Business Newser

Check out the companies making headlines after the bell: Netflix shares dropped as much as 8% in extended trading Tuesday after posting better-than-expected first-quarter earnings and disappointing second-quarter guidance. The streaming platform posted earnings per share of 76 cents, beating estimates of 57 cents. Revenue was $4.52 billion, topping Wall Street’s estimates of $4.5 billion,
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United Continental Holdings, the parent company of United Airlines, reported first-quarter earnings Tuesday that beat Wall Street profit expectations but fell shy of revenue estimates as the airline grapples with the prolonged grounding of Boeing’s 737 Max jets. Here’s what the company reported versus what analysts polled by Refinitiv expected: Adjusted earnings per share: $1.15
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Activist investor Praesidium Investment Management said Tuesday that it’s taken a new stake in cloud-based education software company Instructure. Praesidium manager Kevin Oram, who filed a 13D with the Securities and Exchange Commission on Monday, said that despite the company’s big investments in new business, its stock looks cheap. Oram detailed the investment from 13D
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BlackRock, the world’s largest asset manager, reported a better-than-expected first-quarter profit and garnered tens of billions of new investor cash as global financial markets rebounded from a volatile fourth quarter. Net income attributable to BlackRock fell to $1.05 billion, or $6.61 per share, in the three months ended March 31, from $1.09 billion, or $6.68
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Johnson & Johnson‘s mounting legal costs ate into its first-quarter profits, which dropped 14% as it fights thousands of lawsuits over its talc baby powder and shelled out almost $400 million to settle 25,000 cases over its blockbuster blood thinner Xarelto. Still, the health company on Tuesday reported better-than-expected earnings, and its shares closed up
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CNBC’s Jim Cramer on Monday suggested that President Donald Trump stop targeting Federal Reserve Chairman Jerome Powell and let the chief carry out his current monetary policy plan. In a Sunday tweet on, Trump doubled down, again, on his criticism of Powell in the wake of the Federal Open Market Committee’s move to raise the
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Check out the companies making headlines after the bell: Shares of J.B. Hunt sank more than 4% in extended trading Monday following the release of the transportation company’s first-quarter results. J.B. Hunt reported earnings per share of $1.09 on revenue of $2.09 billion. Wall Street was looking for earnings per share of $1.26 on revenue
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The ties between Apple and Disney are well documented. Disney CEO Bob Iger sits on the Apple board. Apple co-founder Steve Jobs also co-founded Pixar Animation Studios, which he sold to Disney in 2006. Jobs became Disney’s largest individual shareholder after the transaction with approximately 7 percent of the company’s outstanding shares, and served on
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Once you’ve filed your return, talk to your tax professional about the drivers behind that surprise tax bill. The Tax Cuts and Jobs Act, the overhaul of the tax code that went into effect last year, raised the standard deduction to $12,000 for singles ($24,000 for married-filing-jointly), suspended personal exemptions and limited itemized deductions. The
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