GoPro Swings to Q3 Profit on Cost Reduction

Action camera manufacturer GoPro, Inc. (NASDAQ: GPRO) reported a swing to profit in the fiscal 2017 third-quarter, compared to a net loss in the year-ago period. The Q3 revenues also rose 37% on y-o-y basis. Still, the stock plunged to $7.50 levels. GoPro’s fourth-quarter guidance was below analysts’ estimates. That caused a decline in the […]

Caterpillar Beats Q3 Estimates, Raises FY17 EPS View

The stock of earth moving equipment manufacturer Caterpillar Inc. (NYSE: CAT) recorded a new 12-month high of $140.44 last Tuesday. The company, a Dow component, reported an exceptional fiscal 2017 third-quarter results that beat analysts’ estimates. The earnings beat is commendable for the simple reason that analysts’ have raised their estimates by about 30% in […]

JnJ Tops Q3 Analysts Estimate, Raises FY17 Outlook

The healthcare company Johnson & Johnson (NYSE: JNJ) reported a better-than-anticipated fiscal 2017 third-quarter results that beat analysts’ estimates. The company also raised its full year earnings and revenue estimates. The market reacted positively to the results and pushed the stock price to a high of $142.93. However, we anticipate a correction in the stock […]