Facebook has hit a wall. The social network succumbed to the public backlash over its handling of fake news, privacy, and digital wellbeing to miss some of Wall Street’s estimates, showing mixed results in its Q2 2018 earnings. GDPR, Mark Zuckerberg’s testimony before congress, and more scandals appear to have contributed to Facebook’s weak…
[ad_1] PayPal reported second-quarter earnings that topped Wall Street estimates on Wednesday, but its third-quarter revenue outlook fell short. Here’s how the company did compared with what Wall Street expected: Earnings per share: 58 cents vs. 57 cents, forecast by Thomson Reuters Revenue: $3.86 billion vs. $3.81 billion, forecast by Thomson Reuters For the third-quarter,…
[ad_1] Ford is set to report second-quarter earnings after the markets close Wednesday. Here’s what Wall Street expects, based on analysts estimates compiled by Thomson Reuters: Earnings: 31 cents per share Revenue: $35.83 billion Analysts will be watching to see how the changes Jim Hackett has made in his first year as CEO are playing…
[ad_1] Facebook investors are waiting to see if data leaks and fake news scandals have impacted the platform’s user rates. The company is slated to report its second-quarter earnings after the bell on Wednesday. Here’s what the street expects: Estimated earnings per share: $1.72 per a Thomson Reuters consensus estimate Estimated revenue: $13.36 billion per…
[ad_1] Justin Tallis | AFP | Getty Images Jack Dorsey, CEO of Square, Chairman of Twitter and a founder of both, holds an event in London on November 20, 2014. Twitter shares will keep going higher, even after their stunning rally so far this year, as the company benefits from its platform changes, according to…
[ad_1] As Facebook soars to new highs, some traders are betting on even more gains when the social media company reports earnings this week. Shares of the tech giant were rallying Tuesday, notching a new all-time intraday high. The stock is now up more than 40 percent from its lows during the Cambridge Analytica scandal…
[ad_1] Canadian National Railway Co. has increased its earnings outlook and capital program for the year following a quarter that saw its net income increase 27 per cent in the last quarter compared with last year. The company said Tuesday after markets closed that a “robust demand environment” along with its strong performance in the…
[ad_1] Scott Eells | Bloomberg | Getty Images A vacuuming Roomba model robot is displayed at iRobot headquarters in Bedford, Massachusetts, Roomba-maker iRobot soared after the company posted second-quarter earnings that easily topped Wall Street expectations on Tuesday. The stock surged 20 percent in after-hours trading. Here’s what the company reported compared to analyst estimates:…
[ad_1] Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, CEO, AT&T AT&T is expected to report second quarter earnings and revenue after the bell on Tuesday. Here’s what Wall Street expects: Earnings: 85 cents per share, according to Thomson Reuters Revenue: $39.39 billion, according to Thomson Reuters This quarter marks the first financial…
[ad_1] The pan-European Stoxx 600 closed provisionally up 0.86 percent with almost every sector in the black. The benchmark reached a five-week intraday high. Basic resources led the gains on Tuesday, rallying 4.78 percent, with the sector on track for its best day since President Donald Trump’s election victory in November 2016. Meanwhile, autos stocks…
[ad_1] “Alphabet’s $85 billion annualized Websites business accelerated on an ex-FX basis to 24 percent year over year growth, driven by 44 percent year over year mobile search growth, 32 percent YouTube growth, and 12 percent desktop search growth. This speaks to Alphabet’s innovation, user/advertiser focus, and ability to build and monetize around its seven…
[ad_1] Shares in Google parent Alphabet jumped in after-hours trading Monday as the company’s second-quarter results exceeded Wall Street forecasts after taking into account a $5 billion US charge levied by European regulators. The company reported second-quarter profit of $3.2 billion US. When excluding the fine, earnings came to $11.75 US per share, which topped…
[ad_1] Google parent company Alphabet just reported its second quarter earnings and the stock popped after-hours on the results. Here are the most important numbers: — Earnings per share (adjusted): $11.75 vs $9.59 expected by a Thomson Reuters consensus estimate — Revenue: $32.66 billion vs $32.17 billion expected by a Thomson Reuters consensus estimate The…
[ad_1] CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N) will give investors on Tuesday a fresh look at the impact of trade conflicts and a strong dollar on its profits, and analysts are bracing for bad news and more cost-cutting. FILE PHOTO: A U.S. flag is pictured in front of Harley-Davidson bikes at the “Hamburg Harley Days”…
[ad_1] Alphabet, Apple and Amazon are all creeping closer to becoming the world’s first $1 trillion company in what appears to be the priciest horse race of all time. Some chart-minded traders think that of the bunch, Alphabet stands the biggest chance of getting there first. Alphabet, Google’s parent company, which is scheduled to report…
[ad_1] The acceleration of U.S. trade actions poses a risk to S&P 500 earnings through falling export revenues and rising input costs for American companies, according to Goldman Sachs. A 10 percent tariff on all imports from China would lower Goldman’s 2019 S&P 500 earnings per share estimate by 3 percent, Goldman Sachs chief U.S.…
[ad_1] Tech regulation was back in the spotlight last week after European Union regulators fined Google a record 4.34 billion euro (about $5 billion) for breaching the bloc’s antitrust rules. According to EU officials, Google abused the popularity of its Android operating system by making phone manufacturers pre-install Google apps, such as Chrome and Search.…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump’s latest tariff threats against China offset a string of robust earnings led by Microsoft. The Dow Jones Industrial Average posted its third consecutive weekly gain, while the S&P 500 also rose for a…
[ad_1] NEW YORK (Reuters) – U.S. stocks were largely unchanged on Friday as escalating trade anxieties driven by U.S. President Donald Trump’s latest tariff threats against China offset a string of robust earnings led by Microsoft Corp (MSFT.O). FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] The barrage of big tech earnings reports due out next week may overwhelm investors. After all, Alphabet, Facebook and Amazon have a combined market cap of $2.27 trillion, and these stocks could see meaningful drops if they fail to impress Wall Street. The options market, however, seems to be telling shareholders, “not to worry.”…
[ad_1] American Express tumbled after the company reported revenue that fell short of expectations on Wednesday. The stock fell more than 3 percent in after-hours trade. Here’s how the company did compared with what Wall Street expected: Earnings: $1.84 per share vs. $1.82 per share, forecast by Thomson Reuters Revenue: $10.00 billion vs. $10.05 billion,…
[ad_1] Amazon shares will keep surging even after its stunning rise so far this year, according to J.P. Morgan. The firm reiterated its overweight rating for Amazon shares, predicting the company will report sales above expectations for its second quarter. “Amazon is one of our top picks … Turning to the 2Q set-up, even at…
[ad_1] NEW YORK (Reuters) – U.S. stocks dropped on Thursday after earnings disappointed and trade jitters escalated over worries that the European Union could slap retaliatory tariffs on goods imported from the United States. Officials from the EU Trade Commission, due in Washington next week for trade talks, are said to be preparing a list…
[ad_1] Microsoft will report earnings for the fourth quarter of its 2018 fiscal year, which ended on June 30, after the bell on Thursday. The company will hold a conference call with analysts at 5:30 p.m. Eastern time. Here’s what analysts are expecting: Earnings: $1.08 per share, excluding certain items, according to Thomson Reuters. Revenue:…
[ad_1] TOKYO (Reuters) – Asian shares on Thursday struggled to hold earlier gains made after upbeat Wall Street earnings, as trade war jitters rattled China’s stock and currency markets, with the yuan hitting fresh one-year lows. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018.…
[ad_1] TOKYO (Reuters) – Asian shares extended early gains on Thursday as upbeat Wall Street earnings buoyed global investor sentiment, although trade war jitters pushed China’s yuan to fresh one-year lows in both the onshore and offshore markets. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March…
[ad_1] TOKYO (Reuters) – Asian shares made early gains on Thursday as upbeat Wall Street earnings supported global investor sentiment, although trade war jitters pushed China’s offshore yuan to a fresh one-year low. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai/File Photo…
[ad_1] Morgan Stanley crushed profit expectations on trading and investment banking results that exceeded analysts’ expectations. The New York-based company said profit surged 39 percent to $2.44 billion in the second quarter from a year earlier, exceeding the $2 billion estimate of analysts surveyed by Thomson Reuters. Earnings per share of $1.30 surpassed the $1.11…
[ad_1] Andrew Harrer | Bloomberg | Getty Images Ginni Rometty, chief executive officer of International Business Machines Corp. IBM will report second-quarter earnings after the bell on Wednesday. The company will hold a press conference with analysts at 5 p.m. Eastern time. Here’s what analysts are expecting: Earnings: $3.04 per share, excluding certain items, according…
[ad_1] NEW YORK (Reuters) – Wall Street stocks rose on Tuesday, with the Dow Jones Industrial Average posting its fourth consecutive session of gains after Federal Reserve Chairman Jerome Powell expressed an optimistic U.S. economic view and solid earnings bolstered the outlook for a robust reporting period. In written statement Powell signaled that an era…
[ad_1] Goldman Sachs said profit surged 40 percent to $2.57 billion in the second quarter, exceeding analysts’ estimates on better-than-expected revenue from every major business with the exception of trading. The stock slipped as the company said legal and regulatory costs increased. Earnings of $5.98 per share beat the $4.66 estimate of analysts surveyed by…
[ad_1] When the stock of Netflix rebounded on Tuesday, driving the Nasdaq to a 52-week high, CNBC’s Jim Cramer knew he had to explain Netflix’s rally, especially after the company failed to appease investors with its second-quarter earnings report. “Of course the stock was laid to waste,” the “Mad Money” host said. “The mystery here…
[ad_1] BlackRock, the largest asset manager in the world, on Monday reported second-quarter earnings and revenue that surpassed analyst expectations. The company also reported, however, a slowdown in inflows amid increasing market uncertainty. Here is how the company’s results fared compared with Wall Street estimates: Earnings: Adjusted $6.66 per share, vs $6.55 expected by Thomson…
[ad_1] Netflix shares got a rare Wall Street downgrade from Buckingham Research Group on the day the online television and firm streaming provider is set to report second-quarter earnings. Buckingham downgraded the stock to underperform from neutral and lowered its price target to $301 from $333. The new target implies a 16 percent drop from…
[ad_1] The Bank of America cost-cutting machine hummed along for another quarter. The second-biggest U.S. lender said that second-quarter profit surged 33 percent to $6.8 billion, exceeding the $5.92 billion estimate of analysts surveyed by FactSet. Executives said it was the 14th straight quarter the company posted positive operating leverage, or increased profit by turning…
[ad_1] Netflix is slated to report second quarter earnings after the market closes on Monday. Here’s what Wall Street expects: Estimated earnings per share (EPS): 79 cents per a Thompson Reuters consensus estimate. Estimated revenue: $3.94 billion Estimated subscriber additions: 5.11 million subscribers internationally and 1.23 million subscribers domestically, per FactSet and Street Account If…
[ad_1] Netflix is scheduled to report earnings after the bell on Monday, but as much as the stock has surged this year, technician Craig Johnson of Piper Jaffray is warning investors against the streaming giant ahead of the event. “There’s a 9 percent implied volatility move coming into the quarter here,” he said Friday on…
[ad_1] Patrick T. Fallon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix It may be a bumpy road for Netflix as the streaming giant prepares to report its latest quarterly earnings. Netflix is scheduled to report its Q2 earnings after the bell on Monday. It is expected to post earnings per…
[ad_1] Bank stocks in the U.S. have been underperforming the broader markets this year — that’s set to continue unless those lenders start building up their capital again, said Dick Bove, Hilton Capital Management’s widely followed chief strategist. The veteran bank analyst made those comments after three major American banks kicked off the sector’s earnings…
[ad_1] J.P. Morgan Chase, the biggest U.S. lender by assets, posted record second-quarter profit of $8.32 billion, exceeding estimates as it posted stronger-than-expected trading results. Profit surged 18 percent, clobbering analyst estimates for a 9.4 percent increase. Earnings per share were $2.29 in the quarter, beating the $2.22 estimate. It was the 14th straight quarter…
[ad_1] Still, CEO Michael Corbat said in a statement that Citigroup “drove strong year-over-year revenue growth in many of our businesses – including our International Consumer franchise, Treasury and Trade Solutions, Equities, and the Private Bank. And we continue to support our clients as evidenced by solid loan growth that was balanced across businesses and…
[ad_1] The bank has been under pressure for several quarters because of multiple probes into its sales practices. Two years ago, the scandal burst into the public eye when it was disclosed that retail bank employees had created fake accounts in customers’ names to meet sales targets. Sales issues later emerged in other businesses, such…
[ad_1] Shares of PNC Financial Services ended trading Friday up 0.2 percent after beating estimates in its second-quarter earnings report. The regional bank reported earnings of $2.72 per share, beating estimates from analysts surveyed by Thomson Reuters by 14 cents. PNC also posted better-than-expected revenue, bringing $4.32 billion, compared to $4.25 billion expected. PNC showed…
[ad_1] NEW YORK (Reuters) – The safe-haven U.S. dollar touched to a two-week high on Friday after data showed a record Chinese trade surplus, while Wall Street stocks were little changed on mixed bank earnings and gains in industrials. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] Netflix bulls have been rewarded this year, to say the least. With the stock’s more than 110 percent gain so far in 2018 and what some Wall Street analysts see as an unchallenged perch in the streaming space, Netflix is far outpacing the market and many of its peers in media. But risks surround…
[ad_1] After financials report Friday, the S&P 500 is likely to pass the 2,800 mark, investor Steve Grasso told CNBC. “Prior to tomorrow’s opening, when you get these companies that should perform pretty well, you should see the market overtake that 2,800 level,” Grasso, director of institutional sales at Stuart Frankel, said Thursday on “Closing…
[ad_1] “They trade at a stock price multiple with high shareholder expectations to deliver extraordinary growth,” he said. “And when they look internally at their own business plans, they have doubts on delivering what their stock multiple is implying.” That hunger for growth will continue to drive a record year in mergers, the 30-year J.P.…
[ad_1] President Donald Trump‘s latest tariff plans sent the market into negative territory on Wednesday. But Tony Dwyer, chief market strategist at Canaccord Genuity, told CNBC that investors shouldn’t worry about trade tensions or tariffs. “The market moves with the direction of earnings,” Dwyer said Wednesday on “Fast Money.” “As long as the economy is…
[ad_1] U.S. stocks opened higher on Thursday, recovering from a selloff a day earlier as higher oil prices and merger activity helped offset fears of a Sino-U.S. trade war. [ad_2] Source link
[ad_1] The latest earnings season is under way and technology and bank companies are expected to report strong quarterly results, according to strategists at Credit Suisse. Excluding tax benefits, second-quarter earnings for companies in the S&P 500 technology sector are forecast to have risen by 19.9 percent, the bank found. Profits in financials, meanwhile, are…
[ad_1] (Reuters) – U.S. stock index futures rose on Tuesday, as focus turned to the U.S. corporate earnings season that kicks off this week, while worries of a trade dispute took a back seat in the wake of encouraging economic data. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] LONDON (Reuters) – World shares hovered near three-week highs on Tuesday, supported by optimism about U.S. company earnings and expectations that global economic growth can withstand trade tensions, although political bickering kept British markets on the backfoot. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March…
[ad_1] The group was catapulted into the FTSE 100 for the first time last month after seeing its share price rocket more than 260 per cent over the past year following a string of deals – most recently signing up US giant Kroger in May. It has struck similar agreements in Europe and beyond, and…
[ad_1] Bullish Wall Street watcher Bill Stone sees a strong earnings season ahead, with energy and technology stocks grabbing the biggest profits. In a recent interview, PNC’s former global chief investment strategist cited strong economic fundamentals as a major catalyst for blowout numbers. “From an earnings standpoint, energy probably will grow earnings about 130 percent,…
[ad_1] The 33-year-old opted out of the final year of his Cavs deal on Friday in order to test his value on the open market – but he could yet resign with his hometown club. Los Angeles is believed to be the other serious contender, hoping to tempt LeBron to the Western Conference for the…
[ad_1] Red Hat’s stock may have just had its worst trading day since 2006 after the company’s earnings guidance underwhelmed Wall Street, but that won’t matter in the longer term, CEO Jim Whitehurst told CNBC on Friday. “If I could change anything” about the post-earnings conference call, “I would encourage investors to look long-term,” Whitehurst,…
[ad_1] David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors The language employed by Tesla’s Elon Musk when speaking on earnings calls is at the level of a 12-year-old, according to a report from CB Insights. Stretching back to 2011, the research firm has carried out…
[ad_1] Red Hat stock fell by more than 10 percent on Thursday after the company reported better-than-expected earnings for the first quarter of its 2019 fiscal year but lower-than-expected guidance. Here’s how the company performed: Earnings: Excluding certain items, 72 cents per share, vs. 69 cents per share as expected by analysts, according to Thomson…
[ad_1] Deutsche Bank upgraded Citigroup shares to buy from hold, noting the stock could get a boost from beaten-down levels given upcoming stress test results and a better business environment. Citi shares are down 17 percent from their 52-week high hit in late January, underperforming Bank of America and J.P. Morgan Chase by 9 percent…
[ad_1] Oracle reported better-than-expected earnings for its fiscal fourth quarter after customers spent more money on cloud services. The stock rose slightly in extended trading after falling 0.5 percent to $46.27 at the close. The company will hold a conference call with analysts at 5 p.m. Eastern time to discuss the results. Here are the…
[ad_1] J.P. Morgan believes Micron shares can go higher even after its stunning rally. The firm reiterated its overweight rating for the chipmaker’s shares, citing strong demand for memory chips in the cloud computing market. “Stay long Micron heading into earnings. We see further upside in Micron shares as the team is executing well in…
[ad_1] Adobe stock fell as much as 5 percent on Thursday after the company reported better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on June 1. Here’s how the company performed: Earnings: Excluding certain items, $1.66 in earnings per share vs. $1.54 in earnings per share as expected by analysts,…
[ad_1] Noted value investor Bob Olstein is 100 percent behind the call by Warren Buffett and Jamie Dimon to end quarterly earnings guidance by companies. “They should make it illegal to make specific quarterly earnings estimates. It leads to nothing that is good. They manipulate earnings to reach it. They take their eye off the…
[ad_1] Electronic signature company DocuSign saw its stock jump as much as 10 percent on Thursday after it reported strong results in its first earnings statement as a public company. Here’s how the company did: Earnings: Excluding certain items, 1 cent per share, vs. loss of 7 cents per share as expected by analysts, according…
[ad_1] Source: Nasdaq Katrina Lake, CEO of Stitch Fix and others, celebrate their IPO at the Nasdaq, November 17, 2017. Stitch Fix soared after the company reported strong earnings and user growth on Thursday. Here’s how the company did compared to what Wall Street expected: Earnings: 9 cents vs. 3 cents forecast by Thomson Reuters…
[ad_1] Warren Buffett and Jamie Dimon want companies to get away from a short-term approach to management and are therefore suggesting they ditch quarterly financial forecasts. But quarterly guidance — which only 28 percent of companies offered in 2016 — is only part of the problem. The bigger problem for boards and CEOs is a…
[ad_1] Cloud security firm Zscaler soared as much as 37 percent Thursday, a day after reporting that its billings surged in the company’s third quarter ended April 30. Shares traded as high as $42.16 on Thursday, up from Wednesday’s close of $30.65, before falling to roughly $38.00 by mid-morning. The company reported revenue growth of…
[ad_1] Wall Street veteran Edward Yardeni doesn’t expect the uptick in geopolitical concerns will ravage the stock market this year — even though President Donald Trump may not be making it easy to see that right now. “I’ve never seen a President that has been this bullish and bearish at the same time,” the Yardeni…
[ad_1] Zuora shares surged more than 20 percent on Friday after the cloud software company reported better-than-expected results in its first earnings report since going public. The stock jumped $4.69 to $26.87 as of mid-day, giving the company a market capitalization of $2.8 billion. The shares have almost doubled in value since Zuora’s IPO in…
[ad_1] Box investors came into Wednesday’s quarterly report with high expectations after the stock’s 32 percent rally this year. Even though the company’s fiscal first-quarter results topped estimates, the shares dropped in extended trading. Box will hold a conference call with analysts at 5 p.m. Eastern time. Here are the key numbers from the report:…
[ad_1] Salesforce stock rose 4 percent on Tuesday after the company delivered better-than-expected results for the first quarter of its 2019 fiscal year. Earnings: Excluding certain items, 74 cents per share. Revenue: $3.01 billion vs. $2.95 billion as expected by analysts, according to Thomson Reuters. In terms of guidance, Salesforce said in a statement that…
[ad_1] Excluding certain items, the company reported 74 cents per share. Revenue came in at $3.01 billion versus the $2.95 billion expected by analysts. Salesforce is also raising its guidance to $13.125 billion for this year, up from $10.5 billion last year, Benioff explained. He’s also bullish about his long-term goals. Benioff said it is…
[ad_1] Scotiabank reported a nearly four cent jump in profit in the latest quarter, beating market expectations with a boost from its international operations in Latin America. The bank said Tuesday it earned $2.04 billion in net income attributable to common shareholders for its second quarter, up 3.9 per cent from $1.97 billion a year…
[ad_1] Patrick T. Fallon | Bloomberg | Getty Images Shoppers and pedestrians pass in front of a Foot Locker store on the Third Street Promenade in Santa Monica, California. Shares of shoe retailer Foot Locker surged Friday after the company reported earnings well ahead of Wall Street expectations. The stock rallied more than 15 percent…
[ad_1] Data center infrastructure company Nutanix dropped about 5 percent in extended trading on Thursday after losing more money in the fiscal third quarter than analysts expected. While revenue beat estimates, Nutanix also gave a forecast for the current quarter that disappointed investors. Earnings: Loss of 21 cents per share, excluding certain items, vs. loss…
[ad_1] Royal Bank of Canada’s second-quarter profit surpassed market expectations with a more than nine per cent jump compared with a year ago, on strong results across its divisions and on both sides of the border. Canada’s biggest lender by market value reported net income attributable to common shareholders of $2.98 billion or $2.06 per…
[ad_1] Shares of Hewlett Packard Enterprise plunged more than 10 percent on Wednesday, after CEO Antonio Neri prepared investors for a more “challenging second half” of the year, overshadowing the company’s better-than-expected earnings report. Neri was hardly downbeat in offering up his forecast, which met analysts’ expectations. “We expect the growth rate to moderate,” he…
[ad_1] Andrew Harrer | Bloomberg | Getty Images William Rhodes III, chief executive officer of AutoZone Inc., waits to begin a listening session with U.S. President Donald Trump, not pictured, Retail Industry Leaders Association, and member company chief executive officers in the Roosevelt Room of the White House in Washington, D.C. AutoZone’s Rhodes noted the…
[ad_1] After years of doubtful turnaround efforts at U.S. insurer AIG, earnings may have finally hit bottom and present a possible buying opportunity, according to UBS. “When Brian Duperreault joined the company about a year ago as the new CEO, we were supportive of his strategy to invest in talent and make changes to position…
[ad_1] Walmart on Thursday reported fiscal first-quarter earnings that beat expectations on the top and bottom lines, as its e-commerce business rebounded. After a disappointing e-commerce performance last quarter, Walmart said U.S. online sales grew 33 percent. The rise implied its investment, namely in online grocery and its website design, is paying off. Here’s how…
[ad_1] Cisco stock fell more than 4 percent in after-market trading on Wednesday after the company reported better-than-expected earnings for its fiscal third quarter, which ended on April 28. The company will hold a conference call with analysts at 4:30 p.m. Eastern time. Earnings: 66 cents per share, excluding certain items, vs. 65 cents per…
[ad_1] Shares of Germany’s second-largest lender Commerzbank rallied Tuesday after its first-quarter profits beat forecasts. The bank also said it aims to resume its dividend payouts for this year. Commerzbank’s Chief Financial Officer (CFO) Stephan Engels told CNBC’s Annette Weisbach in Frankfurt Tuesday that the company’s plan to win business from smaller rivals was paying…
[ad_1] Dropbox stock fluctuated and then gradually fell after it reported better-than-expected first quarter results in its first earnings report as a public company on Thursday. Earnings: Excluding certain items, 8 cents per share vs. 5 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $316.3 million vs. $309.2 million as expected…
[ad_1] The California-based chipmaker is expected to post solid earnings and sales growth for its April-ended quarter, partially fueled by corporate tax cuts passed in December. Profit should pop 84.5 percent in its fiscal first quarter from a year earlier and a total 34.5 percent for its fiscal 2019 ending January from fiscal 2018, according…
[ad_1] Roku is set to open roughly 6 percent higher the day after an earnings beat revealed strong ad revenue. Shares were trading above $38 premarket Thursday, on pace for the streaming company’s highest open in nearly two months. The company lost less money in the first quarter than Wall Street expected, and posted higher…
[ad_1] (Reuters) – Twenty-First Century Fox Inc’s (FOXA.O), the media and entertainment company controlled by Rupert Murdoch, reported quarterly revenue that beat analysts’ estimate on Wednesday, as higher fees from cable and satellite distributors drove cable business earnings to a record high. FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building…
[ad_1] Many analysts characterized the strong box-office results as a budding opportunity for the company, while others said the media and entertainment giant “fired on all cylinders.” Disney posted fiscal second-quarter earnings per share of $1.84 adjusted (versus $1.70 expected) and revenue of $14.55 billion (versus $14.11 billion expected). Here’s what Wall Street’s analysts wrote…
[ad_1] Shares of Roku popped Wednesday, ahead of the company’s first-quarter financial report after the bell. The stock price was up 9.2 percent to $36.16 a share in midday trading. Analysts polled by Thomson Reuters expect Roku to have a loss of 15 cents per share in the first quarter on revenue of $127.6 million.…
[ad_1] The Walt Disney Company on Tuesday said that the success of Marvel’s “Black Panther” helped drive 21 percent year-over-year revenue growth for its studio entertainment business. Disney’s studios saw $2.45 billion in revenue for the quarter. That figure bested Wall Street expectations for $2.19 billion in revenue, according to a StreetAccount consensus estimate. In…
[ad_1] (Reuters) – Walt Disney Co’s (DIS.N) quarterly profit topped Wall Street forecasts on Tuesday as higher returns from its theme parks and film studio offset ongoing pressure on the television business from digital competition. Shares of the media conglomerate, which is in the process of buying film and TV assets from Twenty-First Century Fox…
[ad_1] Shares of WestJet Airlines Ltd. fell Tuesday after the company reported first-quarter earnings that failed to meet the expectations of analysts. In early trading on the Toronto Stock Exchange, shares of the airline were down $2.18, or just under 10 per cent, at $19.92. WestJet said its profit for the quarter fell compared with a year…
[ad_1] As shares of Estee Lauder Companies slid on Monday amid widespread weakness in the consumer packaged goods stocks, Cramer came out in defense of the decades-old beauty giant. “The truth is Estee Lauder’s miles ahead of its peers and the stock deserves to be a lot higher,” Cramer said. “Bizarrely, this stock’s been getting…
[ad_1] Apple’s results confirmed that, while the days of double-digit smartphone industry growth are over, Chief Executive Officer Tim Cook has a plan to withstand the slowdown. The shares gained after the company reported iPhone sales in line with analysts’ expectations, gave a bullish revenue forecast and highlighted a surging services business. A new $100…
[ad_1] HSBC, Europe’s largest banks by assets, on Friday reported a 4 percent fall in profit before tax in the first quarter of 2018 as operating costs rose. The bank’s pre-tax profit for the first three months of the year fell to $4.755 billion from the $4.961 billion a year ago. At the same time,…
[ad_1] Musk gave a bizarre performance on Tesla's earnings call. [ad_2] Source link
[ad_1] American International Group shares sank more than 9 percent Thursday after the insurance giant posted a disappointing 30 percent decline in adjusted income. AIG is trying to turn around its main business, selling property and casualty insurance to corporations, but California mudslides, major winter storms and other natural disasters cost the insurer $376 million.…
[ad_1] An Activision spokesperson said Dow Jones released the information early. The news wire confirmed to CNBC it did “inadvertently” break an embargo on the figures, one of which was from a prior year. “We want to start the call talking about an extraordinary error by WSJ today, causing volatility,” Amrita Ahuja, senior vice president…
[ad_1] NEW YORK (Reuters) – U.S. stocks were mixed on Thursday, seesawing between positive and negative territory during the session as strong economic data offset disappointing earnings reports from several companies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 2, 2018. REUTERS/Brendan McDermid A sharp drop…
[ad_1] “This is like the obvious thing that’s going to happen,” the Tesla CEO says. For all this to come to fruition, cars need to have “full autonomy, level four or five, whatever you want to call it,” says Musk on the call. A level four vehicle is “capable of performing all driving functions under…
[ad_1] Tesla opened 7 percent down Thursday, a day after an earnings beat and bizarre call with analysts. Shares started trading at $278.79 after closing Wednesday just above $301. The company posted a narrower-than-expected loss and continued to burn through cash — but investors seem to weather all of that just fine. The stock ticked…
[ad_1] “Tesla’s Q1 earnings call was a unique experience, to say the least. For those who missed it – halfway through the call, CEO Elon Musk abruptly declared that our questions were ‘boring’ and ‘not cool,’ and pivoted to a 20-minute back-and-forth with a retail investor from YouTube. Beneath the bizarre theatrics, however, we see…
[ad_1] Some of the numbers weren’t a big surprise, given the company’s financial forecast in March, when the company said it expects to hit as many as 96 million subscribers this year. Spotify maintained its outlook for the year on Wednesday, saying it plans to lose up to 330 million euros this year (about $397…
[ad_1] Tesla posted a narrower-than-expected loss on Wednesday as the electric car maker spent heavily to make gains in Model 3 production in April. While Tesla continued to burn through cash at a much more rapid pace than the previous quarter to hit its production goals, its burn rate was slower than analysts had expected.…
[ad_1] Diego Donamaria | Getty Images Elon Musk speaks onstage at Elon Musk Answers Your Questions! during SXSW at ACL Live on March 11, 2018 in Austin, Texas. Shares in Tesla took a nosedive in after-hours trading today as Elon Musk cut off analysts during a first-quarter earnings call, dismissing a question from Bernstein senior…
[ad_1] The payments company said it will continue to reinvest in its business, focusing on revenue growth over profit expansion. “Given the significant market opportunity ahead of us, we will continue to reinvest in our business to drive future growth,” it said in a statement. Gross payment volume grew 31 percent to $17.8 billion for…
[ad_1] In Spotify’s first ever earnings report, the streaming music came up short, pulling in $1.36 billion revenue in Q1 2018. That’s compared to Wall Street’s estimates of $1.4 billion in revenue and an adjusted EPS loss of $0.34. Spotify hit 170 million monthly active users, up 6.9 percent from 159 million in Q4 2017…
[ad_1] CNBC’s Jim Cramer was unimpressed by the performance of Snap‘s leaders on the company’s post-earnings (er, post-loss) call with analysts on Tuesday night. “I thought this was a ‘Saturday Night Live’ parody of a conference call,” Cramer said Wednesday morning. “I just didn’t think it had anything like a real conference call.” Cramer said…
[ad_1] Wall Street rarely likes to talk about its mistakes, but Apple analysts are now admitting in notes to clients that they repeatedly messed up their analysis and forecasts for the smartphone maker. Apple reported fiscal second quarter earnings above expectations Tuesday, despite a slight miss in its iPhone unit sales number versus estimates. Investors…
[ad_1] The superhero finale – culminating what will be a twenty-movie story arc, involving 70 characters and costing around $400 million to make – has posted a $630million global opening, making it the highest global opening weekend of all time – and it’s yet to open in China. Dave Hollis, head of domestic distribution at…
[ad_1] “Apple reported revenue in-line and EPS ahead of the Street (1.5% above estimates), with June quarter revenue guidance surprisingly above consensus. For the March quarter, iPhone was essentially in-line, as Apple shipped a total of 52.2M units vs. consensus at 52.5M. iPhone ASP was $728, almost exactly in-line with our estimate of $730, but…
[ad_1] While Apple’s iPhone shares were slightly softer than expected, the company managed to make more money than forecast with its services business, and offered Wall Street a generous $100 billion capital return program. The after-hours stock rally showed Wall Street’s relief, after a gloom-and-doom outlook going into the earnings report. Apple has often faced…
[ad_1] CNBC’s Josh Lipton and Jim Cramer spoke to Apple CEO Tim Cook about March quarter earnings, where Cook tried to dispel negative sentiment about iPhone sales. In particular, he dismissed the idea that a longer upgrade cycle would hurt Apple: “The important thing from my point of view is the iPhone active install base…
[ad_1] Apple’s second-quarter earnings beat on Tuesday illustrated just how differently this company’s stock behaves compared with the rest of the market, CNBC’s Jim Cramer said. “The bane of this market is not tariffs or interest rates or inflation; no, the real killer is great expectations,” the “Mad Money” host said on Tuesday. “Apple is…
[ad_1] Apple is closing in on its goal to double software and services revenue by 2020, posting a 31 percent jump for the segment in the March quarter. Apple reported quarterly earnings on Tuesday, including results from its services division, a catch-all category which includes the App Store, Apple Care, Apple Pay, iTunes, cloud services…
[ad_1] Snap investors are eager to find out if Snapchat’s controversial redesigns have helped or hindered business. The company is expected to report its latest quarterly earnings Tuesday after the bell. Estimated loss per share: 17 cents, adjusted, according to Thomson Reuters consensus estimate Estimated revenue: $244.5 million, according to a Thomson Reuters consensus estimate…
[ad_1] When Apple gaps higher immediately after its earnings report in the after hours, the next day it typically gives back some of that gain, declining by an average of nearly 1 percent between the opening and closing bells. Birinyi Associates studied Apple’s post-earnings behavior since 2009. It found Apple stock has gapped up, or…
[ad_1] Advertising giant WPP posted better-than-expected earnings for its first quarter, as it looks to an uncertain future in the wake of its CEO Martin Sorrell stepping down. Net sales were down 0.1 percent like-for like, it said Monday, but this beat estimates of a 1 percent drop. WPP’s Executive Chairman Roberto Quarta said in…
[ad_1] (Reuters) – U.S. stock indexes were on track to open higher on Monday as strong earnings and a string of mergers lifted spirits, kicking off a busy week for inflation watchers. A specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 27,…
[ad_1] SYDNEY (Reuters) – Asian shares extended gains on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors were cautious about the outlook amid the backdrop of a simmering U.S.-China trade dispute. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan…
[ad_1] SYDNEY (Reuters) – Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim in the near future. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018.…
[ad_1] NEW YORK (Reuters) – Fresh worries about rising costs and inflation face U.S. stock investors looking toward the coming week and the next leg of the first-quarter earnings period. In the latest week, the busiest for first-quarter reports, several companies warned about or cited higher costs. Caterpillar (CAT.N) said it was worried about higher…
[ad_1] “Amazon continues to demonstrate impressive execution on key growth initiatives, as demonstrated by accelerating revenue across AWS, Advertising, and 3P services, which fueled the significant profitability beat. With the price of annual US Prime membership set to increase to $119 (first increase in four years), we believe Amazon’s selection/convenience competitive advantage will only increase,…
[ad_1] NEW YORK (Reuters) – Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon. The S&P 500 and the Nasdaq eked out small gains while the Dow Jones Industrial Average edged into negative territory by…
[ad_1] Microsoft opened nearly 4 percent up Friday, the day after a first quarter earnings beat. The tech giant reported a 16 percent bump in revenue for the quarter, led by revenue growth in its Intelligent Cloud segment. Shares initially fell falling the report, but recovered on positive outlook for future quarters. The stock opened…
[ad_1] (Reuters) – Nasdaq futures rose on Friday, after stellar results from Amazon, Microsoft and Intel, while other stock index futures were subdued ahead of first-quarter U.S. GDP data. Trader Peter Tuchman is pictured working on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S.,…
[ad_1] Chip stocks soared Thursday on the heels of positive earnings from Qualcomm and Advanced Micro. Some traders expect the rally to get even hotter when blue-chip behemoth Intel reports Thursday after the bell. Intel is set to report first-quarter earnings after the bell on Thursday, and the options market is implying a 5 percent…
[ad_1] The company’s biggest business segment, More Personal Computing — which includes Windows, devices, gaming and search ads — produced $9.92 billion in revenue, up 13 percent year over year. The segment came in above the FactSet consensus estimate of $9.25 billion, according to StreetAccount. The Productivity and Business Processes segment, which includes Office, LinkedIn…
[ad_1] Amazon’s cloud business exceeded analyst estimates, with revenue climbing 49 percent in the first quarter. Amazon Web Services reported sales on Thursday of $5.44 billion, compared to the $5.26 billion average estimate of analysts surveyed by FactSet. AWS contributed about 11 percent of Amazon’s total revenue for the period, up from 8.5 percent in…
[ad_1] SINGAPORE (Reuters) – Asian shares edged higher on Friday, after U.S. equities were buoyed by solid quarterly earnings and a rebound in technology stocks, while the euro languished near three-month lows after the European Central Bank kept interest rates unchanged. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE)…
[ad_1] NEW YORK (Reuters) – U.S. stocks advanced on Thursday with each of Wall Street’s major indexes ending the session up 1 percent or higher, boosted by solid earnings results and a rebound in technology stocks as U.S. bond yields pulled back. The tech-heavy Nasdaq snapped a five-day losing streak while the S&P technology index…
[ad_1] The Washington Post | Getty Images Amazon CEO Jeff Bezos has not dared to crack the South Korean market, where Coupang is the fastest-growing and best financed e-commerce site of all time. Amazon is scheduled to report its first-quarter earnings results on Thursday after the bell. Here are the most important numbers: Revenue: $49.78…
[ad_1] Early this morning, Nintendo released its earnings report for the last financial year, which covers the entire lifetime of the Switch and every game released on it. As such, the company has provided numbers for their games, which includes a few surprises. Note that in the context of this article, selling is shorthand for…
[ad_1] Samsung’s latest earnings report is a succinct lesson in hoping for the best and preparing for the worst. The actual news here is pretty positive, as the company reports a record operating profit, courtesy of high demand for its components and flagship handsets. But a statement tied to the news mentions “slow demand” no…
[ad_1] (Reuters) – Wall Street stocks rose on Thursday, as strong earnings from Facebook and a handful of chipmakers powered technology stocks, and U.S. bond yields pulled back. Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 20, 2018. REUTERS/Brendan McDermid…
[ad_1] Wall Street is buzzing over Facebook’s latest earnings results, which topped Wall Street’s expectations despite recent uproar about the company’s handling of user information. While details of the Cambridge Analytica scandal were only just emerging as the first quarter ended, news of a hefty beat on both the top and bottom lines came as…
[ad_1] The main event on the earnings calendar right now is Amazon‘s report, due out after the bell on Thursday. I’m watching several key components of its report. The revelation that the company now has 100 million Amazon Prime members globally was a huge boost for the stock last week, but traders will now want…
[ad_1] Wall Street’s second biggest bull is predicting a market comeback is in the works. Despite investor skittishness over Caterpillar CEO comments suggesting an economic slowdown and rising Treasury yields signaling inflation risks, Federated Investors’ Phil Orlando contends stocks will return to record territory this year. “This is the best earnings season we’ve seen in…
[ad_1] It’s still early, but Wednesday’s report showed that advertisers weren’t too deterred by the latest negative press about Facebook: Ad revenue jumped 50 percent from the year-ago period. The average revenue per user hit $5.53, better than the $5.35 expected by analysts surveyed by StreetAccount. Facebook’s financial results for the quarter that ended March…
[ad_1] TOKYO (Reuters) – Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies. An electronic board showing the Nikkei share average is seen as market prices are reflected in a…
[ad_1] AT&T reported first-quarter results that missed estimates, sending its shares down nearly 4 percent in extended trading on Wednesday, as the biggest pay-TV provider in the U.S. lost subscribers to its satellite and U-verse services. Here are the results: — Earnings: 85 cents per share, vs 87 cents per share expected — Revenue: $38.04…
[ad_1] Visa reported second-quarter earnings that beat analysts’ expectations on Wednesday. Here’s how the company did compared with what Wall Street expected: Earnings: $1.11 per share vs. $1.02 per share forecast by Thomson Reuters Revenue: $5.07 billion vs. $4.81 billion forecast by Thomson Reuters That revenue figure represents year-over-year growth of about 13 percent. In…
[ad_1] AMD shares jumped 9 percent on Wednesday after the chipmaker reported better-than-expected first quarter results. Earnings: 11 cents per share, excluding certain items, vs. 9 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $1.65 billion vs. $1.57 billion as expected by analysts, according to Thomson Reuters. AMD also provided a…
[ad_1] Qualcomm reported quarterly earnings that beat analysts’ expectations on Wednesday. Shares of the semiconductor company gained close to 2 percent after the announcement. Here’s how the company did compared with what Wall Street expected: Earnings: 80 cents per share vs. 70 cents per share forecast by Thomson Reuters Qualcomm has been under pressure in…
[ad_1] Earnings: 41 cents per share, according to Thomson Reuters Revenue: $37.2 billion, according to Thomson Reuters Ford has not been able to control costs as well as its larger rival, General Motors, and has struggled to deliver comparable profit growth. The company’s international operations are floundering as well. Last year, Ford lost money in…
[ad_1] Investors want clear and optimistic forecasts for the rest of this year from companies and they simply aren’t getting that. It’s not enough to top Wall Street’s notoriously low estimates. The EPS beat rate stands at 76.7 percent this quarter, and the average stock that has reported first quarter numbers so far opened higher…
[ad_1] Twitter shares were up as high as 13 percent before paring gains after the company reported revenue and earnings that beat expectations Wednesday. Here are the first-quarter earnings and revenue: Earnings per share: 16 cents vs. 12 cents, according to a Thomson Reuters consensus estimate Revenue: $655 million vs. $608 million, according to a…
[ad_1] David Paul Morris | Bloomberg | Getty Images Brian Roberts, chairman and chief executive officer of Comcast Corp. Comcast is slated to report first-quarter earnings before the bell on Wednesday. Here’s what Wall Street expects: Earnings per share: 59 cents, according to Thomson Reuters Revenue: $22.744 billion, according to Thomson Reuters Net increase of…
[ad_1] On the eve of Twitter next quarterly report, investors are waiting to see if the company will report its second profitable quarter in a row. Here are the consensus estimates for the company’s first-quarter earnings report on Wednesday: Estimated earnings per share: 12 cents, according to a Thomson Reuters consensus estimate Estimated revenue: $606.9…
[ad_1] Daniel Acker | Bloomberg | Getty Images 3M’s Scotch brand tape on display for sale at a supermarket in Princeton, Illinois. Shares of multinational giant 3M dropped more than 7.8 percent Tuesday after the company lowered its 2018 earnings guidance. The maker of thousands of products for consumers and businesses including Scotch tape and…
[ad_1] Sanmina shares skyrocketed more than 20 percent on Tuesday after the company reported better-than-expected profit and sales for the last quarter and said this quarter’s earnings could top Wall Street expectations as well. The company is a contract electronics manufacturer specializing in communications networks and semiconductors, among other areas. After Tuesday’s jump, its market…
[ad_1] (Reuters) – U.S. stock indexes opened higher on Tuesday, helped by strong results from Verizon and Caterpillar as well as gains in technology stocks. Traders work on the floor of the New York Stock Exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., April 19, 2018. REUTERS/Brendan McDermid The Dow…
[ad_1] Verizon is set to report first quarter earnings before the bell Tuesday. Here’s what Wall Street expects from the telecom giant: — Earnings: $1.10 per share, according to Thomson Reuters — Revenue: $31.25 billion, according to Thomson Reuters — Net increase of 165,000 retail postpaid wireless connections, according to StreetAccount Analysts forecast something of…
[ad_1] NEW YORK (Reuters) – Wall Street ended mixed on Monday as concerns about soft smartphone demand weighed on tech stocks and pulled the Nasdaq lower while earnings optimism protected against deeper losses. Tech stocks dragged on both the S&P 500 and the Nasdaq ahead of a big week of earnings for the sector. Chipmaker…
[ad_1] Google parent Alphabet on Monday reported a jump in first-quarter net income on the back of strong digital ad sales and an accounting adjustment. The Mountain View, California-based company’s net income surged 73 per cent to $9.4 billion, or $13.33 per share. Earnings, adjusted for non-recurring gains including those from the accounting change, were…
[ad_1] Michael Short | Bloomberg | Getty Images Sundar Pichai, chief executive officer of Google Google parent company Alphabet is slated to post its first quarter earnings today after the bell. Here’s what analysts are expecting, via Thomson Reuters: — Earnings per share: $9.28 — Revenue: $30.29 billion We’ll see three changes to Alphabet’s report…
[ad_1] SYDNEY (Reuters) – Asian stocks started in muted fashion on Monday as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on U.S. bond yields as they approached peaks that had triggered ructions in the past. A man walks past an electronic stock quotation board outside…
[ad_1] The second significant change to Alphabet’s balance sheet comes because of a new accounting standard for equity security investments. Under the new rule, called Accounting Standards Update 2016-01, Alphabet has to report the unrealized gains and losses from its investments on its income statement. For example, Alphabet bought a stake in both ride-hailing start-up…
[ad_1] Blackstone, the largest manager of alternative assets such as private equity and real estate, on Thursday reported a 20 percent drop in first-quarter earnings per share but still beat Wall Street’s expectations, as a stock market slump weighed on the value of its holdings. Profits have soared at private-equity firms such as Blackstone in…
[ad_1] Love Island bosses are reportedly planning to take a cut of the future earnings of this year’s contestants, following the lucrative success of former stars. Insiders tell The Sun, producers are planning to add a clause in contracts for the forthcoming series in which the next batch of fame-seeking singles will be contractually obliged…
[ad_1] Shares of aluminum producer Alcoa jumped almost four percent in after-hours trade after the company reported first quarter earnings that beat expectations. Here’s how the company did compared with what Wall Street expected: EPS: 0.77 vs. 0.70 cents. Revenue: $3.09 billion vs. $3.08 billion. In its earnings release, the Pittsburgh, Pennsylvania-based company is projecting…
[ad_1] Qilai Shen | Bloomberg | Getty Images James Gorman, chief executive officer of Morgan Stanley Net income rose to $2.7 billion for the quarter, up more than 40 percent from a year earlier. “Relative to peers, Morgan Stanley produced standout results,” Nomura Instinet analyst Steven Chubak wrote in a note to clients Wednesday. Morgan…
[ad_1] SAN FRANCISCO/NEW YORK (Reuters) – China’s ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. order that bans American companies from selling it parts, which could undermine its ability to manufacture equipment. FILE PHOTO – Visitors pass in front of the Chinese…
[ad_1] AmEx has spent heavily on rewards to lure customers as it faces more competition from banks like J.P. Morgan Chase and Citigroup. Here are the results: —EPS: $1.86, compared to an estimate of $1.71 from Thomson Reuters —Revenue: $9.72 billion, compared to an estimate of $9.46 billion, according to Thomson Reuters In January, former…
[ad_1] Shares of payment company Square spiked 5 percent Wednesday after an analyst said it could see a major first-quarter earnings boost thanks to bitcoin. Square Cash, the mobile payment app developed by Square, opened bitcoin trading earlier this year. That move could drive a “sizable boost” to the tech company’s revenue and profits this…
[ad_1] “The lower shipments suggest that Apple’s Greater China revenues should be at the very least a significant drag on our overall estimate of 18 percent iPhone revenue growth in the second fiscal quarter,” Kvaal added. His earnings per share estimate for Apple’s second fiscal quarter of $2.69 is below the consensus estimate of $2.71,…
[ad_1] (Reuters) – U.S. stock indexes opened higher on Wednesday after the latest batch of earnings including Morgan Stanley (MS.N) added to optimism about the U.S. corporate reporting season, while a jump in oil prices lifted energy stocks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] (Reuters) – Chinese smartphone maker ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. government order that bans American companies from selling it parts. FILE PHOTO – Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the…
[ad_1] LONDON (Reuters) – Global stocks climbed to their highest in nearly four weeks on Wednesday as strong U.S. first-quarter earnings helped revive risk appetite, driving up equities and hauling the dollar out of its slump. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 21, 2018.…
[ad_1] NEW YORK (Reuters) – U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season. Traders work on the floor of the New York Stock Exchange in the borough of New York City, New York, U.S., April 17, 2018. REUTERS/Brendan…
[ad_1] NEW YORK (Reuters) – U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season. Traders work on the floor of the New York Stock Exchange in the borough of New York City, New York, U.S., April 17, 2018. REUTERS/Brendan…
[ad_1] Adam Galica | CNBC Ginni Rometty, Chairman, president and CEO of IBM at the 2018 WEF in Davos, Switzerland. IBM will report financial results for the first quarter after the bell on Tuesday. The company will hold a teleconference with analysts at 5 p.m. Eastern time. Here’s what the street is expecting, according to…
[ad_1] NEW YORK (Reuters) – U.S. stocks rallied on Tuesday, helped by gains in the technology and consumer sectors, while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season. Traders work on the floor of the New York Stock Exchange in the borough of New York City, New York,…
[ad_1] Analysts are raising their estimates aggressively on some industrial and semiconductor stocks into their earnings reports, a sign they could be big winners, according to analysis from MKM Partners. For example, American Airlines “epitomizes what we’re looking for,” Jim Strugger, managing director, derivatives strategist, at MKM said in a note this week. Analysts have…
[ad_1] (Reuters) – Wall Street indexes rose on Tuesday as strong earnings from Netflix, Goldman Sachs and healthcare companies boosted optimism over what is expected to be the strongest earnings season in seven years. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 16, 2018. REUTERS/Brendan McDermid…
[ad_1] (Reuters) – U.S. stock indexes opened higher on Tuesday as strong earnings from Netflix, Goldman Sachs and health majors boosted optimism over what is expected to be the strongest earnings season in seven years. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 16, 2018. REUTERS/Brendan…
[ad_1] (Reuters) – U.S. stock index futures rose on Tuesday as strong earnings from Netflix, Johnson & Johnson and UnitedHealth boosted optimism over what is expected to be the strongest earnings season in seven years. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 16, 2018. REUTERS/Brendan…
[ad_1] Goldman Sachs reported first-quarter results that beat significantly on both the top and bottom line ahead of the market open Tuesday. However, revenue from fixed income trading missed analysts’ estimates. Here’s what the bank reported compared to what analysts polled by Thomson Reuters were expecting: — Revenues $10.04 billion versus expectations of $8.74 billion.…
[ad_1] “Netflix once again demonstrated a higher pace of sub growth than expected, while also raising price. The combination of a double-digit price increases across 80% of their sub base, combined with some F/X help, drove Netflix revenue +43% y/y, their highest growth rate since 2011 Since we view this as a thesis-confirming result, we…
[ad_1] This strength comes as the UK’s wage squeeze conditions are reported to have improved, with wage growth exceeding inflation in February by 0.1 per cent. While a minimal improvement for UK consumers, this result has still been seen as a solid step towards greater national economic stability. Some economists have predicted that a Bank…
[ad_1] Premier League teams got off to a flying start in the Champions League throughout 2017/18, with four teams winning their groups and Chelsea joint-top in their table. Now only Liverpool remain after their resounding 5-1 aggregate victory over Manchester City in the quarter-finals. But while European silverware is off the table for all-but one…
[ad_1] TOKYO (Reuters) – Asia stocks wavered on Tuesday after data showed both hot and cold patches in the Chinese economy, but losses were limited as investors turned their focus to corporate earnings from Syria. An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China April…
[ad_1] TOKYO (Reuters) – Asia stocks rose modestly on Tuesday following data showing China’s economy grew a little faster than expected in the first quarter. An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China April 16, 2018. REUTERS/Stringer The dollar was barely changed, with demand…
[ad_1] TOKYO (Reuters) – Asia stocks edged higher on Tuesday, tracking Wall Street gains as the focus shifted to corporate earnings and looming economic data from China amid signs Western-led strikes on Syria weren’t likely to escalate. An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province,…
[ad_1] Netflix has relied on international growth and heavy investments in original content to drive subscriptions — and Monday’s results provided an update on their effectiveness. Netflix’s addition of more than 7.4 million international subscribers set a new record, marking growth of 50 percent from a year ago. The company also said it expects to…
[ad_1] NEW YORK (Reuters) – U.S. stocks closed higher on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about earnings season and appeared less worried about U.S.-led missile attacks in Syria. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10,…
[ad_1] (Reuters) – U.S. stocks rose on Monday, with technology and healthcare shares leading the way as investors appeared less concerned about possible retaliation for the U.S.-led missile attack in Syria. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid The weekend’s air…
[ad_1] Christopher Goodney | Bloomberg | Getty Images Brian Moynihan, Bank of America Bank of America reported Monday better-than-expected results for the first quarter of the year, driven by strong loan growth and lower taxes. Here’s how the bank fared compared to Wall Street expectations: —Earnings: 62 cents per share vs. 59 cents expected by…
[ad_1] Nobel Prize-winning economist Robert Shiller believes a strong earnings season may not be adequate to keep stocks out of the red. Despite two corrections since February, the Yale University Professor — who predicted both the dotcom bubble of the late 1990s and the housing meltdown that triggered the 2008 financial crisis — contended market…
[ad_1] (Reuters) – Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG group of stocks back into favor and take the spotlight off worries that caused the recent sell-off in the high-flying group. FILE PHOTO: Traders work on the floor of the New York Stock Exchange,…
[ad_1] NEW YORK (Reuters) – General Electric Co (GE.N) said on Friday it took a $4.24 billion equity charge and reduced earnings for the last two years by 30 cents a share, figures in line with expectations the company set earlier this year when it said it would comply with new accounting standards. FILE PHOTO:…
[ad_1] Jim Cramer analyzes J.P. Morgan and Citigroup earnings and explains why he thinks the stocks could go higher soon. [ad_2] Source link
[ad_1] NEW YORK (Reuters) – General Electric Co (GE.N) said on Friday it will take a charge of $4.24 billion in the first quarter and reduce earnings over the last two years by 30 cents a share, figures in line with expectations the company set earlier this year when it said it would comply with…
[ad_1] Indeed, mortgage banking revenue tumbled for both J.P. Morgan and Wells Fargo. Trading was mediocre at Citigroup, while PNC saw declines in revenue and deposits. Trading widely was in line with estimates, but not blockbuster as many had figured considering all the market volatility in the first quarter. Analysts had expected the industry to…
[ad_1] Citigroup shares opened 1.4 percent higher on Friday. “Our first quarter results demonstrate strength and balance across our franchise and position us well for the rest of the year,” CEO Michael Corbat said in a statement. “During the quarter, we returned more than $3 billion in capital to common shareholders which helped drive a…
[ad_1] Spencer Platt | Getty Images People walk by a Wells Fargo bank branch on October 13, 2017 in New York City. Wells Fargo & Co. beat expectations, reporting a 5.5 percent gain in first quarter profit as it tries to move past its regulatory troubles. Profit of $1.12 a share beat the average analyst…
[ad_1] J.P. Morgan Chase reported first quarter earnings that beat on both the top and bottom line Friday, although trading revenue growth remained light. Here’s what the company reported versus expectations: — Earnings of $2.37 a share vs. an estimated $2.28 a share from a consensus of analysts polled by Thomson Reuters. — Revenue of…
[ad_1] Getty Images Facebook co-founder, Chairman and CEO Mark Zuckerberg smiles at the conclusion of his testimony before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill April 11, 2018 in Washington, DC. Facebook shares, which closed at $163.87 on Thursday, have dropped more than 11 percent over the…
[ad_1] TOKYO (Reuters) – Global stocks recovered to three-week highs on Friday as anticipated strong earnings season took center stage after U.S. President Donald Trump backtracked on his suggestion of an imminent missile attack on Syria. FILE PHOTO: A pedestrian casts a shadow in front of an electronic stock quotation board outside a brokerage in…
[ad_1] NEW YORK (Reuters) – U.S. stocks climbed on Thursday as investors anticipated a strong earnings season and as U.S. President Donald Trump’s suggestion that a military strike on Syria may not be imminent ratcheted down geopolitical worries. The S&P 500 has now recouped nearly all its losses from earlier this year. Trump said in…
[ad_1] Just since Jan. 1, analyst projections for financial earnings went from a 10.7 percent gain all the way to 24 percent currently. Only energy, which has been the beneficiary of rising oil prices, has seen a higher net revision among the S&P 500’s 11 sectors, according to investment research firm CFRA. With financials comprising…
[ad_1] NEW YORK (Reuters) – Technology and financial stocks boosted Wall Street on Thursday as U.S. President Donald Trump suggested that a military strike on Syria may not be imminent and investors turned their focus to the upcoming earnings season, which is projected to deliver the strongest results in seven years. Traders work on the…
[ad_1] The company said its first-quarter earnings rose 28 percent year over year, “driven in part by [a] lower tax rate.” BlackRock’s effective tax rate for the quarter was 19.6 percent last quarter, down from 23.8 percent in the first quarter of 2017. BlackRock also said its operating margin expanded to 38.4 percent in the…
[ad_1] (Reuters) – Technology and financial stocks led a rally on Wall Street on Thursday as President Donald Trump toned down his views on attacking Syria and investors focused on what could be the strongest earnings reporting season in seven years. Traders work on the floor of the New York Stock Exchange shortly after the…
[ad_1] (Reuters) – Wall Street benchmarks bounced higher on Thursday, driven by gains in technology, financial and industrials stocks as investors hoped that lower U.S. taxes could boost first quarter corporate profits. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid Boeing’s (BA.N)…
[ad_1] (Reuters) – Wall Street stocks bounced higher on Thursday as expectations that lower U.S. taxes would fuel corporate earnings added to easing of nerves over U.S. military conflict with Russia in Syria. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 10, 2018. REUTERS/Brendan McDermid Growth…
[ad_1] (Reuters) – The Dow Jones Industrial Average was set to open with gains of more than 100 points on Thursday as expectations that lower U.S. taxes would fuel corporate earnings added to a slight easing of nerves over Syria. Traders react on the floor of the New York Stock Exchange, (NYSE) in New York,…
[ad_1] NEW YORK (Reuters) – Quirks in the new U.S. tax code are sowing doubts over how much big banks can boost dividends and stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits. FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co…
[ad_1] NEW YORK (Reuters) – The rockiest U.S. stock market in two years will meet a major test in the coming weeks as first-quarter earnings pour in, with expectations that tax cuts will help Corporate America show its biggest quarterly profit growth in seven years. Any disappointments could further upset the fragile market. FILE PHOTO:…
[ad_1] (Reuters) – General Electric Co (GE.N) said on Wednesday that it planned to provide restated results for 2016 and 2017 to reflect a new accounting standard by April 13. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016.…
[ad_1] Cloudera stock fell more than 19 percent after the company posted guidance that fell below analysts’ expectations. But for the fourth quarter of Cloudera’s 2018 fiscal year, which ended Jan. 31, the company did beat estimates. – Earnings: Loss of 10 cents per share, excluding certain items, vs. 23 cents as expected by analysts,…
[ad_1] Buying the dip in stocks ahead of the upcoming earnings season could bode well for investors, historical data from Jefferies show. Analysts at the investment bank said in a note last week that the S&P 500 has averaged a gain of nearly 2 percent during an earnings season since 2000 when the period follows…
[ad_1] NEW YORK (Reuters) – Nervous stock investors are hoping an unusually U.S. strong earnings season can restore some of the optimism that characterized equity markets last year. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 26, 2018. REUTERS/Brendan McDermid Imploding technology stocks and fears of…
[ad_1] (Reuters) – Hamburg’s tax office is examining the German activities of U.S. agricultural merchant Archer Daniels Midland over a five-year period in what the company called a routine audit, although sources said ADM could face unforeseen liabilities. FILE PHOTO – The world’s largest corn mill of global grain company Archer Daniels Midland is pictured…
[ad_1] Oracle stock fell as much as 4 percent on Monday after the company released mixed results for the third quarter of its 2018 fiscal year, which ended on February 28. * Earnings: Excluding certain items, 83 cents per share vs. 72 cents expected by analysts, according to Thomson Reuters. * Revenue: $9.77 billion vs.…
[ad_1] Adobe stock rose nearly 4 percent on Thursday after the company reported better-than-expected earnings for the first quarter of its 2018 fiscal year, which ended on March 2. Earnings: Excluding certain items, $1.55 in earnings per share vs. $1.44 in earnings per share as expected by analysts, according to Thomson Reuters. Revenue: $2.08 billion…
[ad_1] Ken James | Bloomberg | Getty Images An employee scans an order in the shipping area at the Overstock.com distribution center in Salt Lake City, Utah. Shares of Overstock.com dropped in extended trading Thursday after the e-commerce company reported a sales decline and no significant progress on a potential sale of its retail arm…
[ad_1] Who is Ruby Walsh? Ruby Walsh is a 38-year-old jockey born in County Kildare in Ireland. He married to Gillian Doran in July 2006 and the pair have three daughters together. Walsh has two siblings – sister Katie, who is one of the top female jackets, and brother Ted who is married to female…
[ad_1] NEW YORK (Reuters) – Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, said on Wednesday it expects earnings to more than double by 2025 to $31 billion, with crude prices CLc1LCOc1 at or above current levels. FILE PHOTO: A logo of Exxon Mobil is displayed on a monitor above the floor…
[ad_1] NEW YORK (Reuters) – There is little doubt on Wall Street that U.S. corporate profits are on track to rise at a healthy rate this year, with an overall estimate for growth of almost 20 percent. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New…
[ad_1] Salesforce is set to report earnings for the fourth quarter of its 2018 fiscal year, which ended on Jan. 31, after the bell on Wednesday. The company will hold a conference call with analysts at 5 p.m. Eastern time. Here’s what Wall Street expects: Earnings: 33 cents per share (excluding certain items) as expected…
[ad_1] (Reuters) – U.S. stocks rose from their session lows on Wednesday as gains in online travel company Booking Holdings and retailer TJX helped offset losses in healthcare stocks. Booking Holdings (BKNG.O), formerly known as Priceline, rose 7.7 percent after reporting upbeat quarterly profit, helped by higher hotel bookings. Off-price apparel seller TJX (TJX.N) jumped…
[ad_1] NEW YORK (Reuters) – The new U.S. tax law has taken a bigger bite out of Morgan Stanley’s 2017 earnings than it initially expected and led its board to boost top executives’ deferred compensation from prior years, the Wall Street bank said on Tuesday. After further analysis of the law’s particulars, Morgan Stanley boosted…
[ad_1] TiVo has started evaluating a wide range of strategic options including the possibility of going private, the set-top box maker said on Tuesday. The San Jose, California-based company’s shares were up 13 percent at $15.30 in after-hours trading. “TiVo’s stock price is at a level that the company and its board do not believe…
[ad_1] Etsy shares as much as 18 percent after the company reported more than $1 billion in gross merchandising sales (GMS) during its latest quarter. The company, which reported fourth-quarter earnings after the bell on Tuesday, posted adjusted earnings per share of 15 cents, ahead of a 9 cent Thomson Reuters consensus estimate. Revenue was…
[ad_1] With New Look and H&M struggling, sales at Primark’s domestic stores were up 4 per cent, although group like-forlike takings fell 1 per cent after warm weather last October hit demand for its autumn and winter ranges. It enjoyed record sales in the week before Christmas, while early trading of its new spring/summer range…
[ad_1] Standard Chartered Bank could triple its profit for 2017, thanks to rising interest rates and efforts to streamline operations, going by a Reuters poll. The London-headquartered bank is expected to report pre-tax profit of $2.978 billion for the whole of last year, nearly three times more than the $1.093 billion posted one year ago…
[ad_1] Shares of Fitbit plunged as much as 15 percent in after-hours trading on Monday after a disappointing quarterly report. The wearable technology company lost 2 cents per share on revenue of $571 million in the fourth quarter. Analysts polled by Thomson Reuters expected a break-even quarter for Fitbit, with revenue of $589 million. Consumer…
[ad_1] Federated Investors’ Steve Chiavarone is not a bull who’s second guessing himself. The February correction may have rattled Wall Street, but the portfolio manager maintains the S&P 500 will muster enough momentum to climb 12 percent to 3,100 — 12 percent above Monday’s premarket level. His reason? The story of the year will ultimately…
[ad_1] (Reuters) – General Electric (GE.N), the United States’ largest industrial conglomerate, will restate its earnings for 2016 and 2017 as it adopts a new accounting standard, according to a regulatory filing on Friday. The updated accounting standard, which will take into account revenue from long-term contracts, will result in a 13 cent cut in…
[ad_1] Bloomberg | Getty Images Antonio Neri, CEO of Hewlett Packard Enterprises speaks at the HP Discover 2017 Conference in Las Vegas, Nevada. Hewlett Packard Enterprise is expected to report first-quarter earnings after the market close Thursday. Analysts anticipate HPE will report a drop in revenue, hurt by lower sales for its servers, networking and…
[ad_1] Loblaw Companies Ltd. reported a drop in its fourth-quarter profit, hit by costs related to the announcement of its PC Optimum loyalty rewards program and the fallout from its admission of participation in an alleged industry-wide price-fixing conspiracy. The retailer, which includes Loblaws and Shoppers Drug Mart, said Thursday its profit available to common…
[ad_1] Roku shares plunged as much as 20 percent in extended trading on Wednesday after the maker of digital streaming devices provided a revenue estimate that trailed analysts’ estimates. Roku said sales in the first quarter will be $120 million to $130 million, falling short of the $131.7 million average estimate of analysts surveyed by…
[ad_1] The forecast for Canada’s biggest banks is bright thanks to U.S. tax reform and higher interest rates, but as they report first-quarter results this week, domestic mortgage demand and the North American Free Trade Agreement could cloud the long-term outlook, analysts say. Earnings estimates for the 2018 fiscal year are being revised upwards by…
[ad_1] (Reuters) – Home Depot Inc’s (HD.N) profit and revenue topped Wall street estimates for the sixth straight quarter as more shoppers visited the No.1 U.S. home improvement chain and, on average, spent more in an improving housing market. Shares of Home Depot, which raised its quarterly dividend by 15.7 percent to $1.03 per share,…
[ad_1] HSBC’s fortune turned around in 2017 with an increase in the year’s profit. The bank, largest in Europe by assets, said Tuesday its full-year profit before tax rose 10.9 percent to $20.99 billion after adjusting for foreign currency translation and one-off items. That’s beating the estimated $19.59 billion by Reuters and reversing the decline…
[ad_1] (Reuters) – The world’s biggest asset manager BlackRock Inc (BLK.N) upgraded its view on U.S. stocks, citing very strong earnings momentum, while cutting European stocks to neutral. In a note on Monday, BlackRock’s global chief investment strategist Richard Turnill pointed to tax cuts in the United States and government spending plans as driving earnings…
[ad_1] LONDON (Reuters) – The world’s biggest asset manager BlackRock has upgraded its view on U.S. equities to “overweight”, citing very strong earnings momentum, while cutting European stocks to neutral. In a note on Monday, BlackRock’s global chief investment strategist Richard Turnhill pointed to tax cuts in the United States and government spending plans as…
[ad_1] Samsung Electronics is expected on Tuesday to forecast a record quarterly profit in the fourth quarter, as a world hungry for processing power and high-tech smartphones snaps up its semiconductors and screens. While a stronger won and falling NAND chip prices could take some shine off the performance, most analysts are tipping a strong quarter…
[ad_1] Video game publisher Electronic Arts‘s forecast fourth-quarter revenue above analysts’ estimates as it expects to gain from the launch of its mixed martial arts title, UFC 3, sending its shares up 6 percent in extended trading. The third instalment of the successful franchise is set to release later this week and is expected to…
[ad_1] The carmaker’s board said on Thursday it would ask shareholders in June to back Ghosn for another four-year term, during which he would “take decisive steps to make the alliance irreversible” and “strengthen the succession plan”. Renault owns 43.4 percent of its Japanese partner, which in turn controls Mitsubishi Motors via a 34 percent…