Month: February 2019

Shares of Nutanix plunged 25 percent in extended trading after the provider of cloud infrastructure technology gave a weaker-than-expected forecast in its fiscal second quarter earnings report. For the latest quarter, the company beat analyst expectations on the top and bottom lines. Here are the key numbers: Earnings: Loss of 23 cents per share vs.
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J.C. Penney on Thursday reported earnings and sales for the holiday quarter that topped analysts’ lowered expectations, as the company said it was successful in reducing a glut of unsold inventory in 2018. But revenue was down sharply, and the company declined to provide a forecast for 2019 as it works to improve its financial
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Whitney Curtis | Bloomberg | Getty Images Bottles of Anheuser-Busch’s Bud Light, Budweiser and Budweiser Select and InBev NV’s Bass, Stella Artois, and Hoegarden are arranged for a photograph at the Van Goghz Martini Bar & Bistro in St. Louis, Missouri. Anheuser-Busch InBev, the world’s largest brewer, forecast strong revenue and profit growth in 2019,
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HP Inc. reported quarterly revenue that fell short of Wall Street estimates on Wednesday, due to weaker-than-expected sales in both its personal computer and printing businesses, sending shares down 12 percent after hours. HP is the hardware business of the former Hewlett-Packard Co., which split in 2015. Sales in the personal systems business, which accounts
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Michael Nagle | Bloomberg | Getty Images James Park, chief executive officer of Fitbit Inc. Fitbit shares plunged in extended trading after the maker of wearable fitness devices provided a weaker-than-expected forecast. The shares sank another 12 percent after hours to $6.08. Fitbit said sales in the first quarter will increase as much as 8
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If you were planning on taking a tax break for those unreimbursed expenses at work or the fees you pay your tax preparer, prepare to be disappointed. That’s because the Tax Cuts and Jobs Act, the new tax legislation that went into effect last year, curbed itemized deductions. The new tax law eliminated personal exemptions
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BRYAN R. SMITH | AFP | Getty Images Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on January 10, 2019 in New York. Check out the companies making headlines midday Tuesday: Home Depot – Shares of Home Depot fell 2.5 percent after the
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Macy’s said Tuesday it will cut about 100 management jobs as looks trim costs and improve profitability amid declining sales. The department store chain was able to top lowered expectations for its fourth quarter. But same-store sales came up short of expectations, as tourism spending weakened toward the end of 2018. Macy’s was forced to
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Linh Pham | Getty Images A worker at the t-shirt store of Truong Thanh Duc dry the newly printed t-shirts with the portraits of U.S. President Donald Trump and North Korean leader Kim Jong Un on February 21, 2019 in Hanoi, Vietnam. U.S. President Donald Trump and North Korean leader Kim Jong Un are meeting
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However, Stratford pointed out that nearly half the respondents from the technology and resources and industrial sectors said they would investment in China if they thought protection of intellectual property were stronger. In the ongoing trade dispute, the U.S. has accused China of stealing intellectual property and forcing American companies to share technology when they
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Deutsche Bank: “You need a recovery in Europe. I was over in Europe last week, I’ve gotta tell you you’re not going to see that as long as China is not doing that well either. I’m going to have to take a pass on Deutsche Bank. I don’t want you to buy it here.” Sarepta
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Coming off of a tumultuous week, Kraft Heinz could be due for another dividend cut, CNBC’s Jim Cramer warned viewers Monday, calling it “pure baloney.” Investors once loved its cost-cutting strategies on top of Warren Buffett’s 27 percent stake in the company, but the “Mad Money” host said Wall Street’s “reverence” turned to “revulsion” after
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Check out the companies making headlines after the bell: Etsy shares surged as much as 12 percent after hours Monday based on strong fourth-quarter earnings. Beating on the top and bottom lines, the e-commerce company posted earnings per share of 32 cents on revenues of $200 million. Wall Street forecast earnings per share of 21
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Etsy jumped 10 percent in extended trading Monday after reporting fourth-quarter earnings that beat expectations. The company reported fourth quarter earnings of $0.32 per share on revenues of $200 million. Analysts had expected EPS of $0.21 on revenues of $194.9 million. “By making Etsy a great destination for holiday shopping, we delivered strong fourth-quarter results
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There’s little question that technology is shaping the future of our work, our play and even how we form opinions. But who is shaping that technology? It’s been quite an economic run. The stock market has been climbing for a decade, and in that time, tech companies like Apple, Alphabet, Amazon and Facebook have gone
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Warren Buffett remains bullish on index fund investing. After all, his own company can’t beat them. The billionaire investor told CNBC on Monday that Berkshire Hathaway’s chief stock pickers, Ted Weschler and Todd Combs, have failed to beat the S&P 500. “Overall, they are a tiny bit behind the S&P, each, by almost the same
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