Amazon.com Inc on Thursday reported sales growth and profit ahead of Wall Street’s expectations, as the company delivered goods faster and cheaper to shoppers and as recent cloud-computing headwinds began to subside. Shares of Amazon rose about 11 per cent in early trade. Facing an array of challenges, Amazon has aimed to… Continue reading Amazon crosses Wall Street’s estimates, posts $134 bn revenue in Q2
Tag: estimates
Toyota Motor’s quarterly profit tops estimates, shares hit all-time high
Toyota Motor ’s quarterly profit exceeded estimates as improvements in supply of semiconductors and a weak yen helped it capitalise on a global rebound in demand for vehicles. The stock closed at a record high. Operating profit for the three months through June was a record ¥1.1 trillion ($7.7 billion), the world’s No.… Continue reading Toyota Motor’s quarterly profit tops estimates, shares hit all-time high
Pfizer misses revenue estimates as Covid-19 product sales decline
Pfizer is also preparing for declining revenues in coming years as some of its top-selling drugs are soon set to face competition from cheaper generic treatments. | Photo: Bloomberg Pfizer Inc reported a bigger-than-expected 54% decline in second-quarter revenue on Tuesday, as the U.S. drugmaker faced declining demand for its COVID-19 products. … Continue reading Pfizer misses revenue estimates as Covid-19 product sales decline
Uber forecasts quarterly operating profit above estimates on ride demand
Uber Technologies on Tuesday forecast third-quarter operating profit above Wall Street expectations as it sees growing demand for ride hailing due to strong leisure travel trends and gradual return to in-office work. The San Francisco-based company’s shares rose over 4% in trading before the bell. The stock has doubled so far this… Continue reading Uber forecasts quarterly operating profit above estimates on ride demand