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Roku Emphasizes Growing Viewership
Markets / Stocks

Roku Emphasizes Growing Viewership

Roku (ROKU) management said during a “well-attended” investor group meeting on Wednesday that viewership is rapidly growing and inventory mix is being monetized, Oppenheimer said in a note to clients. Investor questions reportedly focused on the Roku Channel, video on-demand revenue and inventory sharing economics, ad monetization and Amazon’s (AMZN) deal with Best Buy (BBY), the firm said. “On The […]

Amneal Shares Rise
Business News / Markets

Amneal Shares Rise

Amneal Pharmaceuticals (AMRX) shares advanced in Thursday morning trading after the specialty pharmaceutical company said it has received final FDA approval on its “Abbreviated new drug application” for a generic version of Welchol tablets, 625 mg. Shares rose 2.5% in early trading. Amneal said it has immediately started commercialization activities for this first-to-market opportunity. “We are pleased to be one […]

CytomX Therapeutics To Present Positive PROCLAIM Data at Oncology Conference
Markets / Stocks

CytomX Therapeutics To Present Positive PROCLAIM Data at Oncology Conference

CytomX Therapeutics (CTMX) indicated that preliminary data from the PROCLAIM-072 phase 1/2 trial evaluating CX-072 showed initial signs of antitumor activity for both CX-072 monotherapy and the ipilimumab combination, in a difficult-to-treat, late-stage patient population for whom approved PD-agents are not available. These data suggest that CX-072 is well tolerated and shows an encouraging, emerging safety profile as a monotherapy […]

Buyback Plan, Strong Dividend Yield Will Limit Cisco Downside
Markets / Stocks

Buyback Plan, Strong Dividend Yield Will Limit Cisco Downside

Cisco (CSCO) reported solid April-quarter results and provided in-line guidance and every region exhibited annual order growth for only the second time since the fiscal third quarter of 2016, Oppenheimer said. “Strong momentum for new solutions – Catalyst 9000, HyperFlex, AppD – keeps us positive on Cisco’s competitive positioning in key core markets although weakness in enterprise routing is something […]

Walmart Reports First-Quarter Earnings
Markets / Stocks

Walmart Reports First-Quarter Earnings

Walmart (WMT) reported first-quarter earnings and revenues that were above expectations amid e-commerce sales that were up 33%. The company said in the quarter that ended on April 30, earnings came in at $1.14 a share, topping consensus compiled by Capital IQ for $1.12. On a reported basis, earnings per-share were $0.72, down from $1 a year earlier, the company […]

Luminex Q1 Profit Meets Estimates
Markets / Stocks

Luminex Q1 Profit Meets Estimates

Luminex’ (LMNX) adjusted EPS rose to $0.25 in Q1 from $0.22 a year earlier, meeting analysts’ expectations in a Capital IQ poll. Revenue rose 6% to $82.7 million from a year ago, exceeding the $80.52 million forecasts. For Q2, Luminex expects revenue to be between $78.5 million and $80 million and reaffirms its full year 2018 revenue guidance of between […]

Zillow Group Just Tops Q1 Sales Estimate
Business News / Markets

Zillow Group Just Tops Q1 Sales Estimate

Zillow Group (ZG, Z) dropped 5.5% after the company said Q1 total revenue rose 22% to $299.88 million from the year-ago period and just beat the CapIQ mean for $298.7 million. Non-GAAP EPS fell to $0.07 from $0.11 last year but met expectations. Q2 sales are seen between $322 million to $327 million, below the Street’s $347.2 million. FY sales […]