Business News
Bleak comp sales adulterate Yum! Brands’ Q2 earnings beat as stock drops
Multi-brand fast-food chain Yum! Brands (YUM) reported better-than-expected earnings for the second quarter as the continuing global expansion boosted sales.…
Blue Apron reports Q2 loss on lower revenues; stock plunges
Continuing the protracted losing streak, meal-kit company Blue Apron Holdings (APRN) Thursday reported a net loss for the second quarter,…
Battered by stock plunge, FB looks to WhatsApp for revenue
Popular messenger WhatsApp has decided to charge marketing and promotional messages disseminated by enterprises. The move comes after Facebook recently…
Strong deliveries lift Tesla’s Q2 revenue to record high; loss widens
Electric car maker Tesla (TSLA) Wednesday reported record revenues for the second quarter and reiterated its promise to become profitable…
Sprint stock gains after Q1 results beat estimates
Telecommunications giant Sprint Corp. (S), which recently entered into a merger agreement with rival T-Mobile (TMUS), Wednesday said its first-quarter…
Earnings preview: It’s safe to bet on Activision’s digital dominance
As gaming giant Activision Blizzard (ATVI) prepares for the second-quarter earnings release, after reporting a record-high profit in the previous…
Shopify swings to a surprise profit in Q2 on strong revenues
E-commerce technology company Shopify (SHOP) made a modest recovery in the second quarter after staying in the negative territory for…
CBS stock in free fall as board orders probe against Les Moonves
The board of directors of CBS Corp. (CBS) Monday decided to have the sexual misconduct allegations against CEO Les Moonves…
Cognex Q2 earnings flat; stock gains
Cognex Corporation (CGNX), a machine vision technology company, reported flat earnings for the second quarter. The company’s stock gained after…
Seagate stock gains after Q4 results crush estimates
Storage device maker Seagate Technology (STX) continues to ride the wave of rapid adoption of cloud computing across industries, and…
Economy gathers steam; Q2 GDP growth is quickest since 2014
The US economy expanded at the fastest pace in about four years, in line with expectations, as households and enterprises…
Rockwell Collins earnings rise in Q3, but miss estimates
Rockwell Collins (COL), a leading supplier of communications and avionics equipment, said its earnings increased in the third quarter aided…
Electronic Arts Q1 profit dips; stock falls on weak guidance
Earnings of video game publisher Electronic Arts (EA) declined in the first quarter of 2019 when a sharp fall in…
Mastercard stock falls despite Q2 earnings beat
A marked increase in revenues lifted Mastercard’s (MA) earnings, which surpassed analysts’ forecast in the second quarter. However, shares of…
AMD defies crypto blues; stock jumps as Q2 results beat street view
Semiconductor firm Advanced Micro Devices (AMD) reported upbeat earnings for the second quarter when revenues surged as the strong demand…
Facebook enters China; turns to local talent for ‘innovation’
Facebook (FB) is the latest among the American companies trying to gain a foothold on Chinese soil, after the recent…
Earnings preview: Long-term prospects make Mastercard a sure bet
Mastercard (MA) has been quite successful in closing the gap with rival and industry leader Visa (V) in recent years,…
Verizon Q2 profit rises on subscriber growth, tops view
Telecommunications giant Verizon (VZ) reported its second-quarter results Tuesday, the last quarterly results under CEO Lowell McAdam who will be…
Earnings preview: AMD well poised to tackle challenges
Advanced Micro Devices Inc. (AMD) had a strong turnaround in the first quarter, and the stock gained more than 70%…
Facebook ‘unfriends’ data sharing partner over privacy concerns
The ghost of Cambridge Analytica scandal seems to be still haunting Facebook (FB), which is currently holding an investigation into…
Nike is moving closer to its World Cup goal
Sports apparel makers usually get as busy as the organizers themselves during the FIFA World Cup season, simply because it…