Finance Update

Cabot Oil and Gas Q4 earnings misses estimate; Cash Flow & Reserves Jump

Cabot Oil and Gas Corp missed Wall Street estimates for quarterly profit on Friday Companies like Cabot, which sells natural gas to industrial customers and power generation facilities, have been trying to increase production from the Marcellus area. The company said it would focus more on developing the Lower Marcellus region. By Arundhati Sarkar on […]

Finance Update

Dropbox Inc forecasted drop in current-quarter operating margins

Dropbox expects drop in first-quarter operating margin, shares fall File sharing and storage company Dropbox Inc shares down nearly 11% on 22nd Feb after forecasting drop in current-quarter operating margins. TFM Watch (Reuters) – File sharing and storage company Dropbox Inc forecast a drop in current-quarter operating margins from a year earlier, sending its shares […]

Finance Update

Israel’s Wix.com sees 25% revenue growth in 4th quarter 2019

Israel’s Wix.com fourth-quarter profit up, sees 25 revenue growth in 2019 TEL AVIV (Reuters) – Wix.com, which helps small businesses build and operate websites, posted higher-than-expected fourth-quarter profit and forecast a 25 percent rise in revenue in 2019. It reported on Wednesday a net profit of 42 cents per share excluding one-time items, up from […]

Finance Update

Cathay Pacific Airways profit beating expectations; HK$2.3 billion ($293.05 million) for 2018

Cathay Pacific Airways sees 2018 profit beating expectations, shares surge Shares surged by as much as 6.6 percent to their highest level since June 2018 after the market reopened for the post-lunch session. (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on February 20 it expected to swing to an annual profit of about […]

Finance Update

Albemarle Corp posted higher than expected 4th quarter profit

Albemarle bullish on lithium outlook after fourth quarter profit (Reuters) – Albemarle Corp, the world’s largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday and gave a bullish 2019 outlook, saying it sees nothing that could slow demand for the white metal used to make electric car batteries. The forecast for sales growth of […]

Business News M&A World News

Millicom buys Spain’s Telefonica for $1.65 billion

Millicom spends $1.65 billion on Telefonica Central America mobile businesses (Reuters) – Millicom International Cellular, a cable and mobile operator in Latin America and Africa, said on Wednesday it bought the mobile telecommunications assets of Spain’s Telefonica in Panama, Costa Rica and Nicaragua for $1.65 billion. Telefonica has long been rumoured to want to sell […]

Finance Update World News

GoDaddy first-quarter revenue forecast misses estimates

(Reuters) – GoDaddy Inc forecast current-quarter revenue on Wednesday that missed analysts’ estimates, sending its shares down more than 2 percent and overshadowing the web hosting company’s strong fourth-quarter results. For the first quarter, GoDaddy expects total revenue between $705 million and $715 million, while analysts were expecting $716.3 million, according to IBES data from […]

Finance Update

Shaily Engineering Plastics: A disappointing Q3, but don’t overlook its long-term prospects

MoneyControl Report: Shaily Engineering Plastics: A disappointing Q3, but don’t overlook its long-term prospects. Highlights: – After the recent correction, the stock offers value – Traction in the home furnishing segment will be crucial to overall growth – Utilisation rate at the medical packaging facility will have a bearing on the margins – Crude price volatility may impact […]

Finance Update World News

PC maker Lenovo’s Delivers Strong Performance in Q3 profit and beats expectations

Lenovo Delivers Strong Performance with Highest Quarterly Revenue in Four Years and Record Pre-Tax Income. Highest quarterly revenue for four years (since Q3 FY14/15) – US$14 billion, up 8.5% year-on-year (YOY) and 6th consecutive quarter of YOY revenue growth All-time record high PTI of US$350 million – jumped 133% YOY Recorded net income of US$233 […]