CenturyLink stock falls 7% after earnings show declining sales, profit

CenturyLink Inc. CTL, -1.82% shares dropped more than 7% in after-hours trading following an earnings report that showed sales and profit declining faster than expected. The telecommunications firm reported third-quarter profit of $272 million, or 25 cents a share, on sales of $5.82 billion, down from $6 billion a year ago. After adjustments for the recent Level 3 acquisition and […]

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BT Group sees earnings in upper half of guidance

BT Group PLC (BT.A.LN) said Thursday that it anticipates adjusted Ebitda for fiscal 2019 to be in the upper half of its guidance range, after posting higher earnings for the first half. Adjusted earnings before interest, taxes, depreciation and amortization–BT’s preferred profit measure which strips out specific items–for the six months to Sept. 30 increased 1.9% to 3.68 billion pounds […]

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Samsung profit swells, but phone sales a worry

SEOUL–Robust sales of memory chips and displays helped generate another record profit for Samsung Electronics Co. in the third quarter, but the company’s outlook isn’t looking nearly as bright. The world’s largest maker of smartphones and semiconductors Wednesday said it logged a third-quarter net profit of 13.15 trillion South Korean won ($11.5 billion), an all-time high and a gain of […]

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Finisar stock trading at highest level since January after earnings

Shares of Finisar Corp. FNSR, +13.76% are up 10.8% in Friday’s session, and they’re currently trading at their highest levels since January. The optoelectronics company reported an earnings beat Thursday and delivered a higher-than-expected earnings outlook. Jefferies analyst George Notter wrote that he saw "positive changes from the company" on the cost-cutting front, including with plans to outsource some manufacturing […]

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SEC settled charges telecom service company executives with accounting fraud

The Securities and Exchange Commission charged Tangoe Inc., formerly a public telecommunications expense management company, and four of its executives for allegedly using fraudulent accounting practices to artificially boost company revenues. Tangoe Inc. allegedly improperly recognized approximately $40 million of revenue out of a total of $566 million reported between 2013 and 2015, according to the SEC complaint. Tangoe did […]

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Trump slams social-media companies for ‘censorship’ of the right

President Trump on Saturday threatened action against social-media companies, saying they were suspending accounts in a manner that was “totally discriminating” against conservatives. Tweeting from his golf resort in Bedminster, N.J., Trump said unnamed social-media companies were “closing down the opinions of many people on the RIGHT, while at the same time doing nothing to others.” “Speaking loudly and clearly […]

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Investors Get Defensive With Shift to Health Care

The past week, investors have been moving money into more safe-haven sectors like health care and away from higher-risk categories. Namely, they are shifting funds from technology and financial stocks toward the health care sector, according to Bank of America Merrill Lynch’s monthly fund managers survey. Investors took $3.6 billion from equity mutual funds and ETFs, including $2.6 billion from […]

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Goldman Sachs Hires Top JP Morgan Dealmaker Simon

Goldman Sachs Group Inc said in an internal memo on Friday it had hired a top JPMorgan Chase & Co dealmaker, Kurt Simon, as a partner and vice chairman of its investment banking division. A Goldman Sachs representative confirmed the contents of the memo. A JP Morgan representative confirmed the departure. A move to a rival firm for a banker […]

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3 ETFs to Buy Following Net Neutrality Repeal

The concept of net neutrality has been around since the dawn of the internet. In a nutshell, net neutrality means that internet service providers (ISPs) provide equal access to all content across the web without throttling content and/or blocking certain websites. (See also: What You Should Know About Net Neutrality.) Net neutrality rules were put in place by the Obama […]

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