Market News

Market News

JD.com Unveils Guidance as Second-Quarter Sales, Earnings Smash Expectations

JD.com Unveils Guidance as Second-Quarter Sales, Earnings Smash Expectations

Chinese e-commerce major JD.com (JD) unveiled fresh guidance on Tuesday as it posted better-than-expected results for its fiscal second-quarter which were supported by double-digit growth in net product and net service revenues. The Beijing-based company, which has more than 179,000 full-time employees, reported revenue of 150.3 billion renminbi ($21.27 billion) […]

by × August 13, 2019 × 0 comments

Market News

Tech Stocks Adding to Market-Leading Advance

Tech Stocks Adding to Market-Leading Advance

Technology stocks extended their market-leading advance Monday afternoon, with the shares of tech stocks in the S&P 500 adding almost 1.2% in value while the Philadelphia Semiconductor Index was rising nearly 2.0%. Among technology stocks moving on news: (+) Facebook (FB) climbed 2% on Monday following reports the Federal Trade […]

by × July 22, 2019 × 0 comments

Market News

Interactive Brokers Second Quarter Results Miss Guidance

Interactive Brokers Second Quarter Results Miss Guidance

Interactive Brokers Group (IBKR), an automated electronic broker, said late on Tuesday that second-quarter results missed the market’s forecasts as a decline in commissions revenue partially offset growth in net interest income. Total net sales fell to $413 million during the three months that ended June 30, from $445 million […]

by × July 17, 2019 × 0 comments