Stocks

Nokia Generates Some Q1 Profits Despite Pandemic

Finland based IT and telecommunications company Nokia Oyj (NOKIA) has revealed its first quarter results of the year for the three month period ended March 31. Despite the quarter being dominated by coronavirus pandemic, the tech company managed to generate some profit. In the quarter, Nokia generated profit of 1 euro cent per share, a […]

Airbus Profits Slump by 49% in Worst Ever Quarter for the Industry

The airline industry turns out as among the greatly affected by coronavirus pandemic with many players in the industry calling out for injections and bailouts if they are to get back on their feet. Europe largest aerospace company Airbus SE (EPA: AIR) posted its quarterly results recording a 49% decline in profit after recording 281 […]

Stay at Home Orders Helps Microsoft Beat Q3 Estimates

Tech Company Microsoft Corporation (MSFT) has announced its third quarter results for the period ending March 31, in the results Microsoft surpassed profit, revenue and sales estimates by Wall Street. In the quarter, revenue of the company increased by 15% to $35.02 billion surpassing earlier Wall Street’s estimate of $33.66 billion. Microsoft generated a net […]

Fords Nets $2 Billion Losses in a Pandemic Fueled First Quarter

World known automaker Ford Motors Co (F) has released its first quarter results for the year for the period ended March 31, from the results by the company, without a doubt current state of the global economy affected performance of the company in the quarter. In the first quarter, the automaker reported losses amounting to […]

Angry Birds Maker Reports 75% Profit Increase in Q1 Results

Maker of widely known game ‘Angry Birds’ Rovio Entertainment (ROVIO) reported its first quarter results for the year generating an increase of about 75% in profit for the quarter. In the first quarter ended March 31, Rovio reported operating profits 13 million euros ($14.1 million), a significant increase from the 7 million euros the Finland […]

Adidas Sharply Misses Q1 Estimates Says Q2 May be Worse

Terrible First Quarter German based sportswear manufacturer Adidas AG (ETR: ADS) has reported plunged results for the first quarter of the year ending March 31. The company attributes losses to global breakout of deadly coronavirus which has brought economies to standstill more so in the sporting industry where the company thrives in. In the first […]

Embraer Facing Historical Crisis Without a Contingency Plan

Brazil based plane maker Embraer SA (EMBR3) is facing its toughest times in the history of its existence. Coronavirus pandemic has greatly affected airline industries globally, however Embraer is feeling the heat of the pandemic without a plan B. Before global outbreak of the pandemic U.S based Boeing Co (BA) had offered Embraer a commercial […]

Alibaba (NYSE:BABA) To Resume Hong Kong Listing Plans As Soon As November

Alibaba Group Holding Ltd (NYSE:BABA) plans to initiate its listing in Hong Kong this November. Alibaba aims at raising approximately $15 billion from this listing. This comes after its plans to actualize the listing were derailed by political instability early this year. The listing of Alibaba in Hong Kong will not only boost the company’s […]

Microsoft Corporation (NASDAQ:MSFT) Is Proud To Become An Integral Partner In The Cloud Strategy Of Pentagon On Winning $10 Billion JEDI

Microsoft Corporation (NASDAQ:MSFT) broke the silence after winning a prestigious $10 billion JEDI contract from Pentagon. The deal is valid for ten years. It is a beginning for the company to become a proprietary source for defense contracts. Microsoft is pleased to win this defense contract in fierce competition, outshining Amazon. Its shares rose to […]