Services news

CrowdStrike Holdings Inc (NASDAQ: CRWD) jumped 3% in extended trading on Thursday as the company reported market-beating quarterly results. CrowdStrike’s Q1 financial results CrowdStrike reported $85 million (£60.27 million) of loss in the fiscal first quarter that translates to 38 cents per share versus last year’s $19.2 million loss…

FireEye Inc (NASDAQ: FEYE) shares tanked about 10% on Thursday morning as the cybersecurity firm announced a definitive agreement with Symphony Tech-led investor group to sell its Products business for $1.2 billion in cash before transaction-related costs and taxes. The transaction is expected to close in Q4 of 2021…

Delta Air Lines Inc. (NYSE: DAL) expects domestic leisure travel to be more than 100% restored in the month of June, up from 60% in March, according to its latest filing with the Securities and Exchange Commission (SEC).  Shares of all airline companies plummeted last year after the…

Zoom Video Communications Inc (NASDAQ: ZM) reported market-beating quarterly results on Tuesday, after the bell, and raised its guidance for the full financial year. Shares of the company opened more than 1% up on Wednesday but lost over 2.5% in the next hour to trade at $322.88 (£227.68).

Zoom Video Communications Inc. (NASDAQ: ZM) reported its financial results for the fiscal first quarter on Tuesday that beat Wall Street estimates. On the back of hawkish quarterly performance, the company also raised its guidance for the full year. Financial performance Zoom reported $227.4 million (£160.35 million) of net…

The Dow Jones Industrial Average concluded last month with a close to 2% gain, despite several of its notable companies struggling to turn green.  Among the bottom performers in May were the giants like McDonald’s, Verizon, Disney, Apple and Visa Inc (NYSE: V). Craig Johnson’s remarks on CNBC’s “Trading…

Salesforce.com Inc (NYSE: CRM) reported its quarterly financial results on Thursday that beat Wall Street estimates. Shares of the company were about 5% up in after-hours trading as it raised its guidance for the full year. Commenting on the earnings report, Jefferies tech sector specialist, Jared Weisfeld, said on…

Aviva plc (LON: AV) reported strong performance for the first quarter on Thursday and expressed confidence that the profitability of its underwriting will improve further this year. Aviva shares opened at 401 pence in the stock market on Thursday and climbed to 411 pence in the next hour. In…

Intuit Inc. (NASDAQ: INTU) published its earnings report for the fiscal third quarter on Tuesday that came in weaker than what analysts had anticipated. Its guidance for the full year, however, topped Wall Street estimates. Financial performance Intuit said that its net income printed at $1.46 billion (£1.03 billion)…

Electrocomponents plc (LON: ECM) reported a decline in its profit for fiscal 2021 despite an increase in the revenue. The company also increased its final dividend on Tuesday. Electrocomponents plc opened at £10.42 per share on Tuesday and slid to an intraday low of £10.20 per share in the…

Palo Alto Networks Inc. (NYSE: PANW) jumped about 6% in after-hours trading on Thursday as the company reported financial results for the third quarter that beat Wall Street estimates and raised its guidance for the full year. Including the price action, shares of the company are now exchanging hands…

Royal Mail plc (LON: RMG) said on Thursday its pre-tax profit climbed in fiscal 2020 as the ongoing Coronavirus pandemic restricted people to their homes, fuelling demand for courier services. The company acknowledged COVID-19 uncertainty but expressed confidence that grounds for future optimism remained on the table. Royal Mail…

Experian plc (LON: EXPN) reported an increase in its pre-tax profit for fiscal 2021 on Wednesday and expressed confidence that its revenue will climb significantly this year. Experian shares tanked close to 5% on market open on Wednesday. Including the price action, the stock is now exchanging hands at…

Coinbase Global Inc. (NASDAQ: COIN) opened more than 5% up in the stock market on Friday after reporting its first-ever quarterly results as a public company. The stock, however, lost the entire intraday gain later on. Financial performance Coinbase noted $1.8 billion (£1.28 billion) of revenue and $771.51 million…

Airbnb Inc. (NASDAQ: ABNB) reported a larger-than-expected loss in the fiscal first quarter. The company, however, topped estimates for revenue and gross bookings. Airbnb shares were reported about 0.75% down in after-hours trading on Thursday. The U.S firm went public last year in December at a per-share price of…

FuboTV Inc. (NYSE: FUBO) shares soared 22% on Wednesday morning as the company reported robust financial results for its fiscal first quarter. On the back of hawkish Q1 performance, FuboTV also raised its guidance for the full year. FuboTV is currently exchanging hands at £15.04 per share versus a…

Compass Group plc (LON: CPG) said on Wednesday that its pre-tax profit fell sharply in the fiscal first half as the Coronavirus pandemic weighed on revenue. The company, however, expressed confidence that revenue will pick up gradually in the third quarter. Compass Group shares opened 2% up in the…

Palantir Technologies Inc. (NYSE: PLTR) is in focus on Tuesday as the company reported its financial results for the fiscal first quarter. The stock was down about 8% in premarket trading on Tuesday. Palantir Technologies said its net loss more than doubled in the first quarter despite revenue that…

Palantir Technologies Inc. (NYSE: PLTR) said on Tuesday its net loss more than doubled in the fiscal first quarter. Revenue, however, came in better than what analysts had anticipated for Q1. The U.S. firm gave better-than-expected guidance for the second quarter on Tuesday. 1. Financial performance Palantir reported £86.97…

The U.S. jobs data for April came in weaker than expected on Friday, but the stock market looked unbothered as the S&P 500 and Dow Jones indices closed at a record high. Commenting on the employment report on CNBC’s “Squawk Box”, Pivotal Advisors’ CEO Tiffany McGhee agreed with President…

Trade Desk Inc. (NASDAQ: TTD) tanked about 20% in the premarket trading on Monday as the company gave guidance for the fiscal second quarter that topped FactSet consensus but one that came with a warning. The software company said: “We have not provided an outlook for GAAP Net…

DraftKings Inc. (NASDAQ: DKNG) said on Friday its revenue posted a close to 200% growth in the fiscal first quarter. The company, however, reported a wider than expected loss in Q1 that more than quadrupled on a year over year basis.   1. Financial performance DraftKings noted £247.62 million of…