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It seems the recent layoffs at Tesla had more to do with its solar power business than the auto segment.Musk is going to shut around 14 solar facilities and snap the unit's ties with Home Depot. More workers are going to be affected....
Is everyone happy with the recent tax reforms announced by the Federal Government? - ya it was a kind of mix bag. Now, the Supreme Court has pitched in to boost states' tax revenue by squeezing e-commerce firms. And, the market reaction was quick –
Amazon stock plunged, while Walmart gained.
Betting on the ever-growing demand for additional memory space in smartphones, with new models hitting the market almost every day, chip-makers are preparing to make the best out of the semiconductor boom..
It is amazing how people still keep hooked to Facebook after so many incidents of security breach and data misuse. In the latest in the series of such incidents this week,private messages of 14 million users were exposed.
Alibaba's fintech division is going to give the likes of PayPal a run for their money. Ant Financial secured a whopping $14 billion funding ahead of next year's IPO.
Netflix customer base expands more than expected, at record pace, on the strength on new content. Here's a glimpse of 4Q performance.
Schlumberger takes $3 billion in charges for restructuring Venezuela operations; posts wider net loss in fourth quarter. Adjusted earnings beat estimates.
Is health insurers prepared for repeal of the Individual Mandate clause? Here's a round-up of the sector's past performance.
Here's some interesting figures from Hewlett Packard Enterprise Q4 earnings results.
For Walmart, their shift in strategy is paying off, giving Amazon a run for its money. eCommerce business up a whopping 50%!. The days of ‘e-tailing’ are here.
Macy's ($M) third quarter #sales and #earnings missed estimates, despite the bottomline making a decent YoY gain. The numbers show what is in store for the company during the holiday season.
$PCLN stock falls 10% after market today, despite its earnings numbers beating expectations. Take a look at the factors behind the strong bottom-line -
Alibaba Earnings Infographics
$BABA Q2 2018 Earnings
1. Earnings Highlights
2. Segment Revenue Results
3. Key Operational Metrics
This is part of the Alibaba Qtrly Earnings Coverage. The FULL INFOGRAPH can be found here.
As you can see, Alibaba is out with another consecutive strong earnings quarter. I think Amazon can start worrying now.
You can find the tweet thread here.
$APA Apache Corp continues recovery in third quarter and reports $0.16 per share profit, while adverse weather dragged production.
BMY Q3 ANALYSIS
In the third quarter, even as revenue jumped 7%, net earnings came crashing down by about 30%. Even their safely adjusted EPS fell 3%.
It's been an up-and-down kind of year for Bristol-Myers Squibb. Early this year, we investors were concerned after BMY opted not to pursue accelerated approval for a combination of Opdivo and Yervoy in first-line non-small cell lung cancer. Those worries largely evaporated, though, and BMS stock eventually went on to generate nice year-to-date gains.
Now, however, worries are resurfacing. After they announced their third-quarter results last week Thursday, there was an immediate drop in its share price. Here are the highlights of those results:
Note: This is part of Q3 BMY Earnings Coverage. View Full Infographic Here.
There are too many uncertainties for its pipeline candidates and competition from others in the market.
Despite a few bumps in the road over the last year or so for Opdivo, it's still a huge blockbuster and has a bright future ahead of it. The drug might even rank as the second-highest-selling cancer drug in the world by 2022 with annual revenue of $9.9 billion. The momentum for Eliquis also continues to be impressive.
The chief concern with Bristol-Myers Squibb, however, is that its pipeline is skewed toward early- and mid-stage assets. But with Opdivo and Eliquis performing well, that's not something to lose sleep over. I won't say that BMS is the best pharma stock on the market. It isn't. However, the company has solid prospects over the long run. An earnings miss in the third quarter doesn't change those prospects at all.
Note: This is part of Q3 BMY Earnings Coverage. View Full Infographic Here.
As you can see, all is green and improving for the worldwide product sales.
So, now I ask you: Should you be worried for BMY?
Chevron stays unaffected by hurricanes, posts 50% earnings growth in third quarter - Impressive growth in downstream operations.
$GLW's optical fiber sales reached the one billionth kilometer in 3Q; the stock is headed for a record high in nearly two decades.
Prince Morris fared quite well in the third quarter, though the earnings missed street expectations. And, for that reason the stock is heading south.
The best thing about Netflix this time is that the price hike and the Disney showdown did not affect earnings. Adding 5.3 million members in three months is phenomenal.
This stock is steadying at record levels, and has become the favorite among investors ahead of third quarter data. Looks like Netflix is set to beat estimates once again.
Pixel 2 prices start at $649 – A year after launching the Pixel smartphone Pixel smartphone, Google comes out with revised versions of the phone – Pixel 2 with a 5-inch screen and Pixel 2 XL with a 6-inch screen..
It was a rather unimpressive show by Accenture in the latest quarter, despite recording strong revenues. The bleak sentiment among investors about the earnings results was evident from the initial dip in stock price.
The latest announcement from Google, hinting at release of the new Pixel smartphone, has added vigor to the smartphone market that is already upbeat over the upcoming iPhone launch.
Taking yet another step towards achieving its long-term goal of quitting cigarette business, Philip Morris is initiating steps to shift to smoke-free products.
If Google has its way, it would soon become a lot easier to have your clothes washed and bread toasted just by giving voice commands.
Accenture has joined hands with Apple to create an 'iOS practice' within its Digital Studios– a futuristic initiative that would likely help clients generate more revenues and cut costs.
Travel ban seems to have had no impact on the travel industry, with a popular index showing about 7% annual growth in international travel to the US. Here is how two major players in the sector, which successfully survived a potential ‘Trump Slump’, performed in the latest quarter.
Walmart (WMT) has intensified its efforts to keep pace with arch rival Amazon in the e-commerce market. In a futuristic move, the company forged a tie-up with Google to offer voice-activated shopping facility.
You are right to some extend. Walmart's profit was nearly $3 billion this quarter. The cause for concern is that it is 23% lower than last year's profit, and the lowest since July 2016. Such is the case with the other players in the retail sector, with the main reason being shrinking market share due to the entry of online retailers like Amazon. I believe I succeeded in giving some clarity. Thanks.
Things don't seem to be well for retailers. Today, Walmart reported a fall in second quarter earnings, despite higher sales. With the exception of Home Depot, all the other major players in the sector saw their profit falling this year.