Articles written by: Josh Clayton

Expedia Second-Quarter Results Beat Expectations

Expedia Second-Quarter Results Beat Expectations

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 […]

Chipotle Mexican Grill Lifts Full-Year Revenue Forecast

Chipotle Mexican Grill Lifts Full-Year Revenue Forecast

Chipotle Mexican Grill (CMG), a chain of fast-food restaurants, reported late on Tuesday second-quarter results that beat guidance, with the company raising its revenue outlook for the full-year 2019. Revenue increased by 13.2% to $1.43 billion during the three months that ended June 30, from $1.27 billion a year ago, beating the $1.41 billion average analyst estimate compiled by Capital […]

Microsoft Fourth-Quarter Beats Expectations

Microsoft Fourth-Quarter Beats Expectations

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 […]

Investors Should Focus on Second-Half Earnings Guidance, Buybacks After Any Fed Cuts, Morgan Stanley Says

Investors Should Focus on Second-Half Earnings Guidance, Buybacks After Any Fed Cuts, Morgan Stanley Says

With an interest-rate cut from the Federal Reserve later this month already factored into the market, Morgan Stanley said investors should be looking to earnings guidance and slowing share repurchases. The investment bank on Monday said in a note that “poor” earnings are generally expected and the focus will be on guidance for the second half of this year and […]

Facebook’s Cambridge Analytica Settlement Delayed Due to FTC Split

Facebook’s Cambridge Analytica Settlement Delayed Due to FTC Split

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 […]