PNC Financial Services Group’s (NYSE: PNC) revenue in the second quarter declined 3% and missed the Street’s estimates. The banking firm reported earnings of $8.40 per share, reflecting the gain from the sale of the equity investment in BlackRock. PNC stock was up about 2% in the pre-market trading session.
“While our pre-provision results for the second quarter were good in the context of a lower rate environment and business headwinds, the uncertainty in the economy related to the pandemic resulted in a substantial loan loss reserve build,” said CEO Bill Demchak.
Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also
The demand for services that involve minimal human interaction is on the rise as people continue to practice social distancing. Fastenal Co. (NASDAQ: FAST), a market-leading supplier of vending machines,
HEXO Corp. (NYSE: HEXO) reported its third-quarter 2021 earnings results today. Net revenue rose 2% year-over-year to CAD22.6 million. Net loss narrowed to CAD20.7 million from a loss of CAD19.5