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A former WeWork employee is suing over Adam Neumann’s $1.7 billion golden parachute

“A former employee is taking WeWork to court over cofounder Adam Neumann’s reported $1.7 billion golden parachute” writes Finanzen Net Gmbh for businessinsider.com. Neumann’s reported leaving package is “substantially unfair” and would cause “significant damage” to minority shareholders as the value of their stock and stock options has been “eviscerated due to Neumann’s wrongdoing,” the lawsuit claims. Source: businessinsider.com

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Duke Energy’s stock gains after profit rises above expectations, but revenue comes up shy

“DUK, -0.84% rose 0.5% in premarket trading Friday, after the electricity generating company reported a third-quarter profit that beat expectations but revenue that came up shy” writes Reporter Editor for marketwatch.com. Duke’s stock has gained 7.3% year to date through Thursday, while the Dow Jones Utility Average DJU, -1.41% has rallied 17.6% and the Dow Jones Industrial Average DJIA, +0.66% has climbed 18.6%.The company revised its 2019 adjusted EPS guidance range, which raised the midpoint of the guidance, to $4.95 to $5.15 from $4.80 to $5.20. Source: marketwatch.com

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PG&E swings to loss on $2.5 billion wildfire-related charges, raises full-year outlook for charges

“The company raised its 2019 IIC guidance to $6.2 billion to $6.3 billion from guidance provided in August of $5.20 billion to $5.66 billion” writes Reporter Editor for marketwatch.com. Excluding “items impacting comparability” (IIC), such as a $2.5 billion charge for wildfire-related claims, adjusted earnings per share fell to $1.11 from $1.13, above the FactSet consensus of $1.03.PCG, -2.31% sank 3.5% in premarket trading Thursday after the utility swung to a large third-quarter loss, citing charges for claims related to wildfires and raised its outlook for full-year charges, but also…

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CVS Beats Q3 Earnings Forecast, Lifts 2019 Guidance

“CVS Health Corp. (CVS – Get Report) posted stronger-than-expected third quarter earnings Wednesday, and lifted its full-year profit guidance as last year’s acquisition of Aetna continues to support the group’s surging revenue growth” writes Martin Baccardax for thestreet.com. Group revenues, CVS said, rose 36.5% to $64.8 billion, again topping analysts’ forecasts of a $63 billion tally.CVS shares were marked 3.71% higher following the earnings release to change hands at $69.85 each, a move that would extend the stock’s six-month gain to around 24%.CVS said adjusted earnings for the three months ending in…

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CVS Health’s stock surges after profit and sales beats, raised guidance

“The company raised its adjusted EPS guidance range to $6.97 to $7.05 from $6.89 to $7.00” writes Reporter Editor for marketwatch.com. CVS, -1.06% jumped 3.8% in premarket trading Wednesday, after the drugstore and health services company reported third-quarter earnings that beat expectations and raised its full-year outlook. Source: marketwatch.com

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Plantronics stock plunges more than 25% after earnings guidance slashed

“PLT, -3.10% shares dove more than 25% in extended trading Tuesday, after the company slashed its earnings guidance more than 40% and said it would pull back on pushing product into sales channels for the holiday season” writes Jeremy C for marketwatch.com. Analysts on average had expected adjusted earnings of $1.34 a share on sales of $482.9 million, according to FactSet.After removing stock-based compensation and several other costs, Plantronics said it had earnings of $1.24 a share, down from $1.51 a share a year ago. After closing with a 3.1%…

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Pandora swings to unexpected loss and cuts revenue guidance

“Danish jeweler Pandora AS swung to an unexpected third-quarter net loss and cut its revenue growth guidance Tuesday as the company continues to work through an extensive turnaround program” writes Dominic Chopping for marketwatch.com. Analysts polled by FactSet had expected net profit of DKK455 million on revenue of DKK4.68 billion.The company PNDORA, +2.75%  posted a net loss in the quarter of 119 million Danish kroner ($17.8 million) from a profit of DKK951 million in the same period a year earlier, as revenue fell 11% to DKK4.42 billion. Capital expenditure for…

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Ferrari posts strong 3rd quarter earnings and ups guidance for 2019

“The Italian luxury carmaker said that pre-EBITA adjusted earnings would be around 1.27 billion euros ($1.42 billion) this year, topping a previous forecast of 1.2-1.25 billion euros, Reuters reported” writes Matthew Debord for businessinsider.com. Reuters added that “Milan-listed shares in Ferrari rose by more than 6% to a new all-time high of 153.70 euros after its results.”.  Source: businessinsider.com

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Bausch Health loss narrows in latest quarter

“Revenue at its Salix segment rose 20% to $551 million, revenue at ortho dermatologics fell 16% to $147 million, while revenue from diversified products fell 5% to $336 million” writes Ciara Linnane for marketwatch.com. The company, which was formerly called Valeant, said revenue at its Bausch & Lomb/International segment rose 2% to $1.175 billion.Adjusted net income came to $425 million, the company said. Source: marketwatch.com

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