Industry News

Kroger Q3 EPS Miss Estimates, Reaffirms FY 2019, 20 EPS View

  The shares of Kroger Co (KR: NYSE) fell 3.04% or $0.84 to close at $26.80 after the largest US supermarket chain by revenue reported Q3 earnings below the Street estimates. The company also missed the revenue estimate of analysts.

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Raymond James Upgrades Under Armour to “Strong Buy”

  The shares of footwear and sports apparel manufacturer Under Armour, Inc. (NYSE: UA) has turned bullish after Matthew McClintock, an analyst at the equity research firm Raymond James upwardly revised the stock to a “strong buy” rating, saying the

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Charles Schwab In Talks To Buy TD Ameritrade for $26bln.

  The Charles Schwab Corporation (NYSE: SCHW) is negotiating the acquisition of the cryptocurrency-friendly TD Ameritrade Holding Corporation (Nasdaq: AMTD) in a deal valued at $26 billion. Shares of TD Ameritrade jumped over 16.92% or $7 to end Thursday’s trading

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Walmart Beats Q3 Earnings, Lifts FY2020 Earnings View

  Retail chain Walmart Inc. (NYSE: WMT) posted fiscal 2019 third-quarter profits that more than doubled from Q3 2018, led by an increase in revenues and a strong performance of Walmart US and International. Notably, non-GAAP earnings per share exceeded

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Teva Posts Q3 Earnings Miss, Lifts FY 2019 Outlook

  Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) reported fiscal 2019 third-quarter earnings that missed analysts’ estimates by a cent. The quarterly revenues, however, surpassed the Wall Street estimates. Furthermore, the company boosted its earnings and revenue outlook for FY 2019.

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Apple Beats Q4 EPS Estimates Despite Drop in iPhone Sales

  iPhone manufacturer Apple Inc. (Nasdaq: AAPL) reported fiscal 2019 fourth-quarter profit and revenues that surpassed analysts’ estimates. The company also issued a robust revenue forecast for the forthcoming quarter, which includes holiday season, implying a robust demand for its

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3M Slashes FY19 Profit View Despite Q3 Earnings Beat

  The post-it manufacturer 3M Company (NYSE: MMM) reported fiscal 2019 third-quarter earnings that beat analysts’ estimates. The company, however, missed 3Q19 revenue estimate of analysts. The abrasives manufacturer also lowered its FY 2019 profit outlook in the middle of

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Morgan Stanley Beats Q3 Forecast on Bond Trading Revenues

  The US investment banking firms have so far defied the Wall Street expectations for weak third-quarter performance. Specifically, Morgan Stanley (NYSE: MS), on Thursday, reported its best Q3 results in the past decade, led by a robust bond trading

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Goldman Sachs Downgrades Cisco on Weak Corporate Spending

  The shares of Cisco Systems Inc. (Nasdaq: CSCO) declined with 1.47% or $0.69  to close at $46.15 on Thursday after Goldman Sachs analyst Rod Hall downgraded the stock to “neutral” from “buy” rating, on the assumption that nervous enterprises

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PepsiCo Beats On Q3 Earnings, reaffirms FY19 EPS View

  The soft drink giant PepsiCo Inc. (Nasdaq: PEP) reported better-than-anticipated fiscal 2019 third-quarter results on Thursday. However, the Q3 earnings declined 16% on a y-o-y basis, mainly due to higher income tax provisions. The snack and beverage giant also

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