Business News
Viking Therapeutics Q4 loss widens on higher expenses but beats estimates
Viking Therapeutics (VKTX) Wednesday posted a wider net loss for the fourth quarter of 2018, owing to a sharp increase…
Spotify alleges antitrust behavior by Apple, seeks intervention of EU regulators
The ongoing rivalry between Spotify (SPOT) and Apple (AAPL) took a new turn this week after the Swedish music streaming…
Higher costs drag EVO Payments to Q4 loss; stock gains on revenue growth
EVO Payments Inc. (EVOP), a leading payment technology and services provider, reported a net loss for the fourth quarter of…
HSBC downgrade exposes chinks in Coca-Cola’s business strategy
Still struggling to recover from the impact of the selloff that followed last month’s quarterly report, shares of Coca-Cola (KO)…
Earnings preview: FedEx looks at a weak Q3 as trade headwinds persist
The freight forwarding industry is one among the several sectors which were badly affected by the trade war, and the…
Momo Q4 results beat estimates amid solid user growth; stock surges
Shares of China-based Momo, Inc. (MOMO) rose sharply in pre-market trading Tuesday after fourth-quarter earnings and revenues increased and topped…
Earnings preview: Ulta Beauty’s Q4 results to get an e-commerce push
Ulta Beauty (ULTA) will be reporting the financial results for its fourth quarter on Thursday after the closing bell, which…
Avid Bioservices stock jumps after Q3 loss narrows on higher revenues
Avid Bioservices (CDMO) reported a narrower net loss for the third quarter of 2019, aided by a sharp increase in…
Boeing stock goes into a tailspin amid grounding of planes after deadly crash
Fresh questions are being raised about Boeing’s (BA) safety records after Sunday’s plane crash in Ethiopia, the second deadly accident…
Earnings preview: Mixed sentiment ahead of Oracle’s Q3 earning report
Software solutions provider Oracle Corp. (ORCL) will be reporting its third-quarter results on March 14 after the closing bell. The…
Exxon Mobil stock slips after rating downgrade over investment plan
Exxon Mobil (XOM) lost significant market value Friday after it was hit by the double whammy of a rating downgrade…
Earnings preview: Holiday slump damps Q4 prospects of Dick’s Sporting
Dick’s Sporting Goods (DKS) is set to release its fourth-quarter earnings results on March 12 before the market opens. It…
Vail Resorts stock surges on Q2 revenue growth, dividend hike
Travel and leisure company Vail Resorts (MTN) reported better than expected revenues for the second quarter of 2019, aided mainly…
Costco Wholesale stock gains after Q2 earnings beat estimates
Benefitting from strong store traffic and online sales, warehouse retailer Costco Wholesale Corp. (COST) Thursday reported a 26% growth in…
Burlington Stores Q4 earnings beat; stock falls on revenue miss, guidance
Burlington Stores (BURL) reported a decline in fourth-quarter earnings, mainly owing to higher taxes, despite an increase in revenues. Earnings…
Tilray rides on successful cannabis harvest in Europe
Tilray’s (TLRY) stock made strong gains early Wednesday after the Canadian marijuana giant said its European arm had a very…
Dollar Tree stock gains on Q4 earnings beat, positive guidance
Earnings of discount store operator Dollar Tree, Inc. (DLTR) increased and exceeded estimates in the fourth quarter, supported by an…
NIO Q4 loss narrows amid strong delivery growth; stock falls on weak guidance
Chinese electric car maker NIO, Inc. (NIO) reported a narrower net loss for the fourth quarter when a sharp increase…
Earnings preview: Weak holiday sales might weigh on Big Lots’ Q4 results
Big Lots (BIG) will be reporting its fourth-quarter results Friday before the opening bell. It is widely expected that the…
Papa John’s is in recovery mode after truce with estranged founder
Ending months of uncertainty, Papa John’s (PZZA) is finally coming out of the worst phase in its history, when the controversy…
GM to begin production cut this week with closure of Ohio plant
The restructuring program kicked off by General Motors (GM) recently has reached a crucial phase, with the company doing preparations…