Month: February 2019

Dropbox stock rose slightly and then fell more as much as 3 percent after the tech company reported better-than-expected fourth-quarter earnings on Thursday. Here’s how the company did: Earnings: 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv. Revenue: $375.9 million, vs. $370 million as
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The winner of the prestigious best picture award at this year’s Oscars will get a bump at the box office — but it probably won’t be huge. Following their respective nominations in January, “Black Panther,” “BlacKkKlansman,” “Bohemian Rhapsody,” “The Favourite,” “Green Book,” “A Star Is Born” and “Vice” all resurfaced at cinemas, with theater owners
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JPMorgan Chase is tearing down walls and moving its San Francisco investment bankers onto “hot desks,” a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities. Shared workspaces have been relatively slow to catch on at banks, but JPMorgan is following recent renovations by some
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Kraft Heinz is feeling the squeeze as the brand falls behind food consumption trends and faces other mounting struggles, Wolfe Research analyst Scott Mushkin told CNBC on Friday. Management is catching heat from its connection to cost-cutting private-equity giant 3G Capital, but the food and beverage giant’s revamp of products such as Oscar Mayer is
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Shares of Roku jumped 18 percent Friday after the company reported fourth quarter 2018 earnings Thursday afternoon that beat analyst estimates. Roku reported earnings of $0.05 per share compared to $0.03 expected by analysts, according to Refinitiv. The company also surpassed revenue estimates of $262 million, per Refinitiv, reporting $276 million in revenue for the
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The second SpaceX launch of 2019 sent a hodgepodge trio of spacecraft into orbit, including an Israeli spacecraft that represents the first privately-funded lunar mission. SpaceX launched a Falcon 9 rocket on Thursday evening from Cape Canaveral Air Force Station in Florida. This was the third successful mission for the company’s rocket booster, which launched
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Domino’s on Thursday reported quarterly earnings and revenue that missed analysts’ expectations. Shares of the company plunged 8 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $2.62, adjusted, vs. $2.69 expected Revenue: $1.08 billion vs. $1.10
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