DISH Network Corp. (NASDAQ: DISH) said on Friday that its profit and revenue in the fiscal third quarter came in significantly better than expected. In an announcement earlier this week, the U.S. company said it had partnered with Intel for 5G buildout. DISH opened about 7% up in…
The Hershey Company (NYSE: HSY) reported its financial results on Friday that blew past Wall Street estimates for profit and revenue in the fiscal third quarter. The company also gave upbeat guidance for the full year on Friday. CEO Michele Buck commented on the earnings report on Friday and…
Marriott International Inc. (NASDAQ: MAR) published its earnings report for the fiscal third quarter on Friday. The American multinational swung to an unexpected profit in the recent quarter, and its revenue contracted less than the analysts’ estimates. Marriott still refrained from giving its guidance for the full year citing…
Allianz SE (ETR: ALV) said on Friday that its operating in the fiscal third quarter came in slightly lower than lasts year. In an announcement last week, Allianz revealed to have entered a strategic partnership with Jubilee Holdings. Shares of the company jumped 1.5% in premarket trading on…
CVS Health Corp. (NYSE: CVS) published its financial results on Friday that topped analysts’ estimates for earnings and revenue in the fiscal third quarter. The company attributed its hawkish performance to robust demand for COVID-19 testing. CVS Health also raised its guidance for the full year on Friday. Shares…
General Motors Co. (NYSE: GM) published its earnings report for the fiscal third quarter on Thursday that topped analysts’ estimates for profit and sales. The company said that sales recovered faster than expected in Q3 in both its major markets, the U.S. and China, after months of halt due…
The Dow Jones Industrial Average jumped 423 points or 1.5% on market open as investors expected on Thursday that the new president of the United States will be announced soon. On the intraday chart, Nasdaq Composite was also about 1.8% up on Thursday, and the benchmark S&P…
Alibaba Group Holding Ltd. (NYSE: BABA) said on Thursday that its profit in the fiscal second quarter came in better than expected as consumer spending improved in recent months after months of disruptions due to the Coronavirus pandemic. At £227 per share, Alibaba is currently more than 35% up year…
U.S. stock futures built further on yesterday’s rally on Thursday in anticipation of a political deadlock in Washington that might minimise major policy changes that could affect corporate America. With thousands of votes still to be counted, a prospect of a contested presidential election remains on the table. As Democrat…
Sainsbury’s plc (LON: SBRY) swung to a pre-tax loss in the first six months of fiscal 2021 due to higher costs attributed to the Coronavirus pandemic. Shares of the company were reported about 0.5% up in premarket trading on Thursday. But Sainsbury’s tanked close to 5% on market…
In a report on Thursday, AstraZeneca plc (LON: AZN) said that its net profit posted an over 100% annualised growth in the fiscal third quarter. Core earnings and revenue, however, were slightly lower than what analysts had anticipated. AstraZeneca confirmed its guidance for the full fiscal 2020 on Thursday.
Qualcomm Inc. (NASDAQ: QCOM) published its financial results for the fiscal fourth quarter on Wednesday that blew past Wall Street estimates. The company attributed its hawkish performance primarily to 5G product launches. Qualcomm was reported about 15% up in after-hours trading on Wednesday. On a year to date basis,…
Renewable energy and pot stocks took a significant hit on Wednesday as President Donald Trump secured a lead in Texas, Ohio, and Florida. These stocks are expected to gain if Biden is elected as the new president of the United States. The SPDR S&P Oil & Gas Exploration and Production…
S&P 500 and Nasdaq futures rallied on Wednesday in anticipation of tight competition for the U.S. Presidency. Trading turned volatile as President Donald Trump was reported in the lead in a few key states. So far, both contestants, Biden and Trump, have made statements claiming that they were…
BMW (ETR: BMW) said on Wednesday that its profit in the fiscal third quarter came in 10% higher as sales jumped in China after months of halt due to the Coronavirus pandemic. The company, however, warned that the second of COVID-19 infections in the U.S. and Europe is likely…
In a report on Wednesday, Marks & Spencer Group plc (LON: MKS) said that it concluded the fiscal first half of the current year with a pre-tax loss. It was the first time in almost a century that the retailer turned into a loss-making business. Shares of the company…
Wayfair Inc. (NYSE: W) said on Tuesday that its earnings in the fiscal third quarter came in better than expected. In the prior quarter (Q2), Wayfair had revealed a massive 84% year over year growth in its revenue, as per the report published in the first week of…
Bayer AG (ETR: BAYN) said on Tuesday that it concluded the fiscal third quarter with a net loss. The company also reiterated its guidance for 2020. In an announcement last week, Bayer AG also said that it will acquire Asklepios Biopharmaceutical Inc. for £3.07 billion. Shares of the…
Humana Inc. (NYSE: HUM) published its financial results for the fiscal third quarter on Tuesday that came in better than what analysts had anticipated. The company also raised its annual guidance for Medicare Advantage membership growth. Shares of the company jumped 5% on market open on Tuesday. Including the…
In a report on Tuesday, Associated British Foods plc (LON: ABF) said that its full-year earnings came in 40% lower than last year as its clothing business, Primark, remained under pressure in recent months due to the Coronavirus pandemic. Shares of the company tanked more than 1% on market…
PayPal Holdings Inc. (NASDAQ: PYPL) said on Monday that its revenue in the fiscal third quarter was better than expected. The company attributed its hawkish quarterly performance to the Coronavirus pandemic that fuelled e-commerce in recent months. Shares of the company were reported about 6% down in extending trading…
The Clorox Company (NYSE: CLX) reported its financial results on Monday that blew past Wall Street estimates for the fiscal first quarter. The company attributed its hawkish performance to the Coronavirus pandemic that fuelled demand for home cleaning and personal hygiene products. The COVID-19 crisis has so far infected…
The Estee Lauder Companies Inc. (NYSE: EL) published its financial results for the fiscal first quarter on Monday that topped analysts’ estimates for profit and sales. The company said that demand for makeup took a hit in recent months due to the ongoing Coronavirus pandemic. But skincare sales helped…
In an announcement on Monday, Siemens Healthineers (ETR: SHL) said its comparable sales in the fiscal fourth quarter came in 2% lower on a year over year basis. At £564.88 million, operating profit posted an annualised decline of 20% in Q4 as the ongoing COVID-19 crisis weighed on demand…
Ocado Group plc (LON: OCDO) raised its earnings guidance for the full year on Monday. The company said that trading remained robust at its joint venture with the British multinational retailer, Marks & Spencer. Ocado Group also expressed plans on Monday of acquiring an advanced piece-picking robotics company, Kindred…
