Month: February 2019

Shares of Nutanix plunged 25 percent in extended trading after the provider of cloud infrastructure technology gave a weaker-than-expected forecast in its fiscal second quarter earnings report. For the latest quarter, the company beat analyst expectations on the top and bottom lines. Here are the key numbers: Earnings: Loss of 23 cents per share vs.
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Johannes Eisele | AFP | Getty Images Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) Check out the companies making headlines midday Thursday: HP Inc. — HP stock tumbled more than 16 percent after the computer and printer maker saw revenue miss estimates
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Treasury Secretary Steven Mnuchin on Thursday sought to quell concerns about lower tax refunds this tax season, offering new data showing a recent surge in refunds. “People have been very focused on tax refunds,” Mnuchin told CNBC’s Hadley Gamble. “Tax refunds are up 17 percent week over week. That basically gets us to the same
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J.C. Penney is set to report earnings for the holiday quarter before the bell on Thursday. Here’s what analysts are expecting, based on Refinitiv data: Earnings per share, adjusted: 10 cents Revenue: $3.79 billion Same-store sales: a drop of 4.3 percent Penney since last fall has had a new CEO, Jill Soltau, who’s already started
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Whitney Curtis | Bloomberg | Getty Images Bottles of Anheuser-Busch’s Bud Light, Budweiser and Budweiser Select and InBev NV’s Bass, Stella Artois, and Hoegarden are arranged for a photograph at the Van Goghz Martini Bar & Bistro in St. Louis, Missouri. Anheuser-Busch InBev, the world’s largest brewer, forecast strong revenue and profit growth in 2019,
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HP Inc. reported quarterly revenue that fell short of Wall Street estimates on Wednesday, due to weaker-than-expected sales in both its personal computer and printing businesses, sending shares down 12 percent after hours. HP is the hardware business of the former Hewlett-Packard Co., which split in 2015. Sales in the personal systems business, which accounts
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KUALA LUMPUR (Feb 28): The Sessions Court here today transferred the case of UMNO president Datuk Seri Dr Ahmad Zahid Hamidi, who is facing 47 charges involving millions of ringgit belonging to Yayasan Akalbudi, to the High Court. Judge Rozina Ayob transferred the case after the prosecution, conducted by deputy public prosecutor from the Malaysian
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In Cramer’s lightning round, the “Mad Money” host flew through his ideas on viewers’ favorite companies: Aurinia Pharmaceuticals Inc.: “No, not a takeover candidate. No, not without the approval because … [if] it doesn’t get the approval it’s supposed to have then I tell you this one goes much lower. You wanna do it on
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Bloomberg | Getty Images A customer carries a shopping bag while exiting a Victoria’s Secret Stores LLC store, a subsidiary of L Brands Inc., in New York, U.S., on Wednesday, Nov. 14, 2018. Victoria’s Secret has been under scrutiny for failing to keep up with shifting consumer demands, especially involving themes of female empowerment and
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Michael Nagle | Bloomberg | Getty Images James Park, chief executive officer of Fitbit Inc. Fitbit shares plunged in extended trading after the maker of wearable fitness devices provided a weaker-than-expected forecast. The shares sank another 12 percent after hours to $6.08. Fitbit said sales in the first quarter will increase as much as 8
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Shares of Box plummeted as much as 23 percent in after hours trading after the company reported fourth quarter 2019 revenue that missed analyst expectations. The company also reported weak guidance for the upcoming quarter and full fiscal year. Here are the numbers Box reported compared to Wall Street expectations: Earnings per share: $0.06 per
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The San Francisco-based company, run by Twitter CEO Jack Dorsey, issued earnings-per-share guidance for the first quarter between 6 cents and 8 cents. Wall Street was looking for 11 cents. Its revenue guidance for the first quarter was in line with analysts’ expectations. Slower growth also weighed on Square’s stock price. The company’s adjusted revenue
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President Donald Trump’s financial statements are here — and they likely only tell part of the story of his wealth. Michael Cohen, the president’s former personal attorney, testified before the House Oversight Committee on Wednesday, and provided the committee with a number of documents, among which he said were copies of Trump’s financial statements for
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SEMENYIH (Feb 27): Parti Keadilan Rakyat (PKR) president Datuk Seri Anwar Ibrahim has urged the people in Semenyih to give apt support to Pakatan Harapan (PH) to together carry out reforms in the country. He said the Government under the leadership of Prime Minister Tun Dr Mahathir Mohamad was striving to revive the nation after
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