Month: January 2019

Wall Street’s relative disappointment with PayPal’s fourth-quarter earnings report — with the exception of the almost-profitable Venmo — may have stemmed from the company’s forward guidance, CFO John Rainey told CNBC on Thursday. In an exclusive “Mad Money” interview after PayPal’s report, Rainey emphasized that management was “really pleased” with the fourth-quarter results, highlighting the
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After December’s surprise surge in hiring, economists expect January’s payrolls may have grown by just about 165,000, and there’s a chance that may even be too high. In December, 312,000 payrolls were created and the unemployment rate was 3.9 percent. According to Reuters, the unemployment rate is expected to hold at 3.9 percent and average
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David Paul Morris | Bloomberg | Getty Images Andy Jassy, chief executive officer of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. Amazon’s cloud-computing division said revenue jumped 45 percent in the fourth quarter, as the company continued to cement
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Amazon‘s fourth-quarter results beat estimates, but weak guidance and general concerns about slowing growth and heavier investments in 2019 dragged the stock down in after hours trading. Here are the most important numbers: EPS: $6.04 vs. $5.68 estimated, according to Refinitiv Revenue: $72.4 billion vs. $71.9 billion estimated, according to Refinitiv AWS: $7.43 billion vs.
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Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018.  The last two times Amazon has reported quarterly results, revenue has fallen short of expectations. Now investors are facing the prospects
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Kristoffer Tripplaar | AP Celgene Corporation in San Diego, California Celgene, which is being bought by Bristol-Myers Squibb, reported a better-than-expected fourth-quarter profit on Thursday, driven mainly by higher sales of psoriasis drug Otezla. Bristol-Myers agreed to buy Celgene for about $74 billion earlier this month, a deal that will expand its pipeline of cancer
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Marlboro-maker Altria on Thursday reported fourth-quarter financial results that matched analyst expectations and gave investors more insight on its new e-cigarette and marijuana investments as its core cigarette business shrinks. Altria in Decemberinvested $1.8 billion for a 45 percent stake in Canadian cannabis company Cronos and $12.8 billion for a 35 percent stake in e-cigarette
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EPS: 17 cents a share vs. 22 cents a share expected, according to analysts surveyed by Refinitiv. Revenue: $33.28 billion vs. $32.6 billion expected, according to analysts surveyed by Refinitiv. GE shares were up 2 percent in premarket trading before the results. Investors will be looking for numerous points of clarity on GE’s accounting, as
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Ford Motor Co.: “They better get it better, because oh, boy, has it been nasty. They’re promising me a better 2019. This is what I call a show-me stock.” First Majestic Silver Corp.: “Silver’s trading up with gold. I prefer gold. My recommendation is to buy Barrick, not this one, but silver’s going higher.” PepsiCo,
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Shares of Microsoft stock fell as much as 4 percent Wednesday after the company issued its fiscal second-quarter earnings report with slightly lower revenue than expected. Here are the major numbers: Earnings: $1.10 per share, excluding certain items, vs. $1.09 per share as expected by analysts, according to Refinitiv. Revenue: $32.47 billion, vs. $32.51 billion
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The company previously warned its investment in Stories could contribute to slowing revenue growth during the second half of 2019. Third-quarter revenue grew by 32.9 percent year over year, breaking a 12-quarter streak of growth rates above 40 percent. Revenue for the December quarter of $16.91 billion marks a year-over-year growth rate of 30.4 percent.
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Investors have been paying close attention to how profitable Tesla’s cars are, particularly the Model 3 sedan. The federal tax credit on every Tesla vehicle sold was cut in half to $3,750 at the beginning of the year, after Tesla sold its allotted 200,000 units that qualified for the full credit. “That 360,000 to 400,000
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The strategic push comes amidst a broad shake-up in the private jet market. New apps have made it easier to book flights on-demand, while a glut of planes and competitors are all vying for a dominant share. VistaJet last year acquired XOJET, the on-demand charter company, while Directional Aviation bought U.K.-based PrivateFly, a digital booking
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