Business News
Earnings preview: Market looks beyond Q2 as Roku gears up for earnings
Television streaming platform Roku (ROKU) is all set to announce its fourth financial report since going public in September last…
Disney shines on box office hits; stock dips as Q3 earnings miss
Entertainment conglomerate Walt Disney Company (DIS) closed its eventful third quarter on a positive note, with earnings registering double-digit growth…
Tesla fast-tracks China launch, starts hiring
A week after CEO Elon Musk reaffirmed that Tesla (TSLA) would turn profitable by the next quarter, the electric car…
Peace: Cisco, Arista settle patent infringement lawsuit
The patent infringement dispute between network technology companies Cisco Systems (CSCO) and Arista Networks (ANET) took a turn for the…
Twilio stock surges on Q2 earnings beat, strong guidance
Cloud communications platform Twilio Inc. (TWLO) turned to profit in the second quarter from a loss last year helped by…
New Goldman CEO picks Jim Esposito as co-head of equity division
After reporting excellent earnings and revenue numbers for the second quarter, Goldman Sachs (GS) is taking forward the management reshuffle…
Kraft Heinz stock jumps as Q2 results beat street view
An uptick in overseas sales pushed up Kraft Heinz’ (KHC) adjusted earnings in the second quarter, which also came in…
Activision Q2 results beat; stock dips on weak guidance
Earnings of gaming giant Activision Blizzard (ATVI) increased sharply in the second quarter and surpassed analysts’ expectations, aided by record…
Bleak comp sales adulterate Yum! Brands’ Q2 earnings beat as stock drops
Multi-brand fast-food chain Yum! Brands (YUM) reported better-than-expected earnings for the second quarter as the continuing global expansion boosted sales.…
Blue Apron reports Q2 loss on lower revenues; stock plunges
Continuing the protracted losing streak, meal-kit company Blue Apron Holdings (APRN) Thursday reported a net loss for the second quarter,…
Battered by stock plunge, FB looks to WhatsApp for revenue
Popular messenger WhatsApp has decided to charge marketing and promotional messages disseminated by enterprises. The move comes after Facebook recently…
Strong deliveries lift Tesla’s Q2 revenue to record high; loss widens
Electric car maker Tesla (TSLA) Wednesday reported record revenues for the second quarter and reiterated its promise to become profitable…
Sprint stock gains after Q1 results beat estimates
Telecommunications giant Sprint Corp. (S), which recently entered into a merger agreement with rival T-Mobile (TMUS), Wednesday said its first-quarter…
Earnings preview: It’s safe to bet on Activision’s digital dominance
As gaming giant Activision Blizzard (ATVI) prepares for the second-quarter earnings release, after reporting a record-high profit in the previous…
Shopify swings to a surprise profit in Q2 on strong revenues
E-commerce technology company Shopify (SHOP) made a modest recovery in the second quarter after staying in the negative territory for…
CBS stock in free fall as board orders probe against Les Moonves
The board of directors of CBS Corp. (CBS) Monday decided to have the sexual misconduct allegations against CEO Les Moonves…
Cognex Q2 earnings flat; stock gains
Cognex Corporation (CGNX), a machine vision technology company, reported flat earnings for the second quarter. The company’s stock gained after…
Seagate stock gains after Q4 results crush estimates
Storage device maker Seagate Technology (STX) continues to ride the wave of rapid adoption of cloud computing across industries, and…
Economy gathers steam; Q2 GDP growth is quickest since 2014
The US economy expanded at the fastest pace in about four years, in line with expectations, as households and enterprises…
Rockwell Collins earnings rise in Q3, but miss estimates
Rockwell Collins (COL), a leading supplier of communications and avionics equipment, said its earnings increased in the third quarter aided…
Electronic Arts Q1 profit dips; stock falls on weak guidance
Earnings of video game publisher Electronic Arts (EA) declined in the first quarter of 2019 when a sharp fall in…