Posts From Janine

Janine

Janine

Janine is our editor for related stock market news. Andrew and Janine will be focusing on providing the latest trends and where the next hit could be

Walgreens Swings to Q3 Loss and Announces 4,000 Job Cuts

  The pharmacy chain, Walgreens Boots Alliance Inc (Nasdaq: WBA), swung to a loss in the fiscal 2020 third-quarter as earnings were hit by a transition in sales to low-margin products, higher logistics costs, and an increase in expenses related

Read More

Tesla’s Market Cap Surpasses Toyota’s as Deliveries Beat Wall Street Forecasts

  The shares of Tesla Inc (Nasdaq: TSLA) skyrocketed yesterday after the electric car manufacturer revealed that it delivered roughly 90,650 cars in the second quarter of 2020, easily surpassing Wall Street forecasts, showing that the automaker was able to

Read More

Microsoft to Write-Off $450m On Shut Down of Physical Stores

  Microsoft Corp (Nasdaq: MSFT), on Friday, issued a statement revealing its plan to shut down all the retail stores it operates and start focusing on an online store, which can be accessed via Microsoft.com. Microsoft owns 116 physical stores

Read More

Supermarket Kroger Revenues Surge on Covid-19 Stockpiling

  The supermarket chain, Kroger Co (NYSE: KR) reported better-than-anticipated fiscal 2020 first-quarter results, aided by COVID-19 related stockpiling by consumers. The company’s same-store sales also exceeded analysts’ estimates.  The multi-department store operator also refrained from providing outlook due to

Read More

Broadcom Posts In-Line Second Quarter Earnings On Solid Software Sales

  The semiconductor and software technology firm Broadcom Inc (Nasdaq: AVGO) reported fiscal 2020 second-quarter results in-line with Wall Street estimates. However, the median value of the revenue range outlook for the third quarter was slightly below the Wall Street

Read More

Trump Signs Executive Order Targeting Twitter

  Twitter, Inc. (NYSE: TWTR) is facing the heat of the White House as US President Donald Trump is on course to sign an executive order focused on social media firms, after Twitter started fact-checking tweets, including the ones from

Read More

Deere Q2 Earnings Decline 41% YoY, Issues Weak FY 2020 View

  Agriculture and construction machinery manufacturer Deere & Co (NYSE: DE) reported a 41% decline in the fiscal 2020 second-quarter net income – compared with last year. However, the company’s earnings and revenue surpassed Wall Street expectations. Deere also issued

Read More

Cisco Beats Third Quarter Earnings Estimates and Issues Upbeat Fourth Quarter View

  Routers, wireless, and security systems manufacturer Cisco Systems Inc (Nasdaq: CSCO) reported its fiscal 2020 third-quarter profit that declined from the comparable period last year. However, both earnings and revenues beat analysts’ estimates. The networking solution provider’s fourth-quarter guidance

Read More

Elon Musk Defies Orders by Restarting Production at the Tesla California Facility

  The CEO of Tesla Inc (Nasdaq: TSLA), Elon Musk, officially announced the restart of production at its Fremont, California plant, even though the local shutdown order to limit the spread of Covid-19 is still in force. The reopening of

Read More

Exxon Mobil Swings to Q1 Loss on $3bn Write-Down

  Energy giant Exxon Mobil Corp (NYSE: XOM) swung to a loss in the fiscal 2020 first-quarter as crude prices hit record lows. However, both revenue and non-GAAP earnings surpassed analyst’s estimates. The company also refrained from slashing its dividend.

Read More