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Cisco reinforces optical networking with $2.6-billion acquisition of Acacia
Taking forward the initiatives to ramp up its networking portfolio, Cisco Systems (Nasdaq: CSCO) Tuesday agreed to acquire Acacia Communication…
PepsiCo edges past market estimates in Q2
Beverage giant PepsiCo (NASDAQ: PEP) on Tuesday reported second-quarter earnings and revenues that topped earnings estimates. Revenues grew 2.2% to…
Verizon slips after Citi downgrades stock citing wireless pricing headwinds
Shares of Verizon (NYSE: VZ), the second largest telecom company in the US, declined early Monday after Citi downgraded the…
Semiconductor stocks get a big boost after US, China reach trade truce
In June, semiconductor stocks had experienced a high level of fluctuation, marked by last week’s spike following Micron’s (Nasdaq: MU)…
Constellation Brands slips to a loss in Q1 but beats estimates
Constellation Brands (NYSE: STZ) slipped to a loss in the first quarter of fiscal 2020 from a profit last year,…
Nike stock drops after Q4 earnings miss estimates; revenue up 4%
Sneaker giant Nike, Inc. (NYSE: NKE) reported weaker-than-expected earnings for the fourth quarter, hurt mainly by higher expenses and tax…
Conagra Q4 profit jumps 82% but misses estimates, cuts FY20 profit view
Conagra Brands (NYSE: CAG) reported an 82% surge in earnings for the fourth quarter of 2019 helped by lower expenses…