Uber (UBER) reported its Q3 2020 earnings after the closing bell on Thursday, beating analysts’ expectations on solid growth from its Eats business. Still, the impact of the ongoing coronavirus pandemic continues to be a concern for Uber’s main Rides business, which fell short of analysts’ forecasts. Here are the most important numbers from the report compared to what analysts were expecting from the company in the quarter, as compiled by Bloomberg. Gross bookings: $14.75 billion versus… Source link
Read More »Yandex (NASDAQ:YNDX) Sees Significant Decrease in Short Interest
Yandex (NASDAQ:YNDX) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 11,430,000 shares, a decline of 14.2% from the September 30th total of 13,320,000 shares. Based on an average daily volume of 3,390,000 shares, the short-interest ratio is presently 3.4 days. Yandex stock opened at $56.88 on Tuesday. The firm’s 50 day simple moving average is $60.86 and its 200-day simple moving average is $52.41. The company has a… Source link
Read More »Google’s Advertising Haul Comes Up Short for First Time
The global pandemic dealt a rare losing hand to Google’s venerable digital advertising operation, pushing quarterly revenue down compared with a year earlier for the first time in company history. The search-engine giant posted a $2.6 billion drop in advertising for the second-quarter from a year earlier, as some of Google’s biggest advertisers, including travel companies and consumer brands, cut back on spending in the face of economic uncertainty. … Source link
Read More »Tony Finau comes up short at 3M, will turn to brother as caddie
For the second straight week, Tony Finau came up short on Sunday with an elusive trophy in sight. Last week Finau had a share of the 36-hole lead at the Memorial Tournament before fading over the weekend, including a final-round 78 to fall into eighth place. That finish prompted a caddie switch, as Finau had swing coach Boyd Summerhays on the bag for this week’s 3M Open. He once again played his way into contention and was the highest-ranked player to make the cut, only to falter once again… Source link
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