Business News
Earnings preview: Herman Miller to benefit from growing demand in Q3
The market is quite upbeat about the third-quarter financial performance of Herman Miller (MLHR), which is slated to announce the…
NASH drug developer Genfit plans $132-million US IPO, to list on Nasdaq
France-based biopharmaceutical firm Genfit (EPA: GNFT) has launched a global offering of its American Depository Shares and ordinary shares to…
Earnings preview: General Mills bets on pet-food division to sustain growth in Q3
General Mills (GIS), the company that makes the popular cereal brand Cheerios, is expected to report earnings of $0.69 per…
Tesla stock falls as Model Y launch fails to enthuse market
Tesla’s (TSLA) long-awaited Model Y crossover SUV, which was launched by CEO Elon Musk this week, seems to have left…
Amid high hopes, Tencent gets ready for first quarterly report after US debut
After its much-anticipated debut in the US stock market, China-based music streaming service Tencent Music (TME) will be reporting its…
Robust comparable sales drive Ulta Beauty’s Q4 profit higher; stock gains
Ulta Beauty (ULTA) reported an increase in fourth-quarter sales and earnings which also topped market expectations, aided by solid comparable…
Earnings preview: Innovation, digital push to drive Nike’s Q3 growth
After surviving the challenges posed by adverse market conditions, sneaker maker Nike (NKE) will be publishing its third-quarter earnings on…
Embraer slips to loss in Q4 on lower revenues
Brazilian aerospace company Embraer (ERJ) Thursday reported a net loss for the fourth quarter of 2018, compared to a profit…
Viking Therapeutics Q4 loss widens on higher expenses but beats estimates
Viking Therapeutics (VKTX) Wednesday posted a wider net loss for the fourth quarter of 2018, owing to a sharp increase…
Spotify alleges antitrust behavior by Apple, seeks intervention of EU regulators
The ongoing rivalry between Spotify (SPOT) and Apple (AAPL) took a new turn this week after the Swedish music streaming…
Higher costs drag EVO Payments to Q4 loss; stock gains on revenue growth
EVO Payments Inc. (EVOP), a leading payment technology and services provider, reported a net loss for the fourth quarter of…
HSBC downgrade exposes chinks in Coca-Cola’s business strategy
Still struggling to recover from the impact of the selloff that followed last month’s quarterly report, shares of Coca-Cola (KO)…
Earnings preview: FedEx looks at a weak Q3 as trade headwinds persist
The freight forwarding industry is one among the several sectors which were badly affected by the trade war, and the…
Momo Q4 results beat estimates amid solid user growth; stock surges
Shares of China-based Momo, Inc. (MOMO) rose sharply in pre-market trading Tuesday after fourth-quarter earnings and revenues increased and topped…
Earnings preview: Ulta Beauty’s Q4 results to get an e-commerce push
Ulta Beauty (ULTA) will be reporting the financial results for its fourth quarter on Thursday after the closing bell, which…
Avid Bioservices stock jumps after Q3 loss narrows on higher revenues
Avid Bioservices (CDMO) reported a narrower net loss for the third quarter of 2019, aided by a sharp increase in…
Boeing stock goes into a tailspin amid grounding of planes after deadly crash
Fresh questions are being raised about Boeing’s (BA) safety records after Sunday’s plane crash in Ethiopia, the second deadly accident…
Earnings preview: Mixed sentiment ahead of Oracle’s Q3 earning report
Software solutions provider Oracle Corp. (ORCL) will be reporting its third-quarter results on March 14 after the closing bell. The…
Exxon Mobil stock slips after rating downgrade over investment plan
Exxon Mobil (XOM) lost significant market value Friday after it was hit by the double whammy of a rating downgrade…
Earnings preview: Holiday slump damps Q4 prospects of Dick’s Sporting
Dick’s Sporting Goods (DKS) is set to release its fourth-quarter earnings results on March 12 before the market opens. It…
Vail Resorts stock surges on Q2 revenue growth, dividend hike
Travel and leisure company Vail Resorts (MTN) reported better than expected revenues for the second quarter of 2019, aided mainly…