- Details
- Written by Super Harley
- Category: Earnings Reports
Chinese video streaming company iQiyi, an arm of China major Baidu known as China's Netflix, reported first quarter earnings Monday after the close. Total revenues and subscribers rose driven by surging demand for digital entertainment when sheltering in place
- Details
- Written by Super Harley
- Category: Earnings Reports
Japanese electronic giant Sony reported worse than expected earnings for the three months ended March 31 on Tuesday. SNE's move to a subscription model in gaming and music is lessening the Covid impact however. Playstation sales were low ahead of PlayStation5.
- Details
- Written by ThePitBoss
- Category: Stocks
PNC Financial reported on Monday that it is cashing it's chips in on BlackRock. $PNC turned its $240 million bet on the asset manager into over $17 billion in 25 years. $PNC holds 22% of $BRC’s outstanding shares, and is the largest shareholder.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Novavax, a clinical-stage biotechnology company shares soared over 80% Monday after NVAX received a $384 million investment for its COVID-19 vaccine candidate and beat Wall Street earnings expectations for first quarter earnings.
- Details
- Written by Super Harley
- Category: Earnings Reports
Sporting apparel maker Under Armour reported worse than expected first quarter earnings as the Covid forced closures wrecked sales.$UAA shares fell over 10% pre-market. Under Armour competes with Nike, Adidas and Lululemon.
- Details
- Written by Super Harley
- Category: Earnings Reports
Etsy reported worse than expected first-quarter earnings after the market Wednesday that beat on revenue but missed on earnings. $ETSY stock was hit in a volatile session over 12% from after market highs after they retracted guidance and gross margins fell.
- Details
- Written by Super Harley
- Category: Earnings Reports
Communications-s software company Twilio reported better than expected first-quarter earnings after the market Wednesday that sent the stock soaring over 40% $TWLO is benefitting from the stay at home economy, distributed contact centers and telehealth.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Independent energy company Apache Corp reported a massive loss of $4.48 billion for first quarter earnings after the close Wednesday. $APA followed major oil shale players $XOM, $CVX, $OXY and $FANG in reporting.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Occidental Petroleum reported a lower loss than expected Q1 loss Tuesday, However $OXY. as the biggest Permian Basin producer after the $38 billion Anadarko aquisition is living on a knife edge with the oil price collapse. ExxonMobil , Chevron and Diamondback reported a much sounder position.
- Details
- Written by ThePitBoss
- Category: Earnings Reports
Texas independent oil and natural gas company Diamondback Energy reported better than expected first quarter earnings after the market close Monday. $FANG said it will cut oil production further due to the demand collapse from the Covid-19 lockdown.
