Month: October 2018
Allstate stock drops as Q3 profit misses estimates
The Allstate Corp. (ALL) reported a 31% jump in earnings for the third quarter helped by higher premiums earned, lower…
Express Scripts Q3 profit jumps 27%, meets estimates
Express Scripts Holding Co. (ESRX) reported a 27% jump in earnings for the third quarter helped by strong client retention…
Lime recalls electric scooters on fire and explosion fears
Electric-scooter maker Lime has recalled certain e-bikes due to a potential fire risk of its batteries. A manufacturing defect as…
AIG Q3 results miss estimates on catastrophe costs; net loss narrows
American International Group (AIG) Wednesday reported a net loss for the September quarter, contrary to expectations for positive earnings, hurt…
Qorvo stock ticks up after beating Q2 estimates
RF solutions provider Qorvo (QRVO) reported its second quarter 2019 financial results that beat consensus estimates. Non-GAAP EPS increased by…
Fitbit recovers top line in Q3 as fight with Apple Watch intensifies
Wearables veteran Fitbit (FIT) on Wednesday posted slight improvement in revenue of $394 million from last year’s $392.5 million, just…
Earnings preview: Not many reasons to hate Alibaba
Chinese retail giant Alibaba (BABA) has had a tough run this year, with the stock tumbling 35% from its high…
Pepsi turns to nutrition as soda-based drinks lose their fizz
With more American dumping carbonated beverages and shifting to healthier alternatives, the cola giants are busy tweaking their product portfolios,…
Chesapeake soars 9% after delivering strong Q3 results
Chesapeake Energy Corporation’s (CHK) stock soared over 9% in morning trade today after the company topped estimates on revenues and…
Anthem surpasses Q3 results expectations and raises guidance
Anthem Inc. (ANTM) topped market estimates on revenue and earnings for the third quarter of 2018 and raised its outlook…