Groupon swings to Q3 profit, raises FY17 profit view

Last week, the online daily deal service provider Groupon, Inc. (NASDAQ: GRPN) reported a swing to profit in the fiscal 2017 third-quarter. The company’s earnings also met analysts’ estimates. However, the revenue missed the Wall Street estimates. Still, on the

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Nokia sees poor demand for telecom equipment in FY18

Due to technology transition, heavy competition from China, and operator consolidation in some countries, the erstwhile mobile handset manufacturer, Nokia Corp (NYSE: NOK) reported a 7% y-o-y decline in the fiscal 2017 third quarter revenue. The non-IFRS operating profit of

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Microsoft beats Q1 2018 analysts view, Azure revenues up 90%

After posting another quarter of exceptional results, the stock of Microsoft Corporation (NASDAQ: MSFT) opened with a positive technical gap of about 4% to trade at $83 levels on October 27. For the past one week, the stock is consolidating

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Boeing’s Q3 earnings decline 19%, raises FY17 EPS view

Aircraft manufacturer Boeing Company (NYSE: BA) reported better-than- anticipated fiscal 2017 third-quarter results last week. The company also raised its fiscal 2017 GAAP and non-GAAP earnings per share outlook. However, the stock remains suppressed. Firstly, the order backlog has declined

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Wealth Management bolsters Morgan Stanley’s Q3 earnings

Aided by a 9% growth in wealth management revenue, Morgan Stanley (NYSE: MS) reported fiscal 2017 third-quarter results that crushed analysts’ estimates. The stock, which closed at $50.68 on Friday, is up nearly 17% since January and 45% after the

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JPMorgan Chase beat Q3 2017 estimate, trading revenue dips 27%

Global investment banking and finance services provider JPMorgan Chase & Co. (NYSE: JPM) reported a better than anticipated fiscal 2017 third-quarter earnings and revenue on last Thursday. However, the stock continued to stay flat due to a 27% decline in

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Citi fined $550,000 by CFTC over improper LEI reporting

The stock of global banking and financial institution Citigroup Inc (NYSE: C) had a tremendous run up in September. The stock, which closed at $73.80 yesterday, had gained about 12% in a month. The hawkish stance of the Fed and

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Orders raining for Boeing, Deutsche bank upgrades PT

Last week, the stock of Boeing Co (NYSE: BA) gained about $10 to record a new yearly high of $256.69. The company has received a series of large orders, including the one from the US government, in September. That was

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Baidu, AMD sign agreement to advance GPU computing

After reporting a 83% y-o-y increase in Q2 net income, the stock of Baidu Inc (NASDAQ: BIDU) has rocketed by about 20% to record a yearly high of $239 last week. A decline in general and traffic acquisition costs enabled

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Alibaba upgraded by analysts on strong Q1 2018 results

The stock of e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) recorded a new yearly high of $177, after the company crushed fiscal 2018 first-quarter analysts’ estimates by a huge margin. Impressive growth in cloud and digital entertainment, and continued

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