Tag Archives: Outlook

MOSCOW (Reuters) – Russian internet giant Yandex on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion). Yandex, which is spending $400-500 million on an e-commerce drive this year to tap into surging demand for online services during the pandemic, said gross merchandise volumes for its e-commerce businesses jumped 155% to 35.1 billion roubles… Source link

(Corrects to remove reference to three stocks in fourth paragraph) * Social media stocks rally after strong results * AmEx jumps on blowout Q2 profit * Intel sales forecast implies rocky second half of 2021 * Indexes up: Dow 0.39%, S&P 0.44%, Nasdaq 0.26% By Devik Jain and Shreyashi Sanyal July 23 (Reuters) – Wall Street’s main indexes rose on Friday, helped by megacap technology stocks and strong earnings from social media companies, while a weak sales forecast from Intel hit chipmakers amid… Source link

PepsiCo’s (PEP) second quarter earnings release is going down easy for investors.  The beverage and snacks giant — widely expected by analysts to have a strong quarter as economies globally re-open from the pandemic — blew away forecasts across the board. Total revenue rose 20.5% from a year ago, powered by strong double-digit sales gains in PepsiCo’s North America beverage, Latin America, EU and Africa businesses. Sales rose by 6% each in the Frito Lay North America and Asia Pacific… Source link

(Adds shares, analyst comment)    STOCKHOLM, July 13 (Reuters) – Finland’s Nokia said on Tuesday it planned to raise its full-year outlook as business picked up pace in the second quarter, sending the telecom equipment maker’s shares up more than 6%.    The company, which will provide the new outlook on July 29 while reporting second-quarter results, had earlier projected 2021 net sales of 20.6 billion to 21.8 billion euros ($24.4-$25.85 billion).    Nokia had been struggling against… Source link

Stock futures opened lower Wednesday evening as investors contemplated the Federal Reserve’s latest monetary policy decision and updated projections, which signaled a quicker path to higher interest rates than previously anticipated. Contracts on the S&P 500, Dow and Nasdaq added to earlier losses. Each of the three major stock indexes ended Wednesday’s session lower after the Fed’s new projections pointed to two rate hikes by year-end 2023. Federal Open Market Committee members also upgraded… Source link

Bitcoin and its fellow cryptocurrencies have been hogging the headlines again following Wednesday’s deep plunge. Seasoned crypto investors are accustomed to such swoons, which are usually mirrored in the performance of Bitcoin-related stocks, such as miner Riot Blockchain (RIOT). And just as Bitcoin surged in the year’s first quarter, so did Riot’s revenue streams. The company reported Q1 results earlier this week, with revenue reaching $23.2 million, a 342.1% uptick from the $5.2… Source link

DoorDash (DASH) posted a first-quarter earnings report on Thursday that largely surpassed Wall Street’s expectations, with the company demonstrating that the boost it got from COVID-19 demand has staying power beyond the pandemic. The company reported revenue that skyrocketed 198 percent compared to a year-ago, to $1.08 billion, and total orders soaring 219 percent year-over-year, to $329 million. The results sent its stock on a tear after hours, which was up over 10%. Here’s what the San… Source link

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery pushed advertising’s share of group revenues below 50% for the first time. Yandex’s advertising and search business, still the driving force of its profits, has recovered from a hit during the early stages of the COVID-19 pandemic. At the same time, its revenue growth has been outpaced by the newer business… Source link

(Adds dropped country code) MOSCOW, April 28 (Reuters) – Russian internet giant Yandex on Wednesday reported a 43% drop in first-quarter adjusted net income compared with last year but raised its 2021 revenue forecast as the recovery in its core advertising business continued after an early pandemic hit. The advertising business was hurt during the early stages of COVID-19 but other segments such as food delivery and e-commerce boomed as people adapted to using online services when… Source link