Reported earnings for the quarter and provided a forecast for earnings per share to be at least $ 4.87 per share in 2019. Adjusted earnings would be $ 5.09 per share. Analysts’ forecasts were for earnings per share of $ 5.18. In the first quarter, the tobacco maker overtook forecasts.
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Surpassed analyst forecasts for earnings per share in the quarter, but missed the revenue forecast. The credit company’s profit fell to $ 1.55 billion, or $ 1.8 per share, from $ 1.3 billion, or $ 1.86 per share, in the same quarter last year. Adjusted earnings per share were $ 2.01, above expectations of $ 1.99 per share. Revenue rose 7% in the first quarter from $ 10.36 billion in the first quarter to $ 10.46 billion.
A class action lawsuit against Apple
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Filed in a California federal court blames the giant for securities fraud because it did not disclose early enough the drop in demand for iPhones, mainly in China.
Prior to its IPO, Auber is in talks to invest $ 1 billion in its autonomous vehicle division, according to the Wall Street Journal.
European stocks are trading in red territory after Thursday’s gains. The German DAX is trading unchanged, the French CAC loses 0.3% and the British FTSE sheds 0.4%. The Purchasing Managers’ Index for the Manufacturing Sector in the Euro Zone rose to 47.8 points in April, compared with 47.5 points in the previous month. The forecasts of market economists were for a reading of 47.9 points. Markit’s weighted purchasing managers’ index fell to 51.3 points in April, from 51.6 points a month earlier. The economists’ predictions were for a reading of 51.8 points. The services sector PMI fell to 52.5 points, from 53.3