Google’s parent company had a poor spell in 2022 but is now back on track. Executives are so pleased with GOOG’s performance that they have agreed to pay shareholders the first quarterly dividend since the company’s public launch at an IPO in 2004. The dividend of $0.20 per share will be paid to shareholders on…
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Revenue was reported at $42.78bn, which exceeded the $40.04bn that had been anticipated. In terms of earnings per share, $0.49 was also better than the estimated figure of $0.42. Net income of $1.3bn has been reported, and adjusted EBIT of $2.8bn. The Ford Pro commercial fleets division provided one of the most impressive returns, with revenue…
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The company’s better-than-expected results were said to be linked to increased credit card spending in the US, where Visa obtains over 40% of its overall global revenue. Adjusted net income for the quarter climbed by 17% to $5.1bn, working out as $2.51 per share. This was $0.07 better than the average analyst prediction. Don’t miss…
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2023 saw Meta’s Reality Labs division lose $16bn, so CEO Mark Zuckerberg announced on Monday that it will be opening up the system so that other tech companies can make hardware using it. His announcement pointed out that Microsoft, ASUS and Lenovo are among the selected early partners that will be working with Meta on…
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This disappointing day followed a weak revenue forecast and confirmation that it will stop reporting subscriber numbers next year. Despite this fall, Netflix is still up 14% so far this year following a strong start to 2024. Expectations for the streaming giant’s Q1 results had been climbing recently, as analysts predicted excellent gains. When the…
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This was confirmed with the news that the company, which runs the world’s biggest crypto exchange, has received a licence to operate as a full virtual-asset services provider (VASP). The licence has been issued by Dubai’s Virtual Assets Regulatory Authority (VARA). The regulatory process goes through four stages in Dubai, with Binance entering the third…
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The first point covered by board chair Robyn Denholm was that they want to move the corporate home of the electric vehicle maker to Texas, where the physical headquarters are based. The other point raised by Denholm is that they want to reinstate the giant $56bn pay package awarded to CEO Elon Musk in 2018…
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The share price dropped by more than 2%, while the overall S&P 500 declined by just 0.2% on the same day. JNJ reported sales of $21.38bn in the first quarter of 2024, which represents a 2% increase on a year-on-year basis. The firm’s net income rose by close to 4%, giving a total of $6.58bn,…
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This followed a turbulent week of trading when the parent company of the Truth Social platform lost over 20% in a single day. While each DJT share was valued at over $66.22 in late March, they have now fallen to nearly $27. Analysts have suggested that the dropping price may be linked to the filing…
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It seems likely to lead to a bitter court dispute. Jane Street Group has accused Millennium Management of using its in-house trading strategy. The roots of this dispute date back to earlier this year, when traders Daniel Spottiswood and Douglas Schadewald moved from Jane Street to Millennium. Both were heavily involved in creating the proprietary…
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