1023 days ago
Recently public gaming company Roblox said daily active users for May was 43 million, down 1% from the 43.3 million. Average bookings per DAU are estimated to be between $5.02 and $5.09 which would be down as much as 3% from a year ago.
1023 days ago
China Evergrande Group is buying back shares in an attempt to keep its stock price afloat. Concerns over the future of the world's most indebted developer has grown in recent week after affiliates missed payments. The stock has plunged about 60% from last year's high, while a key dollar bond is near some of its lowest level since April 2020. The selloff worsened this week after WeNews said in a new report that a local government discussed with Evergrande about paring its stake in Shengjing Bank and the banking watchdog said it would curb a key source of financing for developers to control risk.
1024 days ago
Beyond Meat shares were down 5% yesterday, after having experienced a tougher than expected competition and too slow progresses. The company also reported a net loss of 42 cents a share in the first quarter, twice the loss expected by the consensus. Is this a bad sign for the company or a buy opportunity?
1024 days ago
Latest quarter sales were reported to be up 32%. Boohoo maintained its guidance for full year 2021-2022 revenue growth of about 25%, with core EBITDA margins of 10%.
1024 days ago
Both stocks of the world's top producers of Covid-19 vaccines slid when it was found that the Novavax shot proved to be 90% effective at preventing symptoms. Moderna closed down 5.2%, Pfizer down 1.3% and BioNTech SE dropped 7.5%.
