EBay Inc forecast current-quarter revenue below Wall Street estimates on Wednesday, as it faces fierce competition from bigger rivals Amazon.com and Walmart Inc in the run-up to the crucial holiday shopping season.
Microsoft Corp’s Azure cloud services grew more slowly in its first quarter even as profit and revenue beat estimates, the company said on Wednesday, a sign that competition is picking up in its fastest-growing business.
PayPal Holdings Inc reported a better-than-expected quarterly profit on Wednesday as more people used its payment processing platform to make transactions and forecast full-year adjusted profit above Wall Street estimates.
Ford Motor Co on Wednesday posted a lower quarterly profit as it took charges for its global restructuring, and reduced its full-year operating profit forecast due to higher warranty and incentive costs, as well as lower-than-expected sales in China.
The Federal Aviation Administration (FAA) must work to restore “public confidence” in aircraft certification efforts after two deadly Boeing 737 MAX crashes, the U.S. Transportation Department’s inspector general said on Wednesday in a public report.
Tesla has returned to profitability after the company surpassed estimates for the third quarter. Here’s Yahoo Finance’s Jared Blikre, Jen Rogers and Myles Udland. …read more […]
Alphabet Inc’s Google said on Wednesday it had achieved a breakthrough in computing research by using a quantum computer to solve in minutes a complex problem that would take today’s most powerful supercomputer thousands of years to crack.
Tesla Inc posted a surprise quarterly profit on Wednesday, making good on Chief Executive Officer Elon Musk’s promise, and said it was “highly confident” in exceeding its target of delivering more than 360,000 cars this year. Shares of the company shot up 14% to $291.39 in extended trading after Tesla also confirmed that it was producing vehicles on a trial basis at its Gigafactory in Shanghai. “We have cleared initial milestones toward our manufacturing license and are working towards finalizing the license and meeting other governmental requirements before we begin ramping production and delivery of vehicles from Shanghai,” …read more […]
Tech takes the spotlight Thursday when three big names gear up to report quarterly results: Amazon, Twitter and Intel. …read more […]
Oftentimes, it pays to watch the day-to-day trading actions of “Sharp Paper” traders.
That’s what I call big money traders who are willing to commit large amounts of capital playing directional calls or puts.
For instance, here’s a hypothetical…
Say a trade crosses the tape showing someone just bought 500 calls on Home Depot for $700,000 just before its earnings report.
Is this something you’d pay attention to?
Heck yeah it would be!
Does this Sharp Paper buyer have inside information?
Do they know that Home Depot is about to make a big upside move?
Who knows? Anything’s possible…
I’m certainly willing to take a very close look at …read more […]
New York and five other states have reached a $700 million settlement deal with Reckitt Benckiser over allegations that the drug distributor improperly marketed a drug to treat opioid addiction, New York Attorney General Letitia James said on Wednesday. Reckitt in July agreed to pay up to $1.4 billion to resolve U.S. claims that its former pharmaceuticals business Indivior before it was spun out carried out an illegal scheme to boost sales of an opioid addiction treatment, Suboxone. As part of the agreement, New York’s Medicaid program will receive more than $71.9 million in recoveries, with more than …read more […]
Tesla reported third-quarter 2019 results after market close Wednesday. …read more […]
EBay Inc forecast current-quarter revenue below Wall Street estimates on Wednesday, as it faces fierce competition from bigger rivals Amazon.com and Walmart Inc in the run-up to the crucial holiday shopping season. EBay forecast fourth-quarter adjusted profit from continuing operations in the range of 73 cents to 76 cents per share and net revenue of $2.77 billion and $2.82 billion. EBay said active buyers grew 4% to 183 million in the reported quarter. …read more […]
World stock indexes climbed on Wednesday as investors brushed aside some earnings disappointments, while the British pound inched up as European Union leaders delayed a decision on whether to grant Britain a three-month Brexit extension.
U.S. stocks edged higher on Wednesday as investors shrugged off lackluster quarterly reports from industrial bellwethers Boeing Co and Caterpillar Inc , though a lower-than-expected revenue outlook from Texas Instruments Inc sent chipmakers’ shares lower.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
