The bad news for Facebook does not extend to its earnings — yet

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The bad news for Facebook does not extend to its earnings — yet

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Tech will dominate this week, but here’s one up-and-coming sector investors shouldn’t overlook

Pinterest tumbles and PayPal soars after payments firm said it won't bid for art-selling network

In premarket trade, PayPal Holdings undefined rallied and Pinterest undefined tumbled after the payments firm said it wouldn't bid for the art-sharing social network. In a terse statement, PayPal said "that it is not pursuing an acquisition of Pinterest at this time." PayPal shares jumped 6% while Pinterest fell 10%. Bloomberg had reported PayPal's interest in buying Pinterest last week.

Kimberly-Clark announces profit warning as company prepares to raise prices

Kimberly-Clark Corp. undefined shares fell 2.7% in Monday premarket trading after the consumer goods company reported third-quarter earnings that missed expectations and lowered its earnings guidance. Net income totaled $469 million, or $1.39 per share, compared with $472 million, or $1.38 per share, last year. Adjusted EPS of $1.62 missed the FactSet consensus for $1.65. Sales of $5.01 billion were up from $4.68 billion last year and ahead of the FactSet consensus for $4.99 billion. "Our earnings were negatively impacted by significant inflation and supply chain disruptions that increased our costs beyond what we anticipated," said Chief Executive Mike Hsu in a statement. "We are taking further action, including additional pricing and enhanced cost management, to mitigate these headwinds as it is becoming clear they are not likely to be resolved quickly." A global restructuring program announced in 2018 is expected to be complete at the end of the year with total charges of $2.1 billion to $2.2 billion pre-tax, and pre-tax annual savings of $550 million to $560 million by the end of 2021. Kimberly-Clark narrowed its sales forecast to growth of 1% to 2% compared to previous guidance of 1% to 4%. Adjusted EPS guidance was lowered to $6.05 to $6.25 from previous guidance of $6.65 to $6.90. The FactSet consensus is for sales of $19.418 billion, implying growth of 1.5%, and EPS of $6.70. Kimberly-Clark stock has fallen 1.3% for the year to date while the S&P 500 index undefined has gained 21% for the period.

Can GE finally deliver breakout earnings, and in which direction?

HSBC earnings more than double as bank announces $2 billion in buybacks

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Holiday earnings forecasts have been lumps of coal so far, and here come the biggest ones

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Opinion: This key stock-market indicator has switched to a ‘buy’ signal

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An Ether futures ETF is next likely step after ProShares watershed bitcoin moment, a former SEC official explains

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Manchin appears on board with Biden’s latest tax plan for billionaires, corporations

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How a change to a crucial piece of stock-market ‘plumbing’ could help all investors

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Huge storm brings ‘potentially historic rain,’ flooding to Northern California

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