• The Baltimore SunLoss widens at KeyW as company touts revenue growth

    KeyW Holding Corp. reported Wednesday that it lost nearly $16.7 million in the quarter ended June 30, more than the $9.6 million the company lost in the same period a year earlier.The Hanover-based cybersecurity firm has been refocusing on its government contracting business in the past year, eliminating commercial operations and acquiring Sotera, a competitor in Virginia.In its announcement, KeyW Read more...

  • The Wall Street JournalChinese Shopping Splurges Are Set to Boost Alibaba's Revenue

    Chinese consumers can’t stop filling their closets with stuff they buy online—and that is powering e-commerce company Alibaba Group Holding Ltd. to sterling results. Alibaba predicts its revenue will increase almost 50% this fiscal year on the backs of China’s swelling ranks of middle-class consumers. Its shares listed on the New York Stock Exchange have risen 80% since the… Read Read more...

  • CNBCJC Penney losses mount, missing estimates; stock craters

    Penney’s reported a loss of 9 cents, adjusted, compared with a forecast loss of 5 cents. Revenue was $2.96 billion versus an estimate of $2.84 billion. Same-store sales fell 1.3 percent, worse than the expected 1.2 percent decline. J.C. Penney’s stock was in free fall Friday after the besieged retailer turned in a mixed report for the second quarter. With… Read more...

  • CNBC21st Century Fox earnings beat expectations, revenue narrowly misses

    During the quarter, 21st Century Fox’s cable news network, Fox News, dropped its biggest star, Bill O’Reilly, amid sexual harassment allegations. The company’s fourth-quarter revenue will include ticket sales from 20th Century Fox movies “The Boss Baby” and “Alien: Covenant.” 21st Century Fox announced fourth-quarter earnings that beat expectations and revenue that narrowly missed. … Read more on CNBC.

  • ReutersMichael Kors lifts full-year revenue forecast, shares soar

    (Reuters) – Michael Kors Holdings Ltd reported better-than-expected profit for the first quarter as it cut down on promotions and sold more premium handbags, and lifted its full-year revenue forecast, sending the company’s shares up as much as 22 percent. Read the story on Reuters.

  • USA TodayAmazon will give you four free games if you buy an Xbox One S right now

    — Our editors review and recommend products to help you buy the stuff you need. If you make a purchase by clicking one of our links, we may earn a small share of the revenue. However, our picks and opinions are independent from USA TODAY’s newsroom and any business incentives.It doesn’t matter if you’re shopping for yourself or your child, Read more...

  • RecodeOne Snap metric to watch: How much money is generated by each of its users

    Snap’s strategy when it comes to growing its business is more about quality than quantity. That is, Snap believes it can grow its business by generating substantially more revenue from each of its existing users — a strategy that would mean sales go up even if its user base doesn’t grow at the same rate. The best way to measure Read more...

  • Hartford CourantCigna Posts Higher 2nd Quarter Profit, Revenue

    Cigna Corp. posted second-quarter revenue and profit Friday that exceeded Wall Street expectations, reflecting strength in each of its three businesses.Chief Executive Officer David Cordani told investor analysts on a conference call that Cigna expects to increase its Medicare Advantage business, a popular private insurance offering that handles Medicare coverage for seniors.Cigna sees the “U.S. seniors marketplace as a tremendous Read more...

  • The Motley FoolInstructure Revenue Booms on Big Sales Growth

    When a pair of Utah graduate students were tasked with designing a business plan to address the needs of the education world, their plan became what is today Instructure (NYSE:INST). The company provides a learning management system platform, called Canvas, that both K-12 and higher-education schools can use to augment their services. Today, the company is run by Josh Coates Read more...

  • New York TimesFacebook’s Profit and Revenue Surge, Despite Company Predictions of a Slowdown

    SAN FRANCISCO — For more than a year, investors have braced for Facebook to reach the limit of its moneymaking capacity. The growth of its advertising business, the company has warned, would eventually start to slow down.It turns out that Facebook has barely broken stride.On Wednesday, the social-networking giant reported yet another blockbuster quarter, surpassing Wall Street estimates despite a Read more...