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Cypress beat Q1 earnings estimates, turns bullish
Silicon chip manufacturer Cypress Semiconductor Corporation (CY) announced fiscal 2016 first-quarter earnings of $0.07 per share, which beat analysts’ estimates by a cent. Following the company’s merger with Spansion, Inc. last year, the y-o- y revenue has more than doubled.
Read MoreAlibaba signals uptrend on strong mobile revenue growth
The Chinese e-commerce company Alibaba Group Holding Limited (BABA) reported its fiscal 2016 fourth-quarter earnings, which were below the analysts’ estimates. However, as discussed below, the strong revenue growth, and in particular the impressive increase in the mobile GMV (Gross
Read MoreExxon remains bearish on losses from upstream operations
Despite going past the earnings and revenue estimate of analysts, the shares of ExxonMobil (XOM), the fourth largest company in the world by market capitalization, are not expected to turn buoyant in the short-term due to unresolved issues in the
Read MoreXerox remains bearish on subdued second-quarter outlook
Following the announcement of mixed fiscal 2016 first-quarter results, the shares of Xerox Corp. (XRX) declined 13.6% on Monday. The sell-off was spontaneous not only because of unimpressive results, but also due to a weaker than expected second quarter outlook.
Read MoreCiti remains bullish on passing the “Living Will” test
Last week, Citigroup Inc. (C), the fourth largest bank by assets in the USA, reported a 27% decline in the fiscal 2016 first-quarter net income. However, the share price closed almost flat at $44.92 on Friday. What is the reason
Read MoreApple to remain range bound on revenue decline concerns
The innovative technology company Apple (AAPL) is expected to announce its fiscal 2016 second-quarter results on April 25th, 2016. The share price of Apple, which closed at $109.81 on Tuesday, had risen about 8% in the past one month. Thus,
Read MoreHSBC to decline further on energy loan portfolio losses
On Friday, the shares of HSBC holdings plc (HSBC) closed at $31.20, which is near the 52-week low of $30.13. Most analysts believe that the stock has little chance of recovery in the coming weeks because of a variety of
Read MoreWheat indicates reversal on higher import prices in Egypt
Between September 2015 and March, 2016, the Chicago wheat futures price had declined about 20% or $1 per bushel to trade at $4.425 per bushel. However, the global demand and supply data indicates that the wheat futures price has bottomed
Read MoreIndia Launches Campaign To Attract Investors To Startups
The Narendra Modi government has come under a lot of criticism for many of its policies but one of the biggest achievements of Modi and his government has been the emphasis put on creating and developing new opportunities for business
Read MoreSony To Resume Downtrend On Declining Revenue Concerns
The shares of Sony (SNE) had risen by about 20% to $23.62 in less than two months. The uptrend was mainly due to an impressive fiscal 2015 third-quarter earnings. However, a close look at the third quarter results would enable
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