GameStop, the biggest video game retailer in the United States, has projected its first-quarter revenue below the estimates of financial analysts. The company blamed sluggish hardware sales and the lack of major videogame releases.
Although Amazon posted its highest quarterly profits on Thursday, it still failed to impress Wall Street by missing its estimates badly. This sent its shares down in after-hours trading more than 13 percent.
HeartWare's move to purchase Valtech Cardio is not disappointing news after all. Analysts have shared that the company could actually be making more since the purchase has opened its doors to a $7 billion market.
Time Warner reported an increase of revenue for the second quarter, exceeding analysts’ expectations. The company has identified the sales of video games and television programming as the reason for the rise of their revenue.
Barclays chairman John McFarlane is planning some big changes which include accelerating the execution of the strategy to speed up growth in earnings, return on equity, generation of capital and cutting out the bureaucracy in the company.
European shares fell on Monday, weighed down by worries over a looming cash crunch in Greece, while the dollar rebounded after concern over the U.S. economy drove the currency to four-month lows on Friday.
Wal-Mart Stores said it will start disclosing directly to investors what it spends on lobbying on a state-by-state basis, responding to shareholder pressure to improve transparency on how the retailing giant seeks to influence public policy.
Apple Inc beat Wall Street's revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time, but the company gave no sales figures for its new Apple Watch.