Category: Business

Uber, the Worst Performing IPO in U.S. Stock Market History
11. 5. 2019 No Responses

Uber, the Worst Performing IPO in U.S. Stock Market History

Rideshare Wall Street darling Uber raised close to $25 billion. When it loses big money – and it does every single quarter – it loses it at stratospheric burn rates. It finally debuted on the New York Stock Exchange (NYSE)...
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Chesapeake Energy Misses Earnings and Revenue Estimates
8. 5. 2019 No Responses

Chesapeake Energy Misses Earnings and Revenue Estimates

Chesapeake Energy (symbol: CHK) came out with quarterly earnings of $0.14 per share, missing the consensus estimate of $0.15 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items. This...
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ArcelorMittal conspired to suppress vital facts to acquire Essar Steel
7. 5. 2019 No Responses

ArcelorMittal conspired to suppress vital facts to acquire Essar Steel

Prashant Ruia wants ArcelorMittal bid for Essar Steel rejected, cites LN Mittal’s link with brothers’ bankrupt cos. ESAHL alleges that Lakshmi Mittal’s association with loan-defaulting firms of his brother makes him ineligible to participate ...
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Royal Caribbean beats analysts estimates and improves outlook
1. 5. 2019 No Responses

Royal Caribbean beats analysts estimates and improves outlook

Royal Caribbean has surpassed analysts’ estimates and increases future earnings outlook based on the large number of bookings, higher tours and higher passenger spending aboard their cruise ships. Royal Caribbean Cruises Ltd. (Symbol: RCL) reported impre...
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Airbus beats estimates
30. 4. 2019 No Responses

Airbus beats estimates

Aerospace and defense giant Airbus boosted operating profit thanks to commercial aircraft. The European aviation manufacturer Airbus increased its net operating profit to EUR 549 million from EUR 14 million in the same period last year. This was due mainly to...
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Ford reports profit growth of 12% due to good sales of SUVs
26. 4. 2019 No Responses

Ford reports profit growth of 12% due to good sales of SUVs

Operating profit of Ford Motor Co. in the first quarter it grew by 12%, with overseas overseas losses and strong profits thanks to very good domestic sales of trucks and SUVs. A year ago, Ford shocked motorists, investors, and dealers...
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Harley-Davidson downgraded to sell from neutral at Goldman Sachs
25. 4. 2019 No Responses

Harley-Davidson downgraded to sell from neutral at Goldman Sachs

Harley-Davidson, a well-known manufacturer of extremely heavy motorcycles, announced that declining demand, higher US tariffs for raw materials and European motorcycle taxes have hit his revenue. How did Harley-Davidson compare to what Wall Street expected: Ad...
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Boeing Reports 21% Drop in Earnings and Suspension of Share Buybacks
24. 4. 2019 No Responses

Boeing Reports 21% Drop in Earnings and Suspension of Share Buybacks

Investors were expecting a disastrous quarter from Boeing and they were not disappointed. Boeing, the world’s largest aircraft manufacturer, net profit fell 21% in the first quarter. The worsening of economic results is largely due to the crisis around t...
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Verizon Raises Profit Forecast, Loses More Wireless Phone Customers
23. 4. 2019 No Responses

Verizon Raises Profit Forecast, Loses More Wireless Phone Customers

Verizon Communications Inc today raised its 2019 profit forecast and beat Wall Street estimates for quarterly profit as it focuses on cost cuts and manage monstrous debt, but the U.S. based wireless carrier lost more phone subscribers than analysts had...
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Lockheed Martin, United Technologies Beat Analysts’ Expectations
23. 4. 2019 No Responses

Lockheed Martin, United Technologies Beat Analysts’ Expectations

The aerospace giant Lockheed Martin shares have improved by 6% after quarterly results have been released, surpassing analysts’ expectations. Lockheed Martin posted first quarter earnings of $5.99 per share, up 49% y/y. Lockheed Martin also updates the 2...
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Halliburton Beat Analysts’ Expectations, Future Doomed Because New Tech
23. 4. 2019 No Responses

Halliburton Beat Analysts’ Expectations, Future Doomed Because New Tech

Halliburton Co. (ticker:  HAL) showed a year-on-year increase in net profit for the first quarter, but adjusted earnings fell as expected. Net income rose to $152 million, or 17 cents a share, from $46 million, or 5 cents a share,...
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EV Hype Escalates Into an Absurd Price Bubble
20. 4. 2019 No Responses

EV Hype Escalates Into an Absurd Price Bubble

Electric rebuild of Ford Bronco revealed with shocking price. Not built just by Ford, which has an all-new version on the production line next year, but assembled by Zero Labs, a startup niche builder based in Los Angeles that’s turned the...
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IPO Mania Sent Uber and Lyft Fares Skyrocketing, While Driver Pay Plummets
19. 4. 2019 No Responses

IPO Mania Sent Uber and Lyft Fares Skyrocketing, While Driver Pay Plummets

As Uber and Lyft look to IPOs to let their investors, who have been subsidizing 40-50% of every ride, redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and...
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The National Enquirer sold for $100 million to James Cohen
18. 4. 2019 No Responses

The National Enquirer sold for $100 million to James Cohen

American Media Inc. sold the National Enquirer for $100 million to James Cohen, CEO of Hudson News. The notorious tabloid, along with two sister periodics, has a new owner – the head of the travel retailer known for its airport newsstands....
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New York Auto Show: Hyundai New Sonata and Venue Debuting Today
17. 4. 2019 No Responses

New York Auto Show: Hyundai New Sonata and Venue Debuting Today

2020 Hyundai Sonata marks another selling hit for the Korean automaker. It’s a striking design that stands out as one of the most attractive in its segment. It’s one of the best looking mainstream sedans to reach production since the...
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