Flipkart deal will pitch Walmart against Amazon in India
Walmart’s (WMT) global expansion plans just received a major boost with the board of India-based e-commerce major Flipkart agreeing to...
Earnings
Newell starts shedding flab, divests packaging business Waddington
In what could be the beginning of a comprehensive corporate restructuring, consumer products maker Newell Brands (NWL) has decided to...
Ionis Pharmaceuticals reports first quarter 2018 results
Ionis Pharmaceuticals Inc. (IONS) reported total revenues of $144 million for the first quarter of 2018, an increase of 25%...
Fred reports fourth quarter loss of 62 cents
Drugstore retailer Fred Inc. (FRED) that was due to report the fourth quarter earnings on April 18, postponed the release...
Celgene posts upbeat Q1 results on multiple myeloma drug
U.S. biotechnology company Celgene (CELG) reported better-than-expected first quarter results, as its flagship drug for multiple myeloma continued to increase...
Alibaba Q4 results beat estimates on strength of core commerce
Alibaba Group (BABA) reported double-digit growth in its fourth quarter earnings and revenues, aided by strong performance in its core...
Subscription revenue lifts Pandora’s 1Q results
The share price of Pandora Media (P) jumped 7% in after-hours trading after the music platform reported better-than-expected first quarter...
CBS stock in green after Q1 profit beats consensus estimate
CBS Corp. (CBS) reported a 13% increase in first-quarter earnings as higher advertising, higher station affiliation fees, growth from digital...
Call of Duty drives Activision’s Q1 earnings to record high
Video game developer Activision Blizzard (ATVI) said today its first-quarter earnings and revenues hit an all-time high helped by strong...
GoPro beats revenue and earnings estimates; net loss narrowed
The struggling consumer technology company GoPro reported better than expected sales and earnings for the first quarter, with the numbers...
Is the Tesla stock sell-off a call for Musk to tone down?
“These questions are so dry. They’re killing me…” That was Tesla (TSLA) chief Elon Musk’s response when confronted by investors’...
Fujifilm merger at stake as Xerox CEO steps down
Following weeks of cold war with major shareholders Carl Icahn and Darwin Deason triggered by a deal with Japan’s Fujifilm,...
Cigna shares jump on robust results, outlook lift
Health insurer Cigna (CI) reported higher profit and revenue during the first quarter of 2018, thanks to the growth in...
Ferrari reports solid first quarter 2018 results
Italian sports carmaker Ferrari N.V. (RACE) reported net revenues of EUR 831 million for the first quarter of 2018, modestly...
Macy’s buys concept store to spice up shopping experience
The retail space has turned into a warzone, with alliances being formed everywhere to stay powerful and relevant in the...
DowDuPont posts upbeat Q1 results on higher pricing and demand
DowDuPont (DWDP) reported upbeat first-quarter results, as increased product pricing and demand for packaging, paint and other materials outweighed weak...
Blue Apron shares jump as quarterly loss narrows
Meal-kit subscription company Blue Apron Holdings (APRN) witnessed a 20% fall in its net revenues during the latest first-quarter earnings....
US generic drug market throttles Teva Pharmaceuticals as revenue slips
Teva Pharmaceuticals Industries Ltd. (TEVA) reported a decrease of 10% in revenues to $5.1 billion for the first quarter of...
FireEye posts 8% jump in Q1 revenue
Cybersecurity company FireEye (FEYE) reported an 8% jump in first quarter revenue to $199 million, higher than the guidance range...
3D Systems sees quarterly revenue growth as competitors fall behind
3D Systems Corporation (DDD) reported a revenue growth of 6% to $165.9 million during the first quarter of 2018 compared...
MetLife’s profit beats estimates; stock in green
Insurer MetLife (MET) reported a 44% jump in first-quarter earnings driven by favorable underwriting, volume growth, and the effects of...