Category: Company News

Weight Watchers Stock Has Its Best Day Since 2015

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Analysts are enthusiastic after the company released a better-than-expected earnings report. 

It’s been a rocky year for weight-loss company Weight Watchers. The company’s shares are down more than 60% from a year earlier as it struggles to hang onto its subscriber base. 

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Lyft Remains Stagnant Despite Strong Q2

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Lyft’s Q2 earnings report sparks short-lived gains…

Lyft released a strong Q2 earnings report on Wednesday. This comes just a few months after the company’s disappointing IPO.

The release revealed stronger-than-expected sales and revenue, which sparked a 13% increase in share prices during after-hours trading.

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Aurora Cannabis Shares Rise on Production Guidance Updates

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The company released its fiscal fourth-quarter guidance this week … and things look smokin’ hot. 

Cannabis companies are a hot topic on Wall Street. Increasingly, states in the U.S. are passing legislation legalizing cannabis and it is likely that at some point, federal legislation will be passed.

The Canadian company Aurora Cannabis continues to be one of the most highly regarded companies in the Canadian cannabis industry. It leads the market in production capacity and has the largest global presence in the cannabis sector. 

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Why Did Disney Miss Q3 Expectations?

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Disney stock drops after disappointing earnings…

Not a great start to the week for Disney investors. The company released its third-quarter financial results yesterday, which missed Wall Street’s expectations.

After the company’s Q3 earnings were made public, Disney’s stock dropped 4% in after-hours trading.

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Senators Eye Google’s Use of Temps and Contractors, Request Better Conditions and Benefits

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Could a new effort by U.S. legislators change the game in terms of how big tech companies manage their labor forces?

U.S. lawmakers want to hold Google accountable for its labor practices.

A letter sent out July 25 takes aim at Google’s use of independent contractors and temp workers, of which the company employs over 120,000. That’s 19,000 more people than the company has on its roles as regular full-time employees.

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Musk Eyes China Expansion With ‘Boring’ Firm

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Elon Musk’s The Boring Company is anything but dull…

But many Americans haven’t heard of this Hyperloop-related play on transportation. That’s changing as The Boring Company grabs more attention in the transportation sector, partially by expanding its international ambitions.

Will tunnels become the new travel technology?

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Pinterest Stock Soars Thanks to Strong User Growth

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The company increased its guidance for the rest of the year. 

It’s been a good week for Pinterest investors. The company’s shares are up thanks to a strong earnings report. During the second quarter, Pinterest added more monthly users and beat revenue expectations. The company also raised its full-year guidance. 

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Key Findings From GM’s Q2 Earnings Report

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GM beat estimates despite a dip in sales…

General Motors released its Q2 earnings report yesterday, the results came as a welcome surprise to investors. Despite lower sales in China, GM was able to surpass analyst expectations for sales and revenue in the company’s most recent fiscal quarter.

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Altria Stock Falls on Declining Cigarette Sales

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The company’s shares are down 2% year to date… 

On Tuesday, Altria shares fell after the company released its second-quarter earnings report. The company’s shares did rebound slightly by Thursday, though they’re still down 17% from a year earlier.

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