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Market News

Hewlett Packard Enterprise raises outlook, triggers a stock gain

Information technology giant Hewlett Packard Enterprise (NYSE: HPE) reported second-quarter revenues that missed the street consensus, even as the bottom-line came in…

HP Inc. stock climbs on Q2 earnings beat, strong guidance

PC maker HP Inc. (NYSE: HPQ) reported an increase in second-quarter adjusted earnings, which also topped expectations. Revenues, meanwhile, remained…

Most light-duty vehicles in the US to have embedded connectivity by 2023

A recent study has predicted that 90% of the light-duty vehicles and trucks in the US will have embedded connectivity…

Chipotle stock plunges after rating downgrade over cost escalation

Shares of Chipotle Mexican Grill (NYSE: CMG) were down 6% Thursday afternoon after BMO Capital Markets downgraded them to underperform…

Avon’s stock rallies on Natura deal

Shares of Avon Products Inc. (NYSE: AVP) are continuing their rally from a day ago when the company announced its…

Fate of T-Mobile-Sprint merger hangs in balance amid rigorous regulatory review

Ever since two of America’s biggest telecom firms – T-Mobile (Nasdaq: TMUS) and Sprint (NYSE: S) – announced their merger…

Best Buy tops Q1 earnings and revenue estimates; confirms FY20 outlook

Best Buy (NYSE: BBY) beats first quarter 2020 earnings and revenue targets. For the quarter ended May 4, 2019, adjusted…

Earnings: Sina Corp. Q1 adjusted profit declines; stock falls

Sina Corp. (Nasdaq: SINA) reported a decline in adjusted earnings for the first quarter when revenues of the China-based online…

Medtronic tops expectations on Q4 results

Medtronic plc (NYSE: MDT) reported revenue and earnings for the fourth quarter of 2019 that topped market expectations. Shares rose…

Hormel Foods Q2 profit beats estimates but cuts FY19 outlook

Hormel Foods Corporation (NYSE: HRL) reported a 19% jump in earnings for the second quarter of 2019 helped by lower…