Source: Dreamstime
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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.
Source: Depositphotos
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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.
Source: Unsplash | Photographer: Razvan Chisu
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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.
Source: Pixabay | Photographer: MabelAmber
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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.
Source: Dreamstime
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The Canadian multinational company, formerly known as Research In Motion, announced its total GAAP revenue for its first quarter of fiscal 2021. The amount: $206 million, or а 17% decline year-over-year than the $247 million the company had generated for the same period last year.
Source: Depositphotos
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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.