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Snap surprises with Q3 profit, huge revenue beat

Snap released its third quarter earnings report after hours on Tuesday, topping expectations on revenue and surprising investors with an adjusted profit. The company saw its daily active users near 250 million and a boost in digital ad spending. Yahoo Finance’s Ines Ferre breaks down the company’s earnings report on The Final Round. …read more […]

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Pioneer to Buy Parsley for $4.5 Billion in Latest Shale Deal

(Bloomberg) — Pioneer Natural Resources Co. agreed to buy Permian Basin peer Parsley Energy Inc. for $4.5 billion in stock, the latest in a flurry of mergers that’s quickly reshaping the beleaguered U.S. shale oil industry.Pioneer said Tuesday in a statement the transaction represents a 7.9% deal premium for Parsley holders based on closing prices from a day earlier, just before talks between the companies were first reported. The deal will lead to $325 million of cost cuts and add to earnings in its first year, the Irving, Texas-based company said.The sector is in full-on merger mode with more than …read more […]

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Texas Instruments forecasts current-quarter revenue above estimates

TI, which supplies chips for everything from smart phones to automobiles, often reports quarterly results before its peers. The Dallas, Texas-based company said sales benefited from a notable rebound in automotive demand, as well as strong sales for chips used in personal electronics. TI shares were up 2% in extended trading. …read more […]

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Snap beats user growth and revenue estimates, shares jump 18%

Revenue, which Snap earns mainly from selling ads on the app, jumped 52% to $679 million, widely beating analysts’ consensus estimate of $555.9 million. It opened an opportunity for Snap as companies reviewed their ad spending, and helped contribute to revenue growth, said Jeremi Gorman, Snap’s chief business officer, in prepared remarks for an earnings call with analysts. Snap said current-quarter revenue could grow between 47% to 50% over the year-ago period, but cautioned that it was unclear how the pandemic would affect year-end holiday advertising. …read more […]

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Netflix Misses Subscriber Forecast in Q3, Stock Falls

Netflix’s growth in the third quarter cooled considerably after its massive COVID-fueled bump in the first half of 2020. The company netted 2.2 million subscribers in the third quarter of 2020 — below Wall Street’s expectations and under the Netflix’s own previous forecast. The streaming giant also posted net earnings below analyst consensus estimates. Shares […] …read more […]

Newsmakers

CloudMD (OTC: DOCRF) Further Supports Expansion and Growth with Appointment of Global Head, Corporate Development and New Chief Financial Officer

trengthens management team and provides financial foundation to execute on global expansion plans through M&A VANCOUVER, British Columbia, Oct. 19, 2020  — CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” […]

Newsmakers

Empower Clinics (OTC: EPWCF) and Loop Insights Combine COVID-19 Testing Expertise With Venue Tracing To Create First Ever “Travel Bubble” Solution For Global Travel Industry Set To Lose $3.3 Trillion

The Company advises that discussions are already underway with major airlines , cruise ship companies and hotel operators VANCOUVER, BC / ACCESSWIRE / October 19, 2020 / Empower Clinics (CSE:CBDT) (OTC PINK:EPWCF) (FRA:8EC) (the “Company” or […]

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Investing Quotes to Live By

I’ve always been fascinated by how a good quote can summarize a lifetime’s worth of wisdom in a few words.
I’ve been actively collecting quotes on investing for well over a decade.
And I reference my favorite ones regularly.
I find that an insightful quote helps me get my head above the daily fray of the financial markets.
So I’ve assembled some of my favorite investing quotes below.
Read them carefully…
And reflect on the lesson that each quote contains.
Because a lesson from a single quote can help you make – or save – millions of dollars over your investing lifetime.
On Investing
“There are an infinite number …read more […]

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Pelosi Says Stimulus Bill Being Drafted While Some Issues Remain

(Bloomberg) — House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin Tuesday.Pelosi said in a Bloomberg Television interview that while there are areas where more work is required to get a compromise, she was pleased with the Trump administration’s latest position on coronavirus testing and tracing. The two sides are also “in range” on other health care provisions, she said.In her communication with Democratic colleagues in recent days, Pelosi has emphasized many areas where differences remain. Her optimistic comments in the interview …read more […]

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Berkshire Hathaway to pay $4.14 million to settle Iran sanctions violations claims

Warren Buffett’s Berkshire Hathaway Inc agreed to pay $4.14 million to settle civil allegations that a Turkish subsidiary committed “egregious” violations of U.S. sanctions against Iran, the U.S. Treasury Department said on Tuesday. The department’s Office of Foreign Assets Control said Iscar Turkey sold 144 shipments of cutting tools and related inserts worth $383,443 to two Turkish distributors from December 2012 to January 2016, knowing they would be shipped to a distributor in Iran for resale, including to Iran’s government. OFAC said the sales occurred under the direction of some senior managers, after Iscar Turkey’s general manager …read more […]