Month: May 2018
MetLife’s profit beats estimates; stock in green
Insurer MetLife (MET) reported a 44% jump in first-quarter earnings driven by favorable underwriting, volume growth, and the effects of…
Increased expenses broaden Square’s loss in 1Q
Payment processing company Square (SQ) reported its first quarter results after the bell. Revenue for the quarter topped analysts’ consensus,…
Spotify stock falls 7% on dismal outlook, after first earnings report
Continuing the trend that began nearly a decade ago, Spotify (SPOT) reported a loss for the first quarter despite higher…
Tesla posts better-than-expected Q1 results
Electric car pioneer Tesla (TSLA) today reported 26% jump in first revenue to $3.4 billion, beating analysts’ estimates. The adjusted…
Fitbit shines even as it dials down outlook
In a market session that saw Garmin fly high with earnings, the day got better for the wearables market after…
American Airlines close to ordering 15 Bombardier jets
At a time when passenger traffic has reached an all-time high, the airline industry is facing turbulence from the soaring…
Tesla faces new lawsuit from smaller rival Nikola Motor
Tesla (TSLA) is facing a fresh lawsuit from its competitor Nikola Motor, who claims that Elon Musk’s company duplicated its…
Snap’s new design brought an ugly result
Snap Inc. (SNAP) reported its first quarter 2018 results on Tuesday which were not impressive enough despite growth in both…
Gibson trying to play a different tune post bankruptcy
Guitar-maker Gibson on Tuesday filed for bankruptcy as debt woes continue to haunt the firm. As part of the restructuring…
Q2 proves iPhone is here to stay
When Apple (AAPL) released its second-quarter results, marked by outstanding sales performance and a mammoth share buyback program, the only…