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.
Category Archives: Market news
FedEx Posts Upbeat Quarterly Profits on the Wings of Heightened Consumer Spending Due to COVID-19
Source: Pexels | Photographer: Norma Mortenson
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Despite the damaging effects of the pandemic, the popular U.S. delivery firm posted better-than-expected Q1 2021 results due to lowered fuel costs and heightened delivery prices.
Oracle’s Stock Skyrockets After Taking Analysts by Surprise with Strong Q1 Earnings
Source: Pexels | Photographer: Andrea Piacquadio
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In just three months, Oracle Corp. has managed to turn its declining sales into a decisive rally. Here is how the company fared throughout its first fiscal quarter for 2021.
Rolls-Royce Posts Huge Losses, Analysts Foresee a Long Recovery Ahead
Source: Pexels
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On Thursday, the multinational engineering company revealed its grim financial situation – in just six months, the British group reached losses of £5.4 billion ($7.1 billion) before tax. The news quickly rippled throughout the markets and sent RR/u shares tumbling by 6%.
Alibaba Crushes Analyst Forecasts, Posts Strong Commerce and Cloud Computing Earnings
Source: Dreamstime
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While COVID-19 has been a nuisance for most businesses, the stay-at-home situation did lead to increased online shopping. This greatly benefitted leaders in this sector like Amazon, Etsy, Ebay and, of course, Alibaba, which posted net income of 47.59 billion yuan.
Cisco Announces Its Fourth Consecutive Quarterly Revenue Decline, Shares Plummet by 6 Percent
Source: Dreamstime
Reading time: two minutes
The computer networking equipment maker’s revenue decreased by 9% on a year-on-year basis, yet again disappointing investors worldwide. Earnings per share, however, rose by 22% after Cisco managed to reduce its operating expenses by 9%.