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NetApp Inc. (NTAP) reported better-than-expected earnings for the third quarter of 2019 but revenues fell short of expectations, sending the stock tumbling
NetApp Inc. (NTAP) reported better-than-expected earnings for the third quarter of 2019 but revenues fell short of expectations, sending the stock tumbling over 7% in aftermarket hours on Wednesday. Total revenues grew 2% to $1.56 billion from the same period
Cisco Systems (CSCO) swung to profit in the second quarter from a loss last year, which included an $11.1 billion charge related to the enactment of the Tax Cuts and Jobs Act. The results exceeded analysts' expectations. The company guided
Yelp (NYSE: YELP) stock jumped 5% in the extended hours of trading after the company’s Q4 results beat estimates. The company’s board also doubled the share repurchase program to $500 million and plans to buy back $250 million in the
Shares of online travel booking company TripAdvisor (TRIP) have been in a downward spiral ever since it reported weaker than expected fourth-quarter earnings on Tuesday. Though total revenues increased year-on-year and came in above the estimates, the hotel segment fell
The US smartwatch market has grown significantly in the past one year and Apple (AAPL) and Fitbit (FIT) own a large piece of this pie. According to a report from NPD, smartwatch sales in the US grew 51% to around
Establishing its foray into robotic health products, pharmaceutical giant Johnson & Johnson (JNJ) on Wednesday announced it was acquiring California-based Auris Health in a cash deal valued at approximately $3.4 billion. Auris Health specializes in robotic technologies and has an
After plunging to a yearly low ($2.41) in December end, Diebold Nixdorf (DBD) stock jumped today on reporting upbeat Q4 sales and strong 2019 outlook. However, Diebold reported a loss of 8 cents per share versus the breakeven expected by
After a challenging season marked by weather-related disruptions, Duke Energy (DUK) will be publishing its fourth-quarter results Thursday before the market opens. The expectations are mixed this time as the energy utility company had a tough time managing the restoration
Teva Pharma (TEVA) posted its fourth-quarter 2018 before the opening bell on Feb. 13. The generic drugmaker saw revenue slip 16% to $4.56 billion in the quarter, while net attributable loss shrunk to $2.94 billion or $2.85 per diluted share vs.
Dish Network Corp’s (DISH) stock gained 0.30% in pre-market trade on Wednesday as the US satellite TV service provider posted better-than-expected revenue in the fourth quarter. Revenue for the quarter stood at $3.31 billion, higher than the street projection of
Shares of Akamai Technologies (AKAM) gained about 2% Tuesday after the cloud services provider reported stronger than expected earnings and revenues for the December quarter, reflecting broad-based demand growth led by the cloud security solutions segment. [caption id="attachment_22586" align="aligncenter" width="1280"]
Groupon Inc.’s (GRPN) shares fell 11% in aftermarket hours on Tuesday after the company missed earnings estimates for the fourth quarter of 2018. Revenues, despite a decline, came in ahead of expectations. Total revenues fell 8% year-over-year to $799.9 million,
Activision Blizzard (ATVI) swung to a profit in the fourth quarter from a loss last year, helped by lower costs and expenses as well as a decline in income tax expense. However, the results missed analysts’ expectations and the company
Twilio (NYSE: TWLO) fourth-quarter earnings came in line with estimates while revenue surpassed street estimates comfortably. Yesterday, Twilio’s stock hit a new 52-week high level eclipsing $119 mark. After the earnings announcement, shares of the firm were down above 6%
Soft drink giant PepsiCo (PEP) is scheduled to publish its fourth-quarter financial results Friday before the market opens. Analysts’ consensus estimate for adjusted earnings is $1.49 per share, up 14% from the year-ago period. Revenues are expected to be broadly
Aurora Cannabis (ACB) on Monday reported a loss of C$238 million in the second quarter of 2019, compared to a profit of C$7.7 million in the year-ago quarter. Net revenue of C$54.2 million was up 363% year-over-year and 83% sequentially.
Quest Diagnostics (DGX) has been pursuing strategic buyouts to tackle the slowdown in revenue growth in recent quarters, marked by weakness in prescription drug monitoring. Earning of the clinical laboratory is expected to drop about 1% year-on-year to $1.36 per
Despite reporting market-beating fourth-quarter results, shares of Shopify (SHOP) fell over 6% during pre-market trading on Tuesday, as investors remained worried about the deceleration in top-line growth. Revenue for the quarter jumped 54% to $343.9 million, well above the management
Sports apparel giant Under Armour (UAA) released its financial results for the fourth quarter of 2018 on Feb. 12, before the opening bell. For the reporting period, revenue inched up 2% to $1.4 billion, generating net income of $4 million or
Tesla’s (TSLA) ambitious expansion into the international market gathered momentum this month with the first batch of Model 3 getting ready for delivery in China and orders pouring in from Europe. However, the electric carmaker seems to be caught between
Applied Materials (NASDAQ: AMAT) is scheduled to announce its first quarter results for the fiscal 2019 period on February 14 after the bell. The chip equipment maker is announcing its results just weeks after Texas Instruments (TXN) came up with
