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Disney beats Q4 estimates, topping analysts expectations on revenue

With the summer box office, new additions to the theme parks, preparations to launch a new streaming service, and months after the 21st Century Fox acquisition, the Walt Disney company tops revenue and EPS estimates in their Q4 earnings report. Yahoo Finance’s Heidi Chung reports on The Final Round. …read more […]

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Gap CEO Peck to leave; earnings forecast cut sends shares tumbling

Peck’s departure comes as Gap prepares to spin off its Old Navy brand, a bright spot for the struggling retailer, into a publicly listed company. Robert Fisher, the company’s current non-executive board chairman, will serve as president and chief executive officer on an interim basis, effective immediately. The apparel retailer, which estimated a 4% drop in third-quarter same-store sales, now expects full-year adjusted earnings per share of $1.70 to $1.75, down from its previous forecast of $2.05 to $2.15. …read more […]

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Why Doing Good Is Good for Business

Can you do well by doing good?
Conspicuous consumption was all the rage in the 1980s. Now “conscious capitalism” is having its moment. Whether or not you choose to embrace it as an investor, you can’t deny the trend.
In August, the Business Roundtable broke 40-plus years of tradition, updating its Statement on the Purpose of a Corporation.
The Business Roundtable declared that “shareholder primacy” is no longer the primary purpose of a corporation, as had been the case since 1978.
Instead, executives from America’s largest corporations committed to lead their companies for the benefit of all stakeholders – customers, employees, suppliers and …read more […]

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UPDATE 1-Dropbox tops revenue, profit estimates on higher subscriber additions

Dropbox Inc beat analysts’ estimates for third-quarter revenue and profit on Thursday, as the online file hosting company signed up more individual and business customers to its platform. Dropbox, which competes with Alphabet Inc’s Google, Microsoft Corp as well as Box Inc, has relied on its “freemium” model to attract more customers. It acquired e-signature company HelloSign earlier this year and has partnered with rivals Microsoft and Google’s file storage platforms, aiming to expand its reach and convert free users to paid customers. …read more […]

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Wall Street Dinosaur Delivers a Triple Winner!

A couple of months ago, War Room members cashed in on a triple win with General Electric (NYSE: GE). It came when I recommended members buy General Electric calls after the company reported earnings and its shares were immediately clobbered.
But GE’s shares didn’t fall because of the earnings report… The report was great.
Shares fell because a short seller came out with a report that accused the company of cooking its books. This led to the perfect opportunity to buy…
Why?
Because concurrent with its strong earnings report, GE came out in full force to defend itself immediately, and, as a result, its …read more […]