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Amazon looms as a specter over Alphabet earningsAs Alphabet prepares to Q3 earnings on Thursday, the looming threat of Amazon has spoked investors.
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Alphabet misses Q3 revenue targetsGoogle parent company Alphabet is set to report its Q3 financial results on Thursday.
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Here comes Shake Shack... (SHAK) | Markets InsiderShake Shack Q3 Comp sales -0.7% (+0.9% expected)
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Endo stock rises 6% after Q3 beats and upbeat 2018 guidanceEndo International PLC shares rose 6% in Thursday premarket trade after the company reported third-quarter adjusted profit and revenue beats and upbeat 2018 guidance. The company reported a net loss of $173.2 million, or a loss of 77 cents per share, after a loss of $96.7 million, or a loss of 43 cents per share in the year-earlier period. Endo said its adjusted earnings-per-share from continuing operations were 71 cents, above the FactSet consensus of 59 cents. Revenue declined to $745.5 million from $786.9 million in the year-earlier period, above the FactSet consensus of $694.9 million. The latest results reflect Endo's voluntary market withdrawal of the opioid pain medication Opana ER (notably, at the Food and Drug Administration's request), the company said, along with other factors like competitive pressures and discontinuations of U.S. generic drugs. Growth in the quarter, meanwhile, came from the company's launch of the antibiotic ertapenem for injection, an authorized generic for the brand-name of the antibiotic, Merck's Invanz, and continued growth in its U.S. brand-name sterile injectables products. Endo now expects 2018 revenue of $2.87 billion to $2.92 billion, above the FactSet consensus of $2.81 billion, and adjusted EPS from continuing operations of between $2.65 and $2.75, above the FactSet consensus of $2.60. Company shares have declined 1.2% over the last three months, compared with a 1.5% decline in the S&P 500 and a 2.3% rise in the Dow Jones Industrial Average .
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Uber growth slowed and losses widened between Q2 and Q3, as company expands into new businessesUber's losses have ticked up and growth has slowed from last quarter according to the company's self-reported financials.
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Walmart reports Q3 adj. profit beat, revenue missWalmart Inc. reported a third-quarter adjusted profit beat and revenue miss early Thursday. Company shares declined 0.5% in premarket trade. Earnings for the latest quarter came to $1.71 billion, or 58 cents per share, representing a 2% decline from the year-earlier period. Adjusted earnings-per-share were $1.08, compared with the FactSet consensus of $1.01, which excludes a 48 cent loss on an equity investment in JD.com, a 3 cent charge for foreign currency after the sale of a majority stake in Walmart Brazil and a 1 cent benefit related to tax reform. Revenue rose to $124.89 billion from $123.18 billion, below the FactSet consensus of $125.42 billion. Walmart now expects fiscal year 2019 adjusted EPS of $4.75 to $4.85, in line with the FactSet consensus of $4.80 and representing an increase from a previous guidance cut announced in mid-October. Walmart shares have risen 12.5% over the last three months, compared with a 4.1% decline in the S&P 500 .
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EA shares fall sharply on earnings — CEO says 'we did not perform to our expectations'EA falls 10% on earnings — CEO says 'we did not perform to our expectations'
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