Marc Dufresne Canada’s big banks reported quarterly results that mostly beat expectations. Mario Mendonca, Managing Director with TD Cowen, speaks with MoneyTalk’s Kim Parlee about the results and the outlook for the lenders going forward. Transcript Kim Parlee – Canada’s big banks have reported their quarterly results with most beating expectations. Here to break down…
Datadog has further given an optimistic outlook for the entire year of 2023 while forecasting Q4 revenue between $564 million and $568 million. On Tuesday, November 7, cloud monitoring software firm Datadog Inc (NASDAQ: DDOG) reported stronger-than-expected results for Q3 2023 following which its stock price shot up by 28%, thereby registering the highest-ever single-day…
IBM’s Software unit delivered $6.27 billion in revenue registering an 8% surge in Q3 2023. The company has given an optimistic outlook for Q4 as well. On Wednesday, October 25, IBM Corp (NYSE: IBM) stock jumped by 1% as the technology firm announced its Q3 2023 results beating Wall Street estimates. IBM’s total revenue experienced…
Thanks to its stellar financial performance in the third quarter, the bank has raised its full-year outlook for 2023. Shares of German banking giant Deutsche Bank (ETR: DBK) surged by a remarkable 7% on Wednesday morning following the company’s stellar Q3 2023 performance that exceeded market expectations. Despite an 8% decline in net profit compared…
According to the earnings report, Microsoft’s commitment to AI-driven solutions yielded remarkable results, with the Azure OpenAI Service witnessing a significant rise in its customer base. Microsoft Corp (NASDAQ: MSFT) performance in the fiscal Q1 2024 surpassed projections, triggering a significant surge of 6% in the company’s stock during the extended trading session on October…
Bank of America, once expected to be a major beneficiary of rising interest rates, has faced unexpected challenges in 2023. In a recent earnings report, Bank of America Corp (NYSE: BAC) showcased its resilience and financial strength, surpassing analysts’ expectations for the third quarter of the year (Q3 2023). Exceeding Earnings Expectations The North Carolina-based…
skynesher Yesterday, NN Group NV released its H1 financial release (OTCPK:NNGPF) (OTCPK:NNGRY). Wall Street positively reacted to the quarterly performance, and NN Group was up by 10%. Here at the lab, we have a good grip on the EU insurance business, and this year, we have already reported twice about the Dutch insurance company. Following…
Robinhood had earlier motioned for the arguments against it to be completely dismissed. The federal appeals court of the United States has yet again dismissed a class-action lawsuit against online brokerage firm Robinhood Markets. This follows after 16 investors alleged that the platform did not allow them to buy 13 “meme stocks” during a January…
Including beating revenue expectations, Amazon revealed in its Q2 2023 report that it set a new record for Prime deliveries. Amazon Inc has published Q2 results for 2023 with figures that beat analysts’ estimates, showing the company is on course to accelerate growth. Amazon reported earnings per share at 65 cents, well over the 35 cents expected…
While inflation in Eurozone shows signs of slowing down, it still remains much higher than the targeted 2%. Economists also pointed out other cracks in the Eurozone economy. For the month of July 2023, the Eurozone has delivered a robust set of GDP numbers beyond market expectations. The new growth numbers show economic activity picking…