Amazon Stock Gains On Earnings Beat, Strong Cloud Growth

Amazon (AMZN) on Tuesday reported first-quarter earnings and sales that exceeded expectations, helped by strong growth for its cloud-computing and advertising businesses. Amazon stock gained modestly in following-hours trading, possibly held back by concerns regarding a lighter-than-expected sales forecast for its June quarter. X In a news release Tuesday, Amazon said that it earned 98 … Read more

Tesla (TSLA) earnings Q1 2024

Tesla reported a 9% drop in first-quarter revenue on Tuesday, the biggest decline since 2012, and missed analysts’ estimates, as the electric vehicle company weathers the effect of ongoing price cuts. The stock jumped in extended trading following CEO Elon Musk told investors that production of new affordable EV models might begin sooner than expected. … Read more

Berkshire’s quarterly profit exceeds $10 billion with insurance backing

2023-08-05 13:22:50 Warren Buffett’s Berkshire Hathaway posted an operating profit of $10.04 billion in the second quarter, as the company’s strong performance in the insurance business helped counter inflationary pressures that affected the sprawling group last year. Profit from insurance underwriting increased by 74%, contributing to Berkshire’s profit exceeding its revenues of $9.28 billion in … Read more

Credit cards enhance the profits of “Citigroup” and start suffering borrowers

2023-07-14 19:57:47 “Amid challenging macroeconomic conditions, we have continued to reap the benefits of our diversified business model,” said the bank’s chief executive, Jane Fraser, in a statement. Although trading clients did not participate, credit card activity increased by more than 10% thanks to strong demand. “Citi” monitors the return of life to the private … Read more

Fitaihi Holding reveals the size of its losses in 2022, compared to net profits of more than 149 million in 2021

Al-Marsad newspaper: The Fitaihi Holding Group revealed that it achieved a loss in 2022 of regarding 17.24 million riyals, compared to a net profit of regarding 149.64 million riyals in 2021. Fitaihi Holding attributed the reasons for the loss, in a statement on “Tadawul”, to several factors, which are achieving exceptional capital profits from selling … Read more