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Zoom Shares Surge 15% on Q1 Earnings Beat and Raise By Davit Kirakosyan Zoom (NASDAQ:) shares were trading around 15% higher after-hours following the company’s , with EPS of $1.03 coming in above the Street estimate of $0.87. Revenue increased 12% year-over-year to $1.07 billion, in line with the Street estimate. The company has approximately…
By Jonathan Stempel NEW YORK (Reuters) – Justin Chimienti thought the Big Mac he bought at McDonald’s and the Bourbon Bacon Cheeseburger he bought at Wendy’s (NASDAQ:) would be as big and juicy as advertised. He says they were not, and now he is suing the fast-food chains. Chimienti sued McDonald’s Corp (NYSE:) and Wendy’s…
WASHINGTON (Financial Eye) – White House COVID-19 response coordinator Dr. Ashish Jha said on Sunday he expects a U.S. Food and Drug Administration decision on authorizing Moderna (NASDAQ:)’s vaccine for children under age five within the next few weeks. “Moderna has completed its application. Those data are being looked at very closely right now by…
© Financial Eye. A section of skin tissue, harvested from a lesion on the skin of a monkey, that had been infected with monkeypox virus, is seen at 50X magnification on day four of rash development in 1968. CDC/Handout via REUTERS By Jennifer Rigby and Natalie Grover LONDON (Financial Eye) -The World Health Organization was…
By Bernadette Christina and Fransiska Nangoy (Reuters) – Indonesia, the world’s biggest palm oil exporter, has since April 28 halted shipments of the edible oil in a bid to flood the domestic market with supplies to control the soaring prices of cooking oil. Despite these tough policies that have rattled edible oil markets and cost…
© Financial Eye. Williams-Sonoma Shares Up 6% on Q1 Beat, 2022 Outlook In Line With Long-Term Estimates Williams-Sonoma (NYSE:) shares were trading around 6% higher after-hours following the company’s reported Q1 results, with EPS of $3.50 coming in better than the consensus estimate of $2.88. Revenue was $1.89 billion, compared to the consensus estimate of…
© Reuters. The logo for Woodside Petroleum, Australia’s top independent oil and gas company, is projected onto a screen at a briefing for investors in Sydney, Australia, May 23, 2018. REUTERS/David Gray/Files MELBOURNE (Reuters) – Woodside (OTC:) Petroleum does not expect heavy selling of the company’s shares by BHP Group (NYSE:) investors if Woodside’s acquisition…
By Sonali Paul BRISBANE (Reuters) -Shareholders in Woodside (OTC:) Petroleum approved on Thursday a merger with BHP Group (NYSE:)’s petroleum arm to create a top 10 global independent oil and gas producer worth $40 billion, according to proxy votes shown at the company’s annual meeting. More than 97% of proxy and direct votes received were…
By Doyinsola Oladipo (Financial Eye) – A small group of Activision Blizzard (NASDAQ:) workers voted for unionizing at a studio that works on the popular “Call of Duty” franchise, the second victory in a push to organize the video gaming industry. Employees in the quality assurance department at Raven (NASDAQ:) Software in Middleton, Wisconsin, voted…
© Financial Eye. A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly By Amruta Khandekar and Devik Jain (Financial Eye) -U.S. stock indexes were set for a higher open on Friday, with banks and megacap growth shares rising on…