After Snap Inc. shares initially sank in the news of its second-quarter results on Tuesday, they recovered quickly once analysts read the fine print and dug deep into the numbers. Quarterly losses increased, but so did daily active users and revenue, with strong indications that the current quarter is shaping …
Read More »
Text size The future of US stocks fell on Wednesday morning, as Wall Street was concerned about continuing tensions between the US and China, as well as continuing fears about the coronavirus and the cost it has affected. to the economy. On the US-China front, tensions escalated after the US …
Read More »
Shares of International Business Machines Corp. rose on Tuesday after the company beat expectations for the June quarter, but analysts did not give the company too much credit for clearing a low level. Mused Moffett, Nathanson analyst, Lisa Ellis: “We are still working to achieve the correct semantics: when companies …
Read More »
Chipotle Mexican Grill Inc. may launch digital-only menu items that drive sales, according to UBS analysts. Chipotle CMG, + 2.42% Digital sales increased 81% in the first quarter. The company has focused on improving its online business, such as installing Chipotlanes that enable rapid digital order picking, despite the coronavirus …
Read More »
Text size Microsoft plans to report earnings on Wednesday. Jeenah Moon / Getty Images As Microsoft will report earnings on Wednesday after the close of trading, Wall Street was frantically updating price targets and estimates on Monday to prepare for what could be better-than-expected results. Microsoft’s fourth fiscal quarter should …
Read More »