Box Inc. shares plunged -20% Thursday, after the company released full-year earnings guidance lower than analysts’ expectations. The cloud services company has forecasted its bottom-line to range between a loss of 3 cents per share to positive earnings of 1 cent per share for FY 2020.Revenue for the quarter came in at $163.7 million, which is below analysts’ expected $164.2 million.  The company’s billings increased +16% year-over-year to $237.7 million According to Aaron Levie, co-founder and CEO of Box, the company saw strength in add-on product attach rates and delivered solid growth in six-figure deals in fiscal 2019.
Cereal-maker Kellogg has announced it will revamp its packaging design in Europe in a move intended to push its natural qualities and heritage. Kellogg, known for the "snap, crackle and pop" of its Rice Krispies cereal and for characters such as Tony the Tiger, who appears on boxes of Frosties (Frosted Flakes in the U.S.), said it was the largest redesign of its cereal boxes in the company's 113-year history.READ MORE...
Square beat fourth quarter earnings estimates, but lagged behind analysts' expectations on first quarter guidance.  The merchant services aggregator & mobile payments company, co-founded by Twitter CEO Jack Dorsey, reported adjusted earnings of 14 cents per share for the fourth quarter, which exceeded analysts’ expectations of 13 cents a share (based on Refinitiv data).Another major win for the company came in the form of its peer-to-peer Cash App’s monthly active customer count doubling from a year earlier to reach more than 15 million in December 2018. However, the company’s outlook on the upcoming first quarter earnings fell short of analysts’ expectations.
Building materials provided Owens Corning (NYSE: OC) has seen a shift in its momentum in the past few months and it could be a good sign for the stock.It also looks like the 50-day may be ready to act as support now. The Tickeron AI Prediction tool generated a bullish signal on Owens Corning on February 26 and that is a prediction for a gain of at least 4% over the next month.
Juniper Networks (NYSE: JNPR) announced earnings results on January 29 and the results disappointed investors.This could be another bad sign for the stock. The Tickeron AI Prediction tool generated a bearish signal on Juniper on February 25.
Biotech firm Exelixis (Nasdaq: EXEL) has been trending sharply higher since the end of October and a trend channel has formed that defines the up and down cycles within the overall upward trend.The stock has been grinding sideways with a slight downward bias since mid-January and that has allowed the lower rail of the channel to catch up to the stock price. With the stock hitting the lower rail it looks as if the next upward cycle is underway.
Noble Energy (NYSE: NBL) is engaged in the exploration and production of oil, natural gas, and liquid natural gas.It is also worth noting that the stock hit overbought territory last week, based on the 10-day RSI and the daily stochastic readings. The Tickeron AI Prediction tool generated a bearish signal on Noble Energy on February 22.
In a $4.5-billion move designed to meet growing demand for Jeeps, Dodge Rams and electric vehicles, Fiat Chrysler Automobiles plans to turn an old jeep facility into a new Jeep plant in Detroit, as well as investing in five other Michigan factories.The revamp is expected to create nearly 6,500 new jobs. The new Jeep plant will focus on vehicles with higher margin opportunities for the company, such as larger, three-row SUVs, as well as new electric Jeeps, including at least four plug-in hybrid vehicles. Fiat also plans to open two more assembly plants at Detroit’s Mack Avenue Engine Complex for the new Jeep Grand Cherokee and a new large, three-row SUV, and plug-in hybrid models.
Some of Macy’s brands like Nike (NKE) and Coach have now opened standalone stores and at the same time have also ramped up their own websites. Taking into account this current retail situation, Macy’s has decided to invest in five select areas in 2019.First is its Growth150 Plan where the company will further upgrade its more profitable stores with new lighting, fixtures and merchandise. Second, focusing on Macy’s Backstage, the off-price business of the company that sells apparel and home goods at hefty discounts.
After a 15-month attempt by the Trump administration to block AT&T’s $85.4 billion purchase deal with Time Warner, the company emerged victorious -- the U.S. Justice Department declared it would not fight an appeals court approval of the deal. President Trump has been critical of this acquisition because he saw it helping Time Warner’s CNN unit, which he accused of disseminating fake news. However, this accusation by the government was deemed unpersuasive by the three judge panel on the U.S. Court of Appeals for the District of Columbia, resulting in approval of the deal. In an era of Netflix (NFLX) and Google (GOOGL) that allows access of content with no need for cable subscription, the merger is a turning point as it sets the stage for the No.2 wireless carrier to integrate its WarnerMedia business as well as its new Xandr advertising unit. The merger, which was announced in October 2016, closed on June 14, 2018, shortly after U.S. District Judge Richard Leon r
There will not be a recession this year despite a slowdown in economic activity worldwide, a top executive at Carlyle Group told CNBC Wednesday.READ MORE...
The world's biggest sovereign wealth fund went on a stock buying spree during the market turmoil at the end of 2018. Norges Bank, which manages Norway's $1 trillion oil-funded wealth pot, said it bought 185 billion crowns ($21.7 billion) worth of equities, with the bulk of purchases coming in November and December.READ MORE...
The European Central Bank (ECB) shouldn't rush into implementing massive bond-purchase programs in the future, the head of the German central bank warned in an interview with CNBC Wednesday. READ MORE...
Dycom Industries stock plummeted nearly -30%, following news of the company’s weaker-than-expected earnings for the fourth quarter, in addition to its lower-than-expected earnings guidance for the forthcoming first quarter. The specialty contracting services company reported earnings of 10 cents per share for the fourth quarter, which fell short of analysts’ expectations of 15 cents a share. The company’s fourth quarter revenue of $749 million came in lower than analysts’ estimates of $721 million. Looking ahead, the company is expecting its first quarter earnings to come in between 34 cents and 56 cents per share, which is below analysts’ expectation of 77 cents per share.The company forecasts revenue to range between $750 million and $800 million, compared to analysts’ prediction of $790 million.
trade representative, Robert Lighthizer, says any trade deal with China is far from complete and still needs a lot of work. "Much still needs to be done before an agreement can be reached," U.S. Trade Representative Robert Lighthizer said." President Trump was hopeful this week that an agreement could be reached when he said "substantial progress" had been made after negotiations that went through the weekend. 
German drugs and lab supplies maker Merck has offered $5.9 billion, including debt, for Versum Materials, in a cash deal that tops an offer from U.S. rival Entegris, as both seek to boost their electrochemicals operations. Merck said it planned to buy Versum for $48 per share - or $5.2 billion excluding debt - for a premium of 16% to Tuesday's closing price and of 52% to the share price before Entegris' offer. Entegris announced a $4 billion all-stock deal in January.
Epizyme, Inc. incurred loss of 29 cents per share in the fourth quarter of 2018, narrower than the Zacks Consensus Estimate of loss of 49 cents and the year-ago loss of 52 cents. Read more...
Office Depot shares climbed +9% Wednesday, after the company reported better-than-expected fourth quarter earnings. The office supply retailing company reported adjusted earnings of 9 cents a share, exceeding analysts' expectations of 8 cents. Revenue for the quarter came in at  $2.67 billion, higher than $2.58 billion of the year-ago quarter.On the other hand, revenue from the firm’s services business surged +34%, with the growth largely driven by the divisional output of CompuCom (the IT firm that Office Depot acquired in 2017). For the full-year 2018, Office Depot sales of $11 billion were +8% higher than 2017’s $10.24 billion.
Kraft Heinz, the ailing food giant, has tapped investment bank Credit Suisse to review options for its Maxwell House coffee business, which could include a potential sale, people familiar with the matter tell CNBC.READ MORE...
Campbell Soup's stock price climbed more than +5% Wednesday morning, on the back of better-than-expected earnings for the fiscal second quarter. The producer of canned soup reported adjusted earnings of 77 cents a share for the quarter, beating analysts’ estimates of 70 cents a share.Revenue came in at $2.71 billion - which is higher than analysts' expectations of $2.66 billion.  Campbell is currently in the middle of a restructuring, as it seeks to divest some of its international businesses and Campbell Fresh.
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