Applied Materials Inc. (NASDAQ: AMAT) reported its financial results for the fiscal fourth quarter on Thursday that topped analysts’ estimates for earnings and revenue. Shares of the company jumped close to 3% in after-hours trading on Thursday. On a year to date basis, Applied Materials is now 15% up…
In a report on Thursday, Deutsche Telekom AG (ETR: DTE) said that its revenue in the fiscal third quarter came in higher than last year. The company attributed its hawkish performance to a successful merger of T-Mobile US and Sprint Corporation. Deutsche also said that growth remained robust in…
Tencent Holdings Ltd. (HKG: 0700) said on Thursday that its net profit in the fiscal third quarter posted a massive 89% growth on a year over year basis. The company attributed its hawkish performance to better cost efficiency and robust demand for its gaming business that resulted in higher…
Siemens AG (ETR: SIE) said on Thursday that its profit in the fiscal fourth quarter increased on an annualised basis and topped analysts’ estimates. The company also offered guidance for the ongoing financial year. Shares of the company closed almost flat on Thursday. At £102.23 per share, Siemens AG…
In a report on Wednesday, Toshiba Corp. (TYO: 6502) said that its operating profit in the fiscal second quarter posted a 64% decline as it struggled to recover from the impact of the COVID-19 crisis that has so far infected a little under 52 million people worldwide and caused…
E.ON SE (ETR: EOAN) said on Wednesday that its profit in the fiscal third quarter posted a decline. Operating performance, however, remained robust on the back of a rapid market recovery. The company also confirmed its guidance for the full year on Wednesday. Shares of the company opened more…
Continental AG (ETR: CON) revised its guidance for 2020 on Wednesday and said that it now expects a smaller adjusted earnings margin and lower sales for the full year. In the prior year (fiscal 2019), Continental AG had seen a net loss of £1.09 billion, as per the…
Royal Dutch Shell plc (AMS: RDSB) said on Wednesday that it will cut jobs and slash its crude processing capacity by 50% in Singapore at its Pulau Bukom oil refinery. The announcement, it added, was a part of its overhaul aimed at minimising carbon emissions. Shares of the company…
In an announcement on Wednesday, Workspace Group plc (LON: WKP) said it concluded the fiscal first half in loss and deferred its decision to pay a full-year dividend. The office space provider has taken a massive hit this year as the Coronavirus pandemic pushed its customers into downsizing or…
Lyft Inc (NASDAQ: LYFT) published a better than expected earnings report for the fiscal third quarter on Tuesday that resulted in a 6% gain in its stock in after-hours trading. Including the price action, Lyft is now exchanging hands at £28.67 per share that translates to an over 10%…
Deutsche Post (ETR: DPW) said on Tuesday it expects an eCommerce boom in the upcoming Christmas season. The package delivery is now committed to expanding its capacity to hander higher demand in the upcoming months. Shares of the company tanked more than 5% on market open. Deutsche Post is…
Adidas (ETR: ADS) published it is financial results for the fiscal third quarter on Tuesday that topped analysts’ estimates for profit and sales. On a year to date basis, however, it saw a decline on both fronts. Adidas was reported about 3% down in premarket trading on Tuesday and…
Premier Foods plc (LON: PFD) said on Tuesday that its pre-tax profit in the first six months of the current fiscal year came in more than 200% higher on a year over year basis. On the back of its hawkish performance, it also raised its guidance for the full-year…
In a report on Tuesday, Land Securities Group plc (LON: LAND) said that it concluded the fiscal first half with a broader loss, attributed primarily to a drop in the value of its assets. The company, however, chose to reinstate dividend payments on Tuesday. Shares of the company opened…
Simon Property Group Inc. (NYSE: SPG) said on Monday that its retail properties in the fiscal third quarter posted higher rent collections in the United States, after a sharp decline in the spring quarter due to the Coronavirus pandemic that weighed on the financial health of tenants. Shares…
Canopy Growth Corp (TSE: WEED) said on Monday that its loss in the fiscal second quarter came in smaller than expected. The company also reported revenue that topped analysts’ estimates. Shares of the company opened about 13% up in the stock market on Monday but lost almost half…
McDonald’s Corporation (NYSE: MCD) published its financial results for the fiscal third quarter on Monday that topped analysts’ estimates for earnings and revenue. The company attributed its hawkish performance to promotions in the United States that helped invite its customers back to restaurants after months of halt due to…
In a statement on Monday, Pfizer Inc (NYSE: PFE) and BioNTech SE (NASDAQ: BNTX) said that their jointly developed COVID-19 vaccine is effective in more than 90% of the patients. The two drug manufacturers are the first ones to publish successful trial data, taking the world a step closer…
TP ICAP plc (LON: TCAP) said on Monday that its revenue in the fiscal third quarter came in 19% lower on a year over year basis. The world’s largest inter-dealer broker also revealed plans of restructuring that it expects to result in £35 million of annual savings starting from…
SoftBank (TYO: 9984) said on Monday that it swung to a net profit in the fiscal second quarter, on the back of earnings attributed to its Vision Fund business, including its investment in Beike (Chinese property brokerage). Shares of the company opened about 3% up in the stock market…
In a report on Monday, Dignity plc (LON: DTY) said that its revenue in the first three quarters of the ongoing fiscal year combined, came in 4% higher. The funeral services provider attributed the increase to the ongoing Coronavirus pandemic that saw it conducting more cremations and burials this…
In a report on Saturday, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) reported £22.88 billion of earnings in the recent quarter versus the year-ago figure of a much lower £12.54 billion. The American multinational attributed the gain to its investments that saw an £18.85 billion growth in estimated value in…
Honda Motor Co. (TYO: 7267) said on Friday that its earnings jumped 28% in the fiscal second quarter as sales recovered quickly in China after months of halt due to the Coronavirus pandemic. The company also raised its guidance for annual operating profit by over 100%. Shares of the…
Toyota Motor Corp (TYO: 7203) raised its guidance for annual profit by over 100% on Friday as sales recovered quickly in China after months of halt due to the Coronavirus pandemic. Its earnings in the fiscal second quarter, however, were down 24%. Shares of the company closed the regular…
Bitcoin is going through high levels of volatility as the US presidential election takes place. While it remains whether the Democratic or Republican party will win, historical data shows that the flagship cryptocurrency may resume its uptrend after Americans are done casting their ballots. Bitcoin is resilient ahead of…
