AstraZeneca Shares Slide After Weak Covid Vaccine Results
Commenting on AstraZeneca’s Covid vaccine results and today’s trading, Gorilla Trades strategist Ken Berman said:Q3 2020 hedge fund letters, conferences and moreAstraZeneca Shares Fall After Annoucing Weak Results Of Its Covid VaccineThe major indices are mixed and flat at midday despite a positive start to the session on Wall Street. The Nasdaq’s relative weakness has been weighing on the broader market in early trading, following yet another promising vaccine-related announcement, this time from AstraZeneca (AZN, -3.2%). While the shares of AstraZeneca declined due to the relatively weak res...
Margin worries overshadow JD Q3 revenue growth
Shares in JD.com fell 7.4% in US trading on Monday, reflecting concerns that its profit margin is likely to shrink in the fourth quarter, even though earnings for the e-commerce platform exceeded expectations for the third quarter.Details: JD.com reported net revenue of RMB 174.2 billion ($25.7 billion) in the third quarter of this year, a 29.2% year-on-year increase. This was on par with 28.7% year-on-year growth for the same period of 2019. Q3revenue was also close to the $25.76 billion analyst average forecast compiled by Yahoo Finance.The company’s diluted non-GAAP earnings for the quarter...
Thai Airways Q3 loss nosedives
Thai Airways Q3 loss nosedives Shares suspended over no auditor commentThai Airways International has posted a huge loss for the third quarter, its deficit up more than four-fold on last year, after the coronavirus pandemic shut down global tourism.Acting president Chansin Treenuchagron said on Thursday the carrier’s net loss in the third quarter ending September was 21.53 billion baht, leapfrogging from 4.68 billion baht for the same period last year.Its load factor, a key indicator of the utilisation of airline fleets, dived to 35% from 80% a year ago, and the number of passengers was down 9...
The Bangkok Post
Netflix Raises Prices for U.S. Subscribers; Shares Jump
Investing.com -By Yasin EbrahimInvesting.com - Netflix jumped late-Thursday after the company said it would be increasing prices for its U.S. subscribers.Netflix Inc (NASDAQ:NFLX) stock was up 5%.The company said it would increase its standard plan by $1, to $14 a month and its premium plan by $2, to $18 a month. The move comes after the streaming giant recently reported quarterly results that missed expectations following weaker than expected user additions.The company most recently upped its price plans in Canada.Investing.com offers an extensive set of professional tools for the financial m...
AIG to Spin Off Life&amp;Retirement, Names New CEO; Shares Jump
Investing.com -By Yasin EbrahimInvesting.com - AIG soared in after-hours trade Monday after the insurance company detailed plans to separate its life&retirement business to streamline. The company also said current President Peter Zaffino will replace Brian Duperreault as chief executive, starting Mar. 1.American International Group (NYSE:AIG) was up 8% in after-hours trade.In a further corporate shakeup, the company appointed Duperreault as executive chairman and Douglas M. Steenland, currently independent chairman as lead independent director starting March 1, 2021.The move followed a compre...
Tesla Drives in Blowout Q3 Earnings Beat; Shares Jump
Investing.com -By Yasin EbrahimInvesting.com - Tesla (NASDAQ:TSLA) on Wednesday reported third-quarter earnings and revenue that handsomely beat analysts' forecasts following "substantial" growth in vehicle deliveries.Tesla (NASDAQ:TSLA) gained 3% in after-hours trade following the report.Tesla announced earnings per share of 76 cents on revenue of $8.77 billion. Analysts polled by Investing.com anticipated EPS of 55 cents on revenue of $8.26 billion.The growth on the top line was underpinned by "substantial growth in vehicle deliveries as well as growth in other parts of the business," Tesla ...
Shares close on positive Rs. 3.6 b turnover | Daily FT
The All Share Price Index (ASPI) gained 0.44% yesterday to end the week on a positive note, helped by LOLC Holdings, Distilleries and C.T. Holding with turnover crossing Rs. 3.6 billion, NDB Securities said.A similar behaviour was witnessed in the S&P SL20. High-net-worth and institutional investor participation remained subdued for the day whilst mixed interest was observed in Expolanka Holdings, Vallibel Power Erathna, and Kelani Tyres.Retail interest was noted in Tokyo Cement Company voting and non-voting and Piramal Glass. Foreign participation in the market remained at subdued levels, wit...
Daily Financial Times
Montclair Film Festival Virtual Cinema Now Live! Executive Director Shares Tips For A Great Festival
Black Bear, one of the movies you can watch now on Montclair Film Festival’s Virtual Cinema Platform.Lights. Camera. Action! Press Play!The 9th Annual Montclair Film Festival started officially on Friday with the opening of the MFF Virtual Cinema one day early. Tonight is the perfect night to get cozy, order in and celebrate Opening Night by watching a film from MFF’s Virtual Cinema platform.Montclair Film’s Executive Director Tom Hall hopes all of Montclair will come together for the next 10 days, starting tonight and connect, virtually and at MFF’s Carpool Theater screenings.Carpool Theater ...
Shares in S. Korea firm behind boy band BTS debut at double IPO price
The South Korean entertainment company behind the world-famous K-pop boy band BTS made a strong market debut on Thursday, with its shares fetching double its initial public offering price of 135,000 won ($117) apiece at the opening.Big Hit Entertainment Co. was set to raise around 960 billion won from its entry to the Korea Exchange after attracting strong interest from institutional investors. Its market value is expected to reach 4.8 trillion won.The management label saw larger operating profits last year than the three major companies that have dominated South Korea's entertainment industry...
Allscripts Agrees to Sell Its CarePort Health Business for $1.35 Billion
October 15, 2020 (Investorideas.com Newswire) Shares of Allscripts Healthcare Solutions traded 30% higher after the company reported it has agreed to sell its CarePort Health business to WellSky Corp. for $1.35 billion.Allscripts Healthcare Solutions, Inc. (MDRX:NASDAQ) yesterday announced the "execution of a definitive agreement to sell its CarePort Health (CarePort) business to WellSky Corp., a global health and community care technology company." The company noted that WellSky is owned jointly by TPG Capital and Leonard Green & Partners which it said are two of the largest private equity fi...