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NASDAQ

Warner Music Group Stock Spikes Following Q3 2022 Earnings Report, Including a 24% Jump In Publishing Revenue NASDAQ

Warner Music Group Stock Spikes Following Q3 2022 Earnings Report, Including a 24% Jump In Publishing Revenue

Warner Music Group stock (NASDAQ: WMG) spiked after the company achieved a modest year-over-year (YoY) revenue improvement as well as a 63 percent operating income increase during 2022’s third quarter. The Big Three record label, which is set to welcome a new CEO at 2023’s start, posted its Q3 2022…
bubmag
November 22, 2022
Market Snapshot: U.S. stocks trade lower, led by drop in Nasdaq, as China COVID-19 fears resurface NASDAQ

Market Snapshot: U.S. stocks trade lower, led by drop in Nasdaq, as China COVID-19 fears resurface

U.S. stocks finished lower on Monday for the third time in the past four trading sessions, as a fresh round of COVID-19 shutdowns in China rattled investors. How stocks traded The Dow Jones Industrial Average DJIA, +1.05% closed down by 45.41 points, or 0.1%, at 33,700.28 after toggling between slight…
bubmag
November 21, 2022
Futu Reports 23% Rise in Net Profit despite Lower Trading Volumes NASDAQ

Futu Reports 23% Rise in Net Profit despite Lower Trading Volumes

Futu (Nasdaq:FUTU), an online brokerage providing Chinese investors access to Hong Kong and US stock markets, releases its unaudited third-quarter financial metrics, reporting a revenue increase of 12.4% to HK$1,945.6 million ($247.9 million). The gross profit of the company came in at HK$1,727.5 million ($220.1 million), raising 18% year-over-year (YoY),…
bubmag
November 21, 2022