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Under Armour to Cut 3% of Workforce, Shares Jump

Under Armour to Cut 3% of Workforce, Shares Jump

Under Armour Inc. (NYSE: UAA) said on Thursday that its restructuring program will now cost more than it previously expected: It plans to cut about 400 jobs, or about 3% of its global workforce, by March.Under Armour shares jumped nearly 7% in midda..

Facebook Will Now Fact Check Pictures and Videos

Facebook Will Now Fact Check Pictures and Videos

Facebook Inc. (NASDAQ: FB) will start fact-checking images and videos, the Company said Thursday, expanding its review efforts to posts that are traditionally harder to monitor."People share millions of photos and videos on Facebook every day. ..

Palo Alto Networks, Inc Earnings outperforms Earnings Estimate

Palo Alto Networks, Inc Earnings outperforms Earnings Estimate

Palo Alto Networks, Inc. (NYSE: PANW), an entity of Zacks Security industry, announced fiscal Q4 earnings of 1.28 per share, outperforming the Zacks Consensus Estimate of USD 1.17. The cybersecurity firm which specializes in advanced firewall protec..

Dick’s Sporting Goods Misses Sales Expectations, Blames Under Armour

Dick’s Sporting Goods Misses Sales Expectations, Blames Under Armour

Shares of Dick’s Sporting Goods (NYSE: DKS) dropped more than 9% on Wednesday morning following a report that the retailer sold less merchandise during the second quarter than analysts were expecting.The sporting-goods retailer earned USD 1.20..

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..

Disney Shares Fell as Earnings Miss Estimates

Disney Shares Fell as Earnings Miss Estimates

The Walt Disney Company (NYSE: DIS) on Tuesday announced its third fiscal quarter revenue and earnings that miss expectation. The stock fell over 2% in the extend hours.Total revenue was USD 15.23 Billion in the quarter ended June 30, 2018, missing ..

Asia Stocks Rise as Wall Street Gains

Asia Stocks Rise as Wall Street Gains

Supported by positive Wall Street earnings, Asian stocks rose on Wednesday. However, trade tensions remained in focus before a meeting of the U.S. and European Commission Presidents.According to Reuters, now that the trade spotlight is on Europe, th..