International Business Machines Corp. (NYSE: IBM) reported late on Wednesday that its fiscal second-quarter net income fell 17% as restructuring expenses (charges related to job cuts) and softness in hardware and software sales put pressure on the bottom line. [...]
Restoration Hardware Holdings Inc. (NYSE: RH) skyrocketed about 20% by midday trading after the home furnisher, late last evening reported very strong fiscal fourth quarter results and provided upbeat guidance on the fiscal first quarter and full-year. The Company reported earnings of 64 cents a share, while analysts’ consensus estimate was for earnings of 60 [...]
Shares of Spirit Airlines Incorporated (NASDAQ: SAVE), an airline company that provides services principally throughout the domestic U.S., have edged higher in trading today. At last check, SAVE shares were trading 2.89% higher at $24.79 on above average volume of 1.23 million. The stock hit a 52-week high of $25.64 earlier today. In the last [...]
Shares of International Business Machines Corp. (NYSE: IBM), an information technology company, have risen sharply in early trading today after the company reported strong fourth-quarter financial results. [...]
Shares of Intel Corporation (NASDAQ: INTC), a designer and manufacturer of integrated digital technology platforms, are down sharply in trading today. At last check, INTC shares were trading 3.76% lower at $21.51 on volume of 4.62 million. The stock hit a 52-week low of $21.26 in trading today. INTC shares are falling after the company [...]
In a move to diversify away from stagnating PC market, struggling semiconductor manufacturer, Advanced Micro Devices (NYSE:AMD) announced that it will be lunching energy-efficient server platform focused on vast data and cloud computing—the first major result of its acquisition of SeaMicro. [...]
With an aim to expand its reach in online software application segment, tech giant, International Business Machines Corp. (NYSE: IBM) has announced plans to acquire its smaller rival Kenexa Corp. (NYSE: KNXA) in an all cash deal estimated at $1.3 billion, representing a 42% premium over Friday’s closing price of Kenexa’s stock. [...]
Berkshire Hathaway (NYSE: BRK.A) shareholders are getting ready for their annual meeting, which will be held in Omaha, Nebraska this weekend. As BRK.A shareholders prepare for their annual pilgrimage, there is likely to be one major question on their mind; the health of Warren Buffett, the Chairman and CEO of Berkshire Hathaway. [...] |
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