Want to join the conversation?
Auction house $BID reported a 1Q16 loss of $25.88MM or $0.41 per share compared to a profit of $5.2MM or $0.07 per share last year, due to drop in net auction sales as well as market growth slowed from 2014. Revenues fell to $106.53MM from $155.68MM. Adjusted loss per share was $0.35 compared to EPS of $0.11 last year.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.