Month: January 2019

Wall Street’s relative disappointment with PayPal’s fourth-quarter earnings report — with the exception of the almost-profitable Venmo — may have stemmed from the company’s forward guidance, CFO John Rainey told CNBC on Thursday. In an exclusive “Mad Money” interview after PayPal’s report, Rainey emphasized that management was “really pleased” with the fourth-quarter results, highlighting the
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“We are getting more and more creative around getting efficiency up and getting our cost of acquisition down,” Amazon’s chief financial officer, Brian Olsavsky, told analysts on the company’s quarterly earnings call on Thursday. AWS beat Microsoft and Google to the market for cloud infrastructure, which companies use to outsource their computing and data storage
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Jim Watson | AFP | Getty Images Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. Amazon is reporting its all-important fourth-quarter earnings on Thursday after the bell. The fourth-quarter is typically the largest
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The last two times Amazon has reported quarterly results, revenue fell short of expectations. Now, investors are facing the prospects of slowing growth at the e-commerce giant. Amazon is scheduled to announce fourth-quarter earnings after the closing bell on Thursday. Analysts surveyed by Refinitiv expect the company to report revenue growth of 18.8 percent from
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Kristoffer Tripplaar | AP Celgene Corporation in San Diego, California Celgene, which is being bought by Bristol-Myers Squibb, reported a better-than-expected fourth-quarter profit on Thursday, driven mainly by higher sales of psoriasis drug Otezla. Bristol-Myers agreed to buy Celgene for about $74 billion earlier this month, a deal that will expand its pipeline of cancer
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Marlboro-maker Altria on Thursday reported fourth-quarter financial results that matched analyst expectations and gave investors more insight on its new e-cigarette and marijuana investments as its core cigarette business shrinks. Altria in Decemberinvested $1.8 billion for a 45 percent stake in Canadian cannabis company Cronos and $12.8 billion for a 35 percent stake in e-cigarette
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General Electric shares surged Thursday after the conglomerate posted better-than-expected revenue, as strong aviation results in the fourth quarter overshadowed lingering problems in the GE Capital and power businesses. CEO Larry Culp said that industrial revenue would be up “low-to-mid single digits” in 2019. He added the company’s power business sees a “flat to slightly
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Ford Motor Co.: “They better get it better, because oh, boy, has it been nasty. They’re promising me a better 2019. This is what I call a show-me stock.” First Majestic Silver Corp.: “Silver’s trading up with gold. I prefer gold. My recommendation is to buy Barrick, not this one, but silver’s going higher.” PepsiCo,
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