Alibaba Group, the massive Chinese online retailer, posted stronger than expected fiscal second quarter earnings on Wednesday morning and the stock is popping. The Chinese online retailer posted earnings of 5.26 Chinese yuan per share against analyst expectations of 4.69 Chinese yuan. Revenue came in at 34.3 billion yuan against the 33.9 ... Read More »
Investors Real Estate Trust (NYSE: IRET) (NYSE: IRETPR) (NYSE: IRET PRB) has scheduled a conference call for Friday, September 9, 2016 at 10:00 a.m. Eastern Time to discuss the Company’s first quarter 2017 financial and operating results. IRET’s quarterly report on Form 10-Q for the fiscal first quarter ended July ... Read More »
Lackluster earnings reports out early Wednesday balanced against assessments on the market trajectory to leave crude oil prices in mixed territory. Hess Corp. and Norwegian energy company Statoil were among those reporting weak results in their latest disclosures. This year saw crude oil prices so far drop below $30 per ... Read More »
Estimated quarterly earnings for Exxon Mobil Corp. were down about 60 percent from last year, the company said, pointing to sharply lower energy prices. Exxon reported second quarter earnings at $1.7 billion, compared with $4.2 billion during the same quarter for 2015. “While our financial results reflect a volatile industry ... Read More »
