Source: Pixabay | Photographer: FirmBee
Reading time: 2 minutes
Shares of the social media platform rose by nearly 27% this Thursday upon announcing a stronger-than-expected financial performance despite the ongoing pandemic.
Category Archives: Market news
Intel Shares Decline Despite Strong Quarter Due to Weak Performance From Its Data Centre Unit
Source: Pixabay | Photographer: Akela999
Reading time: 2 minutes
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.
Suedzucker’s Revenues for H1 2021 Stay at Last Year’s Level Despite the Negative Effects of COVID-19
Source: Dreamstime
Reading time: 2 minutes
On Thursday, Suedzucker – the largest sugar producer in Europe, reported better-than-expected revenues for its first half of fiscal 2021 totalling €3.349 billion (last year’s profits totalled at €3.314 billion).
PepsiCo’s Snack Offerings Explode in Popularity, Quarterly Revenue Rises by 5.3%
Source: Dreamstime
Reading time: 2 minutes
On Thursday, PepsiCo reported that more and more consumers are starting to purchase its recently released Tostitos and pancake mixes.
Kingfisher Remains Strong Despite the Devastating Effect of COVID-19 on the Home Improvement Sector
Source: Pixabay | Photographer: Bergadder
Reading time: two minutes
The international home improvement company posted resilient performance in H1 2020 despite the pandemic and is currently on track of achieving its strategic priorities.