Business News
Earnings preview: Market pins hope on new CEO for JC Penney’s turnaround
Shareholders of JC Penney (JPC) have waited for a long time looking for signs of improvement, but disappointment lingered as…
Earnings preview: NVIDIA to put up a good show in Q3 despite crypto slump
While NVIDIA (NVDA) continues to thrive on the strength of the cryptocurrency and gaming industries, the faltering enthusiasm among crypto…
A bleak future awaits e-cig brands as the hype proves to be flawed
The safety of e-cigarette has been a point of contention ever since it was made popular by people who are…
Strong earnings growth in cards as Cisco gets ready for Q1 report
Cisco Systems (CSCO) will be reporting its first-quarter earnings on November 14 after the closing bell, and the network solutions…
Adient Q4 earnings fall on higher costs, despite revenue growth
Adient plc (ADNT) Friday reported a decline in fourth-quarter adjusted earnings, hurt mainly by higher operating costs. Revenues, meanwhile, increased…
Yelp stock plunges after Q3 revenues miss estimates
Yelp Inc. (YELP) Thursday reported higher earnings and revenues for the third quarter, but the top-line missed estimates. The company’s…
Broad-based revenue growth lifts Disney’s Q4 earnings; stock gains
Entertainment conglomerate Walt Disney Company (DIS) reported strong earnings growth for the fourth quarter when revenues rose sharply with contributions…
Coca-Cola confirms energy drink launch as the Monster spat intensifies
On Thursday, The Coca-Cola Company (KO) confirmed its plans to launch two energy drinks under the brand Coca-Cola, in a…
Cloud hosting made hassle-free, thanks to Cisco’s hybrid solution for AWS
Cisco (CSCO) is developing an innovative solution in association with Amazon Web Services (AWS) to simplify the process of deploying…
Monster Beverage stock falls on strained Coca-Cola deal, despite Q3 beat
Shares of Monster Beverage (MNST) fell sharply after it hinted at a crack in its relationship with rival and partner…
Take-Two Interactive rebounds in Q2 on stable demand; stock gains
Gaming company Take-Two Interactive (TTWO) turned to profit in the September quarter from a loss last year, aided by a…
Roku stock falls despite better-than-expected Q3 results
Shares of Roku Inc. (ROKU) fell sharply Wednesday despite the TV streaming platform reporting a narrower net loss and higher…
Mark Zuckerberg is busy tackling Russian hackers; declines to meet UK lawmakers
While Facebook (FB) chief Mark Zuckerberg has every right to think he has done his bit by plugging the social…
The ‘midterm’ shot sends cannabis stocks to a new high
The midterm election has brought cheer to companies doing marijuana-related businesses in the US, despite the uncertainties surrounding regulation of…
CEO scandal sinks Papa John’s; Q3 results miss street view
Higher expenses and muted sales weighed down on the third-quarter earnings of pizza chain Papa John’s (PZZA), which is struggling…
GE to get rid of consumer lighting business as cash crunch escalates
Engineering giant General Electric (GE) has been on a divestiture spree, in an effort to revitalize its balance sheet. On…
Earnings preview: With a diverse portfolio, Microchip is poised for a strong Q2
Most microprocessor companies have maintained a healthy growth trajectory in recent years despite increasing competition, while retaining their market share…
Symantec Q2 results beat amid strong demand for cybersecurity tools
Bouncing back after its dismal performance in the recent quarters, cybersecurity firm Symantec Corp. (SYMC) posted stronger-than-expected results for the…
Earnings preview: Mixed sentiment ahead of US Foods Holding’s Q3 report
Foodservice distributor US Foods Holding (USFD) is all set to announce results for the most recent quarter, after reporting downbeat…
Robust HDD sales lift Seagate Q1 results; unveils $2.3B share buyback
A further strong growth in hard-disk shipments pushed up Seagate’s (STX) first-quarter revenues and earnings, which also topped analysts’ forecast.…
Alibaba gains after Q2 earnings beat; cuts FY19 outlook on weak economy
Online marketplace Alibaba Group (BABA) Friday reported higher second-quarter earnings that topped estimates. The company slashed its full-year 2019 revenue…