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.
Month: February 2019
The wait is almost over, even if no one knows what we’re waiting for. Electric carmaker Tesla suspended all orders on its website and redirected users to a page teasing a mystery announcement CEO Elon Musk said is coming at 5 p.m. ET Thursday. Users who attempt to go to any of the company’s ordering
Close to a month into tax season, tax refunds are starting to increase. The average check is now $3,143 for the week ended Feb. 22, according to the IRS. That’s just about on par with last year’s figures, reflecting a rise of 1.3 percent year over year. The increase in refund amounts is a change
If you’re on the prowl for a new job or a more fulfilling career, the health-care industry might have a position with your name on it. Of the top seven hardest-to-fill jobs, five are in health care, according to a recent report from jobs site CareerCast. The salaries for those medical-related jobs depends largely on
NEW YORK (Feb 28): US stocks slipped on Thursday as a US-North Korea summit ended abruptly without an agreement, with a clutch of weak earnings adding to the downbeat sentiment. President Donald Trump said he had walked away from a nuclear deal at his summit with Kim Jong Un in Vietnam because of unacceptable demands
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
HP CEO Dion Weisler told analysts that, “as the macro uncertainty has increased we have seen further price sensitivity among customers pressuring both our share and our supplies pricing.” Booking CEO Glen Fogel cited a slowdown in Europe, where the online travel company does the majority of its business. Germany, in particular, is being hurt
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
Despite gains in income and wealth for black families in America, white families often have a net worth up to 10 times higher. Discriminatory financial practices such as redlining or credit discrimination have increased the wealth gap and held black families back from being able to create generational wealth. Times are changing. Black millennials are
Some people assume Medicare is free, Roberts said. Far from it, actually. And, there’s no out-of-pocket maximum. As long as you have at least a 10-year work history, you pay no premiums for Medicare Part A, which covers hospital stays, skilled nursing, hospice and some home health services. However, it has a deductible of $1,364
KUALA LUMPUR (Feb 28): PPB Group Bhd announced a 40.3% drop in its net profit for the fourth quarter ended Dec 31, 2018 (4QFY18) from a year ago, impacted by weaker performance at its Singapore-listed associate Wilmar International Ltd, its in-house consumer products division. Its net profit for the quarter under review shrank to RM221.34
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
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,
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
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
Source: Shanghai Municipal People’s Government Shanghai Mayor Ying Yong and Tesla Chairman and CEO Elon Musk pose in from of a plaque for the Tesla (Shanghai) Ltd. Electric Vehicle Development and Innovation Center. Tesla is lining up about $2 billion (more than 13 billion RMB) from Chinese lenders to build out its massive battery and
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
If investors want to start sleeping better at night, it’s time to start thinking about what’s going right with this economy, CNBC’s Jim Cramer said. While many Wall Street watchers have been fixated on what could go wrong on the market, the “Mad Money” host on Wednesday explained six reasons he can’t stop wiping sleep
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
A widening trade gap, a more sluggish consumer and softer business spending bit into fourth quarter growth, and economists now expect that the economy grew at about 2.3 percent in the final quarter of 2018. On top of that, first quarter growth is looking even weaker, at less than 2 percent, and the economy in
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
L Brands, owner of Victoria’s Secret and Bath & Body Works, on Wednesday reported mixed results in the holiday quarter that sent shares of the company down more than 5 percent. Same-store sales at its Victoria’s Secret brand have struggled to keep up with changing tastes and new competition, and fell 3 percent. The brand,
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
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
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
Businesses selling food and beverages infused with CBD have a message for the Food and Drug Administration: Regulate us, please. Congress’ legalization of hemp products, including most CBD, in December is forcing the FDA to consider writing new rules — and casting a cloud of uncertainty over the emerging industry. The absence of clear regulations
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
Boris Schlossberg, managing director of FX strategy at BK Asset Management, said those heady days of growth are long gone. “I think it’s a good steady company but I think the halcyon days of growth are way behind it,” Schlossberg said Tuesday on CNBC’s “Trading Nation.” “The stock actually peaked at the start of January
What’s more, 56 percent of first-time buyers offered more than the asking price before successfully sealing a deal. In comparison, just 35 percent of other homebuyers put up more than the asking price. In the end, more first-time buyers — 34 percent — were left feeling financially insecure after their purchase versus 17 percent of
Tax season is prime time for catching and fixing last year’s individual retirement account slip-ups. Whether you put away too much money in your IRA or you forgot to take out a required minimum distribution — ie, a mandatory withdrawal — after you turned 70½, your accountant is likely to discover your mistakes. “Missed RMDs
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