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Month: July 2018

Exxon Mobil shares fall on Q2 earnings miss

 Oil and gas company Exxon Mobil (XOM) witnessed a 3% drop in its share price after it missed analysts’ earnings…

Merck posts upbeat Q2 results

Pharma giant Merck (MRK) reported a 12.4% dip in earnings for the second quarter as higher costs offset a dip…

Twitter tumbles on slow user growth in Q2

Twitter Inc. (TWTR) reported a 24% increase in total revenues to $711 million for the second quarter of 2018 compared…

Expedia stock surges on topping estimates in Q2

Online travel services provider Expedia Group (EXPE) reported lower profits in the second-quarter of 2018, primarily hurt by increased marketing…

New drug sales power Amgen’s Q2 results

In the midst of Amgen (AMGN) facing intense competition for its blockbuster products from its rivals, the pharma company posted…

Loyalty members, sales push Starbucks profit higher in Q3

Coffee-shop chain Starbucks posted third-quarter earnings on Thursday, with net revenue jumping 11% to a record $6.3 billion. Profit was…

Face-Off: Amazon’s facial recognition tool really messed up this time

Amazon’s (AMZN) facial recognition tool Rekognition misidentified 28 Congress members as illegal suspects. The tool was tested by the American…

LIVE BLOG: Amazon Q2 2018 earnings call

Amazon shares are up about 3.2% at 6 PM ET Conference call ends Seeing good traction in Prime memberships Amazon’s…

Comcast shares rise on upbeat Q2 earnings

Shares of Comcast (CMCSA) rose 4% after it reported a stronger-than-expected earnings growth in its second quarter, boosted by the…

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…