Bed Bath & Beyond Inc reported quarterly results that missed analysts’ expectations.The New Jersey-based company reported adjusted earnings of 58 cents per share, while the average estimate expected by analysts was 66 cents per share. The home retailer posted revenue of $2.74 billion, which was also below the expected $2.8 billion.
The German Ifo Business Climate measures the level of a composite index based on surveyed manufacturers, builders, wholesalers, and retailers. Last month’s value was 114.6, above the forecast of 113.1.
Google launched a new service that makes it easier for you to hunt for your dream job. The feature will search for positions in all major online job boards like LinkedIn, Facebook, Monster, DirectEmployers, WayUp, CareerBuilder and others.
Verizon finally closed the deal for acquiring Yahoo Inc’s core business worth $4.48 billion.
The number one US wireless operator will combine Yahoo’s main business with AOL to form Oath. The new venture will be led by AOL CEO Tim Armstrong and will combine popular brands like Huffington Post (from Verizon) and others like Tumblr and Flickr (from Yahoo).
Dell Technologiesreported fiscal 2018 Q1 loss of $1.33 billion, or $2.57 per share, compared toprofitin the same period a year ago. Adjusted earnings were 1.12 per share and Q1 revenue came at $17.8 billion.
VMWare reported fiscal-first-quarter net income of $232 million or 56 cents per share. Adjusted earnings were 99 cents per share, above analysts’ expectations of 96 cents per share. Revenue also surpassed forecasts-analysts had expected $1.7 billion, while the company posted $1.74 billion. Read more