Source: Dreamstime
Reading time: 2 minutes
On Tuesday, the popular U.S. home supply chain reported that its Q3 earnings for 2020 greatly exceeded expectations, with sales rising 24% compared to last year.
Category Archives: Market news
CVS Health Corp Raises Its 2020 Earnings Guidance After Q3 Revenue Exceeded Expectations
Source: Pixabay
Reading time: 2 minutes
Last Friday, CVS shares were up by nearly 6% at market close on the news that the company has generated higher-than-expected income after it expanded its drugstore chain business to also include health services covering all needs – from basic health insurance to COVID-19 testing. In its latest earnings call, CVS Health Corp also announced a new CEO.
Exxon Mobil Reports A Third Disappointing Earnings Quarter in a Row, Revenue is Down Nearly 30%
Source: Dreamstime
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On Friday, shares of the multinational oil and gas company declined by 1% (53% so far in 2020) due to hindered performance, caused by crashing oil demand across the globe.
Pinterest Surprises Wall Street Analysts with a Strong Quarter, Citing Heightened Demand for Ad Services
Source: Pixabay | Photographer: FirmBee
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Shares of the social media platform rose by nearly 27% this Thursday upon announcing a stronger-than-expected financial performance despite the ongoing pandemic.
Intel Shares Decline Despite Strong Quarter Due to Weak Performance From Its Data Centre Unit
Source: Pixabay | Photographer: Akela999
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Intel shares fell as much as 10% in extended trading on Thursday after the chipmaker reported fiscal third-quarter earnings that were stronger than expected, but also exposed the underwhelming performance of its data centre business.
Goldman Sachs Exceeds Wall Street Expectations, Posts Record EPS
Source: Unsplash | Photographer: Floriane Vita
Reading time: 2 minutes
On Wednesday, one of the leading U.S. banks, Goldman Sachs, announced better-than-expected Q3 2020 results due to strong bond trading and asset management performance. Shortly after the news, the bank’s shares rose by an extra 0.6% on top of the 2.2% gains achieved in premarket trading.