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Twitter reported that in the second quarter the number of its users decreased by 1 million compared to the first quarter, to 335 million. As finversia.ru wrote, on this background, Twitter shares during early trading on the New York Stock Exchange on Friday fell by 16.03% to 36 dollars 6 cents. It is noted that due to the fixation of profits for the third consecutive quarter, Twitter shares from the beginning of the year to Friday increased by 79%. In the second quarter, the company's profit was $100 million compared to a $116 million loss a year earlier. Revenue in annual terms increased by 24% to $711 million.
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 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
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