Tag Archives: bad-request

Cheetah Mobile Earnings Double As Global Reach Booms

Cheetah Mobile (CMCM) early Tuesday reported better-than-expected Q1 earnings and its stock hit a new high, but the Chinese security vendor guided Q2 revenue slightly below Wall Street views. The Beijing-based company, which is part-owned by Chinese Internet giant Tencent (TCEHY), reported earnings per share excluding items of 9 cents, up 125% from the year-earlier quarter. Revenue jumped 113% to $108.5 million, marking the 11th quarter in a row

Apple nixes TV, pursues virtual/augmented reality headsets: reports

B illionaire investor Carl Icahn might have to readjust his expectations for Apple (AAPL) now that it appears his hopes for an Apple-branded television set have been squashed. Just hours after Icahn posted a bullish note on Apple based on assumptions that Apple would enter the TV and electric car businesses, the Wall Street Journal reported that Apple had shelved its plans for a television more than a year ago. After nearly a decade of research, Apple decided not to make a television set because it couldn’t offer enough breakthrough features to justify entering the highly competitive market, the WSJ said. Instead, Apple has decided to focus its resources on improving its Apple TV set-top box and developing an Internet television service that would offer a bundle of popular TV channels. Apple is likely to make some TV-related announcements at its Worldwide Developer Conference, which runs…

Intercept’s NASH Trial Design Irks Investors

Biotech Intercept Pharmaceuticals (ICPT) announced Tuesday that it had hammered out a design for a phase three trial of its nonalcoholic steatohepatitis (NASH) treatment, but the stock sold off as the time frame looked longer than many investors expected. There’s no current treatment for NASH, a slow-acting disease in which fat buildup around the liver causes progressive scarring, which is why there was no previous model of a large clinical trial