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Mark King - 1 Brenda Morris - 1 BTIG - 1 Goldman Sachs - 1 Corning - 1 Fox - 1 Chipotle - 1 — - 1
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Fox Advisors - 2 Virgin Galactic - 1 AMC Networks - 1 Autodesk — - 1 Broadcom - 1 Shattuck Labs - 1 Louisiana - Pacific - 1 TDK - 1

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6 mentions found


☆ Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more
  + stars: | 2024-06-17 | by ( Sean Conlon | ) www.cnbc.com   time to read: +3 min
Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid 15% as the stock's 1-for-20 reverse stock split took effect. The company also announced that Brenda Morris, who served as interim CEO, will remain on its board of directors. Autodesk — Shares gained more than 6% following activist fund Starboard Value taking a $500 million stake in the software company. The company beat earnings and revenue estimates for the second fiscal quarter last week, and it announced a 10-for-1 stock split. Chipotle — The restaurant chain's stock rose nearly 3% ahead of the company's 50-for-1 stock split , which is how it will begin trading at the market open on June 26.
Persons: Mark King, Brenda Morris, BTIG, Goldman Sachs, Corning, Fox, Chipotle, —, Alex Harring, Yun Li Organizations: Virgin Galactic, AMC Networks, Autodesk —, Broadcom, Shattuck Labs, Louisiana - Pacific, TDK, Apple, UBS, Fox Advisors Locations: Louisiana
☆ Still some very attractive valuations in the chip sector, says Steven Fox
  + stars: | 2024-04-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStill some very attractive valuations in the chip sector, says Steven FoxSteven Fox, Founder and CEO at Fox Advisors, discusses the decline in chip stocks this week and where he's finding buying opportunities.
Persons: Steven Fox Steven Fox Organizations: Fox Advisors
☆ Global PC shipments slide in first quarter, Apple takes biggest hit, IDC says
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +2 min
In separate reports published on Monday, market research firms IDC and Canalys blamed weak demand, excess inventory and a bleak economic outlook for the shipment declines of 29% and 33%, respectively. Of the top five PC makers analysed in the reports, Apple saw the largest drop with a fall of more than 40%. Both the research firms also predicted the market could start to recover later this year and gather momentum in 2024 if the economic outlook improves. "We expect significant market upside as consumers look to refresh, schools seek to replace worn-down Chromebooks, and businesses move to Windows 11," IDC said. Reporting by Bharat Govind Gautam and Tiyashi Datta in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.
☆ Uber shares surge on solid profit forecast as rideshare recovery defies inflation
  + stars: | 2022-11-01 | by ( Nivedita Balu | ) www.reuters.com   time to read: +2 min
Nov 1 (Reuters) - Uber Technologies Inc (UBER.N) on Tuesday forecast fourth-quarter operating profit above Wall Street estimates, betting on cost controls and rising demand for its rides as customers resume spending more on travel, sending its shares up 13%. The logo for Uber Technologies is seen on a vehicle in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew KellyThe company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million. Revenue rose 72% to $8.34 billion and adjusted profit was $516 million, both beating estimates. Shares of peers Lyft Inc (LYFT.O) and DoorDash Inc (DASH.N), which are yet to report results, were also trading higher.
☆ Uber share surge on solid profit forecast as rideshare recovery defies inflation
  + stars: | 2022-11-01 | by ( Nivedita Balu | ) www.reuters.com   time to read: +2 min
Monthly active users on Uber's apps rose 14%, exceeding the levels seen in September 2019, helped by airport trips, while revenue from the rideshare segment rose 73% in the third quarter. The company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million. Reuters Graphics"It is just more confirmation that this can be a very profitable business," Fox Advisors CEO Steven Fox said. Revenue rose 72% to $8.34 billion and adjusted profit was $516 million, both beating estimates. Shares of peers Lyft Inc (LYFT.O) and DoorDash Inc (DASH.N), which will report results later this month, also surged 9% and 4%, respectively.
☆ Uber shares surge as rideshare recovery powers operating profit forecast
  + stars: | 2022-11-01 | by ( Nivedita Balu | ) www.reuters.com   time to read: +2 min
Nov 1 (Reuters) - Uber Technologies Inc (UBER.N) on Tuesday forecast fourth-quarter operating profit above Wall Street estimates, betting on cost controls and rising demand for its rides as customers resume spending more on travel, sending its shares up 10%. "It is just more confirmation that this can be a very profitable business," Fox Advisors CEO Steven Fox said, highlighting Uber's goal of $5 billion in operating profit by fiscal 2024. The company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million. Revenue rose 72% to $8.34 billion and adjusted profit was $516 million, both beating estimates. Shares of peers Lyft Inc (LYFT.O) and DoorDash Inc (DASH.N), which are scheduled to report results later this month, were up about 5%.
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