Yelp Inc. made some moves to stave off a battle with one of its top investors Wednesday, but it did not do much to alleviate concerns about its future and continued its pattern of asking investors to believe it will hit its shifting goals. The online-reviews site reported fourth-quarter earningsRead More →
Cisco Systems Inc. shares rose in the extended session Wednesday after the network giant’s quarterly results and outlook topped Wall Street estimates and the company’s chief executive said demand for its technology has been resilient during uncertain economic times. CEO Chuck Robbins said on the call that Cisco’s product portfolioRead More →
Aurora Cannabis Inc. nearly quadrupled its revenue and claimed a strong market share in an earnings report Monday that detailed the first quarter of legal recreational-pot sales in Canada, but also showed off large losses and a shrinking margin. Aurora ACB, -5.53% ACB, -4.52% disclosed losses of C$237.8 million onRead More →
Facebook’s stock is likely to rally even further in coming weeks. That’s just the opposite of what I wrote late last July, when Facebook’s FB, +0.57% stock had just plunged from an all-time high of $217 to $176. The shares eventually fell another $52, bottoming on Christmas Eve at $124.Read More →
Recreational marijuana was legalized in Canada last October. The smoke signals are about to arrive on Wall Street. Two of the largest publicly traded Canadian cannabis producers, Aurora Cannabis Inc. ACB, -2.32% ACB, -3.40% and Canopy Growth Corp. CGC, -3.11% WEED, -3.40% , will release earnings reports in the comingRead More →
Electronic Arts Inc. stock plunged toward its worst decline since the dot-com bubble in after-hours trading Tuesday, after the videogame maker missed holiday-season sales estimates and lowered its forecast. If EA EA, +4.63% stock’s roughly 18% decline in the extended session Tuesday carries into regular trading Wednesday, it would contendRead More →
Amazon.com Inc. has touted its big deal for Whole Foods Market Inc. as a way to use physical retail to grow its business, but after its first full year owning the grocery chain, it’s not growing at typical Amazonian levels. On Thursday, the e-commerce giant reported record-breaking results for theRead More →
Getty Images The best-performing basket of stocks this year are S&P 500 companies that derive most of their revenue from Western Europe. An escalating trade war, decelerating growth in Europe and China and an increasing dovish Fed were all factors that were supposed to make the United States a relativeRead More →
Facebook Inc. reported record profits — about $1 billion more than any previous quarter — as the company beat Wall Street expectations for fourth-quarter earnings and revenue late Wednesday. Facebook stock FB, +4.32% rose more than 12% in after-hours trading as the company conducted a conference call. The Menlo Park,Read More →
Shares of Tesla Inc. fell more than 2% in the extended session Wednesday after the Silicon Valley car maker reported a lower-than-expected fourth-quarter adjusted profit, but sales came in above forecasts and the company said it expects its Model 3 production to reach a “sustained rate” of 7,000 vehicles aRead More →
Advanced Micro Devices Inc. — and Chief Executive Lisa Su — demonstrated on Tuesday how far they have come in winning credibility on Wall Street, for a company that deservedly lacked that trust for many years. AMD AMD, -4.61% reported fourth-quarter revenue and a first-quarter outlook that was slightly belowRead More →
Advanced Micro Devices Inc. shares rallied in the extended session Tuesday after the chip maker’s full-year outlook held out some promise, while its revenue and first-quarter outlook missed Wall Street estimates and earnings were in-line. AMD shares AMD, -4.61% rallied 9% after hours and held steady during a callRead More →
IBM Corp., like Oracle Corp., is giving investors confusing information about its cloud-computing revenue, trying to show its business in the biggest, best possible light. The most baffling part of IBM’s IBM, +8.46% approach is tying its cloud business — an attempt to find revenue in new technologies — toRead More →
Online marketplace eBay Inc. has a lot going on, and shareholders are betting that the company could benefit from more focus. Shares of eBay climbed Tuesday morning after Elliott Management announced a 4% stake in the company and suggested a five-step plan for unlocking shareholder value, which included spinning outRead More →
Netflix Inc. added more new subscribers than expected in the holiday season, but shares still declined after the company released its earnings report Thursday afternoon. Netflix NFLX, +0.51% shares fell about 3% in immediate after-hours trading following the report’s release. Netflix produced more profit than expected in addition to theRead More →
European indexes were in the red on Thursday, as French bank Société Générale SA announced it expected its fourth-quarter capital markets revenues to fall by around 20%. In the U.K., Prime Minister Theresa May has survived a no-confidence vote, freeing her to start cross-party discussions on finding a way forwardRead More →
In the illegal drug business, there is a lot of money and safety in wholesaling — being a middleman instead of producing drugs or selling them on the street. As marijuana finds legitimacy, it may end up producing the same kind of system, judging by a California company that hasRead More →
Getty Images Target’s investments paid off with a strong holiday season, analysts say Target Corp. is poised to “be one of the top performers for holiday 2018,” Charlie O’Shea, Moody’s lead retail analyst, said after the retailer reported same-store sales growth of 5.7% for the November and December period. TargetRead More →
As the U.S. government shutdown was about to become the longest on the record and many employees missed their paychecks Friday, U.S. Postal Service workers were roaming around a Las Vegas convention center hocking a smart mailbox. The post office has been exhibiting at CES, the largest annual tech conference,Read More →
