These stocks fell after earnings, but Wall Street analysts see a buying opportunity

CNBC combed through Wall Street research to find stocks that analysts defended after the market knocked down their stock. So far this earnings season, 73% of the S&P 500 companies have beaten earnings estimates, according to Refinitiv. Global investment management firm Victory Capital reported earnings on Tuesday that missed on the topline and fell short of expectations, according to analysts at William Blair. Earlier this week, Argentina’s stock market tanked after the country’s president suffe


CNBC combed through Wall Street research to find stocks that analysts defended after the market knocked down their stock. So far this earnings season, 73% of the S&P 500 companies have beaten earnings estimates, according to Refinitiv. Global investment management firm Victory Capital reported earnings on Tuesday that missed on the topline and fell short of expectations, according to analysts at William Blair. Earlier this week, Argentina’s stock market tanked after the country’s president suffe
These stocks fell after earnings, but Wall Street analysts see a buying opportunity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-17  Authors: michael bloom
Keywords: news, cnbc, companies, shares, season, wrestling, opportunity, market, companies, wall, company, stock, earnings, reported, buying, analysts, stocks, fell, street


These stocks fell after earnings, but Wall Street analysts see a buying opportunity

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009

Earnings season is just about over and some companies blew it, with their shares dropping after reporting results. But that drop could be an opportunity.

CNBC combed through Wall Street research to find stocks that analysts defended after the market knocked down their stock.

So far this earnings season, 73% of the S&P 500 companies have beaten earnings estimates, according to Refinitiv. Earnings for the S&P 500 are up 2.9% in the second quarter.

The U.S.-China trade war, market volatility, and global growth fears continue to weigh on the minds of companies and investors alike as earnings season comes to a close. But many Wall Street analysts are advising clients there is still plenty of value to be found among the growing sea of uncertainty.

The names include companies like Victory Capital Holdings, MercadoLibre, Fastly, World Wrestling Entertainment, and Bloom Energy.

Global investment management firm Victory Capital reported earnings on Tuesday that missed on the topline and fell short of expectations, according to analysts at William Blair.

The stock tanked due to what an analyst called “a timing issue, with inflows coming in late in the quarter rather than being spread evenly across the quarter.” Inflows refers to the amount of cash coming into the business.

The firm went on to say in a note that the stock reaction was “overblown” and “we would be buyers on weakness,.”

Shares of the company are down 8% on the week.

Earlier this week, Argentina’s stock market tanked after the country’s president suffered an election upset against the opposition candidate.

Argentinean company MercadoLibre also reported earnings this week and while analysts at Deutsche Bank said they were “strong,” the e-commerce retailer may have also been the victim of bad timing due to the ongoing events in the country.

“Given robust underlying fundamentals, large total addressable market, and MELI’s track record at weathering both regulatory and FX challenges in the past, we think the dip is largely an overreaction which has created a buying opportunity for investors who can withstand short term volatility,” they said.

The stock is down 9% on the week.

World Wrestling Entertainment reported strong bottom-line results in late July. Shares of the company took a bit of a beating as of late but have quickly rallied back.

The company has also been the subject of several buy initiations and upgrades recently, including one from Rosenblatt analysts on Thursday.

“Our thesis on the media industry is content is king and view WWE as one of the best public market ways to benefit from this theme,” they wrote. “We see the recent pullback in shares driven by concerns over ratings and quarterly estimate revisions as a buying opportunity.”

Here’s what else analysts are saying about stocks to buy after an earnings pullback:


Company: cnbc, Activity: cnbc, Date: 2019-08-17  Authors: michael bloom
Keywords: news, cnbc, companies, shares, season, wrestling, opportunity, market, companies, wall, company, stock, earnings, reported, buying, analysts, stocks, fell, street


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Stocks making the biggest moves premarket: Deere, Nvidia, GE, Facebook, Capital One & more

Check out the companies making headlines before the bell:Deere – The heavy equipment maker reported adjusted quarterly profit of $2.71 per share, missing the consensus estimate of $2.85 a share. Applied Materials – Applied Materials reported adjusted quarterly profit of 74 cents per share, 4 cents a share above estimates. Nvidia – Nvidia beat estimates by 9 cents a share, with adjusted quarterly profit of $1.24 per share. General Electric – GE CEO Larry Culp bought 252,000 more shares of GE at a


Check out the companies making headlines before the bell:Deere – The heavy equipment maker reported adjusted quarterly profit of $2.71 per share, missing the consensus estimate of $2.85 a share. Applied Materials – Applied Materials reported adjusted quarterly profit of 74 cents per share, 4 cents a share above estimates. Nvidia – Nvidia beat estimates by 9 cents a share, with adjusted quarterly profit of $1.24 per share. General Electric – GE CEO Larry Culp bought 252,000 more shares of GE at a
Stocks making the biggest moves premarket: Deere, Nvidia, GE, Facebook, Capital One & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: peter schacknow, yun li
Keywords: news, cnbc, companies, revenue, forecasts, stock, making, facebook, deere, stocks, share, reported, profit, premarket, quarterly, capital, adjusted, biggest, moves, issues, ge, nvidia, cents


Stocks making the biggest moves premarket: Deere, Nvidia, GE, Facebook, Capital One & more

Check out the companies making headlines before the bell:

Deere – The heavy equipment maker reported adjusted quarterly profit of $2.71 per share, missing the consensus estimate of $2.85 a share. Revenue also missed forecasts, with the company saying some farmers are postponing purchases because of uncertainties regarding the export market.

Applied Materials – Applied Materials reported adjusted quarterly profit of 74 cents per share, 4 cents a share above estimates. The semiconductor manufacturing equipment maker’s revenue beat Wall Street forecasts as well, however the company warned that recovery for the memory chip market would be unlikely to occur before next year.

Nvidia – Nvidia beat estimates by 9 cents a share, with adjusted quarterly profit of $1.24 per share. Revenue came in above forecasts as well, helped by demand for newer high end graphics chips designed for video games.

General Electric – GE CEO Larry Culp bought 252,000 more shares of GE at an average price of $7.93 per share, following share purchases earlier this week. That followed an 11.3% drop in the stock Thursday following a critical report on GE from investor Harry Markopolos.

Facebook – Facebook was accused in a lawsuit of failing to warn users about the dangers of its single sign-on tool, which can be used to access third party apps and services using Facebook login credentials.

Capital One – Capital One employees raised concerns about issues in the company’s cybersecurity unit ahead of a recent data breach, according to The Wall Street Journal. Among the issues: high turnover among senior leaders and staff, and failure to properly install software to spot and defend against hacking.

Dillard’s – Dillard’s reported an adjusted quarterly loss of $1.74 per share, wider than the 70 cents a share loss estimated by analysts. The retailer’s revenue was slightly below forecasts, with comparable-store sales falling 1%.

Tapestry – Tapestry was downgraded to “neutral” from “outperform” at Credit Suisse and to “neutral” from “buy” at Goldman Sachs, which also removed the apparel maker’s stock from its “Conviction Buy” list. That follows Tapestry’s earnings report in which the company said performance at its Coach unit was strong but that there are still issues with the Kate Spade brand.

Merck – The drugmaker’s stock was rated “outperform” in new coverage at Leerink. The rating is based on optimism about expanded uses for the cancer drug Keytruda, among other factors.


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: peter schacknow, yun li
Keywords: news, cnbc, companies, revenue, forecasts, stock, making, facebook, deere, stocks, share, reported, profit, premarket, quarterly, capital, adjusted, biggest, moves, issues, ge, nvidia, cents


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Stocks making the biggest moves midday: General Electric, Nvidia, Dillard’s & more

Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City. Check out the companies making headlines in midday trading on Friday:General Electric — Shares of General Electric rose nearly 9% after analysts and the company’s CEO stood behind the stock following a report alleging accounting issues. Nvidia — Nvidia’s stock jumped nearly 6% after it reported better-than-expected fiscal-second quarter earnings. The chip maker earned $1.24 per share, excluding


Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City. Check out the companies making headlines in midday trading on Friday:General Electric — Shares of General Electric rose nearly 9% after analysts and the company’s CEO stood behind the stock following a report alleging accounting issues. Nvidia — Nvidia’s stock jumped nearly 6% after it reported better-than-expected fiscal-second quarter earnings. The chip maker earned $1.24 per share, excluding
Stocks making the biggest moves midday: General Electric, Nvidia, Dillard’s & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: yun li jesse pound, yun li, jesse pound
Keywords: news, cnbc, companies, reported, share, stocks, general, electric, revenue, dillards, earnings, rose, biggest, york, shares, nvidia, stock, nearly, making, midday, analysts, moves


Stocks making the biggest moves midday: General Electric, Nvidia, Dillard's & more

Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City.

Check out the companies making headlines in midday trading on Friday:

General Electric — Shares of General Electric rose nearly 9% after analysts and the company’s CEO stood behind the stock following a report alleging accounting issues. GE’s stock tumbled Thursday after Madoff whistleblower Harry Markopolos called the company’s accounting “a bigger fraud than Enron,” but CEO Larry Culp bought nearly $2 million worth of stock to signal his confidence and several analysts pushed back against Markopolos conclusions.

Nvidia — Nvidia’s stock jumped nearly 6% after it reported better-than-expected fiscal-second quarter earnings. The chip maker earned $1.24 per share, excluding certain items, versus $1.15 per share as expected by analysts, according to Refinitiv. Its revenue also beat estimates.

Dillard’s – Shares of Dillard’s plunged nearly 5% after the retailer reported an adjusted quarterly loss of $1.74 per share, wider than the 70 cent loss estimated by Wall Street. The retailer’s revenue was also slightly below forecasts, with comparable store sales falling 1%.

Bank stocks — Bank stocks rallied along with the rise in bond yields. The group took a big hit earlier this week as bond yields hit their historic lows and a key part of the yield curve briefly inverted. They came under pressure because falling rates would it harder to make a profit lending money. Citigroup rose more than 3%, while Bank of America climbed 3% and J.P. Morgan gained 2.4%.

Deere — Shares of Deere rose 2.5% despite the machinery company missing analyst expectations for earnings and revenue and lowering its full year guidance. The tractor manufacturer reported adjusted earnings of $2.71 per share on $8.97 billion in revenue, missing Wall Street’s estimates of $2.85 per share and $9.39 billion in revenue, according to Refinitiv. The stock was already down 13% for the month, and Rob Wertheimer of Melius Research told CNBC the lowered guidance “wasn’t too bad.”

Tapestry — Shares of Tapestry rebounded on Friday morning, gaining 3.6% after hitting 52-week lows the day before. Bernstein maintained its outperform rating on the stock, lowering its near-term earnings estimates for the company by 13% but saying “valuation with a long-term view remains compelling, if the brands are not broken.”


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: yun li jesse pound, yun li, jesse pound
Keywords: news, cnbc, companies, reported, share, stocks, general, electric, revenue, dillards, earnings, rose, biggest, york, shares, nvidia, stock, nearly, making, midday, analysts, moves


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Revlon stock jumps on report that the cosmetics company is considering a sale

Shares of cosmetics company Revlon jumped more than 7% after Bloomberg reported that it was retaining advisors from Goldman Sachs to consider a potential sale of parts or all of its business. Earlier this month, the company received a $200 million four-year senior secured loan to help fund its business. Last week, it reported its second-quarter net loss narrowed to $63.7 million from $122.5 million a year earlier. But net sales fell 6% to $570.2 million, hurt by sales declines at its smaller bra


Shares of cosmetics company Revlon jumped more than 7% after Bloomberg reported that it was retaining advisors from Goldman Sachs to consider a potential sale of parts or all of its business. Earlier this month, the company received a $200 million four-year senior secured loan to help fund its business. Last week, it reported its second-quarter net loss narrowed to $63.7 million from $122.5 million a year earlier. But net sales fell 6% to $570.2 million, hurt by sales declines at its smaller bra
Revlon stock jumps on report that the cosmetics company is considering a sale Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: jasmine wu
Keywords: news, cnbc, companies, sales, sale, considering, jumps, reported, billion, week, net, report, cosmetics, million, revlon, loan, stock, company, market


Revlon stock jumps on report that the cosmetics company is considering a sale

Shares of cosmetics company Revlon jumped more than 7% after Bloomberg reported that it was retaining advisors from Goldman Sachs to consider a potential sale of parts or all of its business.

A deal has not been reached, but Revlon is exploring all its options, a person familiar with the matter told Bloomberg.

Earlier this month, the company received a $200 million four-year senior secured loan to help fund its business.

The business has been struggling, and the cash was needed to help Revlon innovate and prepare for refinancing other debt it has outstanding. The company, which is majority-owned by Ronald Perelman’s MacAndrews & Forbes, has more than $3 billion of debt on its balance sheet.

Last week, it reported its second-quarter net loss narrowed to $63.7 million from $122.5 million a year earlier. But net sales fell 6% to $570.2 million, hurt by sales declines at its smaller brands. The company’s liquidity improved to $260 million, as of last week, from $108 million at the end of the second quarter.

In a May 10-Q filing, Revlon said it had extended the maturity of a $41.5 million loan from April 2019 by a year, and the company also disclosed liquidity dropped below a required threshold by one of its loans.

Even if Revlon is open to being acquired, it is uncertain whether there is a company that would be interested. Others in mass market for color cosmetics have also had challenges, as shoppers increasingly turn to outlets like Sephora and Ulta Beauty for their products, or online startups like Glossier.

Cosmetics distributor Coty acquired Covergirl for $12 billion from Proctor & Gamble in 2015, but said earlier this year that it would write down around $3 billion in assets from P&G. In July, L’Oreal reported a slowdown in North American sales, recording a 1.1% decline.

Revlon’s stock has fallen 37% since January and has a market cap of $825 million.

Revlon was not immediately available for comment.


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: jasmine wu
Keywords: news, cnbc, companies, sales, sale, considering, jumps, reported, billion, week, net, report, cosmetics, million, revlon, loan, stock, company, market


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Stocks making the biggest moves midday: General Electric, Walmart, Alibaba and Tapestry

Walmart reported earnings per share of $1.27 on revenue of $130.377 billion. Wall Street expected earnings per share of $1.22 on revenue of $130.106 billion, according to FactSet. Tapestry reported revenue of $1.514 billion, missing analysts estimates of $1.533 billion, according to FactSet. Alibaba— Shares of the e-commerce company rose 2.9% after announcing better-than-expected revenue and earnings for the June quarter. The company reported diluted earnings per share of 12.55 yuan, compared to


Walmart reported earnings per share of $1.27 on revenue of $130.377 billion. Wall Street expected earnings per share of $1.22 on revenue of $130.106 billion, according to FactSet. Tapestry reported revenue of $1.514 billion, missing analysts estimates of $1.533 billion, according to FactSet. Alibaba— Shares of the e-commerce company rose 2.9% after announcing better-than-expected revenue and earnings for the June quarter. The company reported diluted earnings per share of 12.55 yuan, compared to
Stocks making the biggest moves midday: General Electric, Walmart, Alibaba and Tapestry Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: yun li maggie fitzgerald, yun li, maggie fitzgerald
Keywords: news, cnbc, companies, revenue, making, reported, billion, midday, general, tapestry, stocks, walmart, shares, biggest, share, rose, report, moves, expected, alibaba, electric, earnings, company


Stocks making the biggest moves midday: General Electric, Walmart, Alibaba and Tapestry

Traders work beneath a monitor displaying General Electric Co. signage on the floor of the New York Stock Exchange.

Check out the companies making headlines in midday trading:

General Electric— Shares of GE plummeted 11.3% after Madoff whistleblower Harry Markopolos accused the company of issuing fraudulent financial statements to cover up its problems. Markopolos took aim at past and present executives in his report and said that GE is “a bigger fraud than Enron.”

Walmart— Shares of the world’s largest retailer rose 6.1% after reporting strong second-quarter earnings. Walmart reported earnings per share of $1.27 on revenue of $130.377 billion. Wall Street expected earnings per share of $1.22 on revenue of $130.106 billion, according to FactSet. Walmart’s same store sales rose 2.8%, compared to the estimated 2.4%.

Tapestry— Shares of Coach and Kate Spade owner Tapestry cratered 22.6% after the company missed on its fourth-quarter revenue. Tapestry reported revenue of $1.514 billion, missing analysts estimates of $1.533 billion, according to FactSet. A glaring weak spot in the report was Kate Spade’s larger-than-expected drop in same-store sales of 6%, while analysts expected a drop of 1.39%.

Cisco— Cisco shares plunged 8.6% after the tech giant gave poor guidance, saying its earnings would be lighter than expected as a “significant impact” from the U.S.-China trade war weighted on the business. The tech giant also said China revenue fell 25% last quarter on an annualized basis.

Pivotal Software— Pivotal surged a whopping 68.7% after VMware said it’s in talks to acquire the software company’s Class A shares for $15 a piece. Pivotal’s stock had declined 66% in the past year before the announcement as the company took a hit from weakening demand for its cloud applications.

Shake Shack— Shares of Shake Shack rose 7.1% and hit a new 52-week high on Thursday after SunTrust raised its price target on the restaurant chain to $102 per share from $86 per share. The analysts at SunTrust said they expect the company to add new menu items next year and for it to benefit from an exclusive delivery partnership with Grubhub.

NetApp— NetApp shares jumped 3.94% after the cloud data services company reported quarterly earnings of 65 cents per share, 7 cents above estimates per Refinitiv. The company also issued better-than-expected forward guidance.

Alibaba— Shares of the e-commerce company rose 2.9% after announcing better-than-expected revenue and earnings for the June quarter. The company reported diluted earnings per share of 12.55 yuan, compared to the expected 10.25 yuan according to Refinitiv estimates. The company has experienced growth with its successful cloud division and core commerce business, including the shopping platforms Tmall and Taobao.

— CNBC’s Elizabeth Myong and Jesse Pound contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: yun li maggie fitzgerald, yun li, maggie fitzgerald
Keywords: news, cnbc, companies, revenue, making, reported, billion, midday, general, tapestry, stocks, walmart, shares, biggest, share, rose, report, moves, expected, alibaba, electric, earnings, company


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Stocks making the biggest moves after hours: Nvidia, Applied Materials and GE

The company reported adjusted earnings per share of $1.24 on revenue of $2.58 billion. Analysts had expected earnings per share of $1.15 on revenue of $2.54 billion, according to Refinitiv. Nvidia’s biggest segment, gaming, produced $1.31 billion in revenue, which was slightly above the $1.30 billion consensus estimate among analysts surveyed by FactSet. The company reported adjusted earnings per share of 74 cents on revenue of $3.56 billion. Analysts expected earnings per share of 70 cents on r


The company reported adjusted earnings per share of $1.24 on revenue of $2.58 billion. Analysts had expected earnings per share of $1.15 on revenue of $2.54 billion, according to Refinitiv. Nvidia’s biggest segment, gaming, produced $1.31 billion in revenue, which was slightly above the $1.30 billion consensus estimate among analysts surveyed by FactSet. The company reported adjusted earnings per share of 74 cents on revenue of $3.56 billion. Analysts expected earnings per share of 70 cents on r
Stocks making the biggest moves after hours: Nvidia, Applied Materials and GE Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: elizabeth myong
Keywords: news, cnbc, companies, making, applied, company, nvidia, materials, earnings, revenue, analysts, reported, share, ge, billion, ceo, biggest, expected, hours, stocks, refinitiv, moves


Stocks making the biggest moves after hours: Nvidia, Applied Materials and GE

Check out the companies making headlines after the bell:

Shares of Nvidia jumped as much as 7% after the chipmaker announced better-than-expected second-quarter earnings. The company reported adjusted earnings per share of $1.24 on revenue of $2.58 billion. Analysts had expected earnings per share of $1.15 on revenue of $2.54 billion, according to Refinitiv. Nvidia’s biggest segment, gaming, produced $1.31 billion in revenue, which was slightly above the $1.30 billion consensus estimate among analysts surveyed by FactSet.

Applied Materials rose 1.8% in after-hours trading after the semiconductor company announced its third-quarter earnings. The company reported adjusted earnings per share of 74 cents on revenue of $3.56 billion. Analysts expected earnings per share of 70 cents on revenue of $3.52 billion, according to Refinitiv. Gary Dickerson, president and CEO, said going forward the company is “fully funding our R&D programs to develop new products and capabilities”.

Shares of General Electric climbed 3% after an SEC filing revealed CEO Larry Culp bought nearly $2 million worth of the conglomerate’s shares. The disclosure comes after Madoff whistleblower Harry Markopolos published a 175-page report calling GE “a bigger fraud than Enron.”


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: elizabeth myong
Keywords: news, cnbc, companies, making, applied, company, nvidia, materials, earnings, revenue, analysts, reported, share, ge, billion, ceo, biggest, expected, hours, stocks, refinitiv, moves


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Uber stock hits a new all-time low as shares continue to slide following $5 billion Q2 loss

Shares of Uber closed at $33.96 Wednesday, their lowest price since the stock’s debut in May. Uber shares continued to slide for the fourth straight trading day following the company’s earnings whiff. Uber reported a net loss of $5.24 billion for its second quarter of 2019, blaming stock-based compensation. The company reported revenue of $3.17 billion for the quarter, missing analyst estimates of $3.36 billion, according to Refinitiv. Ultimately, the company listed its shares at a nondiluted va


Shares of Uber closed at $33.96 Wednesday, their lowest price since the stock’s debut in May. Uber shares continued to slide for the fourth straight trading day following the company’s earnings whiff. Uber reported a net loss of $5.24 billion for its second quarter of 2019, blaming stock-based compensation. The company reported revenue of $3.17 billion for the quarter, missing analyst estimates of $3.36 billion, according to Refinitiv. Ultimately, the company listed its shares at a nondiluted va
Uber stock hits a new all-time low as shares continue to slide following $5 billion Q2 loss Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: lauren feiner
Keywords: news, cnbc, companies, uber, reported, slide, valuation, continue, ubers, low, hits, q2, billion, stock, quarter, company, following, shares, loss, tusk


Uber stock hits a new all-time low as shares continue to slide following $5 billion Q2 loss

Shares of Uber closed at $33.96 Wednesday, their lowest price since the stock’s debut in May. Uber shares continued to slide for the fourth straight trading day following the company’s earnings whiff. It was the first time the shares fell below $36.

The stock was down 6.8% Wednesday, bringing its market cap to $57.6 billion, down more than $12 billion from its valuation at the end of its first trading day in May.

Uber reported a net loss of $5.24 billion for its second quarter of 2019, blaming stock-based compensation. But even excluding the compensation, Uber’s losses amounted to about $1.3 billion, about 30% worse than the previous quarter. The company reported revenue of $3.17 billion for the quarter, missing analyst estimates of $3.36 billion, according to Refinitiv.

Analysts had already expressed skepticism about Uber’s high valuation leading up to its IPO. The company reported an adjusted EBITDA loss of $1.85 billion in 2018 and showed slowing revenue growth in its S-1 filing, but Uber reportedly sought a valuation as high as $120 billion as it mulled its public debut. Ultimately, the company listed its shares at a nondiluted valuation of $75.46 billion.

While CEO Dara Khosrowshahi characterized the second-quarter loss as a “once-in-a-lifetime” hit in an interview with CNBC’s David Faber and Jim Cramer on Friday, investors are still uncertain of Uber’s path to profitibility.

On Monday, shortly before Uber shares hit their then-lowest closing price of $37, early investor Bradley Tusk told CNBC that the company needs to dominate in more businesses than its ride-hailing and delivery services to reach profitability.

“They’ve got to be that A-to-Z for transportation,” Tusk said. “Whether you’re getting yourself to A to B on a bike, scooter, or a car, bus, whether furniture being shipped on a truck, or a burrito from a messenger, they’ve got to be the default for all of that.”

— CNBC’s Annie Palmer contributed to this report.

Subscribe to CNBC on YouTube.

WATCH: Why Uber is losing money and what it will take to become profitable


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: lauren feiner
Keywords: news, cnbc, companies, uber, reported, slide, valuation, continue, ubers, low, hits, q2, billion, stock, quarter, company, following, shares, loss, tusk


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WeWork offers a romantic vision in its IPO filing — alongside staggering losses

WeWork is not the first company to rent office space to workers and companies looking to set up in an established facility. WeWork borrows from tech jargon in calling itself a “space-as-a-service” business, modeled off of the term “software-as-a-service” used to describe companies like Salesforce. Meanwhile, WeWork reported staggering losses in its S-1 filing released Wednesday. The company said it saw a net loss of more than $900 million for the first six months of 2019. By comparison, Uber, an


WeWork is not the first company to rent office space to workers and companies looking to set up in an established facility. WeWork borrows from tech jargon in calling itself a “space-as-a-service” business, modeled off of the term “software-as-a-service” used to describe companies like Salesforce. Meanwhile, WeWork reported staggering losses in its S-1 filing released Wednesday. The company said it saw a net loss of more than $900 million for the first six months of 2019. By comparison, Uber, an
WeWork offers a romantic vision in its IPO filing — alongside staggering losses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: lauren feiner
Keywords: news, cnbc, companies, tech, wework, branding, offers, company, vision, losses, romantic, filing, companies, billion, staggering, ipo, alongside, workers, reported, loss


WeWork offers a romantic vision in its IPO filing — alongside staggering losses

WeWork is not the first company to rent office space to workers and companies looking to set up in an established facility.

But its aspirational branding has lured in billions of dollars from tech investors who believe the company is much more than a glorified landlord.

WeWork borrows from tech jargon in calling itself a “space-as-a-service” business, modeled off of the term “software-as-a-service” used to describe companies like Salesforce.

In addition to offering stylish work spaces, WeWork says its “community technology” (AKA its app) helps its customers book rooms, find events and connect with one another.

This buzzy branding has ratcheted WeWork’s valuation up to $47 billion as of January, when its largest backer, SoftBank, invested another $2 billion. Meanwhile, WeWork reported staggering losses in its S-1 filing released Wednesday. The company said it saw a net loss of more than $900 million for the first six months of 2019. By comparison, Uber, another recent tech IPO, reported a loss of more than $5 billion in its second quarter, which it largely blamed on stock-based compensation from the IPO.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: lauren feiner
Keywords: news, cnbc, companies, tech, wework, branding, offers, company, vision, losses, romantic, filing, companies, billion, staggering, ipo, alongside, workers, reported, loss


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The job with the best career opportunities according to Glassdoor pays $112,000 and isn’t in tech

That’s according to Glassdoor’s Economic Research report, which examined the different factors that drive employee satisfaction. Analyzing millions of employee reviews on its platform, the site then created a list of the top 25 jobs in the U.S. that provide the best career opportunities. The jobs listed are ranked based on the median base salary reported on Glassdoor, the number of job openings on Glassdoor and the career opportunity rating (on scale of 1-5) that employees working in these roles


That’s according to Glassdoor’s Economic Research report, which examined the different factors that drive employee satisfaction. Analyzing millions of employee reviews on its platform, the site then created a list of the top 25 jobs in the U.S. that provide the best career opportunities. The jobs listed are ranked based on the median base salary reported on Glassdoor, the number of job openings on Glassdoor and the career opportunity rating (on scale of 1-5) that employees working in these roles
The job with the best career opportunities according to Glassdoor pays $112,000 and isn’t in tech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: courtney connley
Keywords: news, cnbc, companies, tech, reported, working, best, jobs, satisfaction, list, factors, career, pays, isnt, according, salary, opportunities, 112000, glassdoor, job


The job with the best career opportunities according to Glassdoor pays $112,000 and isn't in tech

In addition to working for a company with great culture, values and a solid leadership team, one of the key factors that play into an employee’s overall satisfaction is access to career opportunities.

That’s according to Glassdoor’s Economic Research report, which examined the different factors that drive employee satisfaction. Analyzing millions of employee reviews on its platform, the site then created a list of the top 25 jobs in the U.S. that provide the best career opportunities.

The jobs listed are ranked based on the median base salary reported on Glassdoor, the number of job openings on Glassdoor and the career opportunity rating (on scale of 1-5) that employees working in these roles reported. Each position offers a salary of at least $80,000 and has at least 2,000 current job openings.

Take a look below to see which titles round out the top 10 list of jobs with the best career opportunities, according to Glassdoor:


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: courtney connley
Keywords: news, cnbc, companies, tech, reported, working, best, jobs, satisfaction, list, factors, career, pays, isnt, according, salary, opportunities, 112000, glassdoor, job


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Stocks making the biggest moves after hours: RealReal, Tilray, and Myriad

Check out the companies making headlines after the bell:Shares of RealReal surged 12.7% in after-hours trading after announcing a smaller-than-expected second quarter loss as revenue surged. The luxury consignment company reported an adjusted second-quarter loss of 28 cents per share on revenue of $71.0 million. Tilray dropped 7.2% after the cannabis company announced a wider-than-expected second-quarter loss. The company reported an adjusted loss per share of 32 cents on revenue of $45.9 millio


Check out the companies making headlines after the bell:Shares of RealReal surged 12.7% in after-hours trading after announcing a smaller-than-expected second quarter loss as revenue surged. The luxury consignment company reported an adjusted second-quarter loss of 28 cents per share on revenue of $71.0 million. Tilray dropped 7.2% after the cannabis company announced a wider-than-expected second-quarter loss. The company reported an adjusted loss per share of 32 cents on revenue of $45.9 millio
Stocks making the biggest moves after hours: RealReal, Tilray, and Myriad Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: elizabeth myong
Keywords: news, cnbc, companies, revenue, making, ceo, moves, million, reported, quarter, cents, myriad, hours, share, tilray, loss, stocks, secondquarter, realreal, biggest, company


Stocks making the biggest moves after hours: RealReal, Tilray, and Myriad

Julie Wainwright (C), CEO of The RealReal takes part in the company’s IPO at the Nasdaq MarketSite in New York, June 28, 2019.

Check out the companies making headlines after the bell:

Shares of RealReal surged 12.7% in after-hours trading after announcing a smaller-than-expected second quarter loss as revenue surged. The luxury consignment company reported an adjusted second-quarter loss of 28 cents per share on revenue of $71.0 million. Analysts had expected a loss per share of 33 cents on revenue of $70.1 million, according to Refinitiv. Both active buyers and orders increased 40% since the second quarter of last year, according to the company’s press release. Julie Wainwright, CEO and founder of RealReal, said the company drove marketing leverage and strategic initiatives in the second quarter.

Tilray dropped 7.2% after the cannabis company announced a wider-than-expected second-quarter loss. The company reported an adjusted loss per share of 32 cents on revenue of $45.9 million. Analysts had expected a loss per share of 25 cents on revenue of $41.1 million, according to Refinitiv. Tilray reported increased operating expenses from growth initiatives.

Shares of Myriad Genetics plummeted 16% after the molecular diagnostic company announced disappointing second-quarter earnings. The company reported fourth quarter adjusted earnings per share of 41 cents on revenue of $215 million. Analysts had expected earnings per share of 47 cents on revenue of $221 million. Mark Capone, president and CEO of Myriad, said revenue missed expectations for the fourth quarter due to lower reimbursement for its expanded carrier screening test.

Adaptive Biotechnologies fell by more than 10% after the company posted its first quarterly report since going public. The company posted a loss per share of $1.23, larger than the loss of $1.01 a share a year earlier. Adaptive also reported revenue of $22.1 million, above the $19.3 million consensus estimate from Refinitiv. CEO Chad Robins said the company is progressing on “near-term product applications across our life sciences research, clinical diagnostics, and drug discovery businesses.”

Qualcomm named Mark McLaughlin as its new board chairman. McLaughlin previously served as chairman and CEO of Palo Alto Networks. He will replace Jeff Henderson, who will remain on the board. The stock was little changed.


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: elizabeth myong
Keywords: news, cnbc, companies, revenue, making, ceo, moves, million, reported, quarter, cents, myriad, hours, share, tilray, loss, stocks, secondquarter, realreal, biggest, company


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