Here are the companies that are making waves in midday trading: 1. Best Buy: Shares of Best Buy surged by almost 6% after the retailer reported better-than-expected earnings for its fiscal second quarter. The company’s adjusted earnings per share came in at $1.22, beating the analysts’ consensus estimate of $1.06. Additionally, Best Buy’s revenue of …
Safra Catz, the Chief Executive Officer of Oracle Corporation, rang the opening bell at the New York Stock Exchange (NYSE) in New York City on July 12, 2023. Brendan Mcdermid | Reuters Take a look at the companies grabbing attention before the market opens. Oracle — The software giant’s stock surged 2.7% following an upgrade …
The remarkable interest from activist-investors in Salesforce (CRM) has continued to decline in the second quarter, according to the latest regulatory filings from influential Wall Street professionals. These prominent investors have also made moves in nine other Club stocks during a strong three-month period that marked the best first half of the market in years. …
Microsoft continues to withhold the specific details of its Azure business, leaving investors to speculate on its revenue compared to Amazon and Google. However, the company has decided to be more transparent about its smaller Dynamics business, which includes software for salespeople, marketers, and customer-service agents. In its recent annual report, Microsoft disclosed that Dynamics …
In a daring move, Google, a company that has long faced allegations of monopolistic behavior, has now filed a complaint against its rival, Microsoft, accusing it of engaging in anti-competitive practices. In a letter to the Federal Trade Commission (FTC), Google alleges that Microsoft uses unfair licensing terms to “lock in clients” and dominate the …
Larry Ellison, the chairman and technology chief of Oracle, spoke at the Oracle OpenWorld conference in San Francisco on September 16, 2019. The company’s recent success has caught the attention of Wall Street and investors. Oracle shares have been rising steadily, reaching a record high for the fifth consecutive day and the eighth time this …