The Kraft Heinz Company (KHC) shares retreated on Thursday as the company reported mixed results for its fiscal second quarter, with sales missing expectations and the company’s chief executive saying there’s “significant work” that needs to be done. Sales for the three months ended June 29 slowed to $6.41 billion […]
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Tyson Gains as Earnings Guidance Maintained Despite Third-Quarter Sales Miss
Tyson Foods (TSN) rose Monday morning after the food company maintained its earnings guidance for the year despite fiscal third-quarter sales missing expectations. The Springdale, Ark.-based company said it still expects to post adjusted per-share earnings between $5.75 and $6.10 for fiscal 2019. Capital IQ expects $6.04. Sales for the […]
Pfizer’s Quarterly Results Miss Expectations
Pfizer (PFE) on Monday reported second-quarter revenue that missed expectations as it also agreed to combine its off-patent Upjohn business with Mylan (MYL) in an all-stock reverse Morris trust transaction. New York-based Pfizer said adjusted diluted earnings rose to $0.80 per share for the most recent quarter, up from $0.77 […]
Charter Communications Shares Slide
Charter Communications (CHTR) shares fell in early Friday trading after the cable and communications company reported second-quarter results that came in below expectations. The Stamford, Conn.-based company said it earned $1.39 per diluted share in the quarter, up from $1.15 in the same period last year but below the Capital […]
Lockheed Shares Slide Despite Guidance Lift
Lockheed Martin (LMT) shares were trading lower Tuesday even as the defense and aerospace giant raised its full-year outlook and posted better-than-expected second-quarter results. The Bethesda, Md.-based company said it now expects full-year net sales to come in between $58.25 billion and $59.75 billion, up from April’s view of $56.75 […]
Genuine Parts Slide on Full-Year Earnings Outlook Cut
Genuine Parts (GPC) fell after the auto-parts distributor revised its earnings and sales guidance following second-quarter results that were below expectations. The outlook revision came a month after Atlanta-based company completed its acquisitions of The Netherlands-based PartsPoint Group and Australia-headquartered Inenco Group. Both companies are parts distributors in their regions, […]
New York Business Activity Picks Up Pace in July
Business activity in New York, which has the third-biggest economy among the US states after California and Texas, posted a stronger-than-expected gain in July’s Empire State Manufacturing Survey that pushed the measure into positive territory. Check trustpilot to learn how cryptocurrency trading is taking a toll through automated trading bots. The print from the Federal Reserve Bank of New York rose 13 points to 4.3, […]
Alibaba Unveils Guidance as Fourth-Quarter Revenue, Earnings Beat Expectations
Chinese e-commerce company Alibaba (BABA) unveiled fresh guidance on Wednesday as it posted better-than-expected results for its fiscal fourth quarter, bolstered by rising numbers of consumers from less developed cities in Asia. The Hangzhou-headquartered company, founded in 1999 by a team led by former English teacher Jack Ma, generated RMB […]
Bond Price Rally Resumes as Trade Concerns Reignite; China Data Weak
US Treasury prices rallied behind European bonds as risk-off trading resumed Wednesday after the US-China trade complications returned to center stage. Global bonds pushed higher as a run of weak Chinese economic data hit overnight, but prices backed off the highest levels. Europe was leading with the UK Gilt yield […]
Walmart Plans Free Next-Day Shipping on Most Popular Purchases in Challenge to Amazon
Walmart (WMT) took another step in challenging rival Amazon.com (AMZN) on retail delivery by rolling out plans to offer free next-day shipping on a range of general merchandise purchased online, with an intention to reach three-quarters of the US population this year. The no-membership fee offering will be first available […]
Boeing Faces Limited Risk in US-China Trade Dispute, Canaccord Says as April Orders Plunge
Threats from China to reduce orders for Boeing (BA) jetliners are seen as having a limited near-term risk to the company, Canaccord Genuity said as the planemaker posted a deep fall in April orders and deliveries. Chicago-based Boeing said Tuesday that it delivered almost half the number of planes in […]
Morgan Stanley Facing Wall Street Scrutiny Over Uber IPO, Underwriters Reportedly Used ‘Naked Short’ Tactic
Morgan Stanley (MS), which led the group of banks that marketed Uber’s (UBER) initial public offering (IPO) shares, is facing questions from Wall Street after Uber’s IPO slumped, media reports said Tuesday. Uber shares have risen almost 3% in afternoon trade. Shares of the ride hailing service fell almost 18% […]
Intel Rolls Out Patch to Fix ZombieLoad Exploit
Intel (INTC) has released a patch for the ZombieLoad vulnerability, which affects almost every computer powered by one of the company’s chips as far back as 2011, according to media reports on Tuesday. If exploited, ZombieLoad will allow hackers to steal sensitive information directly from processors. Intel said ZombieLoad is […]