Month: January 2019
Commerce Bancshares beats earnings consensus by a cent in Q4
Commerce Bancshares, Inc. (NASDAQ: CBSH) reported fourth-quarter results that surpassed street estimates, thanks to a favorable credit environment. Net income…
BB&T beats Q4 earnings estimates; revenues miss
BB&T Corporation (BBT) topped market expectations on earnings for the fourth quarter of 2018 but revenues came in shy of…
Financial giant Morgan Stanley posts Q4 earnings below market expectations
Volatile global market environment pushed fourth-quarter revenue and profit of Morgan Stanley (MS) below Street expectations, as the financial giant reported…
Kinder Morgan Q4 earnings meet estimates; revenue up 4%
Energy infrastructure company Kinder Morgan (KMI) reported an increase in fourth-quarter revenues, helped mainly by strong contributions from the natural…
CSX Corp Q4 profit dips 80% but beats estimates
CSX Corp (CSX) reported an 80% dip in earnings for the fourth quarter of 2018 as the previous year quarter…
Alcoa Q4 earnings beat estimates amidst tough macro factors
Alcoa’s (NYSE: AA) fourth quarter earnings beat analyst consensus despite tough macro trends due to ongoing trade wars and lower…
Red Hat shareholders give green signal for acquisition by IBM
The closely-followed acquisition of software company Red Hat (RHT) by tech giant IBM (IBM) moved closer to completion after the…
Netflix’s price hikes might be a good thing
Netflix Inc. (NFLX) is raising its monthly subscription prices in the US. The lowest plan rate will go from $8…
Earnings preview: Spin-off to make VF Corp stronger
Maker of branded apparel, VF Corp (VFC), is scheduled to report third-quarter results on Friday, January 18. Analysts expect the…
Snap’s stock plunges 11% after news of CFO’s exit
Snap Inc. (SNAP) saw its shares topple 11.7% in morning trade on Wednesday after the company disclosed that its CFO…