Source: Unsplash | Photographer: Mak
Reading time: two minutes
While the financial results of the ride-sharing company for Q2 2020 did beat Wall Street’s estimates, they were still approximately 29% weaker compared to the same period last year.
Category Archives: Market news
AMD Shares Skyrocket After Strong Q3 Guidance Announcement
Source: Dreamstime
Reading time: two minutes
The results are in and things are looking good for AMD. According to their earnings report for the second quarter of 2020, the company enjoyed a year-over-year revenue boost of 26%. Income from computing and graphics components for PCs and laptops also came at a whopping $1.37 billion, beating Wall Street expectations by 45%.
Twitter Reports a Surge in New Users on the Backdrop of Weaker Ad Revenue
Source: Dreamstime
Reading time: two minutes
Yesterday, the social media giant released its second-quarter earnings report that revealed a “moderate recovery” of its ad business compared with March. The ad revenue was, however, still 23% short of the figure reported in the previous year. On the other hand, the company did manage to attract a substantial amount of new users during the pandemic, which resulted in a near-immediate stock price rally of 4.1% in the hours following the report.
Gold and Silver Reach Record Highs, Analysts Expect This Trend to Stick Around in the Second Half of 2020
Source: Depositphotos
Reading time: three minutes
On Thursday, 23.07, stock exchanges worldwide reported record increase in the price of gold and silver. The yellow metal reached the sum of $1880 per troy ounce—its highest price since 2011. Another top performer in the precious metals market was silver, which reached $23 per troy ounce in the same day—a 6-year high.
JPMorgan Posts Record Trading Revenue, Q2 Earnings Per Share Exceed Expectations
Source: Unsplash | Photographer: Razvan Chisu
Reading time: two minutes
On Tuesday (14.07), the bank reported a quarterly performance that took Wall Street analysts by surprise. According to the report, during its second fiscal quarter of 2020 JPMorgan managed to generate $33 billion in revenue (versus $30.3 billion expected) and $1.38 per share (versus $1.04 expected) in large part thanks to its record trading revenue figures.
Levi’s Posts Extremely Weak Q2 Sales, Will Cut 15% of Its Global Workforce
Source: Pixabay | Photographer: MabelAmber
Reading time: two minutes
The latest earnings report by the popular denim maker Levi Strauss & Co revealed that the company’s sales for the fiscal period tumbled by a whopping 62% as even online sales couldn’t compensate for the fact that the chain’s physical stores were closed for 10 weeks straight due to the COVID-19 pandemic.