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Alibaba’s June quarter results will be up on Thursday

Going by the ticker name (NYSE: BABA), Alibaba is ready to announce their first quarter fiscal 2020 earnings results on August 15, 2019. However, Alibaba is expected to display a slow growth in revenue. Irrespective of the expected slow revenue growth, the analysts are remaining optimistic about its profitability. According to Refinitiv data, the estimated…
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Saudi Aramco is readying for the public debut

Officially known as Saudi Arabian Oil Company, Saudi Aramco is the world’s largest oil and gas company by revenue. Engaged in the petroleum and the natural gas business, its headquarters is based in Dhahran, Saudi Arabia. Although the company stated that their profit fell during the first half due to the fact that oil prices…
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What is India’s ReNew Power?

Based in Haryana, India and founded in 2011, ReNew Power is the brainchild of Sumant Sinha who is an entrepreneur in the renewable energy sector. Although it is at the start-up level, the company has raised more than $1 billion of funds in 2019 itself. Currently, the company hold the largest portion of wind and…
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Lyft’s Q2 earnings exceeded Wall Street expectations

The famous ride hailing company released their second quarter earnings report and it was better than what Wall Street expected. After Lyft released their better than estimated earnings for the quarter, the stock soared as high as 13% after-hours. However, later, the stock fell probably due to the fact that the company is moving up…
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An unexpected turn of events for Disney

The giant in the entertainment industry reported their third-quarter results. Unfortunately, for them, it was unfavourable as it was below the consensus expectations of the analysts. On Tuesday, the shares plunged about 3.7% in after-hours trading after the announcement. Both earnings and revenue were below the estimated values. According to the report, the revenue was…
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The future for entertainment behemoth Disney seems to be fruitful

When you say that you are a fan of Disney, it pretty much covers a vast area of entertainment. Disney had a huge presence at San Diego Comic-Con, the largest geek and pop culture convention in the world, last month. The famous fandoms such as extremely successful Marvel, beloved Star Wars and even Avatar which…
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Airbus second-quarter profits are on the wing

On Wednesday (July 31, 2019), Airbus posted their second-quarter earnings that flew above the analyst forecasts. According to the financial results, Airbus has gained 72% profit increase to $2.20 billion, which is more than twice its profits in the first half of the year. Europe’s largest aerospace group stated that their revenues rose 23% to…
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Beyond Meat’s 2nd quarter sales are on fire, but the overall report is quite odd

The titan in the plant-based meat industry, Beyond Meat (BYND), reported their second-quarter earnings and revenue which happens to be a mix bag. The company has been immensely successful with their sales, and on Monday afternoon they stated that their sales nearly quadrupled the amount it earned in the same period last year, which was…
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Hong Kong stocks underperform due to protests

On Monday (July 29, 2019), Hong Kong stocks started tumbling following mass demonstrations that lasted about 3 days and civil unrest in the city due to mass protests. Hong Kong’s Hang Seng index fell more than 1% in the morning trading whereas China’s Shanghai Composite and the SZSE Component were both down 0.2% as reported…
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Facebook exceeded expectations for second quarter results

The social media networking giant Facebook revealed its Q2 earnings on Wednesday (July 24, 2019). It went beyond the expectations of the Wall Street. Facebook’s (NASDAQ: FB) growth rate has amplified in the second quarter of the company. According to the second quarter results, the revenue was $16.89 billion ahead of the Wall Street estimate…
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