GameStop Stock Tumbles After Forecast Slashed
GameStop Corp saw its stock price plummet the most in the past 11 years after the retailer of video games cut its forecast for earnings due to sales being lower than anticipated for games and a lower...
View ArticleAcer Reports Loss in Fourth Quarter
Acer, the computer maker, reported a net loss of $251 million for its fourth quarter. At the same time, senior executives from the struggling Personal Computer maker have agreed to a cut in their pay...
View ArticleUPS Shares Down After Company Warns of Lower Profit
Shares of UPS were down nearly 2% to $99 per share in midday trading after the company announced that its fourth-quarter profit will likely come in lower than what had been expected. UPS said its U.S....
View ArticleTwitter Shares Get Boost After Analysts Initiate Coverage
Shares of Twitter were helped on Friday after Stifel analysts initiated coverage of the blurb-based business with a “Buy” rating and $75 price target. Analysts Jordan Rohan and Michael Purcell said, ”...
View ArticleSABMiller Lager Sales Miss Estimates
SABMiller the second largest brewer in the world reported growth in beer volume during the third quarter that did not meet estimates of analysts on declining sales in Europe and sales that were weaker...
View ArticleIBM Announces Mixed Results for Fourth Quarter
IBM’s results for the fourth quarter ended mixed as the earnings for the company were better than estimates, but its revenue missed analyst predictions as Big Blue’s hardware sales disappointed. IBM...
View ArticleProfits Falls at Proctor & Gamble, Tops Projections
Second quarter income for Proctor & Gamble fell by 16% as the largest consumer products manufacturer in the world faced a tough comparison of results from a year ago, flat global sales and a...
View ArticleUS Airways and American Airlines Combine for $1.95 Billion in Earnings
American Airlines Group, the combination of US Airways Group and American Airlines, said on Tuesday the company had combined earnings in 2013 of $1.95 billion. The report was muddied up because of the...
View ArticleGoogle’s Profits Jump 17%, Earnings Miss
Larry Page the CEO at Google announced on Thursday that the Internet search giant ended 2013 with an increase of 17% in profits. The company said earnings had been $12.01 per share on revenue that was...
View ArticleChevron Profit Drops During 2013 Fourth Quarter
Chevron Corp’s profit dropped by 32% during the fourth quarter due to gas and oil production being lower and prices for refined fuels dropping relative to crude cost. The second largest oil company in...
View ArticleWalmart and Mattel Hit by Shopping Habit Changes
The shifting habits in shopping and the financial crisis have led to uneven fortunes of late for retailers. Mattel and Walmart considered traditional consumer businesses have continued struggling as...
View ArticleBP Reports Weaker Profits for the Quarter
BP the no. 4 sized oil company in the West reported that refining weakness and ongoing cost for the Gulf spill hit their profits. The refining business encountered a loss, while the company said it...
View ArticleProfits at Nissan Beat Estimates
Nissan reported profits that were better than anticipated, helped by a weaker yen and by a sales recovery in China. The second largest Japanese carmaker said its profits increased by 57% to $825...
View ArticleLenovo Smartphone Sales Up 47%
Lenovo’s fiscal third quarter had record revenues and profits, with over 2 million smartphones sold in just China. Lenovo announced February 13 the results of its third quarter, which included revenues...
View ArticleShares at InterContinental Hotels Fall
InterContinental Hotels Group stock shares dropped nearly 4% on Monday after the company opted not to speak out about its plans to return additional cash to its shareholders in its results from the...
View ArticleNivea Maker Reports Profits Exceeding Estimates
The Nivea skin maker, Beiersdorf AG saw an improvement in margin amidst a push in emerging markets. The company reported profits for the full year that beat estimates and forecast additional gains in...
View ArticleConsumer Prices in China Up 2% for February
China has posted in February a lower inflation rate providing consumers with good news, but suggesting the world’s second largest economy was losing some steam prompting analysts to call for support...
View ArticleNike Shares Fall on Outlook
Nike, Inc reported results for the third quarter with gross margins that increased sales growth in each sector and growth in futures orders. However, shares at Nike still fell afterhours on Thursday...
View ArticleCandy Crush Going to Wall Street
Investors have become hungry over initial public offerings and something sweet is in the pipeline for them. The makers of the hugely popular Candy Crush Saga, King Digital Entertainment, is one of more...
View ArticleLululemon Misses Estimates for Revenue and Profits
Lululemon Athletic Inc, the yogawear retailer forecast results lower than expected on Thursday for the first quarter, just the latest hit the Canada-based company has had in the past year after a...
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