Market News
IBM’s cloud push gets a boost from $34-billion Red Hat buyout
Hurt by the ongoing slump in the PC market and overdependence on the low-margin core business, IBM (IBM) is expanding…
Weatherford posts narrower-than-expected Q3 loss
Weatherford International plc (WFT) reported a narrower loss in the third quarter helped by improved efficiencies and reduced expenses as…
Earnings Preview: Analysts wait for Electronic Arts Q2 2019 result
Electronic Arts (EA) is scheduled to report its Q2 2019 results on Tuesday, Oct 30. The gaming giant now expects…
Companies reporting earnings this week: Oct 29 – Nov 2
A slew of major companies are reporting earnings this week. Industrial conglomerate General Electric (GE) will announce third-quarter earnings on…
Earnings Preview: Cognizant’s revenue to grow 8% in Q3
Cognizant Technology Solutions Corporation (CTSH) is set to report third-quarter 2018 earnings results on Tuesday, October 30, before market opens.…
Under Armour Q3 likely to be hurt by restructuring plan
Athletic apparel company Under Armour Inc. (UAA) is set to report its third-quarter results on Tuesday before the bell. The…
Earnings Preview: Key brands could fuel Pfizer’s Q3 revenues
Pfizer Inc. (PFE) is scheduled to report earnings results for the third quarter of 2018 on Tuesday, October 30, before…
Earnings Preview: Analysts expect Coca-Cola to hit $50 in third quarter
Beverage giant Coca-Cola (KO) is scheduled to announce its quarterly earnings results before the market opens on October 30. The…
Phillips 66 stock rallies after Q3 results beat street view
Diversified energy firm Phillips 66 (PSX) reported record earnings for the third quarter, supported by strong revenue growth in its…
Facebook ‘slapped on the wrist’ for Cambridge Analytica in the UK
Facebook Inc. (FB) was handed a fine of $645,000 by the Information Commissioner’s Office (ICO) in the UK over the…