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Unilever plans simplification of capital structure
The FMCG giant Unilever (NYSE: UN) reported higher-than-expected fiscal 2017 half-yearly results in late July. While the fiscal 2017 half-yearly underlying sales grew 3% on y-o-y basis, the turnover increased 5.5%, compared with the first-half of 2016. The market rewarded
Read MoreOvervalued Caterpillar signals downtrend
The stock of earth moving equipment manufacturer Caterpillar Inc (NYSE: CAT) recorded a new 12-month high of $119.80 in the last week of August. Of late, the company has been performing very well. Caterpillar reported robust non-GAAP earnings of $1.49
Read MorePfizer beats Q2 2017 EPS estimates, narrows FY17 EPS view
The stock of pharmaceutical giant Pfizer Inc (NYSE: PFE) fell early August, after reporting a lower-than- anticipated fiscal 2017 second-quarter revenues. However, Pfizer had reported an increase in Q2 2017 earnings compared with last year’s second-quarter. Furthermore, the company’s non-GAAP
Read MoreGoPro reports narrowed Q2 2017 loss, issues upbeat Q3 2017 view
Action camera manufacturer GoPro Inc (NASDAQ: GPRO) reported fiscal 2017 second-quarter GAAP and non-GAAP net loss that narrowed from last year. The quarterly results were better than analysts’ expectations. GoPro also reported an increase in the Q2 2017 revenues, compared
Read MoreTesla beats Q2 2017 view, Model3 delivery concerns haunt
Historically, retail traders and hedge funds which have placed bets against the electric car manufacturer Tesla Inc (NASDAQ: TSLA) has never done well and it was no way different this time. Following the release of fiscal 2017 second-quarter results that
Read MoreMastercard beats Q2 2017 view, Gross dollar volume up 9%
In the last week of July, consumer credit provider Mastercard Inc (NYSE: MA) reported higher than expected fiscal 2017 second-quarter revenue and earnings. That took the share price to a new 12-month high of $132.20. Mastercard also reported an increase
Read MoreLas Vegas beats Q2 2017 estimates, Macao gaming rev. up 29%
Concerns over gaming revenue growth in Macao and weak US dollar resulted in a decline in the stock of casino and resort operator Las Vegas Sands (NYSE: LVS) in the last week of July. Ironically, the company had reported better
Read MoreGE beats Q2 2017 estimates, reaffirms FY17 EPS view
Despite beating fiscal 2017 second-quarter estimates of analysts, the stock of General Electric Company (NYSE: GE) declined to hit a 12-month low of $25.26. The 45% y-o-y decline in the quarterly earnings was primarily responsible for the weakness in the
Read MoreNovartis beats Q2 2017 estimates, lifts Alcon sales view
The stock of biopharmaceutical company Novartis Ag (NYSE: NVS) is trading near its 12-month high of $86.90. The company reported better than expected fiscal 2017 second-quarter earnings. However, revenues declined from last year as generic drugs pulled down the revenue
Read MoreSchlumberger turns bearish on weak oil outlook
The stock of the world’s largest oilfield services company Schlumberger N.V. (NYSE: SLB) hit a 12-month low of $64.15 in the first week of July. It is obvious that the stock is affected by the poor outlook for crude oil.
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