AutoNation reported second-quarter results that matched consensus EPS expectations of $0.73 while revenue of $4.4 billion exceeded consensus expectation of $4.3 billion. Analysts intend to raise the fair value estimate to account for higher revenue growth and AutoNation capturing slightly more market share than we currently model in our five-year forecast period. The results show…
Autoliv reported stronger than expected second-quarter earnings per share of $1.48, besting the Street consensus by $0.10 and $0.09 higher than the year-ago $1.39 EPS. Owing to an anemic European new car market, analysts were also expecting Autoliv to report flattish earnings for the quarter. The company’s like-for-like European revenue increased by 4% compared with…
The digitization of our world has had profound impacts on every industry regardless of its operational model. For private citizens, daily life is now filled with digital norms like internet banking, social media, streamed entertainment, and even health consultations. One facet that remains somewhat murky though is legal implications. In many cases, the rapid development…
In the second quarter, Finnish forest products company Stora Enso had a surprising loss in its Paper and Writing segment. Even though the secular headwinds for publishing paper in Europe are well known, Stora had previously been able to turn a consistent profit in the business in recent years. Management says it is stepping up…
It’s been a week since Microsoft Corporation (NASDAQ MSFT) unveiled the Windows 10 Technical Preview. Early users have started sending feedback, and they want the software giant to address several issues. Of course, Windows 10 is a huge improvement over Windows 8. But users want to see certain changes before final version of the new…
Bitcoin is now available at 874 self-service payment terminals across Romania, thanks to a partnership between ATM operator Bitcoin Romania and terminal network operator ZebraPay. The ZebraPay terminals will allow customers to buy bitcoin at a 4% commission on prices taken from the Cointrader exchange. The terminals are one-way, so customers can only trade their…
