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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)...

Oracle Reports EPS Miss, While Revenues Better than Expected

Oracle Corporation (NYSE:ORCL) reported its Q1 results, with EPS of $1.03 coming in worse than the Street estimate of $1.08. Revenue was $11.4 billion,...

Corteva’s Investor Day Preview

RBC Capital analysts provided their views on Corteva, Inc. (NYSE:CTVA) ahead of the company’s Investor Day on September 13. The analysts expect management to provide...

Comerica’s Updated Investor Deck Review

RBC Capital analysts provided their views on Comerica Incorporated (NYSE:CMA) following the company’s updated investor deck ahead of a management presentation at an upcoming...

Humana’s Upcoming Investor Day Preview

Deutsche Bank analysts shared their views ahead of Humana Inc.’s (NYSE:HUM) upcoming investor day on September 15. The company has modestly raised full-year guidance and...

Texas Capital Bancshares Announces Sale of BankDirect Capital Finance

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) recently announced the sale of BankDirect Capital Finance, its insurance premium finance business, to an indirect wholly owned subsidiary...

Urstadt Biddle Properties Shares Down 3 percent Following Q2 Miss

Urstadt Biddle Properties Inc. (NYSE:UBA) shares closed more than 3% lower on Tuesday following the company’s reported Q2 results, with EPS of $0.17 coming...

Key Takeaways From WESCO International’s Management Meeting

Analyst at Oppenheimer provided their key takeaways from WESCO International, Inc.’s (NYSE:WCC) management meeting, which was focused on the overall post-merger extensibility of scale...

Braze Shares Plummet 19 percent Following Mixed Q2 Results

Braze, Inc. (NASDAQ:BRZE) shares plunged 19% on Tuesday following mixed Q2 results, with 55% organic revenue growth driven by high NRR, and the cadence...

Peloton co-founder John Foley resigns in executive shakeup, other seniors to leave soon

On Monday, Peloton announced that co-founder John Foley had resigned from the position of executive chairman of the company’s board. Another co-founder Hisao Kushi,...

EQT Corporation Acquires Tug Hill For $5.2 Billion

EQT Corporation (NYSE:EQT) acquired Tug Hill and related midstream assets at a $5.2 billion value implying a 2.7x multiple on 2023 EBITDA (strip), which,...

R1 RCM’s Review by RBC Capital

Analysts at RBC Capital provided their views on R1 RCM Inc. (NASDAQ:RCM), noting that with the company already having secured an impressive $13 billion...

Sprinklr Shares Up 6 percent on Q2 Beat

Sprinklr, Inc. (NYSE:CXM) shares rose more than 6% on Friday following the company’s reported Q2 results, highlighted by solid growth, record NRR, and substantial...

Zscaler Shares Surge 21 percent Following Q4 Beat & Strong Guidance

Zscaler (NASDAQ:ZS) shares closed more than 21% higher on Friday following Q4 results, with the company delivering a very strong quarter, topping expectations across...

PayPal Review, Latest Guidance Appears Achievable

Deutsche Bank analysts provided their views on PayPal Holdings, Inc. (NASDAQ:PYPL), noting that the latest guidance appears achievable. Following numerous quarters where investors have been...

FactSet Research Systems’ Upcoming Q4 Earnings Preview

RBC Capital analysts provided their outlook on FactSet Research Systems Inc. (NYSE:FDS) ahead of the upcoming Q4 earnings announcement on September 22. The analysts expect...

Elon Musk Says Whistle Blower Deal Lets Him Drop Twitter Purchase Again

In a filing on Friday, Musk's attorneys claimed that, as required by the terms of the acquisition, Twitter had to inform the billionaire before...

JP Morgan Chase to hire new Web3 senior worker for payments focused position

JP Morgan Chase, an early adopter of Web3 and blockchain has recently advertised for the position of a payments focused worker. The position that...

What are the iO16 features that will not be available at its latest official release by Apple

On September 12, tech giant Apple Inc., will launch its latest operating system called the iOS 16. This newest version lacks multiple features that...

Did Google CEO Sundar Pichai tease the Google Pixel Watch ahead of official launch

Everyone is looking forward to a possible release of the Google Pixel Watch in the October 6 event by Google. However, there might have...

RH Shares Up 4 percent Following Better than Expected Q2 Results

RH (NYSE:RH) shares were trading more than 4% higher Friday morning following the company’s reported Q2 results, with EPS coming in at $8.08, beating...

McCormick & Company Pre-Announces Q3 Results & Cuts Guidance

McCormick & Company, Incorporated (NYSE:MKC) pre-announced softer Q3/22 results and cut its full 2022-year guidance. Revenue is expected to grow approximately 3% year-over-year in Q3....

DocuSign Shares Surge 7 percent on Strong Q2 Results

DocuSign Inc. (NASDAQ:DOCU) shares soared more than 7% Friday afternoon following the company’s reported Q2 results, with EPS coming in at $0.44, better than...

Casey’s General Stores Reports Q1 Beat, Reiterates Guidance

Casey's General Stores, Inc. (NASDAQ:CASY) reported its Q1 results, with EPS of $4.09 coming in better than the Street estimate of $3.43. Revenue was...

Dave & Buster’s Entertainment Shares Plunge 14 percent Following Q3 Results

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) shares dropped around 14% on Thursday following the company’s reported Q3 results, with EPS of $0.61 coming in...

Avid Bioservices Reports Q2 EPS Miss, While Revenues Beat Estimates

Avid Bioservices (NASDAQ:CDMO) reported its Q2 results, with EPS coming in at $0.02, worse than the Street estimate of $0.04. Revenue was $36.7 million,...

Medtronic Review Post Q1 Results

RBC Capital analysts updated their model and lowered their price target to $110 from $122 on Medtronic (NYSE:MDT) following the company’s recently announced Q1...

Crown Holdings Price Target Raised to $122 at RBC Capital

RBC Capital analysts raised their price target on Crown Holdings, Inc. (NYSE:CCK) to $122 from $120, noting they remain favorable on the company despite...

Newell Brands Cut Q3 & Full-Year Outlook

Newell Brands (NASDAQ:NWL) cut its Q3 and full-year guidance, due to greater than expected pullback in retailer orders and continued inflationary pressures on the...

Altra Industrial Motion’s Review Following CEO Meeting

Oppenheimer analysts provided their views on Altra Industrial Motion Corp. (NASDAQ:AIMC) following their meeting with the company’s CEO Carl Christenson and CFO Todd Patriacca,...

Verint Systems Shares Plunge 8 percent Following Q2 Results

Verint Systems Inc. (NASDAQ:VRNT) shares dropped more than 8% on Thursday following the company’s reported Q2 results, with revenue of $223 million coming in...

Asana Shares Surge 24 percent on Q2 Beat

Asana, Inc. (NYSE:ASAN) shares closed more than 24% higher on Thursday following the company’s reported Q2 results, with EPS of ($0.34) coming in better...

Kellogg’s Introduces Instabowls The Hottest New Craze- Cereal With Water

Image Courtesy Kellogs Just add water to Kellogg’s ® Apple Jacks ® Insta-bowls to enjoy the delicious taste of apples and cinnamon flavor anywhere. Just...

Luxury goods company Hermes files trademark application for Web3 for future

Paris-based luxury brand Hermes that operates independently although it is a part of the LVMH luxury group is the newest kid on the block(chain)....

Church & Dwight to Acquire Hero Mighty Patch For $630 Million

Church & Dwight Co., Inc. (NYSE:CHD) announced it has entered into a definitive agreement to acquire the Hero Mighty Patch brand for $630 million. Furthermore,...

Guidewire Software Reports Q4 Beat, Provides Guidance

Guidewire Software, Inc. (NYSE:GWRE) reported its Q4 results, with EPS of $0.03 coming in better than the Street estimate of ($0.01). Revenue was $244.6...

UiPath Inc. Shares Plummet 11 percent on Lowered Full-Year Outlook

UiPath Inc. (NYSE:PATH) shares dropped more than 11% Wednesday afternoon following the company’s reported Q2 results, with EPS of ($0.02) coming in better than...

Coupa Software Shares Surge 16 percent on Q2 Beat

Coupa Software Incorporated (NASDAQ:COUP) shares soared more than 16% Wednesday afternoon following the company’s reported Q2 results, with EPS of $0.20 coming in better...

Darden Restaurants’ Upcoming Q1 Earnings Preview

Analysts at Deutsche Bank provided their outlook on Darden Restaurants, Inc. (NYSE:DRI) ahead of the upcoming Q1 earnings announcement, scheduled on September 22. The analysts...

The Timken to Acquire GGB Bearing Technology For $305 Million

The Timken Company (NYSE:TKR) shares closed more than 2% higher on Wednesday following the company’s announcement to acquire GGB Bearing Technology, a division of...

Apple ‘Far Out’ event in Cupertino unveils iPhone 14, Apple Watches, AirPods Pro

Apple Inc. September 7 ‘Far Out’ event at its headquarters in Cupertino saw the unveiling of new devices from the tech giant. New models...

Exclusive: GBP receives pounding against dollar, falling below its eighties level just before new PM sworn in

On Monday, the Great Britain Pound (British pound sterling) traded as low as $1.1444. This level was a mere fraction above the rate it...

Adobe’s Upcoming Q3 Earnings Preview

Analysts at RBC Capital provided their outlook on Adobe Inc. (NASDAQ:ADBE) ahead of the upcoming Q3/22 earnings announcement. Year-to-date, results have been above expectations but...

Fluence Energy Price Target Raised to $23 at RBC Capital

Analysts at RBC Capital raised their price target on Fluence Energy, Inc. (NASDAQ:FLNC) to $23 from $18, noting they see the recent management changes...

PagerDuty Reports Q2 Results, Provides Guidance

PagerDuty, Inc. (NYSE:PD) reported its Q2 results, with revenue coming in at $90.3 million, up 33.6% year-over-year. While revenue, EPS, and operating margin came...

Smartsheet Shares Surge 10 percent Following Strong Q2 Results

Smartsheet Inc. (NYSE:SMAR) shares rose around 10% on Friday following the company’s reported Q2 results, with revenue coming in at $186.7 million (up 42%...

Rollins Upgraded to Outperform at RBC Capital

RBC Capital analysts upgraded Rollins, Inc. (NYSE:ROL) to outperform from sector perform, highlighting that Q2/22 had only a partial benefit from pricing and sales...

CVS Health to Acquire Signify Health For $8 Billion

CVS Health Corporation (NYSE:CVS) made an announcement on Monday, according to which it has entered into a definitive agreement to acquire Signify Health for...

UPS Threaten Strike Due to Unfair Labor Practices Including Driver Safety

Before their current contract expires at the end of July 2023, contract negotiations between UPS and the Teamsters Union are scheduled to start in...
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