iQIYI (NASDAQ: IQ) subscriber base touched 100 million mark in June aided by growing subscriber base and demand for quality content at an affordable price in China. However, the streaming giant has been facing multiple headwinds like the trade war between the US and China, economic slowdown, muted advertising sales along with increased costs dragging…
Bio-Path Holdings (NASDAQ: BPTH) is expected to continue incurring significant operating losses in the second quarter. Also, the losses are likely to increase substantially as the biotech company expand its drug development programs and commercialization efforts. The company is set to release its second-quarter earnings results on Thursday before the bell. The company had an…
CorMedix (NYSE: CRMD) reported mixed second quarter results after the bell. Revenue failed to beat estimates, while earnings came in better-than-expected. Last month, the biopharma firm reported that it has completed the Phase 3 trials for LOCK-IT-100 and is encouraged by the response from the US Food and Drug Administration (FDA).  Revenue improved to $35,266…
Tilray (NASDAQ: TLRY) reported a loss of 32 cents per share in the second quarter, more than double what it reported last year, as rising operating expenses continue to weigh on its bottom-line. This was wider than analysts’ projection of a loss of 25 cents per share. Revenue came in at $45.9 million, up 371%…
Deere & Company (NYSE: DE) is one among the Wall Street firms affected by the trade war. At a time when sales are impacted by weakening demand, the farm equipment maker got a fresh jolt after China recently imposed curbs on import of agricultural tools from the US. The Moline, Illinois-based firm is expected to…
Celsion Corporation (NASDAQ: CLSN) is set to release its earnings results for the second quarter on Thursday before the market opens. The development stage oncology drug company’s results will be driven by lower costs and expenses while not expecting products revenue for the foreseeable future due to the developing of the new generation of products…
A week ago, JCPenney Company Inc. (NYSE: JCP) received notice from the New York Stock Exchange for not complying with the minimum stock price requirement. The retail firm will have six months to prove its worth and stay listed, but there is very little optimism surrounding the stock in the market. It will, however, have…
Chinese e-commerce firm Alibaba Group (NYSE: BABA) has been thriving on the strength of its cloud business and the rapidly growing core commerce segment. When the internet behemoth reports its first-quarter results Thursday before the opening bell, the market will be looking for revenues of $15.81 billion, which represents a 36% year-over-year increase. Earnings are…
Applied Materials (Nasdaq: AMAT) stock has surged 42% this year aided by improving macros and better-than-expected second quarter results. The stock touched a new 52-week high of $52 mark in late July backed by the acquisition of Kokusai Electric in July. The chip equipment maker is slated to report its third quarter results on Thursday…
Shares of Chinese e-commerce giant JD.com (NASDAQ: JD) gained 4.8% after reporting a massive earnings surprise in the second quarter. Net income, on an adjusted basis, came in at 33 cents per share, compared to 7 cents per share expected by the Wall Street. Net revenues spiked 23% to RMB150.3 billion (21.9 billion), beating average…