Tag Archives: bad-request

Core Google EPS seen rising, freed of $8 bil in investment losses

There may be 8 billion reasons why Wall Street analysts are cheering Google’s (GOOGL) restructuring and new-found “transparency.” That’s one view of Morgan Stanley’s upgrade of Google stock to overweight. Google stock Tuesday and Wednesday, despite the China-related market sell-off, after the company disclosed plans late Monday to reorganize into a holding company called Alphabet. Under the new operating structure, Google will separate profitable

More Wayfair Shoppers Make Themselves At Home Online

Shoppers looking to decorate their homes keep coming back to Wayfair (W), sending shares of the online furniture retailer up 28% Wednesday as existing customers made more repeat purchases and second-quarter results came in above views. Although it remains unprofitable, the recent IPO’s active customer base jumped 53.5% to 4 million by the end of the quarter. During its earnings call, management attributed the quick growth rate to both ongoing

IPO Stock Watch: Global Blood Doubles On First Day

Global Blood Therapeutics (GBT) shrugged off the recent slump in biotech stocks and screamed up 130% as of late afternoon on its first day of trading Wednesday, after pricing its 6-million-share IPO at 20, above the expected range. The initial public offering raised $120 million. Global Blood is developing treatments for blood disorders, particularly sickle-cell disease (SCD), a genetic condition that causes anemia. Its lead candidate entered