Pure Storage blames pricing environment for earnings miss

2019-11-21

Pure Storage Inc. joined a group of hardware companies that have put a damper on hopes for a second-half rebound, blaming a tough pricing environment and slowing economy for its fiscal third-quarter earnings shortfall and weaker outlook for the fourth quarter. On Thursday, after the company’s disappointing results, shares ofRead More →

Newspaper publisher McClatchy warns of ‘liquidity challenge’

2019-11-13

Shares of McClatchy Co. sank Wednesday, after the publisher of local newspapers warned that it faced a “liquidity challenge” next year following an unfavorable ruling associated with required contributions to its under-funded pension plan. McClatchy, whose publications include the “Miami Herald,” “The Kansas City Star” and “The Charlotte Observer,” alsoRead More →

Uber shares tumble 5% on $1.16 billion quarterly loss

2019-11-04

Uber Technologies Inc. reported another mega-loss on Monday, but its chief executive said there is a light at the end of the profitability tunnel. The ride-hailing service  reported a third-quarter loss of $1.16 billion, or 68 cents a share, compared to a $986 million loss in the same quarter aRead More →

Chip-equipment companies suggest a recovery is on the way

2019-10-31

Companies that sell equipment to make semiconductors are showing strong gains in earnings and on Wall Street, suggesting that they are seeing the earliest signs of a recovery in the beleaguered sector. KLA Corp. KLAC, -2.27%  reported adjusted fiscal first-quarter earnings of $2.48 a share on revenue of $1.41 billionRead More →