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Ford posts beat on quarterly estimates

Ford reported Q3 estimates that topped the Street’s expectations. The auto-manufacturer posted $0.65 EPS and $34.7B in revenue, outperforming consensus estimates of $0.19 EPS and $33.98B in revenue. Yahoo Finance’s Jared Bilkre breaks down the details. …read more […]

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Ebay beats Q3 estimates, raises full-year guidance

Ebay released its third quarter earnings report after hours on Wednesday, beating investor expectations on both revenue and earnings per share. The company raised its full year guidance on top and bottom lines, but both new levels fell short of investor estimates. Yahoo Finance’s Emily McCormick breaks down the company’s earnings report on The Final Round. …read more […]

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Ford Posts Strong Third-Quarter Earnings, Sees 2020 Profit

(Bloomberg) — Ford Motor Co., riding a wave of momentum from new models and new management, exceeded expectations with third-quarter earnings that outran the economic effects of the coronavirus pandemic.Fueled by strong sales of pricey pickups, Ford posted adjusted earnings per share of 65 cents, well above the 19 cents analyst consensus forecast, with adjusted earnings before interest and taxes of $3.6 billion compared with $1.8 billion a year ago.Shares of the company rose as much as 7.8% in postmarket trading after closing Wednesday at $7.70. The stock is down about 17% this year.Chief Financial Officer John Lawler said in …read more […]

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New Residential Investment Corp. Dividend Safety: Can This 7.1% Yield Be Trusted?

Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at New Residential Investment Corp’s dividend safety.
New Residential Investment Corp. (NYSE: NRZ) used to be a favorite with dividend investors. As of December, it paid a whopping 12.4% yield and its short track record of paying dividends was solid. It had raised the dividend five times since 2013.
Then, the pandemic occurred. Shares of the mortgage real estate investment trust (REIT) fell from a high of $17.66 to a low of $2.91. Today, it trades around $8, less than half of where it was in February.
Perhaps even more upsetting to income …read more […]

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Etsy beats Q3 estimates as online shoppers boost sales

Etsy beat investor expectations on both top and bottom lines in its third quarter earnings report, released after hours on Wednesday. Although the company posted higher Q3 profit thanks to a boost in online shopping, expects a possible deceleration, particularly on its revenue. Yahoo Finance’s Emily McCormick breaks down the company’s earnings report on The Final Round. …read more […]

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Pinterest sees revenue boom in Q3, driven by recovery in advertising demand

Pinterest released its third quarter earnings report after hours on Wednesday, beating on its top line and bottom lines. The company saw its monthly active users rise 37% and its revenue grow 58% year over year driven with a recovery in advertiser demand. Yahoo Finance’s Myles Udland breaks down the company’s earnings report on The Final Round. …read more […]

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US STOCKS-S&P 500, Dow sink 3% to late-Sept lows on virus, election worry

The S&P 500 and the Dow slumped on Wednesday to their lowest levels since late September, as coronavirus cases climbed globally and investors also worried about the possiblity of a contested U.S. presidential election next week. A spiraling pandemic and the failure to approve new fiscal stimulus before the Nov. 3 election put the blue-chip Dow on track to close at its lowest since early August. …read more […]