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Cisco tops Q1 2018 EPS estimates, issues strong Q2 EPS view
Networking hardware manufacturer Cisco Systems, Inc. (NASDAQ: CSCO) surprised the market on November 16 by reporting an impressive fiscal 2018 first-quarter earnings that exceeded analysts’ estimates. The quarterly revenues were in line with the Zacks Consensus estimates. Cisco also issued
Read MoreFacebook tops Q3 estimates, operating margin rises to 50%
Despite reporting an exceptional Q3 2017 results that blew away analysts’ estimates, the stock of social media platform provider Facebook, Inc. (NASDAQ: FB) remains weak at $177 levels. While presenting the results, the CEO Mark Zuckerberg revealed that the operating
Read MoreExxon beats Q3 EPS view on higher crude prices
Despite the negative impact of hurricanes Harvey and Irma, the world’s largest listed oil and gas company Exxon Mobil Corporation (NYSE: XOM) reported a better-than-expected fiscal 2017 third-quarter results. The company was able to achieve an improvement in performance mainly
Read MoreVisa tops Q4 Street estimates, Guides for FY18
Credit card provider, Visa Inc. (NYSE: V) reported better than anticipated fiscal 2017 fourth-quarter earnings on October 25. On the basis of an improved global economic outlook, the company also issued an impressive revenue growth outlook. Thus, following the results,
Read MoreCoke tops Q3 view, guides FY17 revenue growth outlook of 3%
Aided by a decrease in expenses and an increase in volume of Coca-Cola Zero sugar in the US, last Thursday, carbonated soft drink producer Coca-Cola Company (NYSE: KO) reported its fiscal 2017 third-quarter results that beat analysts’ estimates. However, the
Read MoreGE misses Q3 EPS estimate on huge impairment charges
The stock of the world’s largest producer of jet engines, General Electric Company (NYSE: GE), plunged to a new 12-month low of $22.10, after reporting a y-o-y decline in the fiscal 2017 third-quarter earnings that missed analysts’ estimates by a
Read MoreBofA beats Q3 2017 estimates on 9% rise in net interest income
After recording a 12-month low of $22.74, the stock of Bank of America (NYSE: BAC) has recovered to $25 levels. Notably, legendary investor Warren Buffett’s Hathaway Inc. became the largest shareholder in August. Buffett had also praised Brian Moynihan, CEO
Read MoreGE undergoes massive shakeup in top management
Industrial conglomerate General Electric Company (NYSE: GE), which faces heavy headwinds in several business segments, reported a 48% y-o-y decline in non-GAA earnings to $2.418 billion, or $0.28 per share, on revenues of $29.558 billion in Q2 2017. The company
Read MoreVolkswagen’s ‘dieselgate’ scandal costs pile up to $30 bln
It is more than two years after the German automobile manufacturer Volkswagen AG (OTC: VLKAF) was caught using a software to fool pollution tests. Since then, the company had set aside about €22.60 billion ($26.7 billion) to buy back or
Read MoreTesla’s SolarCity fined $30 Million by US Justice Dept.
The successful launch of the Model 3 car, aimed at the mass market, by electric vehicle manufacturer Tesla Inc (NASDAQ: TSLA) kept its stock bullish until mid-September. However, the stock has been on a decline, after recording a new 12-month
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