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XPO Logistics tanks after earnings miss, 2019 warning

The shares of XPO Logistics, one of the world's largest transportation and warehouse companies, plunged by more than 13% in the premarket on Friday after reporting weaker than expected profits and launched a terrible warning about its business in 2019. [19659002] div> div.group> p: first-child "/> XPO Logistics posted a fourth quarter adjusted earnings per share of 72 cents on …

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PepsiCo forecasts surprise drop in profit as it ramps up investments

By Aishwarya Venugopal (Reuters) – PepsiCo Inc predicts a surprise drop in profit for the full year on Friday, as the snack and beverage company has spent a lot on marketing and developing new products in an attempt to recover the market share from Coca-Cola Co Inc. The company has increased advertising for its colas – Pepsi, Diet Pepsi and …

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PepsiCo earnings Q4 2018

PepsiCo reported quarterly earnings and earnings that met analysts' expectations, but said it expects weaker gains for 2019 due to currencies, increased effective tax rate and increased investment in advertising

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Apple stock down on Warren Buffett’s Berkshire Hathaway cut stake

Warren Buffett's Berkshire Hathaway cut its stake in Apple, the largest equity investment at the end of 2018, a bearish signal amid Goliath's slowing iPhone sales. A late-night regulatory filing showed that Berkshire Hathaway's participation in the technology giant has fallen by 1% to 249.6 million shares in the three months up to 31 December 2018, down from 252, 5 …

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Payless ShoeSource set to close 2,300 stores: Report

The clock is ticking towards the closure of another retailer. Payless ShoeSource, retailer of discount stores, plans to close all of its approximately 2,300 stores when it arrives in bankruptcy at the end of the month, according to Reuters. This will be the second time the footwear retailer is going down the road of bankruptcy. FOX Business has followed the …

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Canopy Growth Quarterly Revenue Surges to $83 Million as Gross Margin Declines – New Cannabis Ventures

Canopy Growth Corporation reports the financial results for the third quarter of fiscal 2019: gross sales of $ 98 million; Net revenue records $ 83 million Cannabis shipments amounted to 10,102 kilograms and equivalent kilograms. Net income of $ 74.9 million, including changes in fair values ​​of financial liabilities included in Other income. The announced investment of $ 5 billion …

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Canopy Growth shows surging pot sales in late-arriving earnings report

The largest potash company by market value, Canopy Growth Corp., recorded a 283% increase in quarterly revenue as marijuana became legal in Canada, but gains were blocked by paper losses, according to a deposit of securities in late evening on Thursday. [19659002] Canopy of CGC, + 0.15% WEED, + 0.29% third quarter results were observed closely while investors tried to …

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