Boeing beats Q1 2017 EPS estimates, raises FY17 view

In the final week of April, the world’s biggest aircraft manufacturer Boeing Co (NYSE: BA) reported better than anticipated fiscal 2017 first-quarter earnings and revenue. However, profit booking took a toll on the share price, which fell from a 12-month high

Read More

Disney turns weak on missing Q2 2017 rev. estimate

The stock of diversified media and entertainment company Walt Disney (NYSE: DIS) plunged about 6% to $109.05 last week, after the company reported fiscal 2017 second-quarter revenue that missed analysts’ estimates. The earnings, however, beat the Wall Street expectations by

Read More

AIG UP on Q1 2017 earnings beat, additional share buyback

The stock of multi-national insurance company American International Group Inc. (NYSE: AIG) had appreciated by nearly 8% to about $63 in the past ten days. Expectations of good performance in the March quarter had pushed the price upwards and the

Read More

Barclays signal downtrend on Q1 2017 decline in net profit

The British lender Barclays Plc (NYSE: BCS) reported better than anticipated fiscal 2017 first-quarter profit after tax, compared to last year. Following the announcement of results, the stock rallied around 7% to record a high of about $11.80. However, profit

Read More

IBM misses Q1-2017 rev. outlook, issues soft FY17 EPS view

Information technology giant International Business Machines (NYSE: IBM) reported a decline in the fiscal 2017 first-quarter revenues, compared with the corresponding quarter last year. The company also missed the Wall Street’s revenue estimates. However, the cloud service provider reported quarterly

Read More

VW offers 6-yr warranty to gain US customers trust

Last month, automobile manufacturer Volkswagen AG (OTC: VLKAF) pleaded guilty of fraud in the diesel emission scandal. The German company also offered to settle disputes with car owners and environmental agencies by setting aside $25 billion for compensation. On the

Read More

Samsung UP on issuing strong Q1-2017 earnings guidance

Amidst the corruption scandal, white goods and semiconductor chip manufacturer Samsung Electronics Co L (LSE: SMSN) issued a strong first-quarter 2017 earnings and revenue guidance on Friday last week. Ironically, since then, the stock has declined marginally to close at

Read More

GE completes divestment of financial arm

General Electric (NYSE: GE), the largest manufacturing company in the US, reported fiscal 2016 fourth-quarter earnings of $3.49 billion or $0.39 per share on revenues of $33.1 billion, compared with $6.28 billion or $0.64 per share on revenues of $33.9

Read More

Ford turns bearish on poor Q1-2017 earnings outlook

Automobile manufacturer, Ford Motor Company (NYSE: F) issued a gloomy fiscal 2017 first-quarter outlook last week. Following the announcement, the stock has so far lost about 6% of its value to close at $11.46 on Monday. As explained below, the

Read More

Intel acquires Mobileye for $15.3 billion

Last week, chip maker Intel Corporation (NASDAQ: INTC) announced its decision to acquire an Israel-based company Mobileye, a self-driving car data provider. Considering the growth prospects, which is detailed below, we forecast an uptrend in the stock price in the

Read More