Nvidia stock falls after earnings fail to change any minds

Nvidia Corp. can’t predict what will happen the rest of the year, and analysts on a whole disagree on what that means for the stock. After Nvidia reported an earnings beat Thursday afternoon but pointedly did not reiterate earlier annual guidance, analysts were split about what to do with that information Friday: Five dropped their price targets and seven increased […]

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Richemont net profit up on one-off gain, sales up

Compagnie Financiere Richemont SA (CFR.EB) said Friday that its net profit for the year ended March 31 rose on a one-off gain. The Swiss luxury-goods group said net profit for fiscal 2019 was 2.79 billion euros ($3.12 billion), up from EUR1.22 billion the previous year. Analysts had seen Richemont’s net profit at EUR2.96 billion, according to a consensus estimate provided […]

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Amazon Lockers are driving people to Whole Foods, but they’re staying less than 5 minutes

When customers say they want to run into Whole Foods to pick up a few things, they might not be talking about groceries. Whole Foods Market has seen an increase in foot traffic in the first quarter of 2019 versus the same quarter in 2018, according to data from inMarket, a marketing campaign and customer engagement specialist. However, the grocer, […]

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Farfetch shares fall after widening losses

Farfetch Litd. FTCH, +7.38% shares fell more than 5% in the extended session Wednesday after the online clothing retailer reported wider-than-expected losses but beat consensus revenue estimates. The company reported first-quarter net after-tax losses of $109.2 million, or 36 cents a share, compared with after-tax losses of $50.7 million, or 20 cents a share, in the year-ago period. Adjusted for […]

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I-T probing post-demon Mumbai realty deals

Over 16,000 cases of undisclosed capital gains reflect high cash use or unrealistic guideline values The business of property in the country’s most expensive real estate market may have seen a considerable presence of cash in the wake of demonetisation, recent data analysis by the Income Tax (I-T) department shows. I-T officials have identified undisclosed income by way of capital […]

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Tilray CEO says marijuana companies lied about how much pot they could grow

Tilray Inc. Chief Executive Brendan Kennedy said late Tuesday that the cannabis producer would have sold a lot more weed if growers in Canada hadn’t lied about how much pot they could actually grow. Tilray TLRY, +4.88%  reported quarterly earnings Tuesday afternoon, and sales continued to ramp slower than many investors expected. Kennedy said that while there was a widespread […]

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