Earnings

Cisco (CSCO) shares down after weak financial outlook

Cisco Systems Inc (NASDAQ:CSCO) announced better-than-expected financial results for the third quarter, but projected weak earnings and revenue for the current quarter. The company also said that it plans to trim 1,100 additional jobs, as it prepares to shift its focus more towards software. San Jose, California –based CSCO, like other leading tech companies, is …

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Earnings Technology

Twitter Inc (NYSE:TWTR) adds 9 million monthly users in the first quarter, shares up

Twitter Inc (NYSE:TWTR) shares jumped nearly 8 percent on Wednesday after the company announced its financial results for the first quarter that beat consensus forecast. The better-than-expected performance was mainly driven by new features and increased users’ interest in political news. The microblogging service said its subscriber growth surged 6 percent to 328 million, as …

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Earnings

McDonald’s Corp. (NYSE:MCD) shares hit new 52-week high after reporting better-than-expected quarterly results

McDonald’s Corporation (NYSE:MCD) shares hit a new 52-week high of $141.99 on Tuesday after the company posted better-than-expected earnings and revenue for the first quarter. The company took several initiatives, such as all-day breakfast and promotions on its famous Big Macs, to lure more customers. Under the supervision of CEO Steve Easterbrook, MCD has closed …

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Earnings

Stocks Rising after Earnings Report: Adobe Systems Inc (NASDAQ:ADBE), Tiffany & Co. (NYSE:TIF)

Adobe Systems Inc (NASDAQ:ADBE) announced its earnings and revenue for the first quarter that beat analysts’ estimates amid increasing demand for its Creative Cloud package of software tools. The company’s shares surged more than 5 percent in the pre-market trading session on Friday following the results. The California-based company said that it earned $398.45 million, …

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