Barclays swings to Q2 loss on African stake sale

A totally unexpected charge of £700 million related to mis-selling of payment protection insurance (PPI) and a loss from the sale of African business caused the London-based Barclays Plc (NYSE: BCS) to swing to a loss in the fiscal 2017

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Twitter beats Q2 2017 estimates, MAU growth remains flat

Social media platform Twitter Inc (NYSE: TWTR) reported better than anticipated fiscal 2017 second-quarter results in the last week of July. However, the stock has fallen by more than 10% to about $16 in the past two weeks. The flat

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F5 Networks meets Q3 EPS view, issues weak Q4 outlook

The stock of internet traffic managing software provider F5 Networks, Inc (NASDAQ: FFIV) has lost more than 10% in the past two weeks to trade at about $119. Analysts attribute the decline to the lower than anticipated fiscal 2017 third-quarter

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GM turns bearish on concerns of US market slowdown

Last week, General Motors Company (NYSE: GM) reported a better than anticipated fiscal 2017 second-quarter earnings. However, the revenues fell short of estimates. Additionally, the second-quarter net income was 40% lower compared to last year. The company is also facing

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JnJ beats Q2 2017 EPS estimates, raises FY17 outlook

Aided by a 4.4% increase in global sales, the medical devices & pharmaceutical company Johnson & Johnson (NYSE: JNJ) reported a better than anticipated fiscal 2017 second-quarter earnings. However, the revenue came below the Wall Street estimates. Thus, the stock

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Infosys beats Q1 estimates, raises FY18 growth view

On the last day of June, India’s second largest software technology company Infosys Ltd (NYSE: INFY) reported its results for the first-quarter ended June. At a time when Gartner has cautioned a decline in software spending across the globe, Infy

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Wells Fargo faces investigation over mortgage practices

Barely three months before, Wells Fargo & Company (NYSE: WFC) agreed to pay $110 million to settle the lawsuit related to unauthorized accounts scandal. However, the stock did not decline much due to the Trump rally and the US Fed

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Intel to lose dominance in server chip market

The stock of the chip maker Intel Corporation (NASDAQ: INTC) has lost about 10% so far in June and currently trades at $34 levels. The stock started declining after Goldman Sachs warned investors from relying too much on FANG stocks.

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Walmart turns weak as Amazon enters grocery business

The world’s largest retailer by revenue, Wal-Mart Stores (NYSE: WMT), saw its stock fall by 4.65% to $75.24 last Friday. The acquisition of organic food retailer Whole Foods Market (NASDAQ: WFM) by Amazon (NASDAQ: AMZN) paved way for the decline

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Vivendi’s Q1 2017 adj. income up 57.2%, acquires Havas

Last month, media, content provider Vivendi SA (OTC: VIVHY) reported a 88.3% decline in the fiscal 2017 first-quarter earnings, compared with the corresponding quarter of 2016. Still, the stock price has so far managed to rally about 10% to close

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