• DowDuPont stock dives as billions wiped away in impairment charge October 18, 2018
    DowDuPont Inc. announced Thursday afternoon that it is taking a massive $4.6 billion impairment charge, sending shares down more than 6% in late trading. In a filing with the Securities and Exchange Commission, the company said it plans to take the charge for the quarter ended Sept. 30 based on fair value assessments made at the time of the merger, which Dow […]
  • Micron to buy out Intel's share in flash memory joint venture for $1.5 billion October 18, 2018
    Micron Technology Inc. said late Thursday it plans to buy out Intel Corp.'s share of a flash memory joint venture between the two chip makers. Micron expects to pay Intel $1.5 billion for its stake of the IM Flash joint venture. Micron expects to close the deal in six to 12 months after it is able to exercise call options on Jan. 1. As recently as July, […]
  • Celanese shares rise on earnings beat, raised guidance October 18, 2018
    Celanese Corp. shares rose nearly 7% in the extended session after the specialty materials company reported earnings above expectations and raised guidance for the year. Celanese said it earned $402 million, or $3 a share, in the quarter, compared with $228 million, or $1.68 a share, in the year-ago period. Sales rose 13% to $1.8 billion. Analysts polled by […]
  • CFTC says it brings first anti-fraud bitcoin action October 18, 2018
    A federal court in New York ordered Gelfman Blueprint Inc. and its Chief Executive Officer Nicholas Gelfman to pay $2.5 million is what is the first anti-fraud enforcement action involving bitcoin filed by the Commodity Futures Trading Commission, a CFTC press release said Thursday. The court orders said that between 2014 and Jan. 2016, Gelfman swindled more […]
  • Apple, VMware added to 'best ideas' list at Wedbush October 18, 2018
    Wedbush on Thursday afternoon added Apple Inc. , VMware Inc. and Qualys Inc. shares to the firm's "best ideas" list. Analyst Daniel Ives wrote that he sees upside to 2019 iPhone shipment estimates given what he deems to be pent-up demand for the company's new phones. "Based on our analysis we believe 350 million iPhones are in the […]
  • Intuitive Surgical stock rises after hours on earnings beat October 18, 2018
    Intuitive Surgical Inc. shares rose in the extended session Thursday after the surgical robotics company topped Wall Street estimates for the quarter. Intuitive Surgical shares rose 2.4% after hours, following a 3.8% decline to close the regular session at $522.29. The company reported third-quarter net income of $292.5 million, or $2.45 a share, compared wi […]
  • PayPal reports third-quarter earnings beat, volume miss October 18, 2018
    PayPal Holdings Inc. shares were up 1.7% in after-hours trading Thursday after the company beat third-quarter earnings and revenue expectations but fell short of estimates for total payment volume. PayPal reported net income of $436 million, or 36 cents a share, up from $380 million, or 31 cents a share, a year earlier. The company posted adjusted earnings p […]
  • Atlassian stock drops after earnings show large loss October 18, 2018
    Atlassian Inc. shares dropped more than 6% in late trading Thursday, after the collaboration-software company reported fiscal first-quarter earnings that included a large, unexpected loss. Atlassian said it lost $242.4 million, or $1.03 a share, much higher than a loss of a nickel a share a year ago. Atlassian explained that the loss was largely a result of […]
  • Skechers stock jumps on earnings beat, outlook October 18, 2018
    Skechers USA Inc. shares rallied in the extended session Thursday after the shoe maker's earnings and outlook topped Wall Street estimates. Skechers shares rose 7% after hours, following a 2.1% decline to close the regular session at $26.12. The company reported third-quarter net income of $90.7 million, or 58 cents a share, compared with $92.3 million, […]
  • American Express beats Q3 views, raises full-year guidance October 18, 2018
    Shares of American Express Co. rose 0.7% in the extended session Thursday after the credit card company reported third-quarter earnings above Wall Street expectations and raised its full-year guidance. American Express said it earned $1.65 billion, or $1.88 a share, in the quarter, compared with $1.36 billion in the year-ago period. Revenue rose 9% to $10.14 […]