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After-hours buzz: AXP, SNBR, AA & more

“The energy infrastructure company reported earnings that just beat analyst estimates, but revenues fell notably below estimates” writes Scott Eells for cnbc.com. Both earnings and revenues beat expectations and the company raised its full-year guidance.The equipment rental company released earnings and revenues that surpassed Wall Street expectations. Source: cnbc.com Share This:

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AmEx profit tops estimates on customer spending surge

“FILE PHOTO: American Express logo and trading symbol are displayed on a screen at the NYSE in New York Thomson Reuters (Reuters) – Credit card issuer American Express Co’s quarterly profit topped Wall Street forecasts as a strengthening U.S. economy contributed to higher customer spending” reports businessinsider.com. Shares of New York-based AmEx rose 3 percent in after-market trading on Wednesday. Source: businessinsider.com Share This:

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News Stocks 

Netflix shares jump more than 7% after subscriber growth tops Wall Street estimates

“Overall, NFLX continues to execute extremely well, emphasizing its case as the best global, secular growth story in tech,” Anmuth said” writes unknown author for cnbc.com. “NFLX’s content strength & the global, secular shift to Internet entertainment are driving subscriber upside & we believe providing mgmt w/greater confidence into what is normally a seasonally slower 2Q,” J.P. Morgan analyst Doug Anmuth said in a note Tuesday. Source: cnbc.com Share This:

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UnitedHealth’s quarterly profit beats estimates

“FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the NYSE in New York Thomson Reuters (Reuters) – UnitedHealth Group Inc, the largest U.S. health insurer, raised its earnings forecast for the year and posted a quarterly profit that beat Wall Street estimates, helped by strength across its businesses” reports businessinsider.com. The company raised its full-year adjusted earnings forecast to a range of $12.40 to $12.65 per share from a range of $12.30 to $12.60 per share.Net earnings attributable to shareholders rose to…

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Crypto News 

Yes, These Chickens Are on the Blockchain

“Critics say blockchain can be a valuable piece of the food-safety puzzle but caution that it can easily be gamed” writes unknown author for bloomberg.com. Kroger and JD.com, China’s second-largest e-commerce operator, have also joined the same blockchain platform built by International Business Machines Corp.Every chicken it sells under its house brand comes complete with its very own life story, thanks to the wonders of blockchain software.With blockchain, grocers can quickly pinpoint the source, narrowed to a single region or even a single farm.Once in stores, blockchain data—combined with sensors…

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Cloudera falls to its lowest level since going public

“Shares of cloud software company Cloudera fell more than 40 percent Wednesday to all-time lows after the company issued guidance that came in just below Wall Street estimates” writes Matthew Busch for cnbc.com. The company issued guidance Tuesday for the first quarter and fiscal year 2019 that fell just shy of Wall Street estimates for both revenue and earnings.The stock had shed roughly $1.25 billion in shareholder value by midday, despite beating analyst estimates for fourth-quarter earnings and revenue on Tuesday.Chief Financial Officer Jim Frankola said the company expected “uneven…

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Goldman Sachs slashes Apple iPhone sales estimates due to ‘demand deterioration’

“Goldman Sachs has slashed its Apple iPhone sales estimates for the first two quarters of the year” writes unknown author for cnbc.com. The investment bank said for quarter ended March, it is trimming its iPhone sales expectations by 1.7 million units.Apple released the $999 iPhone X last year, with Wall Street’s expectations of sales high.Earlier this month, Rosenblatt Securities’ Jun Zhang, cut his expectations for iPhone X sales for the first half of the year by 5.5 million units. Source: cnbc.com Share This:

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Tencent shares drop after a revenue miss and and a warning about margins

“Shares of China’s Tencent Holdings fell as much as 4.6 percent on Thursday after the Hong Kong-listed internet giant’s results announced a day earlier showed that revenue missed estimates and it warned that planned investments may hurt margins” writes unknown author for cnbc.com. Tencent shares fell to as low as 441.4 Hong Kong dollars ($56.26) in early trading.The company on Wednesday reported a 98 percent jump in quarterly net profit, beating estimates, though revenues rose slower than expected at 51 percent.Company president Martin Lau warned at a briefing on Wednesday…

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Semiconductor stocks are hitting new highs again, yet they’re still cheap

“Semiconductor stocks as a group appear undervalued, especially when you factor in their superior growth rates for sales, earnings and cash flow as compared with the benchmark S&P 500 Index” writes Investing Columnist for marketwatch.com. And the semiconductors as a group are still cheaper than the S&P 500, while showing better growth rates for sales and earnings.Since then, there have been many upward revisions of earnings and sales estimates for 2018, in part because of the tax-reform legislation signed by President Trump in December.According to data provided by FactSet, the…

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