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Gap Shares Tumble Same-store Sales for Gap Stores Miss Expectation

Gap Shares Tumble Same-store Sales for Gap Stores Miss Expectation

Gap Inc. (NYSE: GPS) on Thursday announced second quarter revenue and earnings that beat analysts’ estimates, but comparable sales for its Gap brand missed analysts’ expectations, sending its shares down more than 10%.The apparel Company..

Walmart and Ellen Degeneres to launch fashion line

Walmart and Ellen Degeneres to launch fashion line

Walmart Inc. (NYSE: WMT) announced today that it will be working with Ellen Degeneres to launch a new women’s fashion line called EV1, which will debut in September of this year. The fashion line will feature close to 60 items, ranging fr..

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung plans to spend USD 22 Billion in the next three years on developing artificial intelligence, 5G, automotive electronic parts and biopharmaceuticals. This comes as part of the earlier announced USD 160 Billion investment on research, developm..

Boeing Company Shares Dropped After Second-Quarter Results

Boeing Company Shares Dropped After Second-Quarter Results

The Boeing Company (NYSE: BA) reported its second-quarter earnings and revenue on Wednesday. Shares of Boeing dropped 3.2% in premarket trade today.According to the company, revenue for the second quarter increased to $24.3 billion, which beat analy..

Wall Street Remains Divided on Netflix’s Second Quarter

Wall Street Remains Divided on Netflix’s Second Quarter

Netflix Inc. (NASDAQ: NFLX) shares have surged 110% this year alone, becoming the best performer in the S&P 500. Despite its rally, Deutsche Bank warns that the tech giant may miss its second quarter subscriber estimates, but Wall Street remains..

Pepsico's Second-Quarter Earnings Beat Expectation

Pepsico's Second-Quarter Earnings Beat Expectation

On Tuesday, PepsiCo, Inc. (NASDAQ: PEP) announced its financial results for the second quarter of fiscal 2018. Both earnings and revenue beat analysts’ estimates, and shares of the company rallied 1.7% in premarket trading on Tuesday.According..

Sonic's Shares Dropped After Revenue Missing Estimates

Sonic's Shares Dropped After Revenue Missing Estimates

Sonic Corp. (NASDAQ: SONC) released its financial results for the third quarter of fiscal 2018. With earnings beating expectations but revenue missing estimates, shares of the company dropped 7% in the extended session on Tuesday.“Our third qu..