Apple said in a quarterly filing to the Securities and Exchange Commission, or SEC, that its share count was 4,829,926,000 on July 20, less than the 4,842,917,000 it reported on Tuesday for the end of the June quarter. Apple’s stock rose 5.89 percent to a record-high close of $201.50 on Wednesday following the company’s better-than-expected quarterly results. …read more […]
Smartwatch sales in the second quarter accounted for about 55 percent of its total revenue of $299.3 million, which beat estimates of $285.4 million. Fitbit, which is popular for its colorful fitness trackers, is a late entrant to the smartwatch market and has been facing stiff competition from tech players with deeper pockets such as Apple Inc (AAPL.O) and Samsung Electronics . Versa smartwatch outsold Samsung, Garmin and Fossil smartwatches combined in North America in the quarter, Chief Executive Officer James Park said in a statement. …read more […]
The South San Francisco, California-based company said it had net income of 28 cents per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment … …read more […]
Tesla said it would produce its new Model 3 sedan at a profit after several recent weeks in which output stabilized, buoying hopes that the electric vehicle maker led by Elon Musk will stanch its financial losses in the second half of the year. Despite Tesla reporting a record loss in the second quarter, its shares rose over 8 percent in after-hours trading, as investors focused on rising production volumes and a slower rate of cash burn. Tesla said that during July it had “multiple times” hit its earlier goal of building about 5,000 Model 3s per week, …read more […]
ADP fourth-quarter fiscal 2018 earnings and sales improve on a year-over-year basis. …read more […]
Apple Inc updated its latest share count on Wednesday, putting the magic stock price at $207.04 that would make the iPhone maker the first publicly listed U.S. company valued at $1 trillion. Apple said in a quarterly filing to the Securities and Exchange Commission, or SEC, that its share count was 4,829,926,000 on July 20, less than the 4,842,917,000 it reported on Tuesday for the end of the June quarter. Apple’s stock rose 5.89 percent to a record-high close of $201.50 on Wednesday following the company’s better-than-expected quarterly results. …read more […]
Geron (GERN) meets earnings estimates on higher sales in the second quarter. Operating expenses however increase year over year. …read more […]
Find out which of these companies faces major competition. …read more […]
The S&P 500 and Dow slipped on Wednesday as gains in Apple shares were offset by a drop in energy and industrial companies, while the U.S. Federal Reserve remained on course for an expected interest rate hike in September. The central bank left rates unchanged, and reiterated its view that the U.S. economy is growing and the job market is strengthening, and inflation continues to hover near the Fed’s 2 percent target since it last raised rates in June. “The Fed demonstrated that they are willing to let the economy run a little hot as long as they …read more […]
Tesla recently pushed back the delivery timelines for new orders of two of three versions of its Model 3 sedan. Investors and analysts have been interested in any updates on the pace of production of the mass-market cars, and whether Tesla may need to raise additional capital even after CEO Elon Musk said otherwise. Tesla reported a negative free cash flow of $739 million, smaller than analysts had forecast, and less than the $1.05 billion burn in Q1. …read more […]
Chesapeake Energy Corp. CEO Doug Lawler’s frugality with payrolls and drilling budgets apparently extends to the spoken word. Lawler sticks to his bullet points during earnings calls and rarely allows those events to go much beyond the half-hour mark. …read more […]
President Donald Trump is invoking one of the nation’s most notorious criminals in venting about the treatment of former campaign chairman Paul Manafort as he begins trial. Trump, in the midst of an angry tweet storm Wednesday about special counsel Robert Mueller’s Russia investigation, asked the public “who was treated worse,” 1920s gangster Al Capone or Manafort. …read more […]
Garmin Ltd reported better-than-expected quarterly profit and raised its full-year forecast on Wednesday, boosted by higher demand for its activity-tracking wearable devices. Garmin shares were up 1.5 percent at $63.40 in midday trading. Garmin, which started as a GPS device maker, has gained in recent years due to a surge in demand for smartwatches and other wearable devices that track everything from heart rates and calories to a pet’s movement. …read more […]
The oil and gas driller continues to make slow and steady progress on its turnaround plan. …read more […]
The frack sand producer had some disappointing news. …read more […]
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