Facebook’s (FB) multibillion-dollar settlement with the Federal Trade Commission over the Cambridge Analytica scandal has been delayed due to a split between Republicans and Democrats at the regulator, the Wall Street Journal reported on Friday, Facebook said in April that it was expecting to pay up to $5 billion for the settlement with the FTC over the privacy mishap. Sources […]
T-Mobile US (TMUS) and Sprint (S) may sell Boost Mobile for up to $3 billion, according to Reuters. The report said a group of potential buyers are preparing bids for Boost for up to that value. To receive FCC approval for their merger, the companies had to offer concessions, including the sale of Boost to reduce the combined company’s market […]
Western Digital (WDC) is scheduled to report earnings after the close on Monday, and while the company is enthusiastic about a second half recovery, Morgan Stanley analysts said they are “convinced” that there is too much inventory for that to happen. “WD does have an offsetting tailwind as hard disk drive margins should recovery through the year, but still from […]
Keurig Dr Pepper (KDP) on Thursday reported second-quarter earnings that beat expectations, led higher by a higher gross margin rate that also beat views. The company said adjusted diluted per-share earnings in the quarter ended June 30 rose to $0.30 from adjusted pro forma diluted EPS of $0.26 in the prior-year period. Capital IQ’s consensus was for $0.29. Net sales […]
Keurig Dr Pepper (KDP) on Thursday reported second-quarter earnings that beat expectations, led higher by a higher gross margin rate that also beat views. The company said adjusted diluted per-share earnings in the quarter ended June 30 rose to $0.30 from adjusted pro forma diluted EPS of $0.26 in the prior-year period. Capital IQ’s consensus was for $0.29. Net sales […]
Booz Allen Hamilton (BAH), a technology and management consulting firm, reported better-than-expected results for its fiscal 2020 first quarter as revenue from its biggest client, the US government, advanced. Total revenue rose to $1.83 billion from $1.65 billion in the same period of last year, ahead of the consensus on Capital IQ for $1.79 billion, amid strength in client demand […]
Online travel booking website Expedia (EXPE) posted better-than-expected revenue and earnings for its fiscal second quarter after markets closed on Thursday, buoyed by high-singe digit growth in gross bookings. The Bellevue, Wash.-headquartered company reported revenue of $3.15 billion in the three months ended June 30, up 9% from the corresponding quarter of the prior year. This also exceeded the consensus […]
Microsoft (MSFT) posted better-than-expected results for its fiscal fourth-quarter as recurring subscription revenue and transactional strength in Japan drove growth in its Office Consumer Products and Cloud Services offering while sales from its Server Products soared. The Redmond, Wash.-based technology major, which returned $7.7 billion to shareholders during the period, generated $33.72 billion in revenue during the fiscal fourth quarter […]
Facebook’s (FB) multibillion-dollar settlement with the Federal Trade Commission over the Cambridge Analytica scandal has been delayed due to a split between Republicans and Democrats at the regulator, the Wall Street Journal reported on Friday, Facebook said in April that it was expecting to pay up to $5 billion for the settlement with the FTC over the privacy mishap. Sources […]