Stock rises
Shares in Zoom Video Communications rose after the company reported earnings and revenue above analysts' average estimates and raised its full-year financial forecast. Zoom added about 30,000 customers during the quarter, indicating a mo...
Li Auto's earnings
Li Auto reported first-quarter 2021 revenues above Wall Street expectations. Li Auto's electric vehicle sales were up 334% year-on-year but down 15% quarter-on-quarter. Li Auto gave a strong outlook for the second q...
Buying shares
Shares in XPeng and Li Auto, as well as cannabis producer Tilray and videoconferencing app Zoom, were bought by the Swiss National Bank in the first quarter of 2021.
Switzerland's central bank h...
XPeng shares
Chinese electric car maker XPeng reported higher quarterly earnings than analysts had expected. XPeng's first-quarter shipments rose despite a shortage of semiconductors, with the company forecasting growth in the&nb...
The company's first report
Coinbase shares rose after the company reported strong quarterly results amid rising bitcoin and other cryptocurrency prices. Coinbase said it will add Dogecoin to its platform within six to eight weeks.
Coinbas...
Losses due to fine
Alibaba reported stronger revenues and number of active users in the March quarter than Wall Street expected, but posted its first loss in nine years because of a major antitrust fine.
Shares in Chinese e...
Deutsche Telekom AG net profit
Deutsche Telekom AG (DE:DTEGn), Europe's largest telecommunications company, posted net profit of €936 million in January-March 2021, compared to €916 million in the same period in 2020 (up 2.2%), the company...
Palantir's earnings growth
Palantir shares fell amid a correction in the stock market despite the company reporting strong revenue growth in the first quarter, exceeding Wall Street forecasts. Palantir's earnings growth is forecast to slow in the se...
Peloton business
Peloton has recalled all of its treadmills, which generate the biggest revenue stream, due to an accident in which a child died and dozens were injured. Analysts are giving different forecasts for Pelot...
Demand for taxis
Lyft has increased revenues compared with the previous quarter and expects a further recovery in demand for its taxi service. Lyft provided an outlook for the coming quarter and reiterated its promise to become p...
Pfizer's earnings
Pharmaceutical company Pfizer (NYSE:PFE) Inc. increased both net income and revenue by 45% in the first quarter.
According to Pfizer press release, its net income in January-March was $4.88 billion, compared to $3.36 billion&...
Chinese electric car sales in April
Chinese electric car makers Nio, Xpeng and Li Auto reported strong sales in April, but the growth rate was significantly lower than in March. Nio management points to a chip shortage that will hold back sales grow...
Barclays revenue and earnings
Barclays Plc (LON:BARC) posted net profit of 1.704 billion pounds ($2.37 billion) in January-March, up from 605 million pounds a year earlier, the British bank said in a press release. Thus, organization's qua...
Amazon's revenues beat experts' expectations
US corporation Amazon's sales revenues in the first quarter of this year amounted to $108.5 billion, according to the company's financial statements released on Thursday. The figure was a record for this ...
Facebook doubled its profits
Facebook shares rose 6 per cent after the company released its financial report for the first quarter of 2021, far exceeding Wall Street expectations.
Fac...
Microsoft's sales growth
Microsoft shares fell despite posting higher earnings per share and revenue than analysts on average expected. Investors were disappointed by slowing sales growth in Microsoft's cloud division.
Microsoft (MSFT) shares fell ...
Alphabet's earnings growth
Shares in Alphabet, Google's parent company, hit a 52-week high in early trading on Wednesday after the company reported a jump in profits and a 34% rise in revenues.
Alphabet (GOOGL, GOOG) reported its fin...
Tesla earnings
Tesla shares fell 2.5 per cent after the world's most expensive car company released its quarterly results. Despite Tesla's record profit growth, sceptics saw many risks for the company in 2021.
Tesla (TSLA) shares reacted with a dec...
Revenues beat Wall Street forecasts
Snap shares reacted strongly to successful first-quarter results and high revenue growth forecasts of 80% to 85% in the second quarter, according to management expectations. Snap outperformed analysts' e...
American Express revenue
American Express Co (NYSE:AXP), one of the leaders in the U.S. plastic card market, posted a six-fold increase in net income in the first quarter to 2.2 billion dollars, or 2.74 dollars per share, compared with 367 million d...
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