Business News
Apple Q4 results beat estimates; stock falls on weak iPhone sales, guidance
Announcing the first quarterly results after achieving the $1-trillion valuation milestone, Apple (AAPL) reported record earnings for the fourth quarter…
Starbucks keen on getting its brew right during holidays
After enticing customers with its Halloween-themed frappuccino, Starbucks (SBUX) is all set to make the holiday season special for coffee…
Higher costs drag Marathon Petroleum Q3 earnings; stock dips
Marathon Petroleum Corp. (MPC) reported a decline in third-quarter earnings hurt by higher operating costs, despite strong revenue growth. Following…
AIG Q3 results miss estimates on catastrophe costs; net loss narrows
American International Group (AIG) Wednesday reported a net loss for the September quarter, contrary to expectations for positive earnings, hurt…
Pepsi turns to nutrition as soda-based drinks lose their fizz
With more American dumping carbonated beverages and shifting to healthier alternatives, the cola giants are busy tweaking their product portfolios,…
Wireless growth fuels Sprint’s recovery in Q2; stock gains
Sprint Corp. (S) turned to profit in the second quarter as revenues increased amidst stable subscription growth, defying analysts' expectations…
Skincare sales boost Estee Lauder’s Q1 results; stock jumps 7%
Shares of Estee Lauder Companies (EL) rose sharply in the pre-market Wednesday after the cosmetics manufacturer reported double-digit growth in…
eBay stock rallies after Q3 earnings beat; revenues meet street view
Riding on robust merchandise volume, eBay’s (EBAY) earnings increased and beat market estimates in the third quarter. Investors responded positively…
Mastercard thrives on consumer spending; reports record Q3 results
Revenues of Mastercard (MA) rose sharply and hit a record high in the third quarter as cardholders spent more on…
Under Armour Q3 results top estimates on overseas sales; stock soars
Shares of Under Armour (UAA) rallied in the premarket Tuesday after third-quarter results topped Wall Street estimates as overseas sales…
Boeing stock sinks after crash involving 737 MAX 8
Investor sentiment took a beating Monday after a 737 MAX 8 aircraft carrying 188 passengers, operated by Indonesian low-cost airline…
Earnings preview: Flattening sales may keep General Motors in slow lane in Q3
The market’s verdict on General Motors’ (GM) third-quarter performance will depend largely on how effectively the management tackled the impact…
IBM’s cloud push gets a boost from $34-billion Red Hat buyout
Hurt by the ongoing slump in the PC market and overdependence on the low-margin core business, IBM (IBM) is expanding…
Earnings preview: Q3 an acid test as eBay seeks to shun mediocrity
For long, eBay (EBAY) has remained a laggard in the highly competitive e-commerce space, struggling to keep pace with its…
Earnings preview: Pros to outweigh cons when Mastercard posts Q3 results
The payments industry has remained largely unaffected by the tariff-induced trade disruptions and political uncertainties, thanks to the booming economy…
Phillips 66 stock rallies after Q3 results beat street view
Diversified energy firm Phillips 66 (PSX) reported record earnings for the third quarter, supported by strong revenue growth in its…
Snap Q3 loss narrows on higher revenue; stock falls on user slump
A further dip in user count weighed down on Snap’s (SNAP) stock after the company reported a narrower net for…
Affordability takes a beating as home prices, mortgage rate zoom
A key area of the economy that remained subdued this year is the housing sector, even while overall growth gathered…
Shopify stock rallies after Q3 earnings beat
E-commerce solutions platform Shopify (SHOP) reported better than expected earnings and revenues for the third quarter aided by robust subscription…
Microsoft Q1 results hit a record on cloud power, beat view
Tech conglomerate Microsoft (MSFT) Wednesday said its earnings and revenues jumped to a record high in the first quarter, aided…