Posts by Kathy Cherpelis
Kathy Cherpelis at Yahoo Finance 5 days ago
It’s keeping up with the Joneses Silicon Valley style.
Google (GOOG) is reportedly planning to propose new headquarters in Mountain View California.
Meantime, Apple’s (AAPL) new 2.8 million square foot spaceship campus in Curpertino is set to open next year.
While Facebook (FB) hired architect Frank Gehry to design its new digs in Menlo Park.
The New York Times reports that Google has tapped high-end London design firm Heatherwick Studio for its new office space and Danish architect Bjarke Ingels to craft the building.
The tech giant’s new bigger Googleplex will include pedestrian and bike paths, and “canopy like” structures according to the Times.
Google is the biggest employer in the area with more than 20,000 employees. It currently takes up 7.3 million square feet of office space. And just to help you visualize just how big its campus really is....picture three Empire State buildings
Kathy Cherpelis at Yahoo Finance 6 days ago
Some big name retailers releasing earnings this morning.
Target (TGT) shares rose in early trading...the retailer reporting a beat on both its top and bottom line for the holiday quarter as sales grew more than 4% from a year earlier. The company has been trying to win back customers by changing up its merchandise and even lowering its free shipping minimum this week.
Lowe's (LOW) shares were higher in the pre-market after the home improvement retailer reported earnings and revenue that topped estimates thanks to strong sales growth during the holiday quarter. This comes a day after rival Home Depot also reported better-than-expected results.
Hewlett-Packard (HPQ) stock fell before the bell. The PC maker that's splitting into two separate companies is warned the stronger dollar will weigh on its results this year. And it reported sales fell nearly 5% from a year earlier, missing analysts estimates.
Kathy Cherpelis at Yahoo Finance 8 days ago
If you're looking to visit the Magic Kingdom-- you'll need to bring more benjamins along with you.
The Walt Disney Company (DIS) is raising ticket prices at its U.S. theme parks for single-day admission.
In California, a ticket for adults and children 10 years or older will set you back $99. That’s a 3% mark up from 2014.
Meantime, in Florida you will have to dish out 6% more than last year or $105 bucks for the Magic Kingdom at Walt Disney World.
A one-day trick to Epcot, Disney’s Hollywood Studios and Disney’s Animal Kingdom will now cost $97, three dollars more than last year.
Yahoo Finance’s Jeff Macke is not surprised.
“Every single year they raise prices…and in fact this is actually a relatively muted price range overall considering the strength we saw in parks,” he points out.
Macke adds their theme parks are packed with attendance reaching records in its holiday quarter.
“The theme parks themselves are responsible about 30% of Disney’s overall revenue, but only just 20% of their profits,” Macke points out.
Macke believes Disney’s price hike will not hurt demand.
Kathy Cherpelis at Yahoo Finance 11 days ago
Earnings continue to grab headlines this morning.
Deere (DE) shares fell in early trading. The big equipment maker reporting sales sunk in its fiscal first quarter because of a slowdown in global farming. And because of that plus the strong dollar, Deere expects sales for the year to decline 17%. Despite the weakness in the agricultural sector, Deere's first quarter profit and revenue topped forecasts.
Nordstrom (JWN) also on investors' watch list this morning. The high-end department store chain issued a weak outlook for the year after reporting earnings that came in below Wall Street views as higher costs related to acquisitions and technology upgrades offset sales growth.
Kathy Cherpelis at Yahoo Finance 12 days ago
Plenty of headlines out of Wal-Mart (WMT) this morning.
Not only did the world’s biggest retailer report earnings...it also said it was giving 500,000 of its workers a raise.
Wal-Mart employees will soon be making at least $9 an hour. However, the higher pay will cut into the company’s profits for the year.
This after it reported mixed results for its holiday quarter. Even though earnings per shares beat estimates on adjusted basis, revenue missed the mark. But U.S. same-store sales growth increased for the second straight quarter. Shares of Wal-Mart are lower on the news.
Priceline (PCLN) shares were higher in the premarket. The online travel service posting a beat on both its top and bottom line in the fourth quarter. Revenue rose more than 19% from a year earlier thanks to an increase in international bookings. But the company said a stronger dollar will hurt earnings and revenue in the current quarter.
Kathy Cherpelis at Yahoo Finance 13 days ago
Investors loading up on shares of two restaurant chains this morning.
Potbelly (PBPB) shares soared in early trading. The sandwich chain reporting a beat on both its top and bottom lines. Revenue rose more than 13% from a year earlier thanks to strong same-store sales growth. But the stock has had a tough time over the past year, down 36% based on yesterday's close.
Jack in the Box (JACK) shares rose in the pre-market. The company posted earnings and revenue that beat forecasts thanks to a big jump in same-store sales at its Mexican-food business Qdoba, which saw a 14% rise in sales.
Hilton (HLT) shares fell before the bell. The owner of Hilton and Waldorf Astoria hotel brands reported an earnings per share miss, but revenue surpassed expectations. Sales rose more than 7% from a year earlier as more business travelers checked in to its hotels as the U.S. economy improved.
Kathy Cherpelis at Yahoo Finance 14 days ago
Some stocks on investors' watch list this morning.
IBM (IBM) will invest $1 billion over the next five years to develop new storage software to help customers manage massive amounts of information stored in data centers and on the cloud. IBM has been rolling out new technology products focused on the cloud to help reverse 11 quarters of declining sales.
A couple of companies announcing changes in the executive suite.
Starwood Hotels & Resorts (HOT) shares were higher before the bell. The owner of Westin and Sheraton hotels said its President and CEO Frits van Paasschen is resigning by mutual agreement. This comes after the company announced last week it would spin off its timeshare business into a separate publicly traded company.
Kathy Cherpelis at Yahoo Finance 18 days ago
King Digital ( KING ) taking the online gaming crown...at least for now. Shares of the mobile game developer soared in early trading after it reported fourth quarter earnings and revenue that topped analysts' estimates as new game releases such as "Candy Crush Soda Saga" offset lack of demand for older titles.
A different story for shares of rival Zynga (ZNGA), the stock fell in early trading. The maker of "FarmVille" and other online games forecasting that sales in the current quarter will be weaker-than-expected after revenue for the holiday period missed expectations as the company struggles to find the next big hit.
Kathy Cherpelis at Yahoo Finance 19 days ago
A deal in the travel industry and plenty of earnings grabbing investors’ attention this morning.
Orbitz (OWW) shares soared in early trading. Rival Expedia (EXPE) is buying the online travel agency for $1.6 billion, or $12 a share in cash. The industry has seen of wave of mergers and acquisitions as competition in the space increases. Shares of Expedia were also higher on the news.
Tesla (TSLA) shares tanked ahead of the open. The electric carmaker had a difficult fourth quarter on several fronts. It missed on both its top and bottom lines as it delivered fewer cars than was expected and it struggled with production issues, and a stronger dollar. However, CEO Elon Musk did offer some hope for investors, saying he expects sales growth to pick-up speed this year. Musk also sees Apple-like market cap for Tesla in 10-years if growth remains on track.
Kathy Cherpelis at Yahoo Finance 20 days ago
Some stocks on the move this morning.
PepsiCo (PEP) shares rose in early trading. The soda pop maker reported earnings and revenue that topped analysts' estimates as it benefited from recent price hikes and growth in emerging markets. But profit fell due to a stronger dollar and restructuring charges related to cost-cutting.
Time Warner (TWX) shares are also on the move before the bell. The media conglomerate posted earnings per share that beat forecasts, but revenue fell slightly short of expectations. Sales fell 1% from a year earlier due to weakness in its Warner Bros movie studio business, which offset gains in its Home Box Office and Turner divisions.
Pier 1 Imports (PIR) sank ahead of the open. The specialty home retailer cut its profit outlook for the year due to weak sales in January and unexpected supply chain costs. The company also said its chief financial officer was retiring.