Stock News

PepsiCo Inc.’s share price down, posts upbeat Q2 earnings as snack and beverage volumes rise

PepsiCo Inc. made a statement today, posting a slight increase in its earnings during the second quarter of the current fiscal year as the company managed to increase its snacks and beverages businesses volumes by 1%. The companys quarterly earnings report was posted only a day after its major competitor Coca-Cola Co. reported a 3% […] Read more

Microsoft Corp.’s share price down, says its fourth-quarter profit was hurt by the acquisition of Nokia handset unit

Microsoft Corp. made an official statement yesterday, revealing that its profit for the fiscal fourth quarter was negatively affected by the acquisition of the mobile unit of Nokia Oyj. However, the company also shared that it benefited from the increasing corporate demand for computers and software delivered online. One of the analysts, who work at […] Read more

The Coca-Cola Co.’s share price down, posts second-quarter revenue that misses analysts estimates

The Coca-Cola Co. made an official statement yesterday, posting its results for the second fiscal quarter of 2014 that missed analysts estimates due to decreased demand for some of its drinks in North America, such as Diet Coke and juice. One of the analysts, who work at Morgan Stanley – Ms. Dara Mohsenian commented on […] Read more

Comcast Corp.’s share price up, posts a 15% annual profit increase in Q2

Comcast Corp., the biggest US cable operator by number of subscribers, revealed that its profit grew over the second financial quarter, with its high-speed internet service leading the rally. According to the companys statement, Comcasts adjusted profit excluding gains on sales and acquisition-related items amounted to $1.99 billion, or 75 cents per share, up from […] Read more

Verizon Communications Inc.’s share price up, posts an 88% rise in profit due to improved customers gains

The biggest wireless carrier in the U.S. – Verizon Communications Inc. made an official statement today, posting its results over the second financial quarter. The company shared that its profit jumped by 88% over the period, outstripping the median analysts forecast due to improved customers gains. Mr. Lowell McAdam, who is the Chairman and Chief […] Read more

Credit Suisse Group AG’s share price down, intends to exit commodities trading, after posting its biggest quarterly loss since 2008

Credit Suisse Group AG announced that it intends to abandon commodities trading because it recently posted its largest quarterly loss since 2008 due to a 2.6-billion-dollar fine that was imposed on the bank as a settlement of a U.S. tax investigation. Credit Suisse Group AG also shared that its net loss over the second financial […] Read more

ARM Holdings Plc’ share price up, projects improved second half results amid recovery in the smartphone market

The chip designer ARM Holdings Plc announced that it projects its royalty revenue growth to accelerate again during the second half of the year amid recovery in the smartphone market. The companys shares jumped as much as 5%, marking the biggest intraday advance since April 17. As reported by Reuters, the company said in its […] Read more

Time Warner Inc.’s share price up, changes bylaws to fend off takeover bid from 21st Century Fox

The board of Time Warner Inc., which last week fended off a $73 billion acquisition offer from 21st Century Fox Inc., reasserted the firm stand against the unwanted takeover bid by changing its bylaws, disallowing shareholders to call special meetings. The companys board has made the decision to block the rule that provided Time Warner […] Read more

Netflix Inc.’s share price up, doubles its earnings in Q2, projects rising costs in next quarter

Netflix Inc. made a statement yesterday, revealing that its customer gains over the second financial quarter surpassed its own projection by reaching more than 50 million users globally. The company also announced that its earnings over the second three months of the fiscal year more than doubled, as it added 1.7 million subscribers worldwide. However, […] Read more