Category: beats

Nintendo Beats Pandemic Gloom With Insane 428% Q1 Profit
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Nintendo Beats Pandemic Gloom With Insane 428% Q1 Profit

Gaming giant Nintendo today released earnings results for the three months ending on June 30, 2020. Net profit increased by 541.3%, while operating profit jumped by 427.7%. Nintendo attributes the bumper quarter to strong demand for the Switch console and high software sales prompted by more people turning to gaming during government-imposed periods of lockdown.…

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Sony PS5 Reveal Beats Xbox Series X Without Trying
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Sony PS5 Reveal Beats Xbox Series X Without Trying

The PS5 reveal video gets more views than the Xbox Series X trailer, despite the PS5 stream being criticized as “boring.” The PS5 video has 13.5 million views compared to the 10.6 million views on the Xbox Series X reveal. This suggests that Sony may not have to try very hard to make the PS5…

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Dow Beats the Holiday Blues After Christmas Sales Smash Records
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Dow Beats the Holiday Blues After Christmas Sales Smash Records

The Dow recorded its fourth straight session gain. Last-minute Christmas shopping helped US retail sales set a single-day sales record. That bodes well for January’s economic data dump. The Dow Jones Industrial Average rose for a fourth consecutive day on Tuesday, as last-minute Christmas shoppers primed the US economy for a strong batch of retail…

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Apple beats on Q4 earnings after strong quarter for wearables, services
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Apple beats on Q4 earnings after strong quarter for wearables, services

Apple’s iPhone sales still make up over half of its quarterly revenues, but they are slowly shrinking in importance as other divisions in the company pick up speed. Apple’s stock remained largely unchanged after-hours following the release of its Q4 earnings. The company delivered earnings per share of $3.03 versus the street’s estimate of $2.84…

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Baidu beats estimates on strong video streaming growth
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Baidu beats estimates on strong video streaming growth

Chinese search giant Baidu on Monday posted a revenue of 26.33 billion yuan ($3.73 billion) for the quarter that ended in June, beating analysts’ estimates of 25.77 billion yuan ($3.65 billion) as its video streaming service iQIYI continues to see strong growth. The 19-year-old firm’s shares were up over 9% in extended trading. The company, which…

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Gold Beats the S&P 500 YTD but Risks Abound for the Safe-Haven Asset
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Gold Beats the S&P 500 YTD but Risks Abound for the Safe-Haven Asset

Gold has outperformed the S&P 500 year-to-date as equity markets have been rocked by President Trump’s trade war, but risks may be rising for the precious metal. | Source: ShutterstockAs volatility ravages the stock market, it is no surprise that demand for safe-haven assets is soaring. The controversial godfather of defensive assets, gold, has outperformed…

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Twitter Q2 beats on sales of $841M, posts big EPS of $1.43 due to one-off tax benefit, mDAUs up to 139M
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Twitter Q2 beats on sales of $841M, posts big EPS of $1.43 due to one-off tax benefit, mDAUs up to 139M

Two days after Facebook reporting growing numbers (even amid its regulatory turmoil), its social media counterpart Twitter today announced its Q2 results. The company made $841 million in overall revenues, up 18% on a year ago; with EPS and net income respectively at $1.43 and $1.1 billion, a huge bump due to a “significant income tax benefit”…

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