(Reuters) – AT&T Inc on Wednesday missed fourth-quarter Wall Street estimates for net new wireless subscribers who pay a monthly bill, as the company struggled to attract customers in a saturated U.S. phone market. Continue Reading Below The second-largest U.S. wireless carrier by subscribers faces competition from companies such as […]
FOX Business News
Anthem’s Medicare boom overshadows loss in Obamacare markets
A surge in new enrollees in Anthem’s Medicare business helped overcome declines in its commercial insurance sector to spur higher-than-expected profits in the fourth quarter. Continue Reading Below Profits at the Indianapolis-based company in the three months through December were down 66 percent to $424 million, or $1.61 per share. Adjusted for […]
Ebay to pay first-ever dividend
Ebay said Tuesday it would pay a 14-cent dividend in March, its first ever. Continue Reading Below The move comes as the company faced pressure from hedge-fund investors to boost shareholder returns. Ebay also added $4 billion to its buyback program. Its authorization was $3.2 billion on Dec. 31. The dividend, […]
Apple rises on earnings, revenue beat despite iPhone, China concerns
Apple shares rose slightly in after-hours trading on Tuesday after the embattled iPhone maker matched expectations for first-quarter earnings and revenue, but fell short on iPhone sales. Continue Reading Below The Cupertino, California-based company reported earnings per share of $4.18, roughly in line with the $4.17 expected by analysts polled […]
GameStop bails on search for buyer, shares tumble
The world’s largest video game maker just gave up on trying to sell itself. Continue Reading Below On Tuesday, GameStop announced that its board of directors has “concluded” its efforts to pursue a sale of the company due to the lack of available financing on “terms that would be commercially […]
Stocks gain, shaking off trade concerns
Stocks are trading higher on Tuesday following mixed earnings results. Continue Reading Below Xerox shares are rising in premarket trading after beating profit estimates, while shares of Pfizer and Harley-Davidson fell. MORE FROM FOXBUSINESS.COM In a potential setback to the progress in U.S-China trade talks, the U.S. Justice Department brought […]
Stocks trade mixed on earnings, trade concerns
Stocks are trading mixed on Tuesday following earnings results. Continue Reading Below Xerox shares rose after beating profit estimates, while shares of Harley-Davidson fell. Pfizer stock edged higher. MORE FROM FOXBUSINESS.COM In a potential setback to the progress in U.S-China trade talks, the U.S. Justice Department brought charges against China’s telecom giant […]
Pfizer full-year revenue forecast misses estimates
(Reuters) – Pfizer Inc forecast full-year revenue below estimates, after reporting a 2 percent rise in quarterly revenue. Continue Reading Below The company expects revenue of $52 billion to $54 billion, compared with the average analyst estimate of $54.25 billion. MORE FROM FOXBUSINESS.COM Revenue rose to $13.98 billion from $13.703 […]
Super Bowl market curse? Why investors should root for Rams over Patriots, Tom Brady
Investors have good reason to root for the Los Angeles Rams to defeat the New England Patriots in this year’s Super Bowl LIII on Sunday, based on historical market data outlined by LPL Research. Continue Reading Below Through the first 52 Super Bowls, the S&P 500 Index has risen by […]
Philips shifting ‘hundreds of millions’ of production due to trade war
article The trade war between Washington and Beijing is forcing Dutch health technology company Philips to make a move. Continue Reading Below That move involves taking “hundreds of millions” of euros worth of production from the United States to China, and vice versa, to avoid punitive tariffs, according to Reuters. Philips, […]