Finance

Investors are loving Take-Two Interactive’s latest financial results. The shares of the game publisher are up 12 percent in Friday’s premarket session, a day after it reported June quarter non-GAAP earnings per share of 12 cents versus the Wall Street consensus of 7 cents. Take-Two also posted adjusted revenue of $288 million for the quarter
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Payment company Square reported second-quarter earnings that beat analysts’ expectations on Wednesday. Here’s how the company did compared with Thomson Reuters consensus estimates: EPS: 13 cents per share vs. 11 cents expected. Revenue: $385 million vs. $367.6 million expected. Shares of the company rose 1 percent in after-hours trading. Adjusted revenue grew 60 percent year
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Cryptocurrency-focused merchant bank Galaxy Digital will start trading on a Canadian stock exchange on Wednesday despite cooling investor interest and falling prices this year. Former Goldman Sachs macro trader Michael Novogratz launched the company in November, a month before bitcoin hit its all-time high near $20,000. The firm took a $134 million hit in the
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Investors may want to consider unloading bonds in favor of crude oil. According to Bank of America-Merrill Lynch’s Paul Ciana, there are two particular charts that point to an oil breakout that could garner solid returns over the next 6 to 12 months. The firm’s chief global technical strategist’s first chart compares commodity prices to
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Actively managed funds are stumbling again this year. J.P. Morgan shared the latest performance data with its clients, revealing only 41 percent of active fund managers are beating their benchmark year to date versus 52 percent last year in the same time period. “Active equity managers are facing a challenging year … with performance highly
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The cultural shift includes more transparency on financial targets. Analysts have voiced frustration with the lack of information Goldman offers on its various businesses. Under Solomon, the bank is considering hosting its first-ever Investor Day next year, according to people with knowledge of the plans. At similar events held by competitors, firms typically disclose multiyear
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But such data doesn’t account for transactions made through overseas units linked to Chinese companies. “Because China uses subsidiaries for purchases which do not consolidate in the parent company, the actual amount of purchases looks lower when using more common statistics,” Herrero told CNBC. These “hidden” deals, however, are tracked in AEI’s data as the
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Check out the companies making headlines after the bell: Shares of Facebook plummeted more than 20 percent in after-hours trading. The social media giant reported mixed second-quarter results on Wednesday. It beat on earnings, posting $1.74 per share versus the $1.72 that was expected. But Facebook missed on revenue, generating $13.23 billion versus $13.36 billion
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