FedEx stock tanks after company withdraws outlook, says year is about to get worse
FedEx Corp. shares fell nearly 17% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and said that fiscal 2023 is about to become worse. FedEx FDX, -0.07% said fiscal first quarter was hit by lower volumes globally, a trend […]
Infographic: Adobe (ADBE) Q3 earnings beat Street view; revenue up 13%
[ad_1] Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday announced third-quarter results, reporting adjusted earnings that increased year-over-year and topped expectations. At $4.43 billion, third-quarter revenues were up 13% from the prior-year period and matched the market’s projection. The top line benefited from strong growth by the core operating segments. Net profit, excluding special […]
Altria (MO): A few points to keep in mind if you are considering this tobacco giant
[ad_1] Shares of Altria Group Inc. (NYSE: MO) were down on Wednesday. The stock has dropped 11% year-to-date and 15% over the past 12 months. There is a mixed sentiment surrounding the stock in general. Even though a challenging operating environment and losses on investments have cast a shadow on the company’s prospects, there are […]
Oracle Stock: ORCL is worth adding to your portfolio. Here’s why
The transformation of Oracle Corporation (NYSE: ORCL) from a software firm into a diversified cloud solutions provider accelerated in recent years aided by the mass adoption of digital technology across industries. While overcoming the slowdown in its legacy business, the new model enabled the company to become an industry leader with cloud-powered AI and machine-learning […]