Month: October 2017

Check out the companies making headlines after the bell: Mondelez International‘s stock climbed nearly 5 percent in the extended session after the company posted higher-than-expected third quarter earnings. Shares of Voyager Therapeutics dropped 12 percent after hours. Sanofi said it would end a collaboration with Voyager to develop a Parkinson’s disease treatment. Shares of Allison
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Add online brokerage accounts to the list of things that can be hacked for gain. A Pennsylvania resident describing himself as a day trader piggybacked off trades made in hacked brokerage accounts to generate $700,000 of illicit profit, federal prosecutors in Brooklyn and the Securities and Exchange Commission said Monday. Joseph Willner faces charges of
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In 2001, Seattle-based Brooks Running made a strategic decision to focus on only one category within sports retail, and the company never looked back, according to Chief Executive Jim Weber. That category was running. For the latest quarter, Brooks reported double-digit revenue growth, boosted by sales of the company’s shoes for avid runners, including Brooks’
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“I think on a year-on-year basis there will be multiple jumps on profit because of the low base last year, which was, in turn, caused by a one-off expense last year. But on a quarterly basis, the third-quarter profit will probably be lower than the second quarter due to decline in income and some jump
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He may be one of Wall Street’s biggest bears, but that doesn’t mean veteran market watcher David Rosenberg isn’t finding places to put money to work. Gluskin Sheff’s chief economist and strategist is just going halfway around the globe to do it. “The one part of the world which looks very good to me right
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Apple fans may be miffed about the supply chain delays hitting the much-anticipated new iPhone X, but Apple investors don’t have much to worry about, according to a Wall Street analyst. “It’s certainly better than the alternative,” meaning lower demand, Andy Hargreaves, an analyst at KeyBanc, told CNBC’s Power Lunch on Friday. Pre-orders for Apple’s
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Intel raised its full-year outlook and reported quarterly earnings that easily topped analysts’ expectations on Thursday. Here’s how the company did compared with what Wall Street expected: Adjusted EPS: $1.01 vs. 80 cents expected, according to Thomson Reuters Overall revenue: $16.15 billion vs. $15.73 billion expected, according to Thomson Reuters Client computing revenue: $8.86 billion
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With President Donald Trump reportedly changing his mind “every day” about who he will appoint to chair the Federal Reserve, many are doubting whether Federal Reserve Chairwoman Janet Yellen is likely to stay on for a second term. One former Dallas Federal Reserve CEO said she should not even want the appointment. “If I could
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Check out the companies making headlines after the bell: Buffalo Wild Wings shares were halted briefly before soaring more than 20 percent after hours. The company’s third quarter earnings beat earnings estimates by analysts who were surveyed by Thomson Reuters. The restaurant chain also raised its earnings forecast for the year. Amgen‘s stock fell more
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Shares of Buffalo Wild Wings on Wednesday jumped more than 20 percent in after-hours trading after the company posted higher-than-expected earnings for the third quarter. The restaurant chain also raised its earnings forecast for the year. It now expects 2017 EPS, on an adjusted basis, to come in at $4.85 to $5.15. In July, it
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