Industry News

Apple Ponders Postponement of 5G iPhone Roll Out by Months

  Apple Inc (Nasdaq: AAPL) is taking necessary steps to postpone the rollout of its first 5G enabled iPhones as the COVID-19 disease continues to spread like wildfire across the globe and unsettles the tech giant’s product designing timeline. The

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Lufthansa Grounds 95% Aircraft To Avoid Cash Crunch

  German airline Deutsche Lufthansa AG (OTC: DLAKF, DLAKY) posted a decline in profit and margin in fiscal 2019 on Thursday. This, despite an improvement in the top line. Moving forward, the largest German airliner stated that it is not

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Dollar General Beats Q4 Estimates, Issues Strong FY 2020 View

  Dollar General Corporation (NYSE: DG) reported fiscal 2019 fourth-quarter results that surpassed analysts’ estimates. The variety store chain posted Q4 earnings that improved from last year. The company also issued impressive FY 2020 sales and EPS growth outlook, in

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Citi Initiates Coverage of JnJ with ‘Buy’ Rating

  FMCG company Johnson & Johnson (JNJ: NYSE) drew the market’s attention yesterday after Citi analyst Joanne Wuensch began covering the stock with a ‘Buy’ rating. The rating may come as a surprise to some investors as the company’s key

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Microsoft Issues Q3 Earnings Warning on Virus Concerns

  Microsoft (Nasdaq: MSFT) announced on Thursday that it might miss the quarterly revenue outlook issued earlier for the personal computing segment, which includes Windows, tablets and Surface laptops. The company clarified that the likelihood of missing the earlier guidance

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Morgan Stanley Buys Discount Broker E-Trade For $13bln.

  Wall Street investment bank Morgan Stanley (NYSE: MS) is taking over E*TRADE Financial Corporation (Nasdaq: ETFC) in an all-stock deal worth $13 billion. The broking sector is going through a period of consolidation and huge changes in business models

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Pepsi Beats Q4 Estimates, Issues Mixed FY 2020 View

  PepsiCo Inc. (PEP: Nasdaq) reported fiscal 2019 fourth-quarter profits that decreased from last year when the company received considerable tax benefits. Nevertheless, revenue and core earnings surpassed analysts’ estimates. The company also issued weaker-than-analysts’ forecasts for 2020. Following the

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Twitter Posts Q4 Revenue of $1.01bln, mDAU Hits 152mln

  Social media platform provider Twitter, Inc. (Nasdaq: TWTR) reported fiscal 2019 fourth-quarter earnings that missed analyst projections but surpassed revenue and active user forecasts. Aided by strong US advertising, the company also posted over $1 billion in quarterly revenue

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Coke Posts Q4 Beat on a Rise in Demand for Namesake Brand

  Coca-Cola Co. (NYSE: KO) posted a 16% increase in fiscal 2019 fourth-quarter earnings, led by robust sales growth of concentrate and price/product mix growth. Organic revenues also increased by 7% on a y-o-y basis. The company also issued FY

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P&G Beats Q2 Estimates, Upwardly Revises FY20 View

  Procter & Gamble Co (NYSE: PG) posted fiscal 2020 second-quarter profits that rose from the previous year and surpassed analysts’ estimates. The company also upwardly revised its fiscal 2020 outlook. However, quarterly revenues fell below the Street estimates for

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