stumbled in after-hours trading Wednesday, after reporting fiscal third-quarter results that failed to measure up to expectations. lackluster third quarter earnings on Wednesday, sending the stock down nearly 2% during after hours trading. …read more
Source: FULL ARTICLE at Forbes Latest
posted second quarter earnings that beat analysts’ estimates while also raising full-year guidance, sending shares higher in after-hours trading. …read more
Source: FULL ARTICLE at Forbes Latest
‘s Summer X Games, the world’s premier action sports series, moved to Los Angeles in 2003 for its ninth iteration. The series had jumped around the country since its 1995 inception, spending a few years each in Rhode Island, San Diego, San Francisco and Philadelphia. But in LA, the X Games found a permanent home, one the series would return to each summer for the next decade. …read more
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By Agustino Fontevecchia, Forbes Staff
agreed to pay $410 million to settle charges with the Federal Energy Regulatory Commission (FERC) for manipulating electricity prices in the same markets Enron used to play its dirty tricks. Under the supervision of Wall Street power woman Blythe Masters, who was reportedly under scrutiny but escaped sanction, a unit inherited by Bear Sterns designed bidding strategies to trick electronic systems and obtain massive compensation payments sometimes doubling market prices in California and Michigan. …read more
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is moving into mobile games publishing, the company announced today. …read more
Source: FULL ARTICLE at Forbes Latest
just posted earnings that easily beat analysts’ estimates. We’re live blogging the conference call with analysts. …read more
Source: FULL ARTICLE at Forbes Latest
By Agustino Fontevecchia, Forbes Staff
derived revenue growth from Macau and earnings power from Singapore in the second quarter. Delivering a profit beat, the company run by billionaire Sheldon Adelson failed to top bottom-line expectations, and saw declining revenue in its Las Vegas operations, sending the stock down in post-market trading on Wednesday. …read more
Source: FULL ARTICLE at Forbes Latest
posted second quarter earnings that beat analysts’ estimates, sendings shares up sharply in after-hours trading. …read more
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By Steve Schaefer, Forbes Staff
was set for a fast start to Wednesday’s trading session, after the automaker recorded a $2.6 billion second-quarter profit. …read more
Source: FULL ARTICLE at Forbes Latest
10-cent soda, 25-cent chicken leg, and 40-cent burger—these are the secret weapons with which Hua Lai Shi Catering Management and Services, a Chinese fast food business, initially gained its foothold in the KFC and McDonald’s-dominated industry in China. Beginning with one eatery in Fuzhou, Fujian Province in 2001, Hua Lai Shi has snowballed into a national chain with 3,000 outlets in 96 cities, placing them among the largest fast-food chains based in Asia. It has expanded at a speed of one new store every three days, on par with that of McDonald’s and fellow domestic chain Dico’s, according to a January report by Ibis World Market Research. …read more
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By Steve Schaefer, Forbes Staff
‘s first-quarter profit was cut nearly in half from a year ago, due chiefly to sharp inventory declines at customers and dealers as the global economy slowed, falling well short of expectations.
is in the process of distributing its newest product, Glass, to a few thousand early-adopting “Explorers.” Glass is a wearable technology that brings all the things you do on your smartphone — such as surfing the Internet, making phone calls, texting, mapping out directions, watching XXX videos, etc. — directly to a spot right in front of your eye, thanks to voice-controlled glasses with a tiny screen, camera and microphone. The early users, who Google has dubbed “Glass Explorers,” are developers who want to create apps for the product and winners of an #IfIHadGlass contest that the company ran on Twitter and Plus. They all have to pay $1500 for the product, for the privilege of being the first “Glassholes,” and for the opportunity to tell Google how to improve the device.
By Steve Schaefer, Forbes Staff
reported lighter sales and slightly lower operating income from a year ago, citing tougher comparisons in part driven by an extra day in 2012 due to a leap year.
By Steve Schaefer, Forbes Staff
was in the red Friday morning, despite earnings and revenue that were in line with the Street’s expectations.
From: http://www.forbes.com/sites/steveschaefer/2013/04/19/ge-drops-after-immelt-cites-europe-weakness/
By Steve Schaefer, Forbes Staff
shares were rallying Thursday evening after the software firm’s quarterly results provided a respite from worries spurred by recent reports trumpeting the decline of the PC market.
By Steve Schaefer, Forbes Staff
‘s first-quarter profits were up from a year ago, but fell a nickel short of expectations on a per-share basis and the stock was slammed in after-hours trading.
By Connie Guglielmo, Forbes Staff
reported first-quarter profit that topped analysts’ estimates, sending the shares up in late trading.
By Steve Schaefer, Forbes Staff
narrowly topped profit expectations Thursday morning, but revenue was a bit lighter than expected.
From: http://www.forbes.com/sites/steveschaefer/2013/04/18/record-wireless-margins-boost-verizon-profits/
By Steve Schaefer, Forbes Staff
was in the red before the bell Thursday, despite first-quarter earnings that reversed a year-ago loss.
By Steve Schaefer, Forbes Staff
recorded net income of $2.6 billion in the first quarter, significantly above last year’s $653 million, on $23.7 billion in revenue. Earnings of 20 cents per share were short of estimates.
