forecasts

JD.com Shares Rise

JD.com Shares Rise

JD.com (NASDAQ: JD) reported their highest ever quarterly profit of $151 million which is far above analyst forecast of a 213 million yuan loss. This marks a 39% rise in revenue which boosted the firm’s shares compared to a 807.9 million ..

Ferrari Raised Full-Year Guidance After Third-Quarter Results

Ferrari Raised Full-Year Guidance After Third-Quarter Results

Ferrari (BIT: RACE), the Italian luxury sportscar maker, announced its financial results for the third quarter of 2017 on Thursday.Revenue for the third quarter increased 7% to 836 million euros, which was in line with analysts’ estimates. The..

Ralph Lauren’s Profit Beat Forecasts

Ralph Lauren’s Profit Beat Forecasts

On Thursday, Ralph Lauren (NYSE: RL) reported quarterly revenue and profit that beat Wall Street predictions following sales of their high end clothing at full price as well as keeping a close eye on costs which brought shares up more than 5%. The c..

Sony Predicts Highest Annual Profit

Sony Predicts Highest Annual Profit

On Tuesday, Sony (NYSE: SNE) announced forecasts of highest ever profit this year by restructuring the company and focusing more on gaming and image sensors. Since March of 1998, the company’s earnings have been soaring due to strong sales of ..

Snap’s Investment in Spectacles backfires

Snap’s Investment in Spectacles backfires

Snap Inc. (NYSE: SNAP) overestimated the amount of sales for the Spectacles. Now, the company is backed up with over hundreds of thousands of unsold Spectacles just sitting in a warehouse waiting to be bought, first reported by The Information...

GM Canada's July Sales Rise 22% in July

GM Canada's July Sales Rise 22% in July

On Tuesday, General Motors Co (NYSE: GM) said that it sold 25,852 vehicles in July in Canada. That’s a 22 percent increase from the year prior. This is a striking contrast to the company’s performance in its home market.The company repor..