Swvl Holdings Soar 48% After Agreeing to Acquire Zeelo in Global Push
(Swvl) Shares of Swvl Holdings Corp. rose more than 48% on Thursday after announcing a deal for Zeelo to become the global leader in mass transit. Swvl said that Zeelo…
Twitter’s Net Revenue Jumps 16% Amid Subscription Weaknesses
(Twitter) Twitter reported a net revenue of $1.20 billion in the first quarter of 2022, representing a gain of 16% from the previous year. The company said its advertising revenue…
Ford Affirms FY22 EBIT Amid $3.1B Loss in the First Fiscal Quarter
(Ford) Ford said it was on course to deliver a FY22 EBIT of between $11.5 billion and $12.5 billion, which is 15% to 25% higher than 2021. The affirmed guidance…
Teladoc Plunges 40% as Q1 2022 New Loss Widens Amid a $6.6B Impairment Charge
(Teladoc) Shares of Teladoc tanked 40% on Thursday after reporting a net loss per share of $41.58 in the first quarter of 2022, compared to a loss per share of…
Qualcomm Grows Earnings by 67% In Q2 2022 After Record Revenues
(Qualcomm) Qualcomm Incorporated reported a net income of $2.934 billion in the second quarter of 2022, an increase of 67% from the previous year. The company’s revenue hit a record…
Facebook Stock Soars 17% As It Reports Subscriber Gains, Higher Earnings
(Meta) Shares of Meta’s Facebook rose more than 17% on Thursday after reporting 2.94 billion monthly active users in the first quarter of 2022, up 3% from the prior year.…
Boeing Net Loss More Than Doubles in Q1 2022 Amid Big Revenue Miss
(Boeing) Boeing reported a net loss of $1.242 billion in the first quarter of 2022, widening from a loss of $561 million in the prior year. The company’s revenue in…
Lucid Jumps Nearly 7% After Deal of 100,000 EVs by Saudi Arabia
(Lucid) Shares of Lucid Group rose almost 7% on Wednesday after announcing that Saudi Arabia would purchase up to 100,000 of its electric vehicles. The company said the Government of…
Spotify Records 19% Jump in MAUs as Q1 2022 Rev. Rises 24%
(Spotify) Spotify’s monthly active users were recorded at 422 million in the first quarter of 2022, up by 19% from the prior year. The MAUs surpassed an initial guidance increase…
Alphabet’s Net Income Slows to $16.44 Billion in Q1 2022
(Alphabet) Google’s Alphabet reported a net income of $16.44 billion or $24.62 per share in the first quarter of 2022, down from $17.93 billion or $26.29 per share in the…
Microsoft Grows Revenue by 18% as Cloud Strengths Continue
(Microsoft) Microsoft Corp. reported revenue of $49.4 billion in the third quarter of 2022, an increase of 18% from the previous year. The company said that its cloud platform continued…
GE Narrows Loss to $0.99 per Share in Q1 2022, but Outlook Disappoints Wall Street
(GE) Shares of General Electric fell more than 3% in premarket on Tuesday after CEO Larry Culp warned that the company’s results were moving towards the low end of the…
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