Paypal's revenue increase
PayPal increased its Q4 revenues by 23% and the number of active customers by 24% to 16 million, its new cryptocurrency service enjoyed growing demand. PayPal's total payments processed for 2020 approached $1 trillion.
Sha...
Google's business
Shares in Alphabet (GOOGL, GOOG), up 29.4% over the past year, rose 7% after the close of trading on Tuesday when the company released its fourth-quarter financial report.
Key cues for investors were strong growth i...
Net profit growth
Net profit at Japanese gaming console and video game maker Nintendo Co (T:7974). for the third quarter of fiscal 2020-2021, up 1.9 times to 375.67 billion yen ($...
Facebook's profit
Net profit of US-based Facebook Inc (NASDAQ:FB). which owns the world's largest social network, rose 53%, or one-and-a-half times, to $11.22 billion in the fourth quarter of 2020.
Earnings per share r...
Company's sales
Apple surpassed the high expectations of Wall Street analysts by reporting new record figures for the past holiday quarter. The company noted a boom in iPhone upgrades in China a...
Company Q4 earnings
AMD ended Q4 2020 beating Wall Street expectations largely due to sales growth of 176% in the segment that includes server chips and graphics processors for gaming consoles. AMD expects sales growth of 37% in&...
Starbucks earnings
US-based Starbucks Corp (NASDAQ:SBUX). which owns the world's largest coffee chain, saw its net profit for the first quarter of fiscal 2021, which ended on December 27, 2020, decline 30% to $622.2 million, or 53 cents per share, f...
Profit better than expected
US-based Johnson & Johnson (NYSE:JNJ), the world's largest manufacturer of health products, saw its net income fall 2.3 times to $1.738 billion, or $0.65 per share, in the fourth quarter of 2020, down from $4.01 billi...
Q4 result
The net profit of the world's largest custodian bank Bank of New York Mellon Corp. (BNY Mellon) fell almost twice to $702 million from $1.39 billion in the same period of the previous year. Earnings per share ...
Quarterly results and company forecasts
UnitedHealth reported better fourth-quarter results than analysts had expected, while maintaining its December forecast for the full year 2021.
UnitedHealth Group (UNH) reported higher revenues...
Shares of financial companies
Major US banks JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) reported their fourth quarter 2020 results. Shares in all three banks declined on Friday amid a general market decline following a pessimistic gov...
Company earnings
Net income of Wells Fargo Co (NYSE:WFC). the market leader in mortgage lending and the second-largest U.S. bank by capitalization, rose 4% to $2.99 billion, or 64 cents per share, in the fourth quarter of 2020, up from $2.87 billion...
Positive report
Nike's revenue and profit for the three months ended 30 November were above analysts forecasts, thanks to a strong sales recovery in China and another jump in digital sales growth. Nike raised its revenue forecast for fiscal 2021.
S...
Reduction of expenses in the Company
The head of Tesla believes that the company needs to focus on making profits and reducing costs to meet investor expectations.
Elon Musk has warned its employees that they need to focus on ma...
Quarterly company results
Salesforce acquires Slack for $27 billion with a combination of shares and cash. Salesforce outperformed Wall Street's estimate for the third quarter,&nb...
Adding to S&P 500
The S&P Dow Jones Indice Index Committee decided to add Tesla shares to the S&P 500 in one step after consulting with investors. The addition will force the index funds to buy these sh...
Zoom's forward-looking statements and quarterly results
Zoom shares fell on Monday despite the fact that the company surpassed its third quarter and fourth quarter forecasts. At the same time, it is difficult for Zoom to compete in the large corpora...
Stock market on Friday
The US stock market concluded trading on Friday in the green zone amid ubiquitous growth in technology and healthcare stocks, which pushed the S&P 500 and Nasdaq Composite indices to new closing records.
Standard Poor's 5...
AAPL shares declined
At Wednesday's closing, Apple's shares (AAPL) were worth $116, up 58% since the start of the year but fell 18% from a high of $137.5 on 2 September.
The growth peak coincided with the split of Apple shares four to one on 31 Aug...
Transaction between LVMH and Tiffany
Tiffany reported significantly better 3Q results than Wall Street expected, thanks to increased sales in the Asia region and some recovery in other markets.
On Tuesday, Tiffany (TIF) rep...
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