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Anheuser-Busch Crashes to a Six-year Low After Reporting Q3 Results

By Editor / November 1, 2018 / 0 Comments

Shares of American brewing company Anheuser-Busch were plummeting after the company reported third quarter results and declared that it would cut its dividend by 50%. Shares sank to a six-year low on the report. The world’s biggest brewer reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86. Revenue of $13.28…

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Tesla Earnings Were so Good.. Here’s what Some Experts Had to Say About Them

By Editor / November 1, 2018 / 0 Comments

Electric vehicle maker Tesla was seeing big gains after reporting earnings that revealed it was the company’s most profitable quarter ever in its history. Tesla shares had gained over 12% after the company reported the surprise profit in the third quarter. According to CEO Elon Musk, it was an “incredibly historic quarter.” He also said,…

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Netflix Issues Impressive Guidance and Stellar Q3 Financial Results

By Editor / October 22, 2018 / 0 Comments

Netflix reported third quarter financial results that thrilled Wall Street. The e-streaming giant beat on earnings and came inline on revenues. For the quarter, earnings per share at 89 cents was higher than the 68 cents that was expected by a Refinitiv consensus estimate. Net income soared to $402.8 million, or 89 cents per share,…

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Big Box Retailer Walmart Has Cut its 2019 Outlook for This Reason

By Editor / October 22, 2018 / 0 Comments

Walmart has slashed its 2019 earnings forecast citing the impact of its acquisition of Flipkart, an Indian e-commerce company. Walmart purchased a 77 percent stake in Flipkart for $16 billion this past May. The acquisition was the biggest on record for Walmart in its history. The retailer has warned that e-commerce growth won’t be as…

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Sears Declares Bankruptcy and CEO Steps Down

By Editor / October 22, 2018 / 0 Comments

Struggling department store retailer Sears has announced that it has declared bankruptcy and that it is closing over 140 stores. The 125-year old company filed for Chapter 11 bankruptcy protection and said that 142 Sears and Kmart stores would be closing. The liquidation sales at the locations will start immediately. It was in January that…

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