The company is projecting it will add 9.4 million net subscribers during the fourth quarter. “We’re getting a little better on the forecasting,” CEO Reed Hastings said after the earnings report. “I think by focusing going forward on paid [net adds] we’ll be able to be a little more accurate and focus on the fundamentals.”
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“IBM still has a revenue growth problem,” Stifel analysts wrote in a Tuesday note. While the company saw some expansion in recent quarters from the introduction of a new mainframe computer, the fresh cycle will turn into a headwind in the short term, the analysts wrote. Analysts at Nomura Instinet expect IBM to return to
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Investors drove shares of Domino’s down by more than 6 percent in premarket trading Tuesday, disappointed in slower-than-expected sales growth during the third quarter. Revenue rose 22.1 percent during the third quarter over the previous year to $786 million, the company said in releasing its earnings before the markets opened Tuesday. It fell short of
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UnitedHealth, the largest U.S. health insurer, on Tuesday reported better-than-expected third-quarter earnings and revenue, driven by higher membership growth for its health insurance plans. UnitedHealth earnings rose 28 percent to $3.41 per share. Total revenue rose 12.4 percent to $56.56 billion. Analysts on average had expected earnings of $3.29 per share on revenue of $56.34
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Walmart on Tuesday cut its earnings outlook, as it previously warned it would do this, citing the impact of its acquisition of Indian e-commerce company Flipkart. The company also said e-commerce growth will be less robust next fiscal year, as it’s still fighting to win more shoppers online. Ahead of its annual investors meeting, Walmart
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If you like MacBooks, you should take a look at the Surface Laptop 2. It’s thin and light, just like you expect from a MacBook, but even beats Apple at some new features. For one, it has a touchscreen display. It’s convenient to be able to reach out and tap an icon or switch an
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While inflation has been rising, wage growth of sub-3 percent is still far from pre-great financial crisis levels north of 4 percent. In a note published last week, Goldman Sachs Chief U.S. Economist Jan Hatzius remarked that despite the unemployment rate standing the lowest level in 48 years (at 3.7 percent), core personal consumption expenditure
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Luke Sharrett | Bloomberg | Getty Images Workers assemble semi trailers on the factory floor at the Wabash National Corp. manufacturing facility in Lafayette, Indiana. Finally, Cramer looked into why a top truck manufacturer at the “sweet spot of e-commerce” issued a wildly negative earnings preannouncement on Friday. Between a lack of new workers, rising
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David Paul Morris | Bloomberg | Getty Images People enter the Adobe Systems Inc. office in San Francisco, California. Adobe stock rose nearly 6 percent during after-hours trading after it announced its growth strategy on Monday at its analyst meeting. It estimates that its 2019 revenue to grow 20 percent year over year and its
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Marijuana stocks rallied Monday after one of the largest Canadian cannabis companies announced that it has agreed to acquire a hemp-research company based in the United States. Canopy Growth told investors that its purchase of ebbu — a private Evergreen, Colorado-based hemp research company — will “compliment and accelerate” its ambitions to expand into new
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A 73-year-old bottle of French Burgundy became the most expensive bottle of wine ever sold at auction, fetching $558,000. The bottle of 1945 Romanee-Conti sold at Sotheby’s for more than 17 times its original estimate of $32,000. Another bottle of the same wine and vintage went for $496,000 moments later at Saturday’s auction. The bottles
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