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Tag Archives: earnings

Kraft Heinz crashes; Berkshire Hathaway earnings; Economic worries

The Food Group downgraded the value of its brands Kraft and Oscar Mayer by $ 15 billion, posted a loss of $ 12.6 billion, lowered its dividend by 36%, and found that its accounting practices had been reduced by the US Securities and Exchange Commission to be investigated. Customers were not the problem: sales in the fourth quarter increased by …

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Barclays earnings in the fourth quarter of 2018

Fitch Ratings said Wednesday it could downgrade the United Kingdom's "AA" debt, based on growing uncertainty over negotiations between Britain and the European Union over the withdrawal of the nation from the economic bloc next month. A downgrade would not be an advantage for the United Kingdom: we believe markets are currently looking at a rather negative story. So let's …

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Canopy Growth reports rising pot sales in the late earnings report

The market's largest pot company, Canopy Growth Corp., reported a 283% increase in quarterly revenues when marijuana became legal in Canada, but earnings were impacted by paper losses, according to a filing filed Thursday night. [19659002] canopy CGC, + 0.15% WEED, + 0.29% The third quarter results were closely monitored as investors looked for another view of cannabis sales sought …

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Cisco earnings, revenue and stock buyback prospects

Cisco Systems (CSCO) reported a fiscal second-quarter profit late Wednesday that narrowed estimates to near analyst estimates. The Cisco earnings report helped the stock climb in after-hours trading, and the April forecast for the quarter exceeded expectations. X Cisco raised its quarterly dividend to 35 cents a share, up from 33 cents a share. The company has also increased its …

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Activision Blizzard reports earnings on layoffs and losses

Activision Blizzard (ATVI), the publisher of games such as "Call of Duty" and "Overwatch," will announce the fourth quarter on Tuesday after Tuesday's close. This quarter's earnings will be a clear sign of how the company is surviving the video game landscape, disrupted by changes to the traditional business model and the success of free-to-play games such as Fortnite. Analysts …

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Electronic Arts' stock rises to its biggest decline after more than a decade after a loss of earnings

Electronic Arts Inc.'s stock plummeted to the sharpest decline since the dot-com bubble in after-hours trading, after the video player missed out on sales estimates for the Christmas season and lowered its forecast. If EA EA, + 4.63% The stock's roughly 18% drop in Tuesday's prolonged session is in regular trading on Wednesday. It would fight for the largest percentage …

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Why Google's stock fell in the fourth quarter following the earnings announcement

Alphabet outperformed Wall Street revenue targets for the 2018 holiday quarter, while the stock traded 3% on Monday. Why did the numbers shake investors? Colin Sebastian, a senior analyst with Robert W. Baird & Co, told Business Insider Monday that the stock was "weak due to an unexpectedly low operating profit and much higher investment." Alphabet's operating income for the …

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