Dexcom CEO Kevin Sayer.Scott Mlyn | CNBCShares of Dexcom fell 9% in extended trading on Thursday after the company released third-quarter results that beat analysts’ expectations but showed a decline in U.S. revenue year over year.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 45 cents adjusted vs. 43 cents expectedRevenue: $994 million vs. $990 million expected The company’s revenue increased 2% to $994.2 million from $975 million a year earlier. Dexcom’s U.S. revenue declined 2% from $713.6 million the prior year. The company reported net income of $134.6…
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Investing in cryptocurrencies might seem exciting given the digital assets’ popularity and potential for significant gains, but crypto has seen significant volatility in the past and likely will in the future. It’s important to consider a few basics before investing in crypto.5 commandments of crypto investingThe recent rise in Bitcoin’s price has caused some investors to believe in the growing acceptance of crypto, but crypto generally remains speculative and extremely volatile. Without an underlying asset to back them, crypto prices are driven solely by investor sentiment. This leaves many investors exposed to sharp losses when sentiment shifts.These five basic rules…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Property tokenization was gaining traction among cryptocurrency enthusiasts as a novel way to real estate investment, as the broader narrative of putting real-world assets on blockchain rails gathers steam.What Happened: The high property prices in major cities like London and New York have made direct property investment increasingly unaffordable, paving the way for tokenized real estate as a viable alternative, according to a Financial Times report.Unlike real estate investment trusts (REITs) that own or finance large clusters of commercial and residential buildings, tokenized real…
By Nupur Anand WASHINGTON (Reuters) -Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan portfolio. “We’ve reserved for all of it, so the balance sheet is de-risked, but it’s going to play out over three, four years,” Scharf said at an event. He added that commercial real estate is performing very well overall, adding that concerns about the industry are decreasing as interest rates decline. “But there are real losses that will be taken because the level of demand is just…
Software giant Microsoft will hold a shareholders meeting next month—and Bitcoin is on the agenda.Microsoft (NASDAQ: MSFT) will have its annual shareholders meeting on December 9 and those who are invested in the company will vote on a number of items, according to a Thursday filing by the Securities and Exchange Commission.One of the proposals up for a vote is the “Assessment of investing in Bitcoin,” with the board recommending shareholders vote against it.It isn’t clear whether the item refers to Microsoft putting Bitcoin, the industry’s largest crypto, on its balance sheet. Microsoft did not immediately respond to Decrypt’s request…
Microsoft shareholders have requested the board conduct an assessment on whether the company should include Bitcoin on its balance sheet. Source link
(Bloomberg) — Gold prices are at record highs. But disappointing results at the world’s largest miner of the yellow metal signals companies may be struggling to capitalize on sizzling demand. Most Read from Bloomberg Newmont Corp. shares plunged the most in more than 25 years, tumbling 15% after the Denver-based company posted earnings, revenue and profit margins that fell short of analysts’ estimates in the third quarter, dragged down by higher costs for labor, diesel and other operating expenses. Top rivals Barrick Gold Corp. and Agnico Eagle Mines Ltd. also saw their shares drop. Analysts had high hopes for the…
Traders work on the floor of the New York Stock Exchange on Oct. 22, 2024.Spencer Platt | Getty ImagesS&P 500 futures are muted Thursday night after the broad index ended a three-day negative streak.Futures tied to the broad index added less than 0.1%, as did Nasdaq 100 futures. Dow Jones Industrial Average futures rose just 11 points.In after-hour action, L3Harris shares climbed more than 4% after the defense company exceeded Wall Street’s forecasts when reporting third-quarter earnings. Dexcom tumbled more than 2% despite beating expectations on both lines.Those moves follow a mixed day on Wall Street. The Nasdaq Composite joined…
Investing in cryptocurrencies might seem exciting given the digital assets’ popularity and potential for significant gains, but crypto has seen significant volatility in the past and likely will in the future. It’s important to consider a few basics before investing in crypto. 5 commandments of crypto investing The recent rise in Bitcoin’s price has caused some investors to believe in the growing acceptance of crypto, but crypto generally remains speculative and extremely volatile. Without an underlying asset to back them, crypto prices are driven solely by investor sentiment. This leaves many investors exposed to sharp losses when sentiment shifts. These…
Investors are increasingly looking for ways to diversify their portfolios. One area that is seeing a surge in investments is private markets.Morningstar (MORN) CEO Kunal Kapoor spoke to Yahoo Finance about the growing trend, saying “The appetite to invest in a swath of companies that previously might have been public, but are not for multiple reasons today, has increased.” He notes that it’s not just the companies that investors are looking to buy into but the private credit market too. “So much of the debt that is being sourced today is coming from what I’ll call nontraditional lenders, at least…