Category: Uncategorized

Shares of Electronic Arts Inc. fell in Thursday’s extended trade after the video game company reported better-than-expected quarterly earnings but issued a weak full year revenue outlook. EA reported its fiscal first-quarter earnings rose to $442 million, or $1.32 a share, from $335 million, or $1.04 a share, a year earlier. On an adjusted basis, EA earned 15 cents a share, ahead of the 2 cents a share forecast by analysts. Revenue slid to $1.2 billion from $1.21 billion but still above the $654 million projected by Wall Street. The company projected 2016 adjusted EPS of $2.85 and revenue of $4.3 billion versus analysts’ estimate of $2.80 a share and $4.8 billion in revenue. Shares of EA were off 2% in after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Amgen Inc. shares rose in the extended session Thursday after the biotech topped Wall Street estimates for the second quarter. Amgen shares advanced 1.9% to $175 on moderate volume. The company reported adjusted earnings of $2.57 a share on revenue of $5.37 billion. Analysts surveyed by FactSet had estimated $2.43 a share on revenue of $5.32 billion. Amgen said it expects adjusted 2015 earnings of $9.55 to $9.80 a share on revenue of $21.1 billion to $21.4 billion, while analysts surveyed expect earnings of $9.62 a share on revenue of $21.13 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

LinkedIn Corp. on Thursday reported a loss of $68 million, or 53 cents a share, in the second quarter, compared with a loss of $1 million, or 1 cent a share, a year ago. Adjusted for one-time items, the company reported earnings of 55 cents a share, up from 51 cents a share a year ago. Sales hit $712 million, up from $534 million a year ago. Analysts polled by FactSet had expected the company to report adjusted earnings of 30 cents a share on sales of $680 million. Shares of LinkedIn soared 13% in after-hours trading after ending the regular session down 2.1%. The company said it expects 2015 revenue of about $2.94 billion, a 33% year-over-year growth, and adjusted 2015 EPS of about $2.19 per share. The analysts surveyed by FactSet had expected 2015 EPS of $1.93 a share.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Mutual fund investors continued to move out of emerging markets and commodities funds into Europe and Japan in the wake of China’s stock market turmoil and a decline in commodities prices, according to EPFR Global Inc. on Thursday. “Over the past three weeks more than $2.5 billion has been redeemed from EPFR Global-tracked Commodities Sector Funds and over $14.5 billion from Emerging Markets Equity Funds in anticipation of tighter U.S. monetary policy,” said EPFR in a statement. Among emerging markets, Russia Equity Funds saw the largest redemption on the back of falling oil prices, economic sanctions by the West and a weak currency. In contrast, Europe, Japan and Global Equity Funds witnessed inflows during the week ended July 29 as investors sought shelter in the event of a Federal Reserve rate hike, according to EPFR.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Cybersecurity firm FireEye beat earnings expectations Thursday as the company’s fast-growing revenue helped losses narrow, but the financial executive who has overseen the company’s rapid rise is departing for a startup. FireEye reported a net loss of $133.6 million, or 87 cents a share, on sales of $147.2 million, with losses falling to 41 cents a share after adjustments for share-based compensation and other factors. Analysts surveyed by FactSet had expected adjusted earnings of 48 cents a share on sales of $143.2 million. FireEye, which grew sales 56% year over year and decreased losses as a percent of revenue from 83% to 43%, also said Chief Financial Officer Michael Sheridan would leave the company in early August to be CFO “at a private technology company in an unrelated industry.” Frank Verdecanna, vice president of finance, will take over the role on an interim basis as FireEye conducts an external search to replace Sheridan, who has been in the position since 2011. Shares fell 6% in late trading after closing with a 0.5% gain at $47.76.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

U.S. stocks ended Thursday’s choppy session little changed after data showed the economy picked up its pace in the second quarter, leaving the Federal Reserve on track to raise interest rates as soon as September. The S&P 500 ended flat at 2,108.74. The Dow Jones Industrial Average slipped 5 points to 17,746.45. The Nasdaq Composite ended the session up 17 points, or 0.3%, at 5,218.78.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

SoulCycle Inc. said Thursday it plans to go public. In a filing with the Securities and Exchange Commission, the New York-based fitness company calls itself a “rapidly growing lifestyle brand that strives to empower our riders in an immersive fitness experience.” It citing compounded studio growth of 73% from 2012 to 2014. The company said it hopes to raise up to $100 million through its initial public offering but did not say how many shares it plans to issue or what ticker symbol it would trade under. SoulCycle said its business is concentrated on the East and West coasts, with studios in the New York, Los Angeles and San Francisco areas generating 95% of its $34.8 million in revenue in the first three months of 2015. “We may not find as much demand in other markets and our brand may not gain the same acceptance,” the company said. It also cautioned that it has benefited “from favorable publicity related to celebrities riding in our studios. If in the future we lose such celebrity ridership, this could have a negative effect on our business.”

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

3D printing stocks fell after Stratasys Ltd. Thursday reported weak quarterly results and withdrew its full year outlook due to a lack of clarity on when business conditions will improve. The 3D printer maker posted second-quarter earnings of 15 cents a share, below the 16 cents a share projected by analysts in a FactSet survey. Revenue totaled $182 million, missing estimates of $184 million. For the third quarter, the company expects earnings per share of 3 cents to 13 cents and revenue in a range of $175 to $190 million versus 45 cents a share and revenue of $215 million forecast by analysts. Shares of Stratasys slumped to a 52-week low of $30.25 before paring losses to $32.72. 3D Systems Corp. dropped 8.8% to $13.88 and ExOne Co. slid 2.6% to $9.04.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

MasterCard Inc. and Samsung Electronics Co. Ltd announced on Thursday they will extend their partnership and deliver mobile payment service Samsung Pay to Europe. The partnership will leverage the MasterCard Digital Enablement Service, allowing European card issuers to connect to the service and activate Samsung Pay when it launches, according to a statement. European cardholders will be able to pay via near-field communication and magnetic-stripe technology. Samsung Pay is scheduled to launch in the U.S. and South Korea later this summer, but has not announced plans for Europe. Apple Inc.’s Apple Pay, Samsung Pay’s biggest competitor, launched in the U.K. earlier in July. Samsung is down 8% in the year to date, while MasterCard is up 14%. The S&P is up 2% in the year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

By Alyssa Sparacino

Ding! Ding! Ding! It’s a battle of the budgets again in the latest High/Low Challenge from HGTV Magazine. In one corner you have a yellow x-bench with nailhead trim. In the other corner you have—wait a minute—a yellow x-bench with nailhead trim. At first glance, these two opponents may seem quite similar, but they actually weigh in at very different price tags. Place your bets by entering September’s High/Low Challenge, and you could take home a loaded HGTV Magazine prize package that includes a copy of the new September issue, an HGTV Magazine umbrella, and an HGTV Magazine hot/cold travel food container—a brand new item.

Here’s how: Choose which bench you believe is priced high and which is priced low, and leave your guess in the comments section below (i.e. Left: Low, Right: High). You must answer correctly for a chance to win. And don’t wait—the entry period ends tomorrow at 2 p.m. sharp.

…read more

From:: HGTV