United States

Shariq Khan

Ferguson surges as activist fund Trian takes 6% stake

Jun 13 2019

Activist fund Trian Fund Management LP said it has built up a 6% stake in Ferguson Plc, disclosing the investment days after the British plumbing products company reported disappointing results and slowing growth in its biggest market.

Dell revenue misses as China softness hits server business

May 30 2019

Dell Technologies Inc reported lower-than-expected revenue in the first quarter as its server business declined for the first time in 10 quarters amid economic conditions weighing on demand in China.

Neuberger urges Verint investors to back its board nominees

May 13 2019

Asset manager Neuberger Berman on Monday urged shareholders of Verint Systems to vote for its three director nominees and asked the data analytics company to detail its cloud strategy.

GoDaddy quarterly profit falls short of estimates as costs still weigh

May 02 2019

Web hosting company GoDaddy Inc reported first-quarter profit below Wall Street expectations on Thursday, weighed down by persistent rising costs and slower customer growth, sending its shares 6 percent lower in after-hours trading.

AMD results beat estimates on data center, server growth; shares climb

Apr 30 2019

U.S. chipmaker Advanced Micro Devices Inc beat Wall Street estimates for quarterly revenue and profit on Tuesday, selling more chips used in data centers and servers, and sending its shares up 6 percent in after-market trading.

Texas Instruments says slowdown in chip demand may continue; shares fall

Apr 23 2019

Chipmaker Texas Instruments said on Tuesday a slowdown in demand for microchips that started late last year may last a few more quarters. The warning from the company, often seen as a bellwether for a semiconductor industry, dragged its shares 3 percent lower to $113.88.

Knowles hires JPMorgan for activist defense: source

Apr 04 2019

Audio components maker Knowles Corp has hired JPMorgan investment bankers to advise it on its defense against demands by shareholders Caligan Partners LP and Falcon Edge Capital LP to seek a review of its Precision Devices unit, according to a source familiar with discussions between the parties.

GrubHub results, forecast miss estimates, shares tank

Feb 07 2019

GrubHub Inc reported lower-than-expected quarterly results on Thursday and forecast adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the full year below Wall Street estimates, sending its shares down 21 percent to a two-year low.

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