Baidu (BIDU) Shares Jump on Impressive Earnings Beat Baidu (BIDU), the so-called Google of China, released third quarter earnings late Thursday that pleasantly surprised the market, sending BIDU shares firmly higher for Friday's trading session. Per-share profits actually fell on a year-over-year basis, but the bottom line of $1.43 per share was better than the $1.24 per share of BIDU analysts...
PayPal (PYPL) Stumbles in Its Inaugural Quarter While not disastrous, third-quarter results from digital-payment processor PayPal (PYPL) were certainly lackluster given the amount of hype surrounding the company before and after it was spun off from online-auction giant eBay (EBAY) just a few weeks ago. Last quarter, PayPal booked an operating profit of $377 million, or 31 cents per share,...
Amgen (AMGN) Tops Q3 Estimates on Strong Enbrel Sales Biotech (IBB) (XBI) (FBT) (XLV) company Amgen (AMGN) was expected to do well in the third quarter of 2015, but it significantly exceeded expectations thanks to strong sales of its arthritis drug Enbrel. All told, Amgen earned $2.72 per share on $5.7 billion in sales versus analyst expectations for a profit of...
Ford (F) Barely Misses Earnings Estimates, Stock Pays a Sizeable Price Ford Motor Company (F) more than doubled its third-quarter earnings on a year-over-year basis, though it still fell short of expectations, sending F shares down more than 3% on Tuesday morning. It was a close one, to be fair. The per-share profit of 45 cents barely missed the 46...
Xerox (XRX) Stumbles on Earnings, Unclear Restructuring Plans After a few too many disappointing quarters, Xerox (XRX) has finally recognized it needs to overhaul itself if it ever wants to thrive again. The good news is, the company managed to top earnings estimates for its third fiscal quarter of 2015. When all was said and done, the profit of 24...
Google Parent Company Alphabet (GOOGL) Rallies Big On Earnings Not only did Alphabet (GOOGL) (GOOG) post impressive earnings and revenue growth last quarter, but it impressively topped expectations. For the quarter ending on September 30th, Alphabet earned $7.35 per share on revenue of $18.7 billion. Those figures topped analyst estimates of $7.20 per share of GOOGL and $18.54 billion in sales....
Rising Home Prices and Existing Home Sales Confirm Strength of Real Estate Market On Tuesday of this week we learned that September's housing starts and the number of building permits issued, though not red hot, pointed to a continued growth trend favoring homebuilders like PulteGroup (PHM) and Hovnanian (HOV). That strength was underscored today by numbers that, although not directly...
eBay (EBAY) Breaks Out Following Earnings Contrary to many assumptions, online auction site eBay (EBAY) looks like it's doing just fine without online payment partner PayPal (PYPL) being under the same umbrella. The first eBay earnings report that didn't include PayPal's results were released after the close on Wednesday, and were notably better than expected. All told, eBay earned 43...
Yahoo! (YHOO) Q3 Earnings Point to a Pullback All things considered, Yahoo! (YHOO) could have done worse last quarter. On the flipside, it could have done better as well. The market saw the glass as half-empty rather than half-full, however, in that YHOO shares were down in after hours trading following the internet company's post-close report of Q3 results. All...
Building Starts, Permits Still Marching Forward The slow, steady rebound of the home construction industry is still moving along, with the number of starts as well as the number of building permits issued extending forward progress that dates all the way back to 2011. Last month, the United States saw an annualized pace of 1.206 million home-starts… the second-highest level...
