Category: Finance

<iframe width=’640′ height=’480′ frameborder=’0′ allowfullscreen src=’//player.ooyala.com/static/v4/stable/4.19.3/skin-plugin/iframe.html?ec=pkaG5vaDE6nRyxoqTEWAf7xLiY3p8UIA&pbid=666a390a01504fe788e591c9f3b38f40&pcode=doaGYyOgPxsf9v2vPKkXMppUTpsU’></iframe> In this video, Entrepreneur Network partner Phil Town discusses how to approach listening to quarterly earnings calls, which can be a gold mine of information for investors. In terms of general information, Phil Town points out that these calls usually take place on the same day that the quarterly earnings report comes out. It may also be a good idea to review the annual report, the 10k, as well. If a company is worthwhile, these reports will be extremely enlightening, since the document will…

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The stock market recovered from a sharp drop, but the Nasdaq Composite index fell 0.66 percent from a record high thanks to Alphabet Inc. and other weak technology stocks. The S&P 500 index was up 0.1 percent while the Dow gained 0.15 percent. The Entrepreneur Index™ fell 0.7 percent with the tech sector being the biggest drag on performance. Shares in Alphabet Inc. had their worst day since 2012, after the company missed revenue estimates for the first quarter. The stock was down 7.7 percent from a record high on Monday after the internet giant reported…

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Shares of GoPro (NASDAQ:GPRO) never panned out the way early investors had hoped. In fact, some investors were really burned by GoPro stock after the action-camera maker went public. GoPro went public in 2014 at $24 per share.GoPro stock quickly rocketed to over $90. With GoPro stock now just under $6 per share, 93.7% below its all-time high of $93.85 , it’s safe to say that GPRO stock has turned off a lot of investors for good. Investors view its product as a commodity and something that’s subject to competition and cannibalization.…

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Uber can’t be compared to Lyft because its business is spread across the world and it has more services to offer, according to Saudi Arabia’s sovereign wealth fund. The Saudi Public Investment Fund (PIF) is one of the largest shareholders in the ride-hailing giant, with a roughly 4% stake according to a regulatory filing. That holding is estimated to be worth around $3.4 billion when Uber goes public this month. “Uber is totally different than Lyft,” Yasir Othman Al-Rumayyan, managing director of the PIF, told CNBC’s Hadley Gamble on Tuesday. “Of course it’s a ride sharing company,…

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General Motors (NYSE:GM) said on April 30 that its first-quarter net income nearly doubled from a year ago, to $2.1 billion, as strong pricing on trucks and SUVs — and a boost from GM’s investment in Lyft (NASDAQ:LYFT) — helped offset production disruptions and ongoing weakness in China. Excluding one-time items, GM earned $1.41 per share, well ahead of the $1.10-per-share average estimate from Wall Street analysts polled by Thomson Reuters. But GM’s $34.9 billion in revenue fell slightly short of the consensus analyst estimate, and GM’s share price dropped in early trading after results were released. The…

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