People are spending much more time on digital devices than watching TV. | Getty. People are spending much more time on digital devices than watching TV. | Getty. Sharknado wasn't enough to keep our attention, apparently. This year Americans are on pace to spend more time on digital devices than in front of their televisions according to a study released by eMarketer on Thursday.
Estee Lauder shares slip after weak guidance. Estee Lauder Cos. shares fell 1.2% in Thursday premarket trading after the beauty company gave fiscal full-year 2017 guidance below consensus. Net income was $428.0 million, or $1.15 per share, down from $447.0 million, or $1.19 per share. Adjusted EPS was $1.22, beating the $1.17 FactSet consensus.
Condiments maker H.J. Heinz Company (HNZ) on Friday caught a big downgrade from analysts at Jefferies & Co. The firm said it cut its rating on HNZ from Buy to Hold and lowered its price target from $60 to $56. That new target suggests a 12% upside to the stock's Thursday closing price of $53.55.