Month: April 2018

Amazon reported a huge beat across the board for its first-quarter earnings on Thursday, with particular growth coming from its AWS cloud service and advertising business. Amazon stock is up roughly 7 percent in after-hours trading, soaring past its all-time high. Here are the most important numbers: Revenue: $51.04 billion vs. $49.78 billion, as estimated,
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The company’s biggest business segment, More Personal Computing — which includes Windows, devices, gaming and search ads — produced $9.92 billion in revenue, up 13 percent year over year. The segment came in above the FactSet consensus estimate of $9.25 billion, according to StreetAccount. The Productivity and Business Processes segment, which includes Office, LinkedIn and
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Chipmaker stocks are in rally mode Thursday after Qualcomm and Advanced Micro Devices posted earnings beats, but one market watcher says to temper expectations of a long-term sectorwide rally. “I don’t love the space,” Michael Bapis, partner and managing director at the Bapis Group at HighTower Advisors, told CNBC’s “Trading Nation” on Wednesday. “It’s coming
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Apple’s fiscal third-quarter financial results will significantly disappoint Wall Street expectations due to weak iPhone sales, according to a Bernstein analyst. The firm predicts the smartphone maker will forecast revenue in the range of $47 billion to $49 billion for its June quarter versus the analyst average of $51.9 billion when it reports financial results
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Joshua Roberts | Reuters Chairman and Chief Executive Officer of Time Warner Jeffrey Bewkes (L) speaks with Chairman and Chief Executive Officer of AT&T Randall Stephenson before a Senate Judiciary Committee Antitrust Subcommittee hearing on the proposed deal between AT&T and Time Warner in Washington, U.S., December 7, 2016. Time Warner, which is being bought
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Advanced Micro Devices‘ new chips are thriving in the market and will take big share from its competitors, according to Wall Street. The chipmaker reported better-than-expected first-quarter earnings results Wednesday. AMD also gave revenue guidance for its second quarter significantly above Wall Street expectations. Stifel reiterated its buy rating on AMD shares, predicting strong sales
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Facebook opened more than 8 percent higher a day after reporting better-than-expected first quarter earnings. Shares opened at $173.22 Thursday after closing Wednesday below $160. That puts Facebook on pace for it’s best day since January 2016. Facebook beat on both the top and bottom lines, quelling concerns about a diminishing user base and margin
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United Parcel Service reported higher first-quarter net profit on Thursday, driven by strong package volumes in its core U.S. domestic segment, but higher costs from Saturday delivery and nasty winter weather weighed on operating results. The world’s largest package delivery company, viewed as an indicator of economic strength, reported revenue increased 10 percent to $17.1
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Senator Kirsten Gillibrand, D-N.Y., is proposing legislation aimed at putting an end to current payday lending practices by giving some banking services a new home: the U.S. Post Office. The legislation, called the Postal Banking Act, would make retail banking services available at all U.S. Postal Service locations. That amounts to 30,000 post offices nationwide.
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With its eye on accelerating costs cuts, Ford announced first-quarter earnings that topped analyst expectations and offered up some detail on the steps it will take to improve its financial health and realign its portfolio with a dramatic shift in consumer tastes. Like many of its peers, Ford has also faced declining demand for its
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Brian Niccol’s tenure at Chipotle Mexican Grill is off to good start. Shares of the company jumped 10 percent on Wednesday after the company posted better-than-expected earnings, on the back of price hikes, which it began to institute last April. The average check size rose 4.9 percent during the quarter, helped by the higher prices.
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Visa reported second-quarter earnings that beat analysts’ expectations on Wednesday. Here’s how the company did compared with what Wall Street expected: Earnings: $1.11 per share vs. $1.02 per share forecast by Thomson Reuters Revenue: $5.07 billion vs. $4.81 billion forecast by Thomson Reuters That revenue figure represents year-over-year growth of about 13 percent. In the
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The revelation may bring new scrutiny to LendEDU, which started in 2014 and describes itself as a marketplace for private student loans, student loan refinancing, credit cards and other financial products. LendEDU’s reports have also been featured in many publications, including CNBC, The Wall Street Journal and Bloomberg. LendEDU ran advertisements on Student Loan Report’s
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Victor J. Blue | Bloomberg | Getty Images Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19, 2016. Billionaire investor Carl Icahn said Tuesday that
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