Business News
The ‘midterm’ shot sends cannabis stocks to a new high
The midterm election has brought cheer to companies doing marijuana-related businesses in the US, despite the uncertainties surrounding regulation of…
CEO scandal sinks Papa John’s; Q3 results miss street view
Higher expenses and muted sales weighed down on the third-quarter earnings of pizza chain Papa John’s (PZZA), which is struggling…
GE to get rid of consumer lighting business as cash crunch escalates
Engineering giant General Electric (GE) has been on a divestiture spree, in an effort to revitalize its balance sheet. On…
Earnings preview: With a diverse portfolio, Microchip is poised for a strong Q2
Most microprocessor companies have maintained a healthy growth trajectory in recent years despite increasing competition, while retaining their market share…
Symantec Q2 results beat amid strong demand for cybersecurity tools
Bouncing back after its dismal performance in the recent quarters, cybersecurity firm Symantec Corp. (SYMC) posted stronger-than-expected results for the…
Earnings preview: Mixed sentiment ahead of US Foods Holding’s Q3 report
Foodservice distributor US Foods Holding (USFD) is all set to announce results for the most recent quarter, after reporting downbeat…
Robust HDD sales lift Seagate Q1 results; unveils $2.3B share buyback
A further strong growth in hard-disk shipments pushed up Seagate’s (STX) first-quarter revenues and earnings, which also topped analysts’ forecast.…
Alibaba gains after Q2 earnings beat; cuts FY19 outlook on weak economy
Online marketplace Alibaba Group (BABA) Friday reported higher second-quarter earnings that topped estimates. The company slashed its full-year 2019 revenue…
Apple Q4 results beat estimates; stock falls on weak iPhone sales, guidance
Announcing the first quarterly results after achieving the $1-trillion valuation milestone, Apple (AAPL) reported record earnings for the fourth quarter…
Starbucks keen on getting its brew right during holidays
After enticing customers with its Halloween-themed frappuccino, Starbucks (SBUX) is all set to make the holiday season special for coffee…
Higher costs drag Marathon Petroleum Q3 earnings; stock dips
Marathon Petroleum Corp. (MPC) reported a decline in third-quarter earnings hurt by higher operating costs, despite strong revenue growth. Following…
AIG Q3 results miss estimates on catastrophe costs; net loss narrows
American International Group (AIG) Wednesday reported a net loss for the September quarter, contrary to expectations for positive earnings, hurt…
Pepsi turns to nutrition as soda-based drinks lose their fizz
With more American dumping carbonated beverages and shifting to healthier alternatives, the cola giants are busy tweaking their product portfolios,…
Wireless growth fuels Sprint’s recovery in Q2; stock gains
Sprint Corp. (S) turned to profit in the second quarter as revenues increased amidst stable subscription growth, defying analysts' expectations…
Skincare sales boost Estee Lauder’s Q1 results; stock jumps 7%
Shares of Estee Lauder Companies (EL) rose sharply in the pre-market Wednesday after the cosmetics manufacturer reported double-digit growth in…
eBay stock rallies after Q3 earnings beat; revenues meet street view
Riding on robust merchandise volume, eBay’s (EBAY) earnings increased and beat market estimates in the third quarter. Investors responded positively…
Mastercard thrives on consumer spending; reports record Q3 results
Revenues of Mastercard (MA) rose sharply and hit a record high in the third quarter as cardholders spent more on…
Under Armour Q3 results top estimates on overseas sales; stock soars
Shares of Under Armour (UAA) rallied in the premarket Tuesday after third-quarter results topped Wall Street estimates as overseas sales…
Boeing stock sinks after crash involving 737 MAX 8
Investor sentiment took a beating Monday after a 737 MAX 8 aircraft carrying 188 passengers, operated by Indonesian low-cost airline…
Earnings preview: Flattening sales may keep General Motors in slow lane in Q3
The market’s verdict on General Motors’ (GM) third-quarter performance will depend largely on how effectively the management tackled the impact…
IBM’s cloud push gets a boost from $34-billion Red Hat buyout
Hurt by the ongoing slump in the PC market and overdependence on the low-margin core business, IBM (IBM) is expanding…