Source: Depositphotos
Reading time: two minutes
The cloud and data management service provider posted lower than expected earnings that led to a 5% drop in its share price in extended trading hours on Tuesday.
Category Archives: Market news
Adobe Reported Its Strongest Quarterly Revenue to Date, Cites Its Cloud Offerings As Top Performers
Source: Dreamstime
Reading time: two minutes
On Thursday, July 11th, Adobe announced that it had beaten its previous quarterly income record by generating $3.13 billion in revenue, or a 14% year-over-year growth.
Ambarella Secures Higher Profits for Its First Quarter of 2021 Despite the Pandemic
Source: Pexels| Author: Leo Cardelli
Reading time: two minutes
On June 2nd, the manufacturer of semiconductors for shooting HD video content announced that its revenue has surpassed last year’s performance by 16%, reaching $54.6 million.
Expedia’s Shares Tumble by 15% As It Reports Fewer Bookings
Source: Depositphotos | Author: DeltaStock
Reading time: two minutes
The price per share fell after the online travel company announced its weaker-than-usual earnings release for its first quarter of 2020. Expedia executives, however, remain optimistic, stating that they have observed higher booking activity in recent weeks and are hard at work coming up with new ways of promoting the business beyond investing in Google Ads campaigns.
Aurora Cannabis posts smaller losses than expected as US and Canadian citizens stock up on cannabis
Source: Pixabay | Author: CBD-Infos-com
Reading time: two minutes
Shares of the Canadian pot producer rose by 13% in extended-hours trading on Thursday after the company reported a stronger than expected third fiscal quarter.
Shares of Beyond Meat surge by 141%, 2020 forecast withdrawn due to COVID-19
Source: Pexels | Author: Elle Hughes
Reading time: two minutes
At a time when Berkshire Hathaway posts a record net loss of nearly $50 billion due to the virus outbreak, the plant-based meat producer sits at the very opposite spectrum, reporting a massive year-over-year revenue increase for its first quarter.