Social media giant Facebook (NASDAQ: FB) reported first-quarter 2020 financial results after the regular trading hours on Wednesday. In Q1, EPS missed street estimates my 3 cents even as revenues came in better-than-expected
DAU grew 11%, while MAU jumped 10% during the quarter.
The company said it expects user engagement to decline slightly once the shelter-in-place order is removed. The company added that Advertising revenues are stabilizing after steep declines in March.
Facebook shares gained over 9% immediately following the announcement. The stock is almost flat in the trailing 12-month period.
Shares of the J.M. Smucker Co. (NYSE: SJM) were up over 4% on Tuesday after the company reported its earnings results for the second quarter of 2024. Profits beat expectations
Electric car maker NIO Inc. (NYSE: NIO) reported a net loss for the third quarter of 2023, despite a sharp increase in revenues. The China-based company also provided its guidance
Ocean Biomedical’s breast cancer research uncovers new tumor suppression pathway for its proprietary antibody
Biopharma company Ocean Biomedical, Inc. (NASDAQ: OCEA) on Tuesday said that new findings, co-authored by the company’s scientific co-founder Jack A. Elias in the peer-reviewed journal Immunity, have revealed the