Airbnb reported Q1 results that beat analysts’ estimates on both the top and bottom lines. Revenue increased 18% to $2.14 billion from $1.82 billion a year earlier, with Airbnb citing “robust demand for travel” ahead of the peak summer season. The company reported a net income of $264 million, or …
Read More »How Has Wall Street React to Netflix earnings?
Wall Street is somehow divided regarding Netflix’s first-quarter earnings. After the release of their first-quarter earnings report, Netflix’s stock price is declining. This is mostly because of two things: first, the firm decided not to reveal subscriber numbers in future earnings reports beginning next year; second, the second quarter’s outlook …
Read More »Market Drivers – US Session, July 21
The US Dollar experienced a strong rebound from a sharp decline in the previous week, supported by strong economic data. The DXY rebounded from under 100.00 to 101.00, but the outlook remains negative, and the positive results could be seen as a corrective movement.The Pound underperformed during the week, following …
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