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Month: January 2019

Weak Macros drag Western Digital’s Q2 earnings

Data storage provider Western Digital (NASDAQ: WDC) reported weaker-than-expected Q2 results. The company continues to be impacted by falling NAND…

Alaska Airlines stock jumps 3% on better-than-expected Q4 earnings

Alaska Airlines (ALK) Thursday reported fourth-quarter earnings that surpassed analysts’ estimates. Earnings rose to 75 cents per share from 71…

Earnings preview: Defense contracts to drive Lockheed Martin Q4 results

Defense contractor Lockheed Martin (LMT) is scheduled to post its fourth-quarter earnings results on Tuesday before the bell. The company…

US unemployment applications drop to 49-year low amid government shutdown

The number of applications for unemployment benefits in the US dropped close to a 49-year low last week. Data from…

Chipmakers, airlines rally lift the Nasdaq despite government shutdown, trade war

On January 24, Thursday, airline stocks and chipmakers lifted the Nasdaq, especially on a day that China-US trade war and…

Autonomous flying taxi nears reality after Boeing conducts test flight

For most people, autonomous flying taxi is yet another science fiction concept, even after the first successful tests were conducted…

STMicroelectronics’ shares soar 9% after Q4 results beat expectations

STMicroelectronics NV (STM) surpassed analysts’ expectations on revenue and earnings for the fourth quarter of 2018, sending shares soaring 9.5%…

Freeport-McMoRan misses Q4 earnings and revenue estimates; stock drops

Freeport-McMoRan’s (FCX) Q4 earnings of 11 cents per share and revenue of $3.68 billion fell short of analysts’ views and…

Huawei looks to topple Samsung as top smartphone maker despite US ban

Chinese smartphone giant Huawei Technologies Co Ltd announced its plan to become the world’s biggest-selling smartphone vendor in 2019, despite…

W.W. Grainger Q4 profit jumps 38%, beats estimates

W.W. Grainger (GWW) reported a 38% jump in earnings for the fourth quarter helped by higher sales, operating expense leverage…