Giants such as Facebook and Apple will release quarterly reports after the transaction closes, while focusing on the Fed’s latest interest rate decision. Despite revenue growth, Spotify still plummeted.
This is what the U.S. Index looks like on Wednesday
The quarterly reports of giants such as Deutsche Bank, Spotify and Boeing were released on the same day.
The latter lost money for the sixth consecutive quarter and lost approximately NOK 4.7 billion in the first quarter of this year.
The stock fell 2.73%.
Power giant Spotify report On Wednesday, news about more users, better results and higher revenue in the first quarter of 2021, while on the other hand, user growth was lower than expected. In February of this year, Spotify estimated that this year’s users were 407-427 million, but now this number has dropped to 402-422 million.
Now, the share has dropped sharply by 8.87%.
Deutsche Bank reported a profit of US$1.1 billion in the first quarter, which was the company’s strongest performance in seven years. According to CNBC.
The market share increased by 10.58%.
After the close tonight, the quarterly reports of Apple and Facebook giants are ready.
Yesterday, the giants Alphabet and Microsoft were able to point out that the total profit in the first quarter was 800 billion Norwegian kroner.
The technology giant’s performance in the first quarter exceeded analysts’ expectations.
In a quarterly report, Google’s CFO Alphabet’s Ruth Porat pointed out that online consumer activity has increased and advertising revenue has broadly grown.
-We are very satisfied with the development momentum of Google Cloud, the company’s fourth quarter revenue was 4 billion US dollars.