Square (SQ) Reports Mixed Results as It Boosts Bitcoin Holdings

Payments company Square, Inc. (SQ) beat analysts’ earnings estimates yesterday for its fourth quarter performance and boosted its Bitcoin (BTCUSD) holdings, but its stock fell anyway on a revenue miss. The San Francisco-based company reported revenues of $3.16 billion, up from $1.31 billion a year earlier, on adjusted earnings per share (EPS) of 32 cents.… Continue reading Square (SQ) Reports Mixed Results as It Boosts Bitcoin Holdings

Square (SQ) Reports Mixed Results as It Boosts Bitcoin Holdings

Payments company Square, Inc. (SQ) beat analysts’ earnings estimates yesterday for its fourth quarter performance and boosted its Bitcoin (BTCUSD) holdings, but its stock fell anyway on a revenue miss. The San Francisco-based company reported revenues of $3.16 billion, up from $1.31 billion a year earlier, on adjusted earnings per share (EPS) of 32 cents.… Continue reading Square (SQ) Reports Mixed Results as It Boosts Bitcoin Holdings

Vodafone keeps dividend as pandemic hits roaming, but boosts data

LONDON (Reuters) – Vodafone (VOD.L) kept its dividend on Tuesday, bucking a corporate trend to cut or scrap payouts due to the coronavirus crisis, as the world’s second-biggest mobile operator met expectations with a 2.6% rise in full-year core earnings. The British company said a drop in international travel due to the virus pandemic had… Continue reading Vodafone keeps dividend as pandemic hits roaming, but boosts data

Telecom Italia pushes back core profit target, says virus impact hard to gauge

MILAN (Reuters) – Italy’s biggest phone group, Telecom Italia (TIM) (TLIT.MI), said on Tuesday it was postponing its target to return to core profit growth this year after anticipating lower service revenue dogged by underperforming domestic business. But it cautioned the impact of the coronavirus outbreak on Italian and global growth and the possible knock-on… Continue reading Telecom Italia pushes back core profit target, says virus impact hard to gauge

U.S. stores, online sales boost Ahold's quarterly profit

AMSTERDAM (Reuters) – Food retailer Ahold Delhaize (AD.AS) met forecasts with a 3% rise in fourth-quarter core earnings on Wednesday helped by its Food Lion and Hannaford U.S. grocery chains and strong online sales. Ahold, which generates two-thirds of its sales in the United States, forecast 2020 margins “broadly in line” with last year and… Continue reading U.S. stores, online sales boost Ahold's quarterly profit

Australia's Macquarie sticks to 'slightly lower' 2020 profit guidance

SYDNEY (Reuters) – Australian financial conglomerate Macquarie Group (MQG.AX) disappointed some analysts and investors on Tuesday by sticking to guidance that it expected a profit decline in full-year 2020 due to lower investment banking gains. In a limited third-quarter trading update, it pointed to higher fee income from its asset management and lending businesses, but… Continue reading Australia's Macquarie sticks to 'slightly lower' 2020 profit guidance

Mediobanca profits up on consumer business, wealth management

MILAN (Reuters) – Mediobanca (MDBI.MI) on Thursday reported stronger than expected net profit in the first half of its 2019-20 fiscal year as wealth management fees boosted revenues and margins in the Italian bank’s consumer business proved resilient. In November, Mediobanca rejected calls from new top shareholder Leonardo Del Vecchio for the bank to return… Continue reading Mediobanca profits up on consumer business, wealth management

Canadian airlines plan for grounded Boeing jet to fly again, travelers still leery

(Reuters) – Canadian airlines are making preparations for the day when Boeing’s (BA.N) grounded 737 MAX jet can fly again, but one executive said work must be done to regain travelers’ trust in the U.S.-made narrowbody involved in two deadly crashes. WestJet Airlines (WJA.TO) Chief Executive Officer Ed Sims told Reuters on Tuesday that over… Continue reading Canadian airlines plan for grounded Boeing jet to fly again, travelers still leery

Salesforce revenue forecast beats estimates, shares rise 7%

(Reuters) – Salesforce.com Inc (CRM.N) forecast third-quarter revenue above Wall Street estimates on Thursday, encouraged by more companies opting for its cloud-based services, sending its shares up 7% in extended trading. The company said it expects revenue of $4.44 billion to $4.45 billion for the current quarter, topping analysts’ expectations of $4.25 billion, according to… Continue reading Salesforce revenue forecast beats estimates, shares rise 7%

Intel shares drop, three-year outlook seen lagging rivals

SAN FRANCISCO (Reuters) – Intel Corp shares declined 2.5 percent on Wednesday after executives forecast modest profit growth over the next three years, signaling it is likely to lag big rivals as the once-dominant chipmaker catches up in technology. Intel once dominated the most important chip market with more than 90 percent share for the… Continue reading Intel shares drop, three-year outlook seen lagging rivals

Thomson Reuters profit tops Wall Street forecasts

NEW YORK (Reuters) – Thomson Reuters Corp on Wednesday reported stronger-than-expected quarterly profit, boosted by strong demand for information it sells to legal professionals, and reaffirmed its forecast for the rest of this year and 2020. The news and information provider and parent of Reuters News reported earnings excluding special items of 36 cents per… Continue reading Thomson Reuters profit tops Wall Street forecasts