Futures move higher on US-China trade optimism

U.S. stock index futures were higher Thursday morning with market participants monitoring U.S.-China trade talks. ET, Dow Jones Industrial Average futures rose 83 points, indicating a positive open of more than 51 points. Futures on the S&P and Nasdaq were also seen slightly higher. Investors continue to follow news of the U.S.-China trade talks. Furthermore, the South China Morning Post reported that Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secret


U.S. stock index futures were higher Thursday morning with market participants monitoring U.S.-China trade talks. ET, Dow Jones Industrial Average futures rose 83 points, indicating a positive open of more than 51 points. Futures on the S&P and Nasdaq were also seen slightly higher. Investors continue to follow news of the U.S.-China trade talks. Furthermore, the South China Morning Post reported that Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secret
Futures move higher on US-China trade optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: silvia amaro
Keywords: news, cnbc, companies, higher, optimism, morning, uschina, president, talks, futures, points, expected, market, trade


Futures move higher on US-China trade optimism

U.S. stock index futures were higher Thursday morning with market participants monitoring U.S.-China trade talks.

At around 2:35 a.m. ET, Dow Jones Industrial Average futures rose 83 points, indicating a positive open of more than 51 points. Futures on the S&P and Nasdaq were also seen slightly higher.

Investors continue to follow news of the U.S.-China trade talks. President Donald Trump said Wednesday that talks were “going very well” as both sides look to reach an agreement before an early March deadline. Furthermore, the South China Morning Post reported that Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer. Wall Street closed higher Wednesday.

There is also more earnings due Thursday with Coca-Cola, Canada Goose and Canopy Growth among the major companies expected to report before the opening bell. Nvidia is due to publish earnings after the market close.

There is also a raft of data due later Thursday. Retail sales are expected at 8.30 a.m. ET with jobless claims and core PPI due at the same time.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: silvia amaro
Keywords: news, cnbc, companies, higher, optimism, morning, uschina, president, talks, futures, points, expected, market, trade


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Senate passes a spending bill to prevent another government shutdown, sends it to the House

The Senate passed legislation to avoid another government shutdown Thursday, moving to prevent one crisis even as the fight over President Donald Trump’s proposed border wall escalated. The Senate cleared the bill, which included only about a quarter of the money Trump sought for border barriers, by an 83-16 margin. It will not end the fight over Trump’s proposed border wall, as legal fights over the emergency declaration will likely erupt. It would allocate $1.375 billion for 55 miles of bollar


The Senate passed legislation to avoid another government shutdown Thursday, moving to prevent one crisis even as the fight over President Donald Trump’s proposed border wall escalated. The Senate cleared the bill, which included only about a quarter of the money Trump sought for border barriers, by an 83-16 margin. It will not end the fight over Trump’s proposed border wall, as legal fights over the emergency declaration will likely erupt. It would allocate $1.375 billion for 55 miles of bollar
Senate passes a spending bill to prevent another government shutdown, sends it to the House Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: jacob pramuk, jonathan ernst
Keywords: news, cnbc, companies, wall, billion, sends, senate, expected, money, border, house, shutdown, emergency, trump, spending, passes, prevent, bill, president, legislation


Senate passes a spending bill to prevent another government shutdown, sends it to the House

The Senate passed legislation to avoid another government shutdown Thursday, moving to prevent one crisis even as the fight over President Donald Trump’s proposed border wall escalated.

The Senate cleared the bill, which included only about a quarter of the money Trump sought for border barriers, by an 83-16 margin. The measure now goes to the House for expected approval.

The president plans to sign the proposal and declare a national emergency in an attempt to fund the wall. His expected executive action would in part try to appease conservatives who argued he should oppose the plan because it does not meet his demand for $5.7 billion to construct barriers.

The legislation would keep the government running through Sept. 30. Lawmakers and Trump have until midnight Friday to fund nine departments and prevent the second partial closure since December.

If the proposal becomes law, 800,000 federal workers bludgeoned by the last 35-day shutdown would avoid even more financial pain. It will not end the fight over Trump’s proposed border wall, as legal fights over the emergency declaration will likely erupt.

The president has said he is “not thrilled” with the spending legislation. It would allocate $1.375 billion for 55 miles of bollard fencing, much less than the $5.7 billion Trump wanted for a wall. The proposal also authorizes funds for more border security agents, customs officers, immigration judges and technology to detect drugs and weapons.

Outside of the Department of Homeland Security, it includes provisions such as a 1.9 percent pay raise for federal employees, a $1 billion increase in U.S. Census spending and $17 billion for transportation infrastructure improvements.

Eleven Republicans and five Democrats in the Senate opposed the legislation. Four of the five Democratic senators who voted against it — Cory Booker of New Jersey, Kirsten Gillibrand of New York, Kamala Harris of California and Elizabeth Warren of Massachusetts — are running to challenge Trump for the presidency next year.

The Democratic-held House is expected to pass the legislation by a comfortable margin. House Speaker Nancy Pelosi and the party’s leaders support it.

Some members of the Democratic caucus’ left flank, such as Reps. Alexandria Ocasio-Cortez, D-N.Y. and Ilhan Omar, D-Minn., are expected to oppose it because it puts more money toward immigration enforcement.

Trump has spent recent days attempting to explain his apparent defeat in Congress on border wall funding. The president has argued for weeks that he can use money from other agencies to build the barrier.

“Regardless of Wall money, it is being built as we speak!” the president tweeted on Tuesday.

The potential national emergency declaration has divided Republicans. Several GOP senators argued it would set a bad precedent.

Pelosi said she “may” file a legal challenge and would review her options. She also warned Republicans that a future Democratic president could declare a national emergency over other issues such as gun violence.

Trump repeatedly cast an emergency declaration as a choice rather than a necessity, which could potentially weaken his legal case for it.

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Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: jacob pramuk, jonathan ernst
Keywords: news, cnbc, companies, wall, billion, sends, senate, expected, money, border, house, shutdown, emergency, trump, spending, passes, prevent, bill, president, legislation


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China’s January trade data come in much stronger than expected

China’s closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December. In January, China’s exports to the U.S. fell 2.4 percent from a year ago, while imports from its trade war opponent tanked 41.2 percent over the same period. Das told CNBC he still expected China’s economy to bottom in the first half of the year. In fact, seasonally adjust trade data will show that even though exports and imports both did better than expected in January, they st


China’s closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December. In January, China’s exports to the U.S. fell 2.4 percent from a year ago, while imports from its trade war opponent tanked 41.2 percent over the same period. Das told CNBC he still expected China’s economy to bottom in the first half of the year. In fact, seasonally adjust trade data will show that even though exports and imports both did better than expected in January, they st
China’s January trade data come in much stronger than expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: huileng tan, vcg, getty images
Keywords: news, cnbc, companies, chinese, stronger, fell, evanspritchard, imports, china, exports, expected, data, trade, come, chinas


China's January trade data come in much stronger than expected

China’s closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December.

In January, China’s exports to the U.S. fell 2.4 percent from a year ago, while imports from its trade war opponent tanked 41.2 percent over the same period.

Despite the upbeat data, analysts say data from China in the first two months of the year must be treated with caution due to business distortions caused by the timing of the week-long Lunar New Year public holiday, which fell in mid-February in 2018 but started on Feb. 4 this year.

Mixo Das, Asia equity strategist at J.P. Morgan, said he would not read too much into a single data point, especially with the presence of such distortions like the national holidays, cyclical trends and ongoing structural changes.

Das told CNBC he still expected China’s economy to bottom in the first half of the year.

“Even if the latest recovery in trade is genuine, the outlook for this year is still downbeat,” concurred Julian Evans-Pritchard, senior China Economist at Capital Economics.

That is due to an expected slowing in global growth that would hit Chinese exports, as well as cooling demand at home, Evans-Pritchard wrote in a note Thursday.

In fact, seasonally adjust trade data will show that even though exports and imports both did better than expected in January, they still remained weaker than a few months ago, he added.

“For now, then, the broad trend in shipments still appears to be pointing down,” Evans-Pritchard said.

Thursday’s data release comes as American and Chinese trade negotiators began a new round of talks in Beijing this week as the world’s two largest economies renewed efforts to reach a deal.

Officials from both countries are trying to reach a deal ahead of a March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

Chinese President Xi Jinping will meet with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer on Friday, the South China Morning Post reported.

—CNBC’s Fred Imbert and Reuters contributed to this report.

Clarification: This article has been updated to clarify that China on Thursday reported exports and imports data for January that easily topped expectations.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: huileng tan, vcg, getty images
Keywords: news, cnbc, companies, chinese, stronger, fell, evanspritchard, imports, china, exports, expected, data, trade, come, chinas


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Credit Agricole’s fourth-quarter profits rise more than expected, meets targets a year early

French bank Credit Agricole booked a higher than expected net profit in the fourth quarter of last year and met its profit goals set for 2019 a year ahead of target. The bank said its fourth quarter net profit more than doubled to 1 billion euros ($1.13 billion) up from 387 million euros in the same period a year earlier, when the bank had to book almost 400 million in charges related to exceptional taxes. Analysts polled by Infront Data expected a 795 million profit during the quarter. Credit A


French bank Credit Agricole booked a higher than expected net profit in the fourth quarter of last year and met its profit goals set for 2019 a year ahead of target. The bank said its fourth quarter net profit more than doubled to 1 billion euros ($1.13 billion) up from 387 million euros in the same period a year earlier, when the bank had to book almost 400 million in charges related to exceptional taxes. Analysts polled by Infront Data expected a 795 million profit during the quarter. Credit A
Credit Agricole’s fourth-quarter profits rise more than expected, meets targets a year early Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, profits, revenue, early, set, targets, million, agricoles, fourthquarter, credit, bank, euros, quarter, profit, expected, net, fourth, rise, meets


Credit Agricole's fourth-quarter profits rise more than expected, meets targets a year early

French bank Credit Agricole booked a higher than expected net profit in the fourth quarter of last year and met its profit goals set for 2019 a year ahead of target.

The bank said its fourth quarter net profit more than doubled to 1 billion euros ($1.13 billion) up from 387 million euros in the same period a year earlier, when the bank had to book almost 400 million in charges related to exceptional taxes.

Analysts polled by Infront Data expected a 795 million profit during the quarter.

Credit Agricole said it surpassed targets set three years ago for 2019 on profitability and revenue growth. The bank’s revenue grew by an average 4.3 percent a year in 2016-2018, while return on tangible equity rose to 12.7 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, profits, revenue, early, set, targets, million, agricoles, fourthquarter, credit, bank, euros, quarter, profit, expected, net, fourth, rise, meets


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France’s Schneider Electric sees 2019 growth slowing less than expected

French electrical equipment producer Schneider Electric expects its earnings growth to ease this year, but at a pace slower than the market expects. Emmanuel Babeau, Deputy CEO and CFO at Schneider Electric, told CNBC Thursday that the company has “seen very solid progress coming out of 2017 and 2018.” “There’s generally a lot of confidence in the market that we’ll make that target,” he told CNBC’s Juliana Tatelbaum. He said the company was continuing to do “a very disciplined review of our stru


French electrical equipment producer Schneider Electric expects its earnings growth to ease this year, but at a pace slower than the market expects. Emmanuel Babeau, Deputy CEO and CFO at Schneider Electric, told CNBC Thursday that the company has “seen very solid progress coming out of 2017 and 2018.” “There’s generally a lot of confidence in the market that we’ll make that target,” he told CNBC’s Juliana Tatelbaum. He said the company was continuing to do “a very disciplined review of our stru
France’s Schneider Electric sees 2019 growth slowing less than expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14
Keywords: news, cnbc, companies, schneider, frances, slowing, electric, adjusted, growth, company, told, ebita, organic, expected, market, margin, 2019, sees


France's Schneider Electric sees 2019 growth slowing less than expected

French electrical equipment producer Schneider Electric expects its earnings growth to ease this year, but at a pace slower than the market expects.

The company said on Thursday it sees the 2019 revenue to grow between 3 and 5 percent organically with an expansion in adjusted earnings before interest, tax and amortization (EBITA) margin of 20-50 basis points, leading to an adjusted EBITA organic increase of 4 to 7 percent.

Emmanuel Babeau, Deputy CEO and CFO at Schneider Electric, told CNBC Thursday that the company has “seen very solid progress coming out of 2017 and 2018.”

“There’s generally a lot of confidence in the market that we’ll make that target,” he told CNBC’s Juliana Tatelbaum. He said the company was continuing to do “a very disciplined review of our structural costs and doing that in ways that it doesn’t affect our organic growth performance,” he said.

The analysts polled by Schneider had expected current year’s organic growth to be 2 percent with a flat adjusted EBITA margin year-on-year.


Company: cnbc, Activity: cnbc, Date: 2019-02-14
Keywords: news, cnbc, companies, schneider, frances, slowing, electric, adjusted, growth, company, told, ebita, organic, expected, market, margin, 2019, sees


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Akzo Nobel fourth-quarter earnings beat expectations; sees lower input costs

Dutch paint maker Akzo Nobel on Wednesday posted flat fourth-quarter core earnings of 240 million euros ($272 million), but marginally beat expectations, and said it expected pressure from rising raw material costs to ease in 2019. Analysts polled by Reuters had expected earnings before interest, taxes, depreciation and amortisation (EBITDA) for the three months ended Dec. 31 to be at 235 million euros, compared with 240 million euros in the year-ago period. Sales volume declines in China, which


Dutch paint maker Akzo Nobel on Wednesday posted flat fourth-quarter core earnings of 240 million euros ($272 million), but marginally beat expectations, and said it expected pressure from rising raw material costs to ease in 2019. Analysts polled by Reuters had expected earnings before interest, taxes, depreciation and amortisation (EBITDA) for the three months ended Dec. 31 to be at 235 million euros, compared with 240 million euros in the year-ago period. Sales volume declines in China, which
Akzo Nobel fourth-quarter earnings beat expectations; sees lower input costs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: reuters with cnbccom, jock fistick, bloomberg, getty images
Keywords: news, cnbc, companies, fourthquarter, input, company, china, expected, earnings, million, akzo, euros, expectations, quarter, nobel, vanlancker, fourth, costs, lower, beat, sees, continue, volume


Akzo Nobel fourth-quarter earnings beat expectations; sees lower input costs

Dutch paint maker Akzo Nobel on Wednesday posted flat fourth-quarter core earnings of 240 million euros ($272 million), but marginally beat expectations, and said it expected pressure from rising raw material costs to ease in 2019.

Analysts polled by Reuters had expected earnings before interest, taxes, depreciation and amortisation (EBITDA) for the three months ended Dec. 31 to be at 235 million euros, compared with 240 million euros in the year-ago period.

Sales volume declines in China, which fell 7 percent in the fourth quarter of 2018, are expected to ease, Akzo Bobel said in a statement.

The company maintained current financial goals of a 15 percent return on sales and investment by 2020, Chief Executive Officer Thierry Vanlancker said.

“Demand trends differ per region and segment in an uncertain macro-economic environment,” the company said. “Raw material inflation is expected to continue during the first half of 2019, although at a lower rate than 2018.”

It said it would continue to pass higher prices on to customers, and cut input costs by 200 million euros by 2020.

Akzo Nobel was affected by all macro-economic factors that have captivated investors in 2018, and would continue to be, in 2019, including the U.S.-China trade war, Britain’s plan to leave the European union, and high inflation rates in several developing markets, Vanlancker said.

“We really didn’t get any help from anybody,” Vanlancker said on a call with reporters.

“We belive that for the first 3-4 months of this year, it’s going to be business as usual,” he said, with a focus on cost-cutting.

Akzo warded off an acquisition by U.S. peer PPG in 2017 and sold its chemicals arm, representing a third of its business, for 10.1 billion euros in March 2018 to a group of buyers led by Carlyle Group.

It outlined plans for proceeds to shareholders in October by mix of sharebacks and a capital return.

Speaking to CNBC’s “Squawk Box Europe” on Wednesday, Vanlancker said the sales volume shift in China was a normalization following a surge in demand in the fourth quarter of 2017.

“Our volume in those markets is exactly the same as what we had in the fourth quarter of 2016, so it is actually a normalizing with some extraordinary effect,” he said. “We of course are very vigilant on that, (and) if you look at the rest of our business we see about 1 or 2 percent volume stabilizing and starting to gradually come back.”

He added that the company expected the numbers in China to “really get much more normalized in the coming year.”


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: reuters with cnbccom, jock fistick, bloomberg, getty images
Keywords: news, cnbc, companies, fourthquarter, input, company, china, expected, earnings, million, akzo, euros, expectations, quarter, nobel, vanlancker, fourth, costs, lower, beat, sees, continue, volume


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Another wave of retail store closures coming. ‘No light at the end of the tunnel’

Another wave of store closures is expected to hit shopping centers and malls this year with “no light at the end of the tunnel,” according to a new research report. Retailers have already announced 2,187 new store closures since Jan. 1, including Gymboree, J.C. Penney, Charlotte Russe and Ann Taylor parent company Ascena Retail, according to Coresight Research. That’s up 23 percent from the number of announcements documented at the same time last year, the market research group said. Already thi


Another wave of store closures is expected to hit shopping centers and malls this year with “no light at the end of the tunnel,” according to a new research report. Retailers have already announced 2,187 new store closures since Jan. 1, including Gymboree, J.C. Penney, Charlotte Russe and Ann Taylor parent company Ascena Retail, according to Coresight Research. That’s up 23 percent from the number of announcements documented at the same time last year, the market research group said. Already thi
Another wave of retail store closures coming. ‘No light at the end of the tunnel’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: lauren thomas, robert barnes, getty images
Keywords: news, cnbc, companies, tunnel, retail, announced, expected, closures, group, thing, light, coresight, wave, coming, retailers, store, research, end


Another wave of retail store closures coming. 'No light at the end of the tunnel'

Another wave of store closures is expected to hit shopping centers and malls this year with “no light at the end of the tunnel,” according to a new research report.

Retailers have already announced 2,187 new store closures since Jan. 1, including Gymboree, J.C. Penney, Charlotte Russe and Ann Taylor parent company Ascena Retail, according to Coresight Research. That’s up 23 percent from the number of announcements documented at the same time last year, the market research group said. And there’s “potentially many more on the way due to companies currently in the bankruptcy process and more on the horizon.”

In 2018, Coresight tracked 5,524 store closure announcements in the U.S., which was down more than 30 percent from a record 8,139 closures announced in 2017. David Simon, CEO of the largest mall operator in the U.S., Simon Property Group, recently said the pace of store closures was slowing, but he expected more in 2019, with a handful of private equity-backed retailers on his so-called watch list.

Analysts say the U.S. is still “over-stored,” especially when compared with other countries. As more purchases are happening online, there’s less of a need for so much retail real estate. And the retailers that are still opening new locations are thinking much smaller.

Already this year, Coresight said retailers have announced 1,411 store openings (offsetting about 65 percent of store closures), largely stemming from dollar and discount chains.

Department store chains and specialty apparel retailers, meanwhile, are the two categories within retail still expected to shrink. But not everyone views store closures as bad news.

“You don’t always look at store closures as a negative thing,” said Brandon Famous, senior managing director of the retail advisory group at commercial real estate services firm CBRE. “That doesn’t always dictate consumer sentiment. All the numbers point up,” he added, referring to the industry forecasts for retail sales growth in 2019.

“With any vacant department store, an owner has the opportunity to increase their rent, to reinvigorate or reinvent the space,” Famous said. “In many cases a landlord looks forward to the opportunity of getting that space back. In many cases it will be a positive thing.”


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: lauren thomas, robert barnes, getty images
Keywords: news, cnbc, companies, tunnel, retail, announced, expected, closures, group, thing, light, coresight, wave, coming, retailers, store, research, end


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Futures point to a triple-digit gain for the Dow after tentative deal to avoid government shutdown

U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies. ET, Dow Jones Industrial Average futures rose 156 points, indicating a positive open of more than 143 points. Market focus is largely attuned to global trade developments, with the U.S. and China trying to hammer out a deal before an early March deadline. The trade dispute has already started to impact global


U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies. ET, Dow Jones Industrial Average futures rose 156 points, indicating a positive open of more than 143 points. Market focus is largely attuned to global trade developments, with the U.S. and China trying to hammer out a deal before an early March deadline. The trade dispute has already started to impact global
Futures point to a triple-digit gain for the Dow after tentative deal to avoid government shutdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: sam meredith
Keywords: news, cnbc, companies, global, avoid, tripledigit, help, deal, point, dispute, trade, market, expected, futures, dow, points, index, et, shutdown, tentative, gain


Futures point to a triple-digit gain for the Dow after tentative deal to avoid government shutdown

U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies.

At around 4:05 a.m. ET, Dow Jones Industrial Average futures rose 156 points, indicating a positive open of more than 143 points. Futures on the S&P 500 and Nasdaq Composite were also seen slightly higher.

Market focus is largely attuned to global trade developments, with the U.S. and China trying to hammer out a deal before an early March deadline.

Both sides expressed hopes the new round of negotiations, which began in Beijing on Monday, would bring them closer to a comprehensive trade agreement.

The trade dispute has already started to impact global growth, with investors worried a protracted dispute could soon severely hurt corporate earnings.

Meanwhile, market sentiment got a boost amid news U.S. lawmakers had secured a tentative deal on border security funding on Monday.

The drafted agreement — which congressional aides said did not contain funds for President Donald Trump’s border wall — could help to prevent another partial government shutdown due to begin from Saturday.

In corporate news, Nissan, Under Armour and Shopify are among the major companies expected to report their latest quarterly results before the opening bell. Occidental Petroleum, Activision Blizzard and TripAdvisor are all due to publish earnings after market close.

On the data front, the NFIB Small Business Optimism Index for January is expected to be released at around 6:00 a.m. ET. Job Openings and Labor Turnover Survey (JOLTS) figures for December will be published later in the session.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: sam meredith
Keywords: news, cnbc, companies, global, avoid, tripledigit, help, deal, point, dispute, trade, market, expected, futures, dow, points, index, et, shutdown, tentative, gain


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Stocks making the biggest moves after hours: Activision Blizzard, TripAdvisor, Akamai and more

The stock initially fell 3 percent after the company reported earnings of $1.29 per share on revenues of $2.84 billion. Analysts expected earnings of $1.28 a share on revenues of $3.04 billion, according to Refinitiv consensus estimates. For 2019, Activision estimates earnings of $2.10 per share on revenues of $6.3 billion, also below the estimated earnings of $2.54 per share on revenue of $7.25 billion. Earnings per share were 27 cents, compared to the 29 cents expected by Wall Street. Analysts


The stock initially fell 3 percent after the company reported earnings of $1.29 per share on revenues of $2.84 billion. Analysts expected earnings of $1.28 a share on revenues of $3.04 billion, according to Refinitiv consensus estimates. For 2019, Activision estimates earnings of $2.10 per share on revenues of $6.3 billion, also below the estimated earnings of $2.54 per share on revenue of $7.25 billion. Earnings per share were 27 cents, compared to the 29 cents expected by Wall Street. Analysts
Stocks making the biggest moves after hours: Activision Blizzard, TripAdvisor, Akamai and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: maggie fitzgerald, sopa images, lightrocket, getty images
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Stocks making the biggest moves after hours: Activision Blizzard, TripAdvisor, Akamai and more

Check out the companies making headlines after the bell:

Shares of Activision Blizzard were volatile in extending trading Tuesday following a mixed fourth-quarter earnings report and weak outlooks for both the first quarter and full year. The stock initially fell 3 percent after the company reported earnings of $1.29 per share on revenues of $2.84 billion. Analysts expected earnings of $1.28 a share on revenues of $3.04 billion, according to Refinitiv consensus estimates.

Activision also issued weak first-quarter guidance, saying it expects earnings of 20 cents a share on $1.18 billion in revenue, compared to the estimated earnings per share of 46 cents on $1.45 billion in revenue. For 2019, Activision estimates earnings of $2.10 per share on revenues of $6.3 billion, also below the estimated earnings of $2.54 per share on revenue of $7.25 billion.

The company also announced on the conference call that it is cutting its workforce by 8 percent. The stock was last seen about 2 percent higher in after-hours trade.

TripAdvisor shares dropped as much as 6 percent following mixed earnings. The travel and restaurant website company reported $346 million in revenue, beating estimates of $343 million. Earnings per share were 27 cents, compared to the 29 cents expected by Wall Street. Revenue was driven by its non-hotel segment, which saw year-over-year growth of 38 percent. The stock is up more than 60 percent over the last year.

Akamai shares were volatile in extending trading after posting better-than-expected fourth-quarter earnings. The stock initially rose about 3 percent after the Massachusetts-based technology company beat on the top and bottom lines. It reported $713 million in revenue, compared to estimates of $704 million. Earnings per share were $1.07, higher than the expected $1 expected by analysts. The company also announced CFO Jim Benson will retire in March. He will be succeeded by Ed McGowan, the senior vice president of finance. The stock was last seen about 2 percent lower.

Shares of Groupon fell more than 14 percent after market close on Tuesday after posting mixed earnings. Earnings per share were 10 cents, missing estimates by 3 cents. Revenue was $800 million, compared to the $789 million forecast by analysts. North American active customers fell 2.5 percent to 30.6 million.

Twilio shares fell more than 4 percent after hours Tuesday despite better-than-expected earnings. The cloud communications company reported fourth-quarter earning of 4 cents per share on revenues of $204 million. Analysts had expected earnings per share of 4 cents on revenues of $185 million.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: maggie fitzgerald, sopa images, lightrocket, getty images
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Stocks making the biggest moves after hours: Activision Blizzard, TripAdvisor, Akamai and more

The stock initially fell 3 percent after the company reported earnings of $1.29 per share on revenues of $2.84 billion. Analysts expected earnings of $1.28 a share on revenues of $3.04 billion, according to Refinitiv consensus estimates. For 2019, Activision estimates earnings of $2.10 per share on revenues of $6.3 billion, also below the estimated earnings of $2.54 per share on revenue of $7.25 billion. Earnings per share were 27 cents, compared to the 29 cents expected by Wall Street. Analysts


The stock initially fell 3 percent after the company reported earnings of $1.29 per share on revenues of $2.84 billion. Analysts expected earnings of $1.28 a share on revenues of $3.04 billion, according to Refinitiv consensus estimates. For 2019, Activision estimates earnings of $2.10 per share on revenues of $6.3 billion, also below the estimated earnings of $2.54 per share on revenue of $7.25 billion. Earnings per share were 27 cents, compared to the 29 cents expected by Wall Street. Analysts
Stocks making the biggest moves after hours: Activision Blizzard, TripAdvisor, Akamai and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: maggie fitzgerald, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, making, tripadvisor, share, billion, expected, earnings, million, revenues, blizzard, cents, stock, biggest, activision, revenue, moves, stocks, company, hours, akamai


Stocks making the biggest moves after hours: Activision Blizzard, TripAdvisor, Akamai and more

Check out the companies making headlines after the bell:

Shares of Activision Blizzard were volatile in extending trading Tuesday following a mixed fourth-quarter earnings report and weak outlooks for both the first quarter and full year. The stock initially fell 3 percent after the company reported earnings of $1.29 per share on revenues of $2.84 billion. Analysts expected earnings of $1.28 a share on revenues of $3.04 billion, according to Refinitiv consensus estimates.

Activision also issued weak first-quarter guidance, saying it expects earnings of 20 cents a share on $1.18 billion in revenue, compared to the estimated earnings per share of 46 cents on $1.45 billion in revenue. For 2019, Activision estimates earnings of $2.10 per share on revenues of $6.3 billion, also below the estimated earnings of $2.54 per share on revenue of $7.25 billion.

The company also announced on the conference call that it is cutting its workforce by 8 percent. The stock was last seen about 2 percent higher in after-hours trade.

TripAdvisor shares dropped as much as 6 percent following mixed earnings. The travel and restaurant website company reported $346 million in revenue, beating estimates of $343 million. Earnings per share were 27 cents, compared to the 29 cents expected by Wall Street. Revenue was driven by its non-hotel segment, which saw year-over-year growth of 38 percent. The stock is up more than 60 percent over the last year.

Akamai shares were volatile in extending trading after posting better-than-expected fourth-quarter earnings. The stock initially rose about 3 percent after the Massachusetts-based technology company beat on the top and bottom lines. It reported $713 million in revenue, compared to estimates of $704 million. Earnings per share were $1.07, higher than the expected $1 expected by analysts. The company also announced CFO Jim Benson will retire in March. He will be succeeded by Ed McGowan, the senior vice president of finance. The stock was last seen about 2 percent lower.

Shares of Groupon fell more than 14 percent after market close on Tuesday after posting mixed earnings. Earnings per share were 10 cents, missing estimates by 3 cents. Revenue was $800 million, compared to the $789 million forecast by analysts. North American active customers fell 2.5 percent to 30.6 million.

Twilio shares fell more than 4 percent after hours Tuesday despite better-than-expected earnings. The cloud communications company reported fourth-quarter earning of 4 cents per share on revenues of $204 million. Analysts had expected earnings per share of 4 cents on revenues of $185 million.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: maggie fitzgerald, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, making, tripadvisor, share, billion, expected, earnings, million, revenues, blizzard, cents, stock, biggest, activision, revenue, moves, stocks, company, hours, akamai


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