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Month: April 2018

New products drive sales at Abbott in Q1

Healthcare company Abbott Laboratories (ABT) reported worldwide sales of $7.4 billion for the first quarter of 2018, an increase of…

Here is why Tesla suspended Model 3 production

The temporary shutdown of Tesla’s Model 3 sedan production at Fremont raised some questions on the company’s plan of action.…

Active trading lifts Morgan Stanley results in Q1

Morgan Stanley (MS) — the last major investment bank to report earnings — soundly exceeded market expectations during the first quarter…

Amazon finds the healthcare space a hard nut to crack

Rumors surrounding Amazon’s (AMZN) foray into the trillion-dollar healthcare market had not only grabbed widespread media attention; it had also…

Facebook scandal: How far does it go?

There appears to be no end to the Facebook mess. The whole saga that started with Cambridge Analytica has now…

United Airlines beats street estimates amidst rising fuel costs

United Airlines (UAL) reported its first-quarter results on Tuesday after the closing. The company reported adjusted earnings of $0.50 per…

Intuitive Surgical profit soars 59% on da Vinci procedures demand

Intuitive Surgical (ISRG), the creator of the da Vinci robotic-assisted surgical system, reported a first-quarter profit that exceeded market consensus.…

IBM shares plunge on downbeat outlook

Earnings of technology conglomerate IBM (IBM) declined in the first quarter, despite strong cloud revenue lifting the top line. However,…

Boring Company gets more funding, but hurdles galore

Elon Musk seems to have taken the conventional route this time to raise money for Boring Company. The tunnel-digging firm…

Walmart overhauls shopping website to close the gap with Amazon

There is hardly anything Walmart (WMT) has not pursued in its efforts to stay relevant in the highly competitive retail…