San Mateo Newswire

San Mateo Newswire

Comprehensive Real-Time News Feed for San Mateo, CA.

Results 1 - 20 of 23 for "" in San Mateo, CA

  1. GoPro Stock Drops After-Hours on Fourth-Quarter Revenue MissRead the original story w/Photo

    Feb 2, 2017 |

    GoPro stock fell almost 9% to $10 in after-hours trading on Thursday after reporting lower-than-expected revenue for the 2016 fourth quarter and guiding for weak revenue in the current quarter as well. After the market closed, the San Mateo, Calif.-based maker of action cameras said revenue rose 23.8% year-over-year to $541 million, but missed the FactSet consensus of $576 million for the period.


  2. GoPro's Holiday Season 'Better Than Feared,' Pacific Crest SaysRead the original story w/Photo

    Jan 24, 2017 |

    The action-camera maker appears to have sold more cameras than expected for the quarter ended December 31, with a "healthy" seven to eight days of inventory at Best Buy , Pacific Crest analysts said in a note today. "Checks indicate Q4 turned out better than feared, which could give GoPro a near-term reprieve given high short interest and negative sentiment," analysts Brad Erickson and Elliot Arnson said in the note.


  3. GoPro Relaunching Karma Drone as Action-Camera Sales SlowRead the original story w/Photo

    Jan 5, 2017 |

    GoPro plans to relaunch its Karma drone this year as the action-camera maker contends with slowing sales in its primary business. Karma, the San Mateo, Calif.-based company's first drone, was recalled just over two weeks after its October 23 launch due to in-flight power failures.


  4. SolarCity posts slight beat ahead of key merger voteRead the original story w/Photo

    Nov 10, 2016 |

    The company lost less than expected and used financing deals to boost its cash balance ahead of a Nov. 17 shareholder vote on its $2.6 billion sale to Tesla. SolarCity late Wednesday released what could be the company's last earnings report as an independent, beating expectations for the quarter but doing little to quash concerns about its long-term future.


  5. Morning Movers: GPRO, SBUX, HCMLYRead the original story w/Photo

    Apr 11, 2016 |

    Shares of action-camera maker GoPro fell into a pre-market tailspin Friday after posting a steep loss below Wall Street estimates. GoPro shares were down about 16% in pre-market trading to $10 to after booking a loss of $0.60 for the third quarter after Thursday's closing bell vs. consensus estimates of a loss of $0.35.


  6. What to Expect When Franklin Resources (BEN) Reports Q3 EarningsRead the original story

    Oct 25, 2016 |

    Shares of Franklin Resources were higher in mid-afternoon trading on Tuesday ahead of the company's 2016 fourth quarter results, due out before tomorrow's opening bell. During the same quarter a year ago, the San Mateo, CA-based investment management firm earned 59 cents per diluted share on revenue of $1.87 billion.


  7. NetSuite (N) Stock Slumps, Oracle Sets Deadline for $9.3 Billion DealRead the original story w/Photo

    Oct 7, 2016 |

    Shares of NetSuite were sliding in late afternoon trading on Friday after Oracle issued a final Nov. 4 deadline for its $9.3 billion acquisition of the company. NetSuite shareholders have until then to tender the necessary shares or the offer will expire, according to an Oracle statement.


  8. SolarCity (SCTY) Stock Higher Despite Bearish Oppenheimer NoteRead the original story w/Photo

    Oct 3, 2016 |

    Shares of SolarCity were advancing in mid-afternoon trading on Monday though Oppenheimer said electric car maker Tesla's $2.6 billion bid to buy SolarCity could be slowed by regulatory reviews. "While we have argued that Tesla's acquisition of SolarCity would likely be completed, we believe the SEC review process could be delayed due to recent activity, especially new litigation," the firm said.


  9. Is Alphabet's YouTube Planning to Compete with Spotify and Apple Music?Read the original story

    Sep 29, 2016 |

    Alphabet names industry veteran Lyor Cohen as YouTube's global head of music, possible setting the stage for a bigger push into paid music streaming. Alphabet 's YouTube is bringing on a respected music industry veteran as it continues to search for ways to expand its share of the music streaming market.


  10. SolarCity (SCTY) Stock Closed Higher, Baird 'Confident' in Tesla MergerRead the original story w/Photo

    Sep 26, 2016 |

    Shares of SolarCity closed up on Monday as Baird said it is "confident" Tesla's $2.6 billion bid to acquire the renewable energy company will close, Barron's reports. Based on conversations with Tesla shareholders, Baird estimates an 80% probability the merger with San Mateo, CA-based SolarCity will occur.


  11. GoPro (GPRO) Stock Gains as New Drone LaunchesRead the original story w/Photo

    Sep 19, 2016 |

    Shares of GoPro were up 7.62% to $16.10 on heavy trading volume early Monday afternoon as investors look to today's launch of its Karma drone for indications of whether the action-camera maker can diversify its product selection. The debut of GoPro's Karma drone is a "pivotal event" that grants the San Mateo, CA-based company a chance to bolster sales growth by "jump-starting" an emerging product category, Bloomberg Intelligence Analyst Jitendra Waral said, according to Bloomberg.


  12. Will SolarCity (SCTY) Stock Be Helped by Bullish Baird Note?Read the original story w/Photo

    Sep 13, 2016 |

    Shares of SolarCity were falling on heavy trading volume late Tuesday afternoon after Kynikos Associates CEO Jim Chanos said his firm was short the stock. Earlier today Baird said that the company has largely eliminated self-funding concerns, the Fly reports.


  13. Hillary Clinton Stock Portfolio Stumbles in Rough Week for the MarketsRead the original story w/Photo

    Sep 12, 2016 |

    The Hillary Clinton Stock Portfolio , a group of 15 stocks identified by TheStreet as poised to outperform under Clinton's policies, plunged 3.31% from market close Friday, September 2 to market close Friday, September 9. The stocks in our Donald Trump Stock Portfolio fared slightly better, declining only 1.31% last week. The biggest drag was U.S. Steel , shares of which plunged 9.89% to $17.03, putting its one-month decline at nearly 25%.


  14. Intel (INTC) Stock Up, Acquires MovidiusRead the original story w/Photo

    Sep 6, 2016 |

    Shares of Intel were increasing in mid-morning trading on Tuesday as the Santa Clara, CA-based chipmaker is buying the semiconductor startup Movidius . A deal with the San Mateo, CA-based company would boost Intel's artificial intelligence portfolio as it looks to become a bigger player in that arena, the Wall Street Journal reports.


  15. SolarCity (SCTY) Stock Climbs on Valuation ErrorRead the original story w/Photo

    Sep 1, 2016 |

    Shares of SolarCity were up in pre-market trading on Thursday after investment bank Lazard undervalued the San Mateo, CA-based solar energy company by $400 million in its analysis of the company's proposed sale to Tesla Motors . But the purchase price of $2.6 billion was nonetheless within the valuation range determined by Lazard even after factoring in the accounting error, Reuters reports.


  16. SolarCity's Insider-Heavy Bond Offering Provides Fodder for Bulls and Bears AlikeRead the original story w/Photo

    Aug 24, 2016 |

    Musk and two SolarCity execs will purchase $100M of a $124M debt sale, raising concern that the market is unwilling to provide the solar company with further funding. Elon Musk and other key figures at SolarCity Corp. have committed to buy $100 million of the solar panel installation company's debt ahead of its planned $2.6 billion acquisition by Musk's Tesla Motors .


  17. SolarCity (SCTY) Stock Lower in After-Hours Trading on Downbeat Q3 GuidanceRead the original story w/Photo

    Aug 9, 2016 |

    Shares of SolarCity were lower in after-hours trading on Tuesday after reporting downbeat guidance for the 2016 third quarter after Tuesday's market close. For the third quarter, SolarCity anticipates a loss between $2.55 and $2.65 per share on revenues between $102 million and $107 million.


  18. SolarCity (SCTY) Stock Up Ahead of Q2 ResultsRead the original story w/Photo

    Aug 5, 2016 |

    Shares of SolarCity were up in early-afternoon trading on Friday, ahead of the company's 2016 second quarter earnings, due out after Tuesday's market close. The San Mateo, CA-based energy services provider is expected to report a loss of $2.44 per share on revenues of $146.08 million.


  19. GoPro (GPRO) Stock Up, Earnings Estimates Raised at Pacific CrestRead the original story w/Photo

    Jul 28, 2016 |

    GoPro's earnings estimates were raised for fiscal 2016 to 97 cents from 86 cents at Pacific Crest this morning, after the company reported better than expected fiscal 2016 second quarter results on Wednesday. After the market close, the San Mateo, CA-based action camera maker reported an adjusted loss of 52 cents per share on revenues of $221 million, vs. analysts' estimates of an adjusted loss of 58 cents per share on revenues of $194 million.


  20. GoPro (GPRO) Stock Advancing Ahead of Q2 ResultsRead the original story w/Photo

    Jul 25, 2016 |

    Shares of GoPro are up by 2.98% to $11.41 in late-afternoon trading on Monday, ahead of the company's fiscal 2016 second quarter results expected after Wednesday's market close. Analysts surveyed at Thomson Reuters are expecting a loss of 58 cents per share on revenues of $194.31 million.


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