Tag: Revenue

Palantir Technologies Shares Decline As Loss Surprises Investors

Palantir Technologies reported fourth-quarter earnings results Tuesday, posting a wider-than-expected loss while beating revenue forecasts. Revenue was mainly driven by the government segment which grew 85% year over year, reaching $190 million. Shares declined 6% in premarket trading as investors were shocked to see the loss.

GE Shares Jumps As General Electric Tops Free Cash Flow Estimates

General Electric slightly missed earnings forecasts but posted an exceptional free cash flow of $4.4 billion. GE expects earnings to rise between 15 cents and 25 cents per share in 2021. Shares soared 10% post the news.

IBM Shares Plunge As Revenue Declines For Another Quarter

IBM earnings top Wall Street estimates yet revenue declines for a straight fourth quarter with Red Hat driving most revenues. As the company steers into new segments led by mergers & acquisitions, it expects to focus more on its new strategy after spinning off its legacy managed infrastructure services division.

Goldman Sachs Shatters Investors’ Estimates, Posts Impressive Profit

Goldman Sachs reported fourth-quarter earnings of $12.08 per share, beating analysts’ forecasts of $7.47 per share. Revenue went $1.75 billion above estimates, majorly contributed by investment banking and equity trading.

Citigroup Surpasses Profit Forecasts For Fourth-Quarter, Misses Revenue

Citigroup released fourth-quarter results Friday reporting profit higher than analysts predicted while revenues were below expectations. Shares fell by 4% to $66.11 after the results.

Airbnb IPO: Is It Worth Buying?

Airbnb filed for IPO on November 16 to be traded under the ticker symbol, ABNB. Here is a look at the tech company’s financial performance over the years and if it’s worth investing in amid tighter regulations, increased competition, and the surging coronavirus.