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Tag Archives: earnings

U.S. equities post weekly gains amid earnings, economic data

New York, U.S. | Xinhua | U.S. stocks advanced for the week as Wall Street assessed a batch of earnings reports and economic data. For the week ending Friday, the Dow gained 0.4 percent, the S&P 500 rose 1.3 percent and the tech-heavy Nasdaq Composite advanced 2.7 percent. For October, the …

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MTN gains 16 million clients despite scandals

Johannesburg, South Africa | AFP | South African telecommunications giant MTN on Thursday said its subscriber base grew by 16 million customers last year to 233 million, good news for the embattled mobile operator. MTN faces regulatory issues in some of the countries it operates in, including the largest, Nigeria. A …

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Uber loss tops $1 bn as it seeks to diversify

San Francisco, United States | AFP | Ride-share company Uber on Wednesday said that its net loss topped a billion dollars in the recently ended quarter as it pumped money into bikes, scooters, freight and food delivery. While a private company, Uber has taken to sharing quarterly earnings figures as …

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Spotify earnings hit sour note on Wall Street

New York, United States | AFP | Spotify shares took a hit Thursday after a disappointing growth outlook offset the first-ever quarterly profit posted by the streaming music sector leader. Shares in the Swedish-based music group slid 5.7 percent to close at $141.16 after the company’s third quarter earnings report. …

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Facebook shares roller coaster as it rides change

San Francisco, United States | AFP | Facebook announced plans Tuesday to adapt to users sharing more privately as the leading social network pours money into an ongoing battle with “bad actors” out to misuse its service. Silicon Valley-based Facebook reported that its quarterly profit climbed in the recently ended …

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