Stock News

Microsoft Corp.’s share price up, reports first-quarter sales that surpass analysts’ estimates due to cloud-computing growth

The biggest software manufacturer in the world, Microsoft Corp., reported that its sales over the past quarter surpassed analysts forecasts due to cloud-computing growth and recovering personal-computer sales. The companys statement comes at a moment when Microsofts Chief Executive Officer Satya Nadella is trying to bring a new life to the U.S.-based company. Daniel Ives, […] Read more

Amazon.com Inc.’s share price up, posts fourth-quarter sales and profit projection that misses initial analysts’ forecasts

Amazon.com Inc. announced its projection regarding sales and profit for the fourth fiscal quarter, which came below initial analysts estimates. The companys forecast also highlighted the limits of its Chief Executive Officer Jeff Bezos strategy to make large investments in order to boost Amazons growth. The Chief Financial Officer of Amazon, Tom Szkutak, commented in […] Read more

AMC Networks Inc. share price down, takes stake in BBC America

AMC Networks Inc. purchased a 49.9% stake in BBC America and took operational control, as the companies formed a union to help them in negotiations with pay-TV carriers. In a statement from both companies, they described the $200-million deal as a “long-term creative partnership” which would give them access to more premium content and grow […] Read more

Comcast Corp. share price up, reports strong Q3 results with a new wave of subscribers

Comcast Corp. reported on Thursday an increase in revenue and income during the recent quarter as more people signed up for its services. The U.S. cable company reported better-than-expected earnings in the third quarter, marking a record performance for the last five years, as it expanded its customer base with 315 000 new subscribers to […] Read more

General Motors Co.’s share price up, posts increasing third-quarter profit due to strong customers spending in North America

General Motors Co. made an official statement today that its third-quarter profit increased by 1%, only a month after its Chief Executive Officer, Mary Barra, said the companys investors are putting her under pressure to boost performance. The Chief Financial Officer of the company, Chuck Stevens, said in a news release, cited by the Wall […] Read more

Raytheon Co. share price down, profit beats analysts projection as orders keep coming

Raytheon Co. raised its yearly target and released forecast-beating results during the recent quarter after successfully trimming costs to maintain profitability. The worlds largest missile maker reported net profit of $519 million in the third quarter, compared to $493 million a year earlier. Earnings per share rose to $1.66 compared to $1.52 year-to-year and analysts […] Read more

Publicis Groupe SA’s share price down, reduces its full-year sales projection after third-quarter revenue misses analysts’ forecasts

Publicis Groupe SA reduced its annual sales projection after the revenue it reported over the third quarter missed analysts forecasts, as the company has been facing difficulties due to a failed merger with Omnicom Group Inc. The companys Chief Executive Officer, Maurice Levy, said in an interview for the Wall Street Journal: “Performances don’t live […] Read more

AT&T Inc. share price down, announces lower-than-expected Q3 revenue and trims full-year forecast

AT&T Inc. reported an increase in revenue, but still under Wall Streets expectations, while cutting sales projections for the year. The company reported sales during Q3 increased to $32.96 billion, compared to analysts estimate of $33.21 billion. Net income fell from $3.81 billion last year, or $0.72 per share, to $3 billion, or $0.58 per […] Read more

Nokia’s share price up, posts third-quarter results, earnings beat analysts’ projections due to a network sales increase

Nokia made an official statement today that its earnings over the third quarter of the fiscal year rose due to the increasing network spending by the phone carriers located in the U.S. and China. According to the companys statement, Nokias profit excluding some items over the third three months of the year, increased from 6 […] Read more

Tesco PLC share price down, Chairman Broadbent to step down as profit collapses

On Thursday Tesco said its chairman would step down, as it confirmed that first-half pre-tax profit had been exaggerated by £263m due to accounting irregularities, which had gone back further than expected. Richard Broadbent, chairman since 2011, said he would step down when managements transition is complete and business plans are in place. “It will […] Read more