News . Data . Research
Netflix has now started testing its pricier 'Ultra' plan, with a possible $17-price tag. While it might raise many an eyebrow, this
Netflix has now started testing its pricier 'Ultra' plan, with a possible $17-price tag. While it might raise many an eyebrow, this might be the final blow to cable companies, as it aims at a higher grade of cable cutters.
International Speedway Corp. (ISCA), which owns and manages racing facilities, reported above-consensus earnings for the second quarter aided by higher revenues from motorsports events. The earnings were, meanwhile, partially offset by softness in admission fees. The stock jumped nearly 7%
Jeff Bezos is well-known for disrupting industries. He firmly believes that if one wants to imbibe innovation then embracing disruption is inevitable. Last week's $1 billion acquisition of PillPack by Amazon (AMZN) testifies what Bezos believes and follows. The acquisition
There could not have been a better period than the last decade for the concept of virtual money to bloom and flourish, both in terms of technology and market conditions. The increasing acceptance of cryptocurrencies as an investment option, despite
Beer-maker Constellation Brands (STZ) reported an earnings miss, in spite of beating sales expectations for the first quarter of fiscal 2019. Net sales came in at $2.04 billion, an increase of 6% year-over-year, while earnings on a reported basis were
Global sneaker giant Nike (NKE) reported above consensus earnings and revenue numbers for the fourth quarter, surpassing the management’s expectation of high single-digit revenue growth it cited in last quarter’s earnings call. The sales growth was driven by the double-digit
Amazon (AMZN) inked a merger agreement with online pharmacy PillPack for an undisclosed amount. This deal, which is expected to close during the second half of 2018, will help the e-commerce giant in registering a strong foothold in the healthcare
Professional services company Accenture (ACN) reported Q3 earnings that topped analysts estimates. During the quarter, the company reported earnings of $1.60 a share. Excluding items, the company’s earnings rose 18% to $1.79 per share, beating the consensus estimate of $1.72
Walgreens Boots Alliance (WBA) reported sales of $34.3 billion for the third quarter of 2018, an increase of 14% from the same period last year. Sales rose 11.8% on a constant currency basis. On a GAAP basis, net earnings attributable
The US home decor retailer Bed Bath & Beyond (BBBY) reported a beat on the top line results, while posted in-line bottom line results for the first quarter of 2018. Sales were almost flat for the quarter, inched up 0.4%
American Airlines Group (AAL) stock is going incredibly cheap as the shares touched a new yearly low of $38.26 on Wednesday. High oil prices, labor costs, industry-wide capacity growth, and technological glitches were cited as the reasons behind the downward
Paychex (PAYX) reported a 17% jump in earnings for the fourth quarter, helped by an increase in revenue from HR services and payroll services, besides lower income tax. The company’s stock inched up 0.29% in the premarket as its revenue
Shares of General Mills (GIS) surged 1.50% during pre-market trading, after the company reported better-than-expected earnings during Q4 2018, aided by its cost-cutting initiatives. The company’s earnings fell to $0.59 per share from $0.69 per share a year earlier. Excluding
This week Nike (NKE) improved its position in the Dow Jones Industrial Average and clinched the second position, largely reflecting the upbeat sentiment in the market. The sneaker maker is widely expected to report above-consensus earnings Thursday, when it is
Oklahoma based drive-in fast-food restaurant chain, Sonic Corp (SONC), surpassed third quarter adjusted earnings estimates, while missed slightly on revenue targets. Revenue dropped 4.5% year-over-year to $118.3 million, while profit jumped 15% to $21.6 million. On a per share basis,
Photo-sharing app Instagram, which last week announced that it has reached 1 billion monthly active users, is reportedly worth over $100 billion as a standalone company. The Bloomberg report also predicted that Instagram would exceed 2 billion monthly active users
If you thought Netflix (NFLX) has reached the threshold of growth in the home market, you are probably wrong. Highlighting its confidence in the online streaming giant, research firm Bernstein today stated that it expects Netflix to achieve US subscriber
Shares of homebuilder Lennar (LEN) rose 2.6% during premarket trading after the company topped both top and bottom line estimations during Q2 2018. This is the first quarterly result that includes the company’s recently acquired CalAtlantic's operations. The company’s strong
The leading cloud service providers have one thing in common – in most cases cloud is not their core business, but it continues to drive revenue growth. Touted as the latest revolution in the IT industry, cloud computing is forecast
02:30 AM ET, New York: In these turbulent times – with the threat of trade-tariff wars and the oil price fluctuations – it usually makes sense to ape successful traders who have proven themselves again and again with their analytical
Berkshire, JPMorgan and Amazon have announced on Wednesday that Dr. Atul Gawande will be donning the role of CEO for their newly formed healthcare venture. Gawande will be joining the yet-to-be-named venture on July 9th. When Warren Buffett, Jeff Bezos
