Shares of Visa Inc. were up more than 1% in after-hours trading Wednesday after its latest earnings showed some recovery in spending amid the pandemic. The payments company posted fiscal second-quarter net income of $3.0 billion, or $1.38 a share, …
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Pinterest Inc. on Tuesday reported 78% year-over-year revenue growth for the first quarter, but its user growth fell short of analysts’ expectations as COVID-19 pandemic restrictions eased. The online-pinboard company said its global monthly active users rose …
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(Reuters) -Microsoft Corp on Tuesday met analysts’ quarterly sales expectations and beat profit estimates, but its shares fell slightly reflecting some skepticism about one-off benefits included in the results and high hopes after a year-long rally. FILE PHOTO: A …
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“Strange that they aren’t taking more action on some of the SPACs (special purpose acquisition companies),” he added. Reuters reported earlier on Tuesday that the SEC is considering new guidance to …
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The 85 SPAC IPOs in 2019, 2020, and the beginning of 2021 were largely tech, electric vehicle, healthcare, and industrial companies, 69 of which had negative free cash flow or negative net income.
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