A single Wall Street analyst is responsible for skewing the revenue picture of the whole stock market. UBS analyst Brian Meredith slashed his fourth-quarter revenue estimate for Berkshire Hathaway on Tuesday, bringing the consensus forecast down to $48.4 billion from $63.5 billion for the Warren Buffett-led company, according to data provider Refinitiv. Because of the
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Domino’s on Thursday reported quarterly earnings and revenue that missed analysts’ expectations. Shares of the company plunged 8 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $2.62, adjusted, vs. $2.69 expected Revenue: $1.08 billion vs. $1.10
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Newly released court documents paint the clearest picture yet of what the joint health-care venture between Amazon, J.P. Morgan and Berkshire Hathaway is up to. The three companies created the still-unnamed, not-for-profit joint venture in January 2018. Since then, the venture, known as ABC, has named renowned surgeon, author and speaker Dr. Atul Gawande as
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CVS Health on Wednesday reported mixed fourth-quarter results. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $2.14, adjusted, vs. $2.05 expected Revenue: $54.42 billion vs. $54.58 billion expected For the full year of 2019, CVS forecasts adjusted earnings between $6.68
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This is a developing story. Check back here for updates. Federal Reserve officials judged that a “patient” approach to interest rate hikes would be prudent as they continued weigh various headwinds to growth, according to meeting minutes released Wednesday. The central just released the summary of its policy meeting Jan. 29-30, with the market watching
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Garmin reported quarterly results that beat Wall Street estimates on Wednesday on the back of higher demand for its smartwatches and navigation systems and forecast full-year revenue above expectations. Shares of the company rose 4.2 percent to $73.97 in light trading before the bell. Garmin, which started as a navigation device maker, has benefited in
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Disney and Nestle have paused advertising on YouTube after reports of a pedophile network rampant in the comments of monetized videos, according to Bloomberg. Fortnite maker Epic Games has also paused some advertising, a spokesperson confirmed to CNBC. The controversy stems from reports that pedophiles have latched onto videos of young children, often girls, marking
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A Chinese state-run newspaper claimed in an editorial published late Tuesday that the U.S. faces greater pressure to resolve its ongoing trade war with China because failed negotiations would likely have major consequences for stocks worldwide. On Tuesday, the S&P 500 rose after U.S. President Donald Trump again indicated the world’s two largest economies might
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