Month: January 2020

Exxon earned $5.69 billion in the fourth quarter, down from $6 billion in the same period as weakness in the company’s chemicals and downstream divisions, as well as consistently lower oil prices pressured profits. The company’s quarter was boosted by one-time events, including a $3.7 billion gain from Exxon’s Norway divestment. Excluding these items, profit
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Shares of Amazon climbed as much as 12.2% in extended trading on Thursday after smashing earnings expectations for the fourth quarter. The company’s market cap surged above $1 trillion after hours on the back of the powerhouse earnings report. In doing so, it joins Apple, Alphabet and Microsoft, which have all crossed the trillion-dollar threshold.  Here are
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Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks at the National Press Club in Washington, D.C., on Thursday, Sept. 19, 2019. Andrew Harrer | Bloomberg | Getty Images Amazon’s relentless effort to get orders to your doorstep more quickly is likely to drag down profit numbers when the company reports fourth-quarter results on
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A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019. Temilade Adelaja | Reuters Coca-Cola on Thursday reported quarterly revenue that topped analysts’ expectations as new products under its namesake brand boosted sales. Shares of the company, which has a market value of $247 billion,
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Tesla CEO Elon Musk speaks during the Tesla China-made Model 3 Delivery Ceremony in Shanghai. STR | AFP | Getty Images Tesla shares have skyrocketed by about 120% since the electric car maker last delivered an earnings report in October, and investors eagerly anticipate the company’s fourth quarter results, which it is scheduled to report
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Microsoft stock moved 4% higher in extended trading on Wednesday after the company announced stronger-than-expected fiscal second-quarter results and revenue guidance for the next quarter.  Here’s how the company did: Earnings: $1.51 per share, excluding certain items, vs. $1.32 per share as expected by analysts, according to Refinitiv. Revenue: $36.91 billion, vs. $35.68 billion as
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Tesla has reported fourth-quarter results, and it’s a beat on earnings. The stock spiked as much as 13% on the news after hours. Here’s how the company did versus expectations: Earnings: $2.14 adjusted vs. $1.72 per share expected. Revenue: $7.38 billion versus $7.02 billion, expected according to Refinitiv. Tesla said it expects positive cash flow
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Facebook beat on top and bottom lines, but the stock fell as much as 7% on Wednesday after the company reported rising costs and expenses and a narrowing operating margin. Earnings (EPS): $2.56 vs. $2.53 per share forecast by Refinitiv. Revenue: $21.08 billion vs. $20.89 billion forecast by Refinitiv. Daily active users (DAUs): 1.66 billion vs.
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General Electric delivered fourth-quarter earnings on Wednesday that topped analyst expectations and gave a better-than-anticipated cash-flow forecast that signaled the troubled conglomerate could be turning around. Shares of GE rose as much as 7.6% in premarket trading from its previous close of $11.73. If that move higher holds through the open, it would bring GE’s
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EBay forecast first-quarter revenue below analysts’ estimates on Tuesday, as the e-commerce company faces fierce competition from Amazon.com and Walmart. Shares of San Jose, California-based eBay were down about 5% after the bell. “The relative growth rates of eBay’s business versus Walmart’s e-commerce efforts suggest eBay is losing market share to Walmart in the category,”
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The image of Phuket as a cut-price destination for backpackers and budget-conscious retirees is long out of date. Phuket has now become a favorite vacation destination for the world’s wealthiest individuals, many of them arriving on super-yachts. Yachts are becoming a common sight in Phuket. Asiandelight It started when the Amanpuri resort opened and spearheaded
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Lisa T. Su, CEO of Advance Micro Devices. Adam Jeffery | CNBC AMD shares fell as much as 4% after the company reported fiscal fourth-quarter earnings that slightly beat analysts’ estimates on Tuesday, but offered a light revenue forecast for the current quarter. Here’s how the company did: Earnings: Excluding certain items, 32 cents per
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Starbucks on Tuesday reported quarterly earnings that beat analysts’ expectations, but investors focused on its warning that the Wuhan coronavirus outbreak could deal a blow to its fiscal 2020 outlook. Shares of the company fell less than 1% in extended trading. The coffee chain said it has closed more than half of its Chinese locations
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Apple CEO Tim Cook arrives for Apples “The Morning Show” global premiere at Lincoln Center- David Geffen Hall on October 28, 2019 in New York. Angela Weiss | AFP | Getty Images Apple reported revenue and profit significantly higher than what Wall Street analysts expected and the stock spiked over 3% in after-hours trading on
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U.S. industrial giant 3M forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it continues to face sluggish demand in China, sending its shares down 2.8% in early trading. 3M, which makes everything from adhesive tapes to air filters, also said it would cut 1,500 jobs globally as it continues
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American Express reported fourth-quarter results that beat analyst expectations, sending the stock higher as card fee revenues grew more than expected. The shares rose 2% in premarket trading Friday. Here’s how the payments company’s results compared to what Wall Street analysts expected: Earnings: $2.03 per share vs $2.01 per share forecast by Refinitiv Revenue: $11.365
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The Hudson River Valley has long attracted city dwellers trying to escape New York. The beautiful region — an 150-mile stretch from the northern tip of Manhattan to Albany — features abundant forests, fertile farmlands and dramatic views of the pristine Hudson River. Hudson Valley is popular in the autumn, but the winter — shown
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Intel CEO Robert “Bob” Swan announces the company’s Tiger Lake chips at the technology fair CES. Christoph Dernbach | picture alliance | Getty Images Intel shares jumped as much as 7% in extended trading on Thursday after the chipmaker reported better-than-expected fourth-quarter earnings, extending a rally that’s pushed the stock to its highest since the
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An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines fourth-quarter earnings and revenue came in slightly above analyst estimates, despite complications from the grounding of the Boeing 737 Max. The Fort Worth,Texas-based carrier on Thursday posted net income of $414 million for the last three months of 2019, up
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