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The American company Twitter, which owns the same-name microblogging network, recorded a net profit of $61 million in the first quarter against a loss of $62 million over the same period last year. Adjusted earnings per share were 16 cents, and the analysts had forecast 11 cents per share. Quarterly revenue rose to $665 million from $548 million a year earlier. Analysts had expected the figure at $608 million. At the end of March, the average number of active Twitter users increased by 6 million, compared to the previous quarter, to 336 million. Experts had predicted an increase in the number of users by 4 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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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