22, Mar, 2019
Amazon stock drops sharply during earnings call after company warns of increased investments

Sales

Amazon beat on earnings and revenues—here’s what three experts are saying about the stock now   8 Hours Ago | 02:39 Amazon’s fourth-quarter results beat estimates, but weak guidance and general concerns about slowing growth and heavier investments in 2019 dragged the stock down in after hours trading. Here are the […]

Kiyoshi Ota | Bloomberg | Getty Images Attendees wait in line to play video games on Nintendo Switch game consoles during the new console’s unveiling in Tokyo on Jan. 13, 2017. Nintendo is less optimistic about how many of Switch units it will manage to sell by the end of […]

Shares of Nvidia tanked as much as 17 percent Monday after the company lowered its revenue guidance for the fiscal fourth quarter citing “deteriorating macroeconomic conditions, particularly in China.” The stock pared some losses by midday and ended trading 14 percent down. The drop trimmed more than $13 billion off […]

There are two wings to the Facebook empire: sales and engineering. Engineering is the domain of CEO Mark Zuckerberg. Sales is COO Sheryl Sandberg’s. Engineers like to work comfortably and quietly. Sales is loud. Engineering is young and very male. Sales skews older and more diverse. Most engineers can go […]

The number of companies warning of a slowdown in China is growing, with both construction machinery company Caterpillar and chipmaker Nvidia blaming weaker demand in the country for disappointing figures, a bad omen for the global economy. “Sales in Asia/Pacific declined due to lower demand in China, partially offset by […]

Not all was well in Toy Land in 2018. Sales in the industry fell 2 percent last year as toy manufacturers endured their first Christmas without Toys R Us in more than 60 years, according to a new report. In the U.S., customers spent $21.6 billion on toys last year, […]

The worst could be over for the iPhone, according to top Apple analyst Ming-Chi Kuo. The analyst with TF International Securities — among the first to point to shrinking handset sales — now sees “limited downside risks for Apple and iPhone suppliers’ share prices.” iPhone shipments for Apple’s fiscal second […]