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``` {"code":200,"msg":"\u83b7\u53d6\u6210\u529f","list":[{"id":663,"position":1,"cat_id":1,"title":"Uber shares slide more after company reports massive $5.2 billion quarterly loss and CEO says profits will come 'eventually' - CNBC","keywords":null,"description":"Uber shares are down 8% in premarket trading a day after the company reported disappointed earnings and revenue results.","content":"Shares of Uber were down 8% in premarket trading Friday, a day after the ride-hailing giant reported disappointing second-quarter earnings, including a massive $5.2 billion loss in the three-month period.\r\nUber missed expectations on the top and bottom lines, reporting a loss per share of $4.72 versus an expected loss of $3.12 per share. It reported revenue of $3.17 billion versus $3.36 billion expected by Wall Street. The company said the $5.2 billion loss during the quarter was largely due to stock-based compensation.\r\nCEO Dara Khosrowshahi said in an interview with CNBC's Deirdre Bosa that there's \"no doubt in my mind that the business will eventually be a break even and profitable business.\" He also said he expects losses to subside in 2020 and 2021.\r\nHe added that he doesn't think the Uber Eats food-delivery service will be profitable during the same time period, however, as it tries to chase growth.\r\nIn an interview with CNBC's David Faber and Jim Cramer on Friday, Khosrowshahi said the company's staggering $5.2 billion loss a \"once-in-a-lifetime\" hit as he tries to steer it toward profitability. He added that Uber is targeting 30% revenue growth in the back-half of the year.\r\n CNBC's Lora Kolodny and Annie Palmer contributed to this report.","status":1,"author":"Todd Haselton","source":"CNBC","source_url":"https:\/\/www.cnbc.com\/2019\/08\/09\/uber-shares-fall-after-reporting-massive-losses.html","img_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/104874471-RTS1HVLH-r-Khosrowshahi-uber.jpg?v=1565353958","click":0,"good":null,"bad":null,"sort":0,"country":"us","publish_time":1565356304,"create_time":"2019-08-09 21:53:36","update_time":"2019-08-09 21:53:36"},{"id":664,"position":1,"cat_id":1,"title":"One GE Stock Bear Plans to Stay a GE Stock Bear. Here\u2019s Why. - Barron's","keywords":null,"description":"Gordon Haskett analyst John Inch is widely known on Wall Street for his bearish views on General Electric stock. He thinks investors aren\u2019t focused on what could go wrong at the conglomerate from here.","content":"It is no secret that Gordon Haskett analyst John Inch is a\r\n General Electric\r\nbear. He thinks GE stock is worth $7, about 25% below current levels, and has consistently warned investors to avoid itdespite the shares 30% year-to-date gain. Barrons wondered what it would take to change Inchs mind about the company, so we asked him. The answer: A lot.Inchs latest research report, published on Thursday, prompted our call. In it, Inch questions GEs (ticker: GE) cash flow figures. He sees more cash-flow headwinds coming for the company as it ends its receivables factoring program. Factoring refers to selling accounts receivable at a discount to bring in cash sooner than it would otherwise arrive. The practice is normal and employed by many companies. GE, a former component of the\r\n Dow Jones Industrial Average,\r\n has been winding down its factoring since late 2017.\r\nExcluding the impact of factoring, GEs first half 2019 free cash flow has shown more substantial deteriorationdeclining by greater than $2.5 billion, versus first half 2018, wrote Inch, who rates GE shares Underperform, the firms equivalent of a Sell rating.\r\nRead more:GEs CEO Has Shrunk GE Capital and Bolstered Operations. But Hes Only Just Begun.\r\nThe factoring issue is a sign of a larger problem for Inch. I dont think bullish investors are paying careful enough attention to all the moving parts at GE, he tells Barrons in an interview. People can get confused [with GE reports]; its a complex company. \r\nGE disclosures are complicated. And that complexity might be causing investors to put too much faith in CEO Larry Culp, the leader brought in to turn around the company last September. \r\nLarry has done a good job, but there is no magic elixir, says Inch. This turnaround is going to take a long time, and existing shareholders can get hurt as it unfolds. \r\nIn particular, he believes the company is running out of options to further reduce debt. The company plans to sell, or has already sold or spun off its rail business, energy services, and part of GE Healthcare, along with other assets. GE, however, might still have too much debt when restructuring is complete, according to the analyst. And I still worry about the pension-funding gap and long-term care liabilities, things that arent recognized in the headline debt number. \r\nGE management has said consistently it is working to reduce leverage. GE has more than $100 billion in debt on the books. (For comparison, the company is expected to produce about $10 billion in operating profit in 2020.) Much of the debt is in the capital division. GE already took an after-tax charge of $6.2 billion in 2017 for losses arising from old long-term care policies the company retained after it spun off\r\n Genworth Financial\r\n(GNW). And GE believes its pension plans wont require mandatory cash contributions in 2019 or 2020, meaning the plans are reasonably well funded. The funded status improved in 2018 to about 76% from about 71%. \r\nThere isnt a brand new issue that bothers Inch. GE management has addressed debt reduction, factoring, the power division, as well as other turnaround issues many times during Culps tenure so far. The company has also hosted insurance and power teach-ins to better educate investors in 2019. \r\nThe biggest difference between Inch and more-bullish analysts seems to be how the turnaround turns out. When its all done I see, maybe, 50 cents in free cash flow [per share], says Inch. At 16 times that number I get up to $8 a share. Other analysts think $1 in free cash flow is possible. Its a wide range, but GE has undergone incredible turmoil over the past two years. (The highest annual earnings per share GE reported was $2.33 in 2007.) \r\nThink of it this way, were in Act II of the GE drama, concludes Inch. I was right about Act Iwhich unfolded under [Jeff] Immeltthen Larry came on the scene, and the audience is enjoying the show. \r\nUsing those parameters, in the first act GE stock dropped 45% and 57% in 2017 and 2018, respectively, as problems mounted in its power and capital divisions. Those problems ultimately led management to cut the dividend to a penny from 24 cents a quarter.\r\nInch thinks investors need to ask themselves about Act III. Is the GE story a tragedy, or modern melodrama where everyone makes out just fine in the end? Unfortunately, its too soon to tell, in our view. Whats clear is GE will remain a controversial stock on Wall Street until we find out. \r\nWrite to Al Root at allen.root@dowjones.com","status":1,"author":"Al Root","source":"Barrons.com","source_url":"https:\/\/www.barrons.com\/articles\/why-a-ge-stock-bear-plans-to-keep-on-being-one-51565341214","img_url":"https:\/\/images.barrons.com\/im-96993\/social","click":0,"good":null,"bad":null,"sort":0,"country":"us","publish_time":1565355300,"create_time":"2019-08-09 21:53:36","update_time":"2019-08-09 21:53:36"}]} ```

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