Alibaba stock gains after earnings as company says trends are improving

Shares of Alibaba Group Holding Ltd. closed up 1.8% Thursday after the Chinese e-commerce company topped expectations with its latest financials and indicated that business trends improved as the June quarter wore on. The company posted net income of RMB22.7 billion ($3.4 billion), or RMB8.51 per American depositary share, compared with RMB45.1 billion, or RMB16.38 … Read more

Block stock drops after earnings, as Square’s parent company swings to a loss

Shares of Block Inc. fell 6% in after-hours trading Thursday after the payment-technology company swung to a loss in an earnings report that seemed to cause some controversy about whether the company actually beat or missed expectations on several key metrics. Block SQ, +1.85%, which somewhat recently changed its corporate name from Square, posted a … Read more

Comcast, Charter stocks downgraded as Barclays says companies are ‘likely past peak growth’

In the wake of negative broadband subscriber growth at Comcast Corp. and Charter Communications Inc. last week, Barclays analyst Kannan Venkateshwar is taking a more cautious view on the cable sector. He downgraded Comcast shares CMCSA, -0.47% to equal weight from overweight Monday, while lowering his rating on Charter’s stock CHTR, -1.13% to underweight from … Read more

Tilray expected to post a quarterly loss with market share losses in Canada and forex headwinds

Tilray Inc. is not expected to turn a profit in its fiscal fourth quarter when it delivers its latest results on Thursday, but analysts have at least held steady on their projected loss for the cannabis company. Wall Street analysts that follow Tilray TLRY, -5.47% TLRY, -5.50% expect the company to lose 8 cents a … Read more