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Posts by Editor

Square Beats on Top and Bottom Line but Disappoints on Guidance

Payments company Square reported its third quarter financial results revealing a win on both the top and bottom line but a miss on guidance for the fourth quarter. For the upcoming quarter, Square expects to earn between 12 and 13 cents. Analysts were waiting for 15 cents however. TheĀ  San Francisco-based Square, which is run…

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Constellation Brands’ $4 Billion Investment in Canopy Growth Closes

Constellation Brands announcing that it was pouring $4 billion into a Canadian marijuana company called Canopy Growth this past August shocked Wall Street. It was the biggest investment to date in a marijuana company. “Over the past year, we’ve come to better understand the cannabis market, the tremendous growth opportunity it presents, and Canopy’s market-leading…

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Papa John’s Shares Move Higher Despite Lackluster Quarterly Report

Pizza maker Papa John’s announced third quarter results that went as expected, with the company reporting dismal performance. Shares of the company were jumping anyway as a smaller decline in same-store sales as well as the company perhaps being acquired gave traders optimism. Shares of the stock rose almost 6% after the company’s earnings report.…

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Disney Announces Earnings and Names its New Streaming Service

Disney reported its fourth quarter financial report that beat what analysts were expecting. For the quarter the company reported earnings per share of $1.48 versus the $1.34 expected by Wall Street. Revenue also beat easily at $14.31 billion compared to the $13.73 billion expected. Analysts chimed in on what they thought of the company’s earnings…

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