Month: January 2019

Wall Street’s relative disappointment with PayPal’s fourth-quarter earnings report — with the exception of the almost-profitable Venmo — may have stemmed from the company’s forward guidance, CFO John Rainey told CNBC on Thursday. In an exclusive “Mad Money” interview after PayPal’s report, Rainey emphasized that management was “really pleased” with the fourth-quarter results, highlighting the
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“We are getting more and more creative around getting efficiency up and getting our cost of acquisition down,” Amazon’s chief financial officer, Brian Olsavsky, told analysts on the company’s quarterly earnings call on Thursday. AWS beat Microsoft and Google to the market for cloud infrastructure, which companies use to outsource their computing and data storage
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Amazon‘s fourth-quarter results beat estimates, but weak guidance and general concerns about slowing growth and heavier investments in 2019 dragged the stock down in after hours trading. Here are the most important numbers: EPS: $6.04 vs. $5.68 estimated, according to Refinitiv Revenue: $72.4 billion vs. $71.9 billion estimated, according to Refinitiv AWS: $7.43 billion vs.
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The strikingly dovish tone of the FOMC’s post-meeting statement sent stocks surging higher. But it also generated some conversation around “down-side concerns that the Fed ‘knows more than we do,'” said Catherine L Mann, global chief economist at Citigoup. Mann said, however, that her team’s research indicates that concerns over growth will fade. “Powell argued
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Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018.  The last two times Amazon has reported quarterly results, revenue fell short of expectations. Now, investors are facing the prospects of
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Kristoffer Tripplaar | AP Celgene Corporation in San Diego, California Celgene, which is being bought by Bristol-Myers Squibb, reported a better-than-expected fourth-quarter profit on Thursday, driven mainly by higher sales of psoriasis drug Otezla. Bristol-Myers agreed to buy Celgene for about $74 billion earlier this month, a deal that will expand its pipeline of cancer
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Check out the companies making headlines before the bell: DowDupont – The chemical maker earned an adjusted 88 cents per share for the fourth quarter, a penny a share above estimates. Revenue was short of estimates, however, on lower demand for automotive and appliance-related products. General Electric – GE missed estimates by 5 centss a
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Marlboro-maker Altria on Thursday reported fourth-quarter financial results that matched analyst expectations and gave investors more insight on its new e-cigarette and marijuana investments as its core cigarette business shrinks. Altria in Decemberinvested $1.8 billion for a 45 percent stake in Canadian cannabis company Cronos and $12.8 billion for a 35 percent stake in e-cigarette
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General Electric shares surged Thursday after the conglomerate posted better-than-expected revenue, as strong aviation results in the fourth quarter overshadowed lingering problems in the GE Capital and power businesses. CEO Larry Culp said that industrial revenue would be up “low-to-mid single digits” in 2019. He added the company’s power business sees a “flat to slightly
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Andrey Rudakov | Bloomberg | Getty Images Royal Dutch Shell products in Torzhok, Russia. Oil giant Royal Dutch Shell reported better-than-expected full-year earnings on Thursday, as deep cost cuts introduced after the 2014 energy market downturn filtered through. Full-year profits jumped 36 percent to $21.4 billion in 2018 — with cost savings helping the Anglo-Dutch
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KUALA LUMPUR (Jan 31): Hong Leong IB Research has maintained its “Hold” rating on Westports Holdings Bhd at RM3.70 with a higher target price of RM3.66 (from RM3.49) and said Westport’s FY18 core earnings of RM526.9 million were above house expectations but within consensus. In a note today, the research house said the higher than
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Federal Reserve Chairman Jerome Powell made the right choice in leaving interest rates unchanged and preaching patience — and it shouldn’t be seen as him “caving” to Wall Street, says CNBC’s Jim Cramer. “Don’t listen to the Fed watchers who claim that Powell caved to the stock market or the president,” Cramer said Wednesday after
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Ford Motor Co.: “They better get it better, because oh, boy, has it been nasty. They’re promising me a better 2019. This is what I call a show-me stock.” First Majestic Silver Corp.: “Silver’s trading up with gold. I prefer gold. My recommendation is to buy Barrick, not this one, but silver’s going higher.” PepsiCo,
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The strategic push comes amidst a broad shake-up in the private jet market. New apps have made it easier to book flights on-demand, while a glut of planes and competitors are all vying for a dominant share. VistaJet last year acquired XOJET, the on-demand charter company, while Directional Aviation bought U.K.-based PrivateFly, a digital booking
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