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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

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Facebook 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

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Exxon 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

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Visa 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,

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Coke 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

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GE 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

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BofA 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

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GE 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

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Volkswagen’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

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Tesla’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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