• JD.com Unveils Guidance as Second-Quarter Sales, Earnings Smash Expectations

    JD.com Unveils Guidance as Second-Quarter Sales, Earnings Smash Expectations

    Chinese e-commerce major JD.com (JD) unveiled fresh guidance on Tuesday as it posted better-than-expected results for its fiscal second-quarter which were supported by double-digit growth in net product and net service revenues. The Beijing-based company, which has more than 179,000 full-time employees, reported revenue of 150.3 billion renminbi ($21.27 billion) […]

  • Close-up photograph of stock market chart

    Wendy’s Second-Quarter Earnings Top Street Forecast

    Fast-food chain Wendy’s (WEN) reiterated its full-year projections on Wednesday as it reported mixed second-quarter results, with earnings coming in just ahead of predictions while revenue and same-restaurant sales were shy of Wall Street’s expectations. Adjusted earnings rose to $0.18 a share compared with $0.14 a share in the same […]

  • General Motors Second-Quarter Results Slide Year-on-Year But Best Analysts’ Expectations

    General Motors Second-Quarter Results Slide Year-on-Year But Best Analysts’ Expectations

    General Motors (GM) reported second-quarter results that declined year-on-year as the Chevrolet and GMC parent sold fewer vehicles, but the slide wasn’t as steep as Wall Street expected. Adjusted earnings decreased to $1.64 a share from $1.81 a share previously, while the consensus on Capital IQ was for $1.45 a […]

  • Dow Shares Lower on Mixed Second-Quarter Results

    Dow Shares Lower on Mixed Second-Quarter Results

    Dow (DOW) shares were trading lower after the materials-sciences giant reported mixed second-quarter results and cut its planned capital expenditure for the year by $500 million. The Midland, Mich.-based company on Thursday reported per-share operating income of $0.86 for the quarter ended June 30, down from $1.41 in the prior-year […]

  • Tech Stocks Adding to Market-Leading Advance

    Tech Stocks Adding to Market-Leading Advance

    Technology stocks extended their market-leading advance Monday afternoon, with the shares of tech stocks in the S&P 500 adding almost 1.2% in value while the Philadelphia Semiconductor Index was rising nearly 2.0%. Among technology stocks moving on news: (+) Facebook (FB) climbed 2% on Monday following reports the Federal Trade […]

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JD.com Unveils Guidance as Second-Quarter Sales, Earnings Smash Expectations

JD.com Unveils Guidance as Second-Quarter Sales, Earnings Smash Expectations

Chinese e-commerce major JD.com (JD) unveiled fresh guidance on Tuesday as it posted better-than-expected results for its fiscal second-quarter which were supported by double-digit growth in net product and net service revenues. The Beijing-based company, which has more than 179,000 full-time employees, reported revenue of 150.3 billion renminbi ($21.27 billion) […]

by × August 13, 2019 × 0 comments

Stock Watch

Close-up photograph of stock market chart

Wendy’s Second-Quarter Earnings Top Street Forecast

Fast-food chain Wendy’s (WEN) reiterated its full-year projections on Wednesday as it reported mixed second-quarter results, with earnings coming in just ahead of predictions while revenue and same-restaurant sales were shy of Wall Street’s expectations. Adjusted earnings rose to $0.18 a share compared with $0.14 a share in the same […]

by × August 7, 2019 × 0 comments

Stock Watch

General Motors Second-Quarter Results Slide Year-on-Year But Best Analysts’ Expectations

General Motors Second-Quarter Results Slide Year-on-Year But Best Analysts’ Expectations

General Motors (GM) reported second-quarter results that declined year-on-year as the Chevrolet and GMC parent sold fewer vehicles, but the slide wasn’t as steep as Wall Street expected. Adjusted earnings decreased to $1.64 a share from $1.81 a share previously, while the consensus on Capital IQ was for $1.45 a […]

by × August 1, 2019 × 0 comments

Stock Watch

Dow Shares Lower on Mixed Second-Quarter Results

Dow Shares Lower on Mixed Second-Quarter Results

Dow (DOW) shares were trading lower after the materials-sciences giant reported mixed second-quarter results and cut its planned capital expenditure for the year by $500 million. The Midland, Mich.-based company on Thursday reported per-share operating income of $0.86 for the quarter ended June 30, down from $1.41 in the prior-year […]

by × July 25, 2019 × 0 comments

Market News

Tech Stocks Adding to Market-Leading Advance

Tech Stocks Adding to Market-Leading Advance

Technology stocks extended their market-leading advance Monday afternoon, with the shares of tech stocks in the S&P 500 adding almost 1.2% in value while the Philadelphia Semiconductor Index was rising nearly 2.0%. Among technology stocks moving on news: (+) Facebook (FB) climbed 2% on Monday following reports the Federal Trade […]

by × July 22, 2019 × 0 comments

Market News

Interactive Brokers Second Quarter Results Miss Guidance

Interactive Brokers Second Quarter Results Miss Guidance

Interactive Brokers Group (IBKR), an automated electronic broker, said late on Tuesday that second-quarter results missed the market’s forecasts as a decline in commissions revenue partially offset growth in net interest income. Total net sales fell to $413 million during the three months that ended June 30, from $445 million […]

by × July 17, 2019 × 0 comments

Finance

Volkswagen to Ramp Up Software Development

Volkswagen to Ramp Up Software Development

German automaker Volkswagen (VOW.DE) outlined plans to increase in-house software development over the next six years as it seeks to achieve “tremendous cost advantages” through the creation of a standard vehicle operating system. The Wolfsburg-headquartered company, said that it plans to develop significantly more software in the car and for […]

by × June 18, 2019 × 0 comments

Stock Watch

Ashtead Plans Share Buyback

Ashtead Plans Share Buyback

Ashtead Group (AHT.L) said that it expects to spend a minimum of 500 million pounds ($628.7 million) on share buy-backs in fiscal 2020 after the British industrial equipment rental firm reported a surge in full year revenue and pre-tax profit. Reported revenue rose to 4.50 billion pounds during the 12 […]

by × June 18, 2019 × 0 comments