The parent company of Standard & Poor’s, S&P Global (NYSE: SPGI), is at a critical juncture on its chart and the company is getting ready to report earnings later this week.This rally has brought the stock back up to the $195 level and the company will report fourth quarter earnings results on Thursday, February 7. S&P Global’s fundamentals have been strong over the last few years.
Cigarette and e-cigarette manufacturer British American Tobacco (NYSE: BTI) dropped by over 50% during 2018 before rallying slightly in the past month.However, if Tickeron’s AI Prediction tool is accurate, the stock could be getting ready for another leg down. The prediction model generated a bearish signal three days ago with an 84% confidence level.
Fiat Chrysler Automobiles said on Tuesday it would recall 882,000 pickup trucks worldwide in two new recalls to address steering and pedal issues. The Italian-American automaker said it was recalling about 660,000 heavy duty Ram 2500 and 3500 pickup trucks from the 2013 through 2017 model years, including 574,000 in the United States, as drivers could potentially experience steering loss. READ MORE...
The video game company reported earnings of 86 cents a share for its fiscal third quarter, falling short of analysts expectation of $1.94 a share (based on FactSet data).Revenue of $1.3 billion also fell below estimate of $1.8 billion. The firm’s full-year revenue guidance of $4.9 billion was less than the expected $5.2 billion.  Electronic Arts CEO Andrew Wilson indicated that the third quarter was challenging for the company and that they did not perform to their expectations, and also warned that the current period might not be a smooth ride either.
6%, the carrier reported a massive 11.4% gain in its total operating revenue per available seat mile ("TRASM") in Q4. Q4 proved to a productive period for the carrier as earnings reached $1.38 per share versus an estimated $1.39.While revenue reached $862.8 million versus an expected $852 million, an increase of 29.5% compared to the fourth quarter 2017. However, GAAP adjusted net income (excluding special items) for the fourth quarter 2018 stood at $91.9 million verses an estimate of $94.7 million.
But, the entertainment giant expressed caution against a possible dent in profit as the company launches its own streaming service Disney+ and therefore potentially lose some of its licensing revenues. The company’s earnings during the three months ending December came in at $1.84 per share, outpacing analysts’ expected $1.55 a share.They were, however, -3% lower compared to the year-ago quarter. Revenue at $15.303 billion was higher than analysts’ estimate of $15.1 billion. In April, Disney will launch its streaming platform Disney+ which will show movies and its original content.
After several months of dismal performance, Snap Inc.'s latest report confirmed forecast-beating fourth quarter earnings -- sending the beleaguered stock soaring back with gains of more than 20% in Tuesday’s after-hours trading. The adjusted earnings loss for the fourth quarter stood at 4 cents per share, beating estimates by 4 cents.Revenue increased 36% to a record $390 million, while operating loss improved $166 million to ($195) million.
Disney’s latest fiscal quarter report confirms forecast-beating earnings per share ($1.84 per share versus an estimate of $1.55 per share) and revenue ($15.30 billion versus $15.14 billion expected).Revenue in Disney's media networks business, which includes ESPN, rose 7% to $5.92 billion in the first quarter, compared to the year-earlier period, while its parks business was up 5% to $6.82 billion. This impressive outcome may be attributed to Disney’s increased sales in media networks like the ESPN+, which has doubled its subscriber count in the last five months to stand at 2 million paid subscribers, as well as its theme parks businesses. The company’s CEO reiterated that Disney’s foray into online streaming services amid growing competition from streaming giants like Netflix (NFLX) remains their top priority, as they will continue to strengthen their direct-to-customers offerings. The number of consumers preferring streaming services at a cheap cost to traditional cable packa
If Volkswagen realizes its ambition of becoming the global leader in electric cars, it will be thanks to a radical and risky bet born out of the biggest calamity in its history. Read More...
Sometimes too powerful. Last year, a spate of lynchings triggered by viral hoax messages on its service put the company at the center of a debate about misinformation in the country, where it has more than 200 million users.READ MORE...
Stocks are booming because investors care a lot more about corporate profits on Wall Street than any drama in Washington.READ MORE...
SoftBank Group Corp. is buying back as much as 600 billion yen ($5.5 billion) of stock, as founder Masayoshi Son steps up efforts to close the disparity between what he thinks the company is worth and its market value. Read More...
One of the biggest shareholders of Advanced Micro Devices Inc. (AMD) said that it sold common shares of the semiconductor company, while planning to convert warrants into equity shares. On Tuesday, Abu Dhabi’s sovereign wealth fund Mubadala Investment Co. said that it sold 34.9 million common equity shares in AMD.The state-owned fund also mentioned plans to convert 75 million warrants, which would provide $448.5 million to AMD (according to Mubadala Investment).
Seagate Technology outpaced earnings and revenue estimates for its latest quarter, but portended challenges from a geopolitical angle. The data storage company reported fiscal second-quarter earnings of $1.34 per share – compared to analysts’ expectation of $1.27 a share.However, revenue was -6.5% lower from the year-ago quarter. Seagate CEO Dave Mosley recognized headwinds from geopolitical uncertainties for the storage industry, but also indicated his faith in long-term growth of demand.
During just six months crude oil prices ripped higher by about 20 percent, plunged more than 40 percent and snapped back 25 percent, an intense volatility that analysts warn could be the new normal in the oil market. Read More...
Chevron Corporation’s latest fourth quarter earnings report beat estimates as the company saw a 20% rise in EPS to $1.95, though quarterly revenue fell short of estimates -- $42.35 billion versus an estimated $46.13 billion. The company’s net oil-equivalent production also grew more than 7% in 2018 to a record 2.93 million barrels per day. Total earnings for 2018’s fourth quarter, including $2.02 billion in tax benefits related to U.S. tax reform, stood at $3.7 billion ($1.95 per share – diluted) compared to $3.1 billion ($1.64 per share – diluted) in the fourth quarter of 2017. Sales and other operating revenues for the fourth quarter 2018 stood at $40 billion, compared to $36 billion in the year-ago period. According to several analysts, the company has focused on a clear strategy to attract investors.For example, the company has resumed its share buyback program with sufficient cash and cash equivalents at its disposal - a planned rate of ~$3 billion annually for the f
Last December, the Indian government published a circular that prohibits Amazon and Flipkart from selling a companies' products if they have an equity stake in the company.Amazon's e-commerce presence in the country is at a nascent stage, and the region has huge growth potential. According to global consultancy firm PWC, India's e-commerce market is expected to cross the $100 billion mark by 2022, with online retail and travel holding more than a 90% share. Amazon has already invested roughly $5 billion in the market and plans to pour in an additional $2 billion into its Indian wing.
In a proclaimed mission to accelerate the world’s transition to sustainable energy, Tesla plans to acquire energy technology company, Maxwell Technologies, for about $218 million.The move to acquire Maxwell’s shares may not come as a surprise, given Tesla’s CEO’s commitment to technology-driven electric cars (versus batteries) which he sees as a likely breakthrough. Further, Maxwell is reputed to build electric battery components that are significantly cost and energy efficient compared to those typically used in the industry. This cost reduction is consistent with Tesla’s mission of lowering electronic vehicle prices, in order to widen its addressable market while maintaining margins.
The volatility that rocked oil prices last quarter may have moderated, but Citi's global head of commodities research says the market's "nightmare" is not over yet. Read More...
General Motors will begin involuntary layoffs on Monday, hoping to complete the latest round of cutbacks before releasing its fourth-quarter earnings on Wednesday. Read More...
Previous
475 of 538
Next