Month: October 2019

Ben Silbermann, co-founder, chairman and CEO of Pinterest, speaks in front of the company’s logo at the New York Stock Exchange (NYSE), during the company’s IPO on April 18, 2019 in New York City. Johannes Eisele | AFP | Getty Images Pinterest shares plunged 21% in premarket trading Friday after the image-sharing site reported disappointing
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Carl Court | AFP | Getty Images Oil giant Royal Dutch Shell reported a 15% fall in third-quarter net profit on Thursday, citing lower energy prices and chemicals margins. Net income attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, came in
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Apple reported fourth-quarter earnings that beat analyst expectations on Wednesday, thanks to strong performance in services and its fast-growing wearables business. Although Apple’s iPhone’s business was down 9% year-over-year, the company signaled that it expected a big holiday quarter, and Apple stock rose over 1% in after-hours trading Here’s how the company did compared with
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Lyft on Wednesday released its earnings report for the third quarter, where it beat on both the top and bottom lines, as well as raised its revenue guidance for 2019. The stock fluctuated following the report and was up 1.4% in extended trading. Here are the key numbers: Loss per share: $1.57 vs. $1.66, per
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Starbucks on Wednesday reported quarterly revenue that topped analysts’ expectations as cafes in the U.S. and China attracted more customers. Shares of the company jumped more than 2% in extended trading. “Our U.S. business delivered 6% comparable store sales growth in the fourth quarter, while China grew comparable store sales by 5% and total transactions
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Facebook stock rose in after-hours trading after the company posted third-quarter earnings that exceeded analysts expectations. Here’s are the key numbers for the quarter ended Sept. 30: Earnings: $2.12 vs. $1.91 per share forecast by Refinitiv. Revenue: $17.65 billion vs. $17.37 billion forecast by Refinitiv. Daily active users: 1.62 billion vs. 1.61 billion forecast by
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A customer rides his bike in front of a Taco Bell restaurant in Novato, California. Justin Sullivan | Getty Images Taco Bell’s parent company Yum Brands reported quarterly earnings on Wednesday that fell short of analysts’ expectations after its GrubHub investment weighed on profits. Yum’s other two chains, Pizza Hut and Yum, also missed Wall
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General Electric‘s stock surged Wednesday after the industrial conglomerate raised its 2019 cash flow forecast and reported adjusted third-quarter earnings and revenue that topped analysts’ expectations. On a nonadjusted basis, and including certain accounting charges, GE still lost $9.5 billion in the quarter. GE shares jumped 11.5% on heavy trading volume to close at $10.11
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Tim Cook announces iPhone 11. Source: Apple Apple’s earnings on Wednesday will provide some early insight into how the company’s new iPhones are selling as investors watch the forecast for its all-important holiday season. Apple released three iPhone 11 models on Sept. 20. Apple’s fiscal fourth quarter ended on Sept. 30, so Wednesday’s earnings report
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A woman walks past a Westpac bank advertisement in central Sydney, Australia. Daniel Munoz | Reuters Mastercard reported third-quarter earnings on Tuesday that beat analysts’ expectations on the top and bottom lines. Shares of Mastercard were up 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on
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Pfizer posted third-quarter profit well above analysts’ estimates on higher sales of cancer drug Ibrance and new heart medicine Vyndaqel, encouraging the largest U.S. drugmaker to lift its earnings forecast for the year. Shares of the company rose 3.4% on Tuesday as the results suggested that Chief Executive Officer Albert Bourla’s efforts to slim down
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Beyond Meat on Monday reported its first quarterly profit and topped analysts’ expectations for its fiscal third-quarter earnings and revenue. Despite the beat, shares of the company tanked as much as 15% in extended trading, before recouping about half of those losses. The stock, which has soared 321% since its initial public offering, closed Monday
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A pedestrian passes in front of a Walgreens Boots Alliance Inc. store in the Hollywood neighborhood of Los Angeles, California. Christopher Lee | Bloomberg | Getty Images Walgreens Boots Alliance‘s fiscal fourth-quarter profit slid 55% as the company spent more to shutter unprofitable locations and scaled back its tobacco sales. Still, the drop in its
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A pedestrian walks past a Tim Hortons restaurant. Ben Nelms | Bloomberg | Getty Images Tim Hortons’ lackluster quarterly performance disappointed Restaurant Brands’ investors on Monday, despite the success of Burger King’s Impossible Whopper and Popeyes’ chicken sandwich. Shares of the company fell 2.6% in morning trading. Here’s what Restaurant Brands reported compared with what
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Amazon shares took a major hit after its third-quarter earnings fell short of expectations, but one bright spot was its advertising business, which appears to be picking up speed again. Net sales in Amazon’s “other” category, which primarily represents advertising, was $3.59 billion in the third quarter, up from $2.50 billion in the third quarter
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