Investing

Check out the companies making headlines before the bell: General Electric – GE beat estimates with adjusted quarterly profit of 16 cents per share, 5 cents a share above estimates, with revenue also beating forecasts. CEO John Flannery said GE is seeing signs of progress in its performance, with aviation, health care, and transportation all
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TSMC is the world’s largest semiconductor foundry company, manufacturing chips for leading technology firms including Apple and Nvidia. Morgan Stanley said Apple’s iPhone was a big reason for TSMC’s poor guidance. “Smartphone semi weakness [is] the main reason for the revenue shortfall,” analyst Charlie Chan wrote in a note to clients Thursday. “Beside the order
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IBM slumped more than 7.5 percent Wednesday, making for the stock’s worst day since April 2013, as analysts and investors balked at lower-than-expected adjusted margins. The tech company announced better-than-expected earnings and revenue Tuesday. But IBM reported margins that, exempting one-time boosts from workforce restructuring and changes to the U.S. tax code, were mostly flat
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Zuckerberg’s testimony “raised investor concerns about the potential for government regulation of the use of consumer data,” he wrote. “The Zuckerberg hearing revealed to many government officials the scale of personal data that FB users had agreed to allow the firm to gather, raising regulatory risks. “ In addition to the regulatory challenges, Facebook and
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Check out the companies making headlines before the bell: Bank of America – The bank reported quarterly profit of 62 cents per share, 3 cents a share above estimates, with revenue also above forecasts. The bank’s results were helped by improved loan growth and deposits, among other factors. WPP Group – WPP founder and Chief
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One Wall Street analyst expects the report will impact the airline’s financial results this year. “We found little in the way of incrementally negative data points concerning Allegiant’s operational challenges over the past few years on last night’s 60 Minutes,” Stifel analyst Joseph DeNardi wrote in a note to clients Monday. “The bottom line is
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J.P. Morgan Chase‘s “remarkable” earnings beat shows the U.S. economy is “on fire,” CNBC’s Jim Cramer said Friday. “It was a fantastic quarter” for J.P. Morgan, Cramer said on “Squawk on the Street.” “We never thought these numbers could happen.” J.P. Morgan on Friday reported first-quarter earnings of $2.37 per share, 9 cents above the
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Check out the companies making headlines before the bell: J.P. Morgan Chase – The bank reported quarterly profit of $2.37 per share, beating the consensus estimate of $2.28. Revenue also beat forecasts, and CEO Jamie Dimon said J.P. Morgan’s business were doing well “across the board”. Qualcomm – Former chairman Paul Jacobs is talking to
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Craft coffee competition and questionable customer loyalty are likely to hamper Starbucks sales over the next two years, according to one Wall Street analyst. “We find competitive growth critical to monitor, as we believe this is largely responsible for Starbucks’ deteriorating beverage same-store sales,” wrote Cowen analyst Andrew Charles, who downgraded the coffee company to
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Both benchmarks were on track to post their biggest weekly gain in more than eight months on Friday, shortly after President Donald Trump‘s comments about potential missile strikes and reports of dwindling global oil stocks. Brent crude was trading at $72.26 during lunchtime deals on Friday, up around 0.3 percent, while WTI traded at $67.35,
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