Articles by: Lyubomir Dimitrov

Goldman Sachs Group Inc share price down, reports strong Q3 results to beat Wall Street forecast

On Thursday Goldman Sachs Group Inc reported a 48% increase in net income in Q3 and raised its quarterly dividends by five cents up to 60. The results easily beat the projection of analysts pooled by Bloomberg, which reflected in $3.21 per-share earnings on revenue of $7.85 billion. In reality revenue increased 25% up to […] Read more

British Sky Broadcasting Group PLC share price down, reports better-than-expected first-quarter performance

On Thursday British Sky Broadcasting Group Plc reported growth, both in profit and in customer demand in Q1, as more consumers signed up to download or view digital media onto their mobile devices. Britains biggest paid-TV service reported revenue of £1.926 billion in the three months ended September 30, a 6% increase compared to last […] Read more

Nestle SA share price down, nine-month results fail to reach analysts’ estimates

Nestlé SA reported on Thursday a fall in sales for the nine months of this year, forecasting a challenging fourth quarter as the company continues to face weak worldwide demand. The worlds largest food company stated 66.2 billion francs of revenue for the nine months ended September 30, 3.1% less compared to a year earlier […] Read more

AbbVie Inc. share price up, board shifts stance on merger with Shire Plc

AbbVie Inc.s board advised shareholders to vote against the takeover deal with Shire Plc., due to new tax rules imposed by the U.S. Treasury Department. The U.S. government has been trying to tune down overseas mergers for some time now and in September the Treasury Department revealed new rules in an effort to restrain corporate […] Read more

Wal-Mart Stores Inc. share price down, cuts full-year forecast and predicts lower revenue in the future

Wal-Mart Stores Inc. cut its projection for full-year sales on Wednesday, citing a stronger dollar and the impact of food stamp reductions, and said its future profits will grow slower, as it is shifting attention to its online business. The revision caused a lot of attention from analysts and investors as they pointed out how the […] Read more