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Canadian software maker BlackBerry reported the results of its fourth fiscal quarter, which ended in late February. Net income received during the earnings period amounted to $51 million, whereas a year earlier a net loss of $10 million was recorded. Revenues amounted to 255 million dollars, an increase of 9%. The implementation of the software brought the company a record $248 million. Its growth was at the level of 14%. Both figures exceeded market forecasts, helped by licensing and intellectual property revenues, which jumped 71%. BlackBerry reported that since the beginning of the year its capitalization has increased by 42.5%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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