On Wednesday, Facebook reported its quarterly earnings for the initial three months of the year and surprisingly, Facebook failed to surpass the expectation of the analysts for the very first time since early months of 2013. After the announcement, the shares of the company, based in Menlo Park, California dropped two percent or more during the afterhours trading.
Amgen Inc. Announced First Quarter Earnings that Beat Analysts’ Expectations and Raised Earnings Guidance for the YearSubmitted by Ryan Bilanich on Wed, 04/22/2015 - 11:22
Morgan Stanley posted its first quarter profits that surpassed the analysts' expectations. The firm is moving in line with a number of its peers posting a high profit, as the firm gained from demanding markets and a spell of mergers among various corporate.
In the mid day trading, the shares of Morgan Stanley increased by 1.3% to $37.21.
On Monday, the price of crude oil saw an increase yet again as an extension to the gains achieved last week. The main reason for the price increase is attributed to the fall in the number of U. S. oil drilling rigs. That signals at a lower supply in the later months of this year. The recent monetary stimulus measures in China also underpinned the market.
On Friday, Mylan, the Dutch generic drug making company said that speculation which says that that company may be acquired by Teva Pharmaceutical is just a rumour and it doubts whether the regulators would even approve this kind of a deal. The drug makes said that it decides to remain a stand-alone company.
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- Huawei officially unveils its new high-end Ascend P7 smartphone
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