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Business

Comcast beats analysts estimates in earnings, revenue, stock rises, falls, CWEB analyzes results

Comcast (CMCSA) posted its quarterly report on Thursday. The entertainment and media giant beat analysts' expectations, reporting higher earnings and revenue. The stock rose...

Thermo Fisher Scientific Reports Better Than Expected Q1 Results

Thermo Fisher Scientific (NYSE:TMO) announced its first-quarter earnings and revenue that topped Wall Street forecasts. The company reported an adjusted earnings per share (EPS)...

State Street Shares Plunge 9 percent on Q1 Earnings Miss

State Street's (NYSE:STT) shares dropped more than 9% on Monday after the bank missed Q1 Street estimates. The company posted earnings per share (EPS)...

Smith & Nephew’s Upcoming Q1 Earnings Preview

RBC Capital shared their outlook on Smith & Nephew plc (NYSE:SNN) ahead of the upcoming Q1/23 earnings announcement, scheduled on April 26, expecting revenue...

Bank of America Raises e.l.f. Beauty’s Price Target to $105

Bank of America reaffirmed their Buy recommendation on e.l.f. Beauty (NYSE:ELF), and increased their price target from $75.00 to $105.00. The decision was made...

Roblox Shares Plummet 12 percent on March Key User Metrics Announcement

Roblox (NYSE:RBLX) shares plunged around 12% on Monday following the company’s report on key user metrics for March. While hours engaged were better than...

New US Electric Vehicle Rule Would Speed Supply Chain Changes

A Biden administration proposal would force U.S. automakers to sharply increase their production of electric cars and trucks over the next decade, lending greater...

Angry Birds to Find New Home? Rovio Entertainment Confirms Talks with Sega Sammy Holdings

Rovio Entertainment Oyj, the maker of the popular mobile game Angry Birds, confirmed that there are talks about a possible tender offer by Japanese...

Millions Will Lose Dental Health Care Coverage Under Medicaid

According to information that NBC News obtained exclusively, more than 14 million persons who receive Medicaid around the country now face losing their dental...

Appliance Retailer Best Buy Trims US Store Headcount Citing Shift in ‘Customer Shopping Behavior’, Reports Say

Electronics and appliance retailer Best Buy Co. Inc. (BBY) is reducing store jobs across the country, as it works to cut costs and shift...

Watch: Elon Musk’s SpaceX Postpones Starship Launch Due to Technical Hitch

Elon Musk's Space Exploration Technologies Corporation, widely known as SpaceX, was ready to launch its own creation, which could have roughly twice the power...

Samsung phones might switch search from Google to Microsoft Bing, Microsoft and Samsung shares rise while Alphabet Drops

Alphabet shares dipped by 3.5 percent and Microsoft (MSFT) shares rose by almost 1 percent after a Monday morning report that said that mobile...

Wedding Gown Retailer David’s Bridal Commences First Wave of Lay-Offs

Wedding dress giant David’s Bridal has laid off a substantial number of its workforce. On Friday, in a Worker Adjustment and Retraining Notifications (WARN)...

V.F. Corp Double Upgraded at Goldman Sachs

Goldman Sachs upgraded V.F. Corp. (NYSE:VFC) to Buy from Sell, with an increased price target of $27, citing the stock's nearing inflection point with...

Checkpoint Software Downgraded at Raymond James

Raymond James downgraded Checkpoint Software (NASDAQ:CHKP) to Market Perform from Outperform, citing a deceleration in broader spending intentions that could ultimately lead to a...

First Advantage’s Upcoming Q1 Earnings Preview

RBC Capital analysts provided their outlook on First Advantage's (NASDAQ:FA) upcoming Q1/23 earnings, expected to be released on May 10. The analysts expect a...

Wells Fargo Reports Better Than Expected Q1 Results

Wells Fargo (NYSE:WFC) reported its Q1 earnings results on Friday, with EPS of $1.23 coming in better than the Street estimate of $1.12. Revenue...

CarMax Shares Up 5 percent Since Q4 Results Announcement

CarMax (NYSE:KMX) shares rose more than 5% since the company reported its Q4 results on Tuesday, with EPS of $0.44 beating the Street estimate...

Piper Sandler Mentions Number of Companies to Benefit From Generative AI

According to Piper Sandler analysts, generative AI is poised to become the next technology revolution with significant implications for both consumer and enterprise sectors....

Rivian Downgraded at Piper Sandler

Rivian Automotive (NASDAQ:RIVN) was downgraded by Piper Sandler to Neutral from Overweight, with a price target cut to $15.00 from $63.00, due to concerns...

Spirit AeroSystems Shares Plunge 20 percent on Boeing 737 Issues

Spirit AeroSystems (NYSE:SPR) shares dropped more than 20% after it identified a quality issue affecting near-term deliveries of certain Boeing 737 models. According to...

Shopify is Set to Beat 2023/2024 Expectations

Oppenheimer suggests that Shopify (NYSE:SHOP) has the potential to surpass consensus estimates for fiscal 2023 and 2024. If Shopify's existing cohort growth patterns match...

Nvidia AI Chips in Demand! eBay lists H100 Graphic Cards On Sale For Over $40,000

Nvidia (NVDA) makes H100 graphic cards that are in demand as they are used in the development of Artificial Intelligence (AI). The high-end chips...

Elon Musk Reportedly Plans to Launch AI Startup to Challenge ChatGPT Maker, OpenAI

Billionaire Elon Musk is preparing to build a rival artificial intelligence startup to ChatGPT-maker OpenAI, according to persons familiar with his plans. Musk is...

Starboard buys conservative platform Parler, Conglomerate to shut down app for revamp

Starboard, a digital media company has bought Parler, a social media platform that is popular with conservatives in the U.S. The conglomerate has not...

A Smart Move on Tax Day: Get Health Insurance Information Using Your State’s Tax Forms

Many of her clients don’t believe it when Maryland tax preparer Diana Avellaneda tells them they might qualify for low-cost health insurance. Or they...

What is the cost and what are the features available on Walmart’s new Google TV box

It’s good news for those of you have already used Walmart's earlier Google TV box as the giant retailer has come up with a...

Who are the top 10 earners on Spotify? Celebrity singers Drake, Sheeran, Grande and more Web Fans shower Love

If you have ever wondered who are the singers who earn the most on Spotify (SPOT), we have the answers for you. Spotify can...

What to Expect From Nutrien’s Upcoming Q1 Earnings Results?

RBC Capital analysts provided their outlook on Nutrien (NYSE:NTR), expecting a weak Q1 (scheduled on May 10) and 2023 downward guidance revisions, reflecting a...

Citigroup Shares Surge 4 percent on Q1 Beat

Citigroup (NYSE:C) shares gained more than 4% on Friday after the company reported its Q1 results, with EPS of $2.19 (boosted by the $953...

JPMorgan Shares Soar 7 percent on Better Than Expected Q1 Results

JPMorgan (NYSE:JPM) shares surged more than 7% on Friday after the company reported its Q1 results, with EPS coming in at $4.10, better than...

California Health Committee Approves Bill to Ban Sale of Food with Cancer-Linked Additives

The Assembly Health Committee has unanimously approved Jesse Gabriel's (D-Woodland Hills) proposal to outlaw the sale of processed foods containing specific hazardous and harmful...

JP Morgan Chase posts record revenue, earnings in first quarter, share price rises by 7.5 percent

JP Morgan Chase (JPM) reported its first quarter earnings on Friday. Despite the recent upheaval in the banking sector last month, banks have started...

Groupon to Return to Positive Adjusted EBITDA in 2023

On Thursday, Groupon Inc. (GRPN) announced that it had hired Jiri Ponrt as its chief financial officer. This comes as the company's largest shareholder...

Burger King Franchisee Meridian to close 27 restaurants after bankruptcy filing

Meridian Restaurants Unlimited, a large franchisee of Burger King had filed for bankruptcy in March. Court filings say that the 116-unit will be closing...

To reinstate full access to abortion pills, the Justice Department will petition the Supreme Court

To reinstate full access to abortion pills, the Justice Department will petition the Supreme Court. The 5th U.S. Circuit Court of Appeals in New...

How to Choose the Best Pet Vacuums for Dogs and Cats

If you are a pet owner, you know that keeping your home clean can be a real challenge. Pet hair and dander can accumulate...

Watch: Arrest made in murder of Bob Lee tech executive in San Francisco. Suspect in tech industry.

Arrest made in murder of Bob Lee tech executive in San Francisco. Suspect in tech industry. After an outside-the-city operation, the San Francisco Police Department...

Levi Reports a Q1 Beat, But Shares Drop 16 percent on Gross Margin Miss

Levi (NYSE:LEVI) shares dropped more than 16% since last Thursday, when the company reported its Q1 results, with EPS of $0.34 coming in above...

Mosaic Downgraded at JPMorgan, Price Target Cut at Stifel

JPMorgan downgraded Mosaic (NYSE:MOS) to Neutral from Overweight and lowered its price target to $46.00 from $60.00 on increased macro-risks to the valuation of...

Constellation Brands Report Better Than Expected Q4 Results & 2024 Guidance

Constellation Brands (NYSE:STZ) reported its Q4 results last week, with EPS of $1.98 beating the Street estimate of $1.84. Revenue was $2 billion (down...

Lamb Weston Reports Q3 Beat, Provides Strong Guidance

Lamb Weston (NYSE:LW) reported its Q3 earnings results last week, with EPS coming in at $1.43, better than the Street estimate of $0.99. Revenue...

The Drug Company That Prospered Without Creating Any Drugs

The new drug looked so promising – except for that one warning sign. At the American College of Rheumatology’s annual meeting in 2008, Duke University’s...

Elon Musk Speaks on ‘Rollercoaster Ride’ Takeover, Denies Increase in Hate Speech Levels while NPR Quits Twitter

Twitter Inc.’s boss Elon Musk, in an interview with BBC’s tech journalist James Clayton, claimed that following significant layoffs and efforts to entice advertisers...

Feds Launch Criminal Investigation Into ‘AGGA’ Dental Device and Its Inventor

Federal prosecutors have launched a criminal investigation into the Anterior Growth Guidance Appliance, or “AGGA” dental device, following a recent KFF Health News-CBS News...

Whole Foods Closed a Downtown San Francisco Store Due to Crime

A huge Whole Foods 65,000-square foot location at Trinity Place in the city’s Mid-Market neighborhood that only recently opened in downtown San Francisco suddenly...

Creator Economy is $250 Billion & Will Grow to $480 Billion by 2027

Goldman Sachs predicts the creator economy is worth $250B and could grow at 14% CAGR from 2022-2027, reaching $480B by 2027. The firm mentioned...

McDonald’s Price Target Raised on Digital Momentum

Jefferies raised McDonald's (NYSE:MCD) price target to $320 from $315 and maintained a Buy rating, highlighting its digital momentum, exemplified by the successful Cardi...

How much will NFL ‘Sunday Ticket’ cost through streaming service YouTube TV

Google owned YouTube TV has released the rates of its NFL “Sunday Ticket.” In December 2022, YouTube TV bought the NFL package rights for...

FTC Slaps 600K Fine on Supplement Maker for ‘Review Hijacking’ on Product Listings, Deceiving Consumers

The US Federal Trade Commission (FTC) has penalized a company for "review hijacking" for the first time. The Bountiful Company, the company behind Nature's...
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