As the financial landscape evolves, the buy now, pay later (BNPL) industry witnesses a significant milestone, with Affirm Holdings Inc. exemplifying resilience and growth. Following the release of their fiscal second-quarter results, Affirm has captured market attention by showcasing a performance that exceeded expectations. The company’s notable surge of over 15% in share price during
Earnings
As traditional markets grapple with volatility and inflation, Bitcoin has emerged as a new frontier for investors. In this context, MicroStrategy (now rebranded as Strategy), the world’s largest corporate holder of Bitcoin, is making headlines with its aggressive acquisition strategy. Recently, the company announced that it has made significant strides toward its ambitious capital raising
In a significant development within the energy sector, French oil titan TotalEnergies reported a substantial decrease in its earnings for the fiscal year 2024. This decline can be attributed to fluctuating crude prices and a downturn in fuel demand, both of which pose ongoing challenges for the global energy landscape. TotalEnergies’ adjusted net income for
Nintendo recently unveiled its fiscal third quarter results, concluding on December 31, and the figures reveal a troubling narrative for the iconic gaming giant. The company reported a revenue of 432.92 billion Japanese yen ($2.8 billion), falling significantly short of the LSEG estimate of 498.22 billion yen. In addition, the projected net profit of 128.53
In the dynamic world of financial technology, few companies have seen the roller coaster of growth and restructuring quite like GoCardless. The London-based establishment, known for its innovative approach to handling recurring payments, reported a significant reduction in losses for the fiscal year ending June 30, 2024. With a net loss of £35.1 million (approximately
Atlassian witnessed a remarkable 18% increase in its stock value following an impressive fiscal second-quarter performance that eclipsed Wall Street’s forecasts. The Australian software company recorded adjusted earnings of 96 cents per share, far exceeding analysts’ predictions of 76 cents. Additionally, the revenue for this quarter reached $1.29 billion, slightly beating the estimated $1.24 billion.
The recent emergence of DeepSeek, a Chinese artificial intelligence startup, has generated significant buzz among leading figures in the tech industry, including CEOs from Microsoft, Apple, Meta, and Palantir. With its innovative AI model quickly ascending to prominence, DeepSeek has not only captivated the attention of global tech leaders but has also ignited discussions about
In a much-watched financial disclosure, Novartis, a titan in the pharmaceutical industry, revealed sales figures for the fourth quarter that exceeded analyst expectations, although the full-year projections fell short. The company reported a remarkable 16% increase in net sales on a constant currency basis, totaling $13.2 billion—this figure surpassed the anticipated $12.795 billion noted in
On Thursday, shares of H&M experienced a significant decline of over 5% after the Swedish clothing retailer reported lower-than-expected sales figures for the fourth quarter. Such a drop in stock price reflects concerns among investors about the company’s performance in a highly competitive retail environment. H&M’s sales for the final quarter reached 62.19 billion Swedish
Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, reported substantial annual profits largely attributed to a skyrocketing technology sector. The fund’s full-year earnings for 2024 reached an impressive 2.5 trillion kroner (approximately $222.4 billion), as per the latest earnings report from Norges Bank Investment Management (NBIM). At the close of 2024, the