Source: Dreamstime
Reading time: 2 minutes
The American food delivery company’s report exceeded Wall Street revenue expectations but revealed disappointing net loss figures that caused its stock to plummet by 13%.
Category Archives: Market news
Uber Reported Over 1 Billion Trips for Q4 2020, Its Platform Welcomes Over 5 Million New Members
Source: Dreamstime
Reading time: 2 minutes
The popular ride-hailing company, which also offers food delivery, freight transportation and a variety of other services, reported quarter-over-quarter revenue growth of 13%. Its year-over-year performance, however, dipped by 16% due to the effects of the pandemic.
Amazon Wowed Investors with record Q4 earnings, Jeff Bezos Steps Down as the Company’s CEO
Source: Dreamstime
Reading time: 2 minutes
The company skyrocketed past the coveted milestone of $100 billion, reaching earnings of $125.56 billion in Q4 2020 alone. The strong performance was mostly possible thanks to an excellent holiday shopping season, when Amazon had managed to deliver over a billion products to customers across the globe.
IBM’s Year-on-year Revenue Has Plummeted to a 5-year Low, the Company Expects Recovery in 2021
Source: Dreamstime
Reading time: 2 minutes
On 20.01, Wednesday, IBM shares tumbled by 7% in extended trading after the company reported fourth-quarter revenue that disappointed Wall Street for a fourth consecutive time.
BlackRock’s Shares Trade at Record Highs, Q4 and Full Year 2020 Profits Beat Expectations
Source: Dreamstime
Reading time: 2 minutes
On 14th January 2021 (Thursday), the multinational investment management corporation posted better-than-expected financial performance as an increasing number of investors flocked to BlackRock’s exchange-traded and active funds to escape the volatility caused by the U.S. presidential elections and the release of several COVID-19 vaccines.
Jefferies Group: “We have achieved all-time record quarterly and annual results”
Source: Dreamstime
Reading time: 2 minutes
On Monday, 4th January 2021, the U.S. financial services company Jefferies Group announced a strong Q4 and annual performance across all divisions: from its investment banking branch to its asset management services. This growth is expected to be sustained throughout 2021 as well.