Financial Performance

Social Media

Twitter Shares Fall on Slowing User Growth in Q3

Twitter beat estimates on the top and bottom lines but daily active user growth of only 1 million disappointed investors.
Financial Performance

Moderna Q3 Revenues Beat Estimates

The biotech is preparing for the global launch of its potential COVID-19 vaccine.
Financial Performance

Visa Beats Estimates as Travel Slump Continues

“The recovery so far has been uneven, V-shaped for domestic volumes but L-shaped for cross-border volumes,” CFO Vasant Prahbhu says.
Financial Performance

Boeing Posts $466M Loss, Announces Job Cuts

The company is battling reduced demand amid the COVID-19 pandemic, with commercial aircraft sales down 56% in Q3.
The Cloud

Cloud Growth Drives Microsoft Earnings Beat

Microsoft has benefited from businesses accelerating the shift to cloud infrastructure and applications due to the COVID-19 pandemic.
Financial Performance

HSBC Beats Estimates, May Resume Dividend

“These were promising results against a backdrop of the continuing impacts of COVID-19 on the global economy."
The Cloud

SAP Shares Fall 23% on Q3 Results, Guidance

“COVID-19 has created an inflection point for our customers," the company said as it announced a "strategic pivot" to cloud computing.
Applications

Intel Shares Plunge on Falling Margins, Increased Competition

"We're seeing increased competition in the second half of the year, but not different levels of competition than we thought.”
Financial Performance

Netflix Reports Mixed Q3 Earnings, Slower User Growth

Revenue was higher by 22.7% year-over-year as the company recorded 2.2 million paid net subscribers versus 6.8 million net additions a year ago.
Financial Performance

Costco Posts 11.4% Same-Store Sales Increase

The big-box retailer continued to benefit from shoppers stocking up on everything from food to patio furniture.
Financial Performance

General Mills Sales Rise on At-Home Food Demand

The cereal maker's Q1 results were "highlighted by broad-based market share gains amid elevated at-home food demand due to the COVID-19 pandemic."
Financial Performance

Digital Sales Surge Fuels Nike Earnings Beat

“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back."
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