Apple's earnings per share nearly doubled last quarter, and its performance the previous quarter was almost just as good. But Apple's shares are only up 11% in the last six months, trailing the Nasdaq. Here's why the stock could be set to take off.
Last year saw a surge in stock repurchases -- companies like ExxonMobil, Walmart and Microsoft bought back shares at record levels. Buybacks can be seen as a cash giveaway to investors, and they boost earnings per share. But there's a strong reason to be wary of companies that do buybacks.
After a long, painful transformation from an online auction site to a mobile-focused e-commerce hub, eBay is finally staging a comeback, online and on Wall Street. But auction sales don't account for its rousing recovery. For that, it has PayPal to thank.
Last year, stocks rose as cost-cutting helped businesses set record profits. But its not too late to buy in, says venture capitalist Peter Cohan: With the corporate world's focus shifting to sales growth, and profits likely to beat expectations, stocks still look undervalued.
After much anticipation, General Motors finally revealed details of its public offering of stock, which is expected later this month. The automaker plans to raise $13 billion.
The chief software architect was the perfect visionary foil to strategy-obsessed CEO Ballmer. His entrepreneurial mind pushed the stodgy software giant to innovate in cloud computing and more. That's a role Microsoft will sorely miss.
Tylenol and Band-Aid maker Johnson & Johnson announced on Tuesday that its sales declined 0.7% to $15 billion in the third quarter, compared to the same quarter last year, as domestic sales were "significantly impacted" by recent successive recalls. Domestic sales declined 2.5%.
When companies use the word "immaterial" to describe errors or irregularities in their previously reported numbers, what they're trying to say is that their mistakes involved such small amounts that they don't really matter. Too often, though, that's not really the case.
For the first time, the privately owned Swedish furniture retailer, Ikea Group, has disclosed its financial results. The retailer, known for its low cost yet stylish furniture, is doing very well.
GM reported Wednesday that sales fell 25% year-over-year in August as the recovery appeared to stall and cautious consumers held back on buying cars. But despite the downturn, GM officials said they remain upbeat that the hard-hit auto industry will continue to improve in the months ahead.
