Micron Technology Inc. is dealing with an “unprecedented” oversupply problem, but whether it gets worse or better in the near-term is up for debate. However, analysts had different ideas about Read more
Tag: Profit Warnings
Chinese developer CIFI shares dive amid default concerns
Shares of CIFI Holdings (Group) Co 884, -29.13%. fell sharply on Wednesday, following reports that an entity related to the Chinese developer had missed a debt payment. The stock fell Read more
There’s some good news amid the FedEx gloom, says analyst
Shares of FedEx Corp. fell Friday, as the package delivery giant’s warning of a disappointing earnings report didn’t go far enough, but some analysts found reason to be optimistic. The Read more
PayPal stock falls after downgrade as analyst worries about margin impacts of its ‘engine’
PayPal Holdings Inc. continues to see traction with its Braintree online-payments product, but that may not be all good news, according to an analyst. Susquehanna’s James Friedman downgraded PayPal shares Read more
U.S. stock futures edge lower as Fed decision looms over market
U.S. stock futures edged lower as the Federal Reserve gets set to kick off its two-day interest-rate-setting meeting, with a profit warning from Ford Motor Co. the latest example of Read more
Roblox stock drops as Wall Street sees a ‘Pandora’s box of problems’
Roblox Corp.’s stock continued to sell off Friday as analysts questioned growth initiatives presented at the social-media company’s investor day on Thursday and August performance that came in lower than Read more
The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.
U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% Read more
Why FedEx’s stock plunge is so bad for the whole stock market
FedEx Corp.’s profit warning has cast a pall on the broader stock market, as a record plunge in the package delivery giant’s stock has helped trigger one half of a Read more
Nvidia sales forecast falls about $1 billion short of expectations, stock falls
Nvidia Corp. executives on Wednesday forecast another revenue shortfall in the current quarter, after confirming an earlier warning by showing off a sharp reduction in profit. For the fiscal third, Read more
Walmart stock gains after profit and sales beat expectations, and outlook was raised
Shares of Walmart Inc. powered higher toward a three-month high Tuesday, after the discount retail behemoth reported fiscal second-quarter profit and revenue that beat expectations, and raised its full-year earnings Read more