Industry News

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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Accenture Posts Mixed 4Q Results, Issues Weak FY 2019 EPS View

  Management and technology consulting service provider Accenture Plc (NYSE: ACN) reported fiscal 2019 fourth-quarter earnings that beat analysts’ estimates. Revenues, however, missed analysts’ estimates. The company also issued FY 2019 earnings outlook below analysts’ forecasts. Following the announcement of

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Microsoft Boosts Dividend, Unveils $40bln Stock Buyback

  The shares of Microsoft Corporation (Nasdaq: MSFT) rose $2.55 or 1.84% to close at $141.07 after the company authorized the repurchase of another $40 billion shares and raised its quarterly dividend by $0.05 to $0.51 a share. In last

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Apple Up on Launch of New iPhone’s at Attractive Prices

  The shares of Apple Inc. (Nasdaq: AAPL) have been gaining for the past three trading days after the tech company launched three new versions of its iPhones on Tuesday. Furthermore, the company also unveiled a Watch and TV subscription

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