Amazon.com, Inc.(NASDAQ:AMZN) shares jumped as much as 14 percent in after-hours trading on news of quarterly results that beat analysts estimates. The giant internet retailer hit an earnings of 45 cents per share for the quarter covering October to December, 1 cent more than twice Wall Street’s consensus expectations of 17 cents per share. Quarterly…
Covidien plc (COV), DIRECTV (DTV), TRW Automotive Holdings Corp. (TRW): Top 3 Stock Holdings of Alpine Associates
Covidien plc (NYSE:COV), DIRECTV (NASDAQ:DTV), TRW Automotive Holdings Corp. (NYSE:TRW) are the top three investment bets of Alpine Associates, as per its recent SEC 13F filing. The investment manager has its primary investments in service, technology, and basic material industry. Covidien plc (NYSE:COV) is the largest stock investment of Alpine Associates with 2,388,600 shares of…
Microsoft Corporation (MSFT) Shares Down on Sluggish Business-License Sales
Microsoft Corporation (NASDAQ:MSFT) slipped 10 percent on Tuesday after the software firm reported results for the quarter that beat expectations, but with a warning that a strong dollar together with a sluggish PC market will adversely affect growth for the current year. In a statement released on Monday, Microsoft reported that revenue gained from commercial-licensing…
Apple Inc. (AAPL)’s Quarter Results Skewed Towards iPhone Sales
Apple Inc. (NASDAQ:AAPL) have its iPhone sales to thank for in its quarter results that beat analysts’ estimates. A Counterpoint Research indicates that compared to the same period for 2013, iPhone sales were up 26 percent on a global scale for November of 2014, which greatly enhanced performance for the October to December quarter. With the…
International Business Machines (IBM) Stocks Down, Limits Gains on ECB Bets
International Business Machines Corp. (NYSE:IBM) shares declined 3.1 percent to $152.16, one day after reporting a weak quarterly result and a 2015 forecast that fell below estimates. The decline limited gains made by U.S. stocks on the Dow on news of stimulus from ECB (European Central Bank), but the blue-chip-index got a boost after UnitedHealth…
Delta Air Lines, Inc. (DAL) Reports $712 Million Fourth Quarter Loss on Fuel Hedging, Bullish Prospects for the Year
Delta Air Lines, Inc. (NYSE:DAL) posted a loss of $712 million on fuel hedge settlements in its fourth quarter results, although the carrier beat analysts expectations. Adjusted pre-tax profit is at $1 billion for the quarter, bringing the annual pre-tax profit at $4.5 billion. Revenue soared by 6 percent by the quarter to $9.65 billion,…
AT&T Inc. (T) Reports $10 Billion in Charges for Fourth Quarter Results
AT&T Inc. (NYSE:T) estimates a total loss of about $10 billion prior to tax as per its fourth quarter results. The amount, according to the company’s regulatory filing, accounts for a $7.9 billion cost of changes in retiree and benefit plans, while the remaining $2.1 billion accounts for a noncash charge on copper assets that…
Dollar General Corp. (DG) Failing Family Dollar Stores, Inc. (FDO) Bid
Dollar General Corp. (NYSE:DG)’s bid for Family Dollar Stores, Inc. (NYSE:FDO) may soon come to a finish, after the discount retailer hinted that it would need additional time for its bid to get approval from regulators. In a statement, Dollar Green noted that certifying compliance with the second request for information from the Federal Trade…
Bank of America Corp (BAC) Post Weaker Fourth Quarter Results on Low Interest Rates
Bank of America Corp (NYSE:BAC) disappointed Wall Street with a 14 percent decline on fourth quarter results, reporting a quarterly earnings of $2.74 billion, at 25 cents per share applicable to common shareholders, on revenue of $19 billion after tax adjustments. Analysts on average expected earnings at 32 cents a share, while earnings on the…
Intel Corporation (INTC) Shares Slide on Weak First Quarter Outlook
Intel Corporation (NASDAQ:INTC) shares was down in after hours trading on Thursday on news of a gloomy first quarter, after the chipmaker have posted fourth quarter that beat expectations. Currently trading at $36.19 per share at the NASDAQ, Intel stock was down 2.8 percent, or as much as $35.16, in extended session before closing to…