X

Business News

GM’s self-driving division secures $1.2-billion funding from investor group

The autonomous vehicle unit of General Motors (NYSE: GM ) received a big fillip this week after it secured a $1.15-billion…

Earnings preview: Mixed results await Duke Energy in Q1

Duke Energy Corp. (NYSE: DUK) ended the last fiscal year on a dismal note, after facing multiple challenges including the…

AB InBev Q1 earnings rise amid solid organic revenue growth

Anheuser-Busch Companies (NYSE: BUD), the manufacturer of popular beer brand Budweiser, Tuesday reported an increase in first-quarter earnings, supported by…

Earnings preview: What to look for when Dropbox reports Q1 results

Dropbox (Nasdaq: DBX) improved its financial position in almost every quarter after going public last year, adding to the prospects…

Kraft Heinz to restate financial reports; to delay Q1 results

Pursuant to an investigation into its procurement practices, based on an SEC notification, packaged food company Kraft Heinz (Nasdaq: KHC)…

Earnings preview: What is in the cards when Roku reports Q1 results

TV streaming platform Roku (Nasdaq: ROKU) is scheduled to publish its first-quarter results Wednesday after the market closes. It is…

Earnings: Tyson Foods Q2 profit, sales beat Street view

Packaged food company Tyson Foods (NYSE: TSN) Monday reported better-than-expected earnings and revenues for the second quarter of 2019. The…

Earnings preview: Regeneron set for a blockbuster quarter amid robust sales

Regeneron Pharmaceuticals (Nasdaq: REGN) will be reporting earnings for the first quarter Tuesday before the opening bell. Market watchers are…

Earnings preview: No surprises expected when AIG reports Q1 results

The challenges facing the general insurance segment of American International Group (NYSE: AIG) have weighed down investor sentiment for long,…

Earnings: Newell Brands stock spikes after Q1 results beat estimates

Consumer goods company Newell Brands (Nasdaq: NWL) reported a decline in adjusted earnings for the first quarter of 2019, owing to…

Earnings: Expedia Q1 loss narrows; stock falls on revenues miss

Online travel company Expedia Group (Nasdaq: EXPE) reported a narrower net loss for the first quarter, supported by a 4%…

Earnings: GoDaddy’s stock tanks after Q1 results miss Street view

Earnings of web-hosting firm GoDaddy (NYSE: GDDY) rose slightly in the first quarter, supported by a 12% increase in revenues amid…

Teva Pharma sinks on Q1 revenue miss amid generic competition; earnings beat

Drugmaker Teva Pharmaceutical (NYSE: TEVA) reported a decline in first-quarter adjusted earnings, owing to a 15% fall in revenues as…

Earnings: Qualcomm Q2 results exceed forecast; stock falls on weak guidance

Qualcomm (QCOM) Wednesday reported a decline in second-quarter earnings and revenues, reflecting the ongoing slump in the semiconductor market. The results,…

Comcast acquires WiFi service provider Deep Blue Communications

Days after reporting strong financial results for the first quarter, cable communications firm Comcast (Nasdaq: CMCSA) Wednesday said it closed…

Earnings preview: New product launches in focus as Teva gets ready for Q1 report

Teva Pharmaceutical (NYSE: TEVA) has long endued uncertainties in business even as the generic drug maker continued its efforts to…

Earnings: Humana Q1 profit climbs on strength of Medicare biz; lifts FY19 guidance

Healthcare service provider Humana, Inc. (NYSE: HUM) Wednesday reported better than expected earnings and revenues for the first quarter, helped…

Earnings: Groupon stock climbs after Q1 results top expectations

Groupon (Nasdaq: GRPN) said its adjusted earnings remained unchanged from last year in the first quarter even as revenues declined. However,…

Amgen Q1 earnings beat Street view; lifts full-year earnings guidance

Biotechnology firm Amgen (Nasdaq: AMGN) reported first-quarter earnings that increased from last year and exceeded estimates, while revenues remained unchanged. Meanwhile,…

Pfizer Q1 profit tops expectations; raises FY19 earnings outlook

Pharma giant Pfizer (NYSE: PFE) Tuesday reported stronger than expected earnings and revenues for the first quarter of 2019. The…

Earnings: Shopify Q1 profit, revenue beat Street view

E-commerce technology firm Shopify (NYSE: SHOP) reported an increase in net profit and revenues for the first quarter, aided mainly…