Author: AnswerStock

Canopy Sees Growth After Abysmal Earnings Report

By AnswerStock•

The company lost money and saw its net revenue fall during the fiscal first quarter.

Last week, Canopy Growth released its fiscal 2020 first-quarter earnings report and the results weren’t pretty. The earnings report showed that the company not only lost money but that its revenue fell from the previous quarter. 

Continue reading “Canopy Sees Growth After Abysmal Earnings Report”

Google Assistant’s New Reminder Feature: Helpful or Hindrance?

By AnswerStock•

Will the “reminder” become a common part of how we use the platform?

Google Assistant is building a new service that could potentially revolutionize how we use messaging apps … but is it all it’s cracked up to be? 

Continue reading “Google Assistant’s New Reminder Feature: Helpful or Hindrance?”

Nvidia Stock Rallies on Q2 Earnings Beat

By AnswerStock•

But can the company edge out stiff competition?

Nvidia released its Q2 earnings report for the 2020 fiscal year on Thursday. The company’s sales and profits managed to beat analysts’ expectations, leading to a 7% stock increase during after-hours trading.

These results indicate that, despite a recent slump in orders, demand for the company’s graphics chips and other products may be returning.

Continue reading “Nvidia Stock Rallies on Q2 Earnings Beat”

Yelp Overdelivers on Second-Quarter Promises

By AnswerStock•

Investors are encouraged by the company’s strong earnings report.

In spite of being one of the best-known customer review sites, Yelp has struggled in recent years. Increasingly, consumers are looking to Facebook and Google for company reviews, and this caused the company’s advertising revenue to take a hit.

Then last week, the company delivered its second-quarter earnings report, and the results gave investors reason to be hopeful.

Continue reading “Yelp Overdelivers on Second-Quarter Promises”

JCPenney’s Low Value Jeopardizes Its Stock Exchange Listing

By AnswerStock•

The company has six months to get its stock up to $1 per share.

JCPenney first joined the New York Stock Exchange in 1979, but this week, the company was warned it could be delisted if it doesn’t bring up its stock price. The stock has trailed below $1 since mid-July after a report came out that the company is working with experts to restructure its debt.

Continue reading “JCPenney’s Low Value Jeopardizes Its Stock Exchange Listing”

Microsoft Banks on Collaboration Strategy

By AnswerStock•

Microsoft stock has increased by 275% since bringing on a new CEO…

Satya Nadella took over as CEO of Microsoft in 2014. On his first day, Nadella sent out an email to Microsoft employees indicating his dedication to helping Microsoft thrive in a mobile- and cloud-based world.

In the memo, Nadella explained Microsoft’s need to focus on harnessing the power of software and delivering it through devices to empower consumers and organizations.

Continue reading “Microsoft Banks on Collaboration Strategy”

Walmart Q2 Earnings: What to Expect From the Retail Giant

By AnswerStock•

Will the company raise its guidance for the rest of fiscal 2020?

Walmart is the world’s largest retailer, and analysts always want to see what the company is doing next. Walmart reported positive growth over the last few years and its shares are up nearly 15% year to date. 

And this Thursday, Walmart is set to release its fiscal second-quarter earnings report. The Zacks consensus estimate has Walmart bringing in more than $130 billion in revenue and earnings of $1.21 per share.

Continue reading “Walmart Q2 Earnings: What to Expect From the Retail Giant”