Market News
Robust HDD sales lift Seagate Q1 results; unveils $2.3B share buyback
A further strong growth in hard-disk shipments pushed up Seagate’s (STX) first-quarter revenues and earnings, which also topped analysts’ forecast.…
Apple Q4 results beat estimates; stock falls on weak iPhone sales, guidance
Announcing the first quarterly results after achieving the $1-trillion valuation milestone, Apple (AAPL) reported record earnings for the fourth quarter…
Brexit could spur interest rate hikes after holding rates at 0.75%
The UK headline interest rate is maintained as expected at 0.75% by the Bank of England. The bank projected interest…
Starbucks keen on getting its brew right during holidays
After enticing customers with its Halloween-themed frappuccino, Starbucks (SBUX) is all set to make the holiday season special for coffee…
Higher costs drag Marathon Petroleum Q3 earnings; stock dips
Marathon Petroleum Corp. (MPC) reported a decline in third-quarter earnings hurt by higher operating costs, despite strong revenue growth. Following…
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…