Nvidia stock rallies on forecast, but analysts aren’t so sure about it

After the most gloomy period of Nvidia Corp.’s recent history, the company promised a big rebound is on the way in a Thursday earnings report. Analysts, though, aren’t so sure. The company’s outlook for the full year looks “aspirational” and “extremely challenging,” according to Susquehanna’s Christopher Rolland, as it assumes the company can grow sequential revenue by an average of […]

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Newell Brands’ sales miss estimates

Newell Brands Inc. missed sales expectations in its latest quarter and forecast a lower-than-estimated outlook for the year despite the consumer-goods conglomerate reporting that one of its business segments returned to growth. The maker of Rubbermaid containers, Sharpie markers, and Elmer’s glue on Friday said core sales from continuing operations, which excludes the impacts from divestitures and currency fluctuations, fell […]

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Google’s Waymo holds on to its driverless-car lead

Alphabet Inc.’s Waymo kept its lead in driverless cars in California, but General Motors Co.’s Cruise and startups, such as Zoox Inc., are closing the gap. California’s DMV this week released 2018 data on its autonomous-car permit holders and the miles they have driven, saying AVs with a “safety driver,” or those ready to intervene as needed in a test […]

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CenturyLink’s stock plummets to 2-decade low after dividend chopped in half

Shares of CenturyLink Inc. plummeted Thursday to the lowest levels seen since the late-1990s, after the communications services company slashed its dividend by more than half, prompting a number of Wall Street analysts to cut their ratings and price targets. The Louisiana-based company reported late Wednesday a fourth-quarter adjusted profit that rose above Wall Street forecasts, while revenue fell slightly […]

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Cisco shows ‘fundamental resiliency’ as stock climbs after earnings

Cisco Systems Inc. is eliciting cheers from analysts on Thursday, after the company quelled doubts with its latest earnings report. The networking giant beat expectations with its January-quarter results on Wednesday afternoon, and its chief executive shrugged off some of the macroeconomic concerns that had been worrying investors going into the report. Shares are up 2.6% in midday trading. Don’t […]

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NN Group swings to loss, will launch buybacks

NN Group NV (NN.AE) said Thursday that it will launch a share buyback program of up to 500 million euros ($565.2 million), as it swung to a net loss in the fourth quarter of 2018 due to an impairment. The Dutch insurance asset-management company said the 12-month buyback program is anticipated to start in March. NN slid to a net […]

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Global Payments CEO says earnings highlight ‘competitive moat’ of tech offerings

Global Payments Inc. shares are up more than 4% in midday trading Wednesday, after the financial-technology company beat expectations on the bottom line and increased its share buyback program. The company posted a “clean” quarter, according to Buckingham Research analyst Chris Brendler, and saw strong showings from some of its recent acquisitions. Global Payments GPN, +4.36% said that bookings for AdvancedMD, […]

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Dish Networks tumbles on subscriber loss, HBO woes; Cisco outlook in focus

Dish Network Corp. shares were tumbling on Wednesday after the satellite-television company posted a quarter that made one analyst think its financials are in “free fall.” The company suffered a net loss of about 334,000 pay-TV subscribers in the December period, partly due to an HBO blackout. That’s not Dish’s DISH, -5.98% only problem, however. Without HBO and Univision on its […]

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U.S.-China trade war has hurt sectors as diverse as American whiskey and appliances

The trade war hurt U.S. whiskey exports, putting a damper on an otherwise upbeat 2018, according to data from the Distilled Spirits Council. “Globally during the first six months of 2018, U.S. exports of American whiskeys were growing at 28% (Jan-Jun: $595 million),” the Council wrote. “Following the imposition of the retaliatory tariffs, these exports decreased 8.2 % (Jul-Nov: $526 […]

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