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Twitter Results Beat in Q1, But Softer User Growth Weighs; Shares Slump By Investing.com

By Yasin Ebrahim Twitter reported Thursday first-quarter results that beat Wall Street estimates, but user growth just missed consensus estimates taking some shine off the beat.     Twitter (NYSE:TWTR) was down 9% in afterhours trading. The company posted Q1 EPS of $0.16 on revenue of $1.04 billion, beating estimates of $0.14 on revenue of $1.03 billion. Monetizable daily active users increased to 199 million from 166 million year-on-year, just short of consensus estimates of 200 million.  Advertising revenue rose 32% to $899 million.  The growth was driven by "accelerating year-over-year growth in MAP revenue and brand...

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Molson Coors Delights With a Surprise Profit By Investing.com

By Christiana Sciaudone Investing.com --  Well, howdy do, Molson Coors (NYSE:TAP) brought in a surprise profit for the first quarter.  Analysts had expected a loss per share of 8 cents, but got a penny instead. Sales of $1.9 billion were also mildly ahead of expectations of $1.89 billion. Shares are up 4%. This is all despite a drop in sales, and a quarter that saw a system outage caused by a cybersecurity incident; an abnormal winter storm in Texas that forced utility companies to shut off power to the Fort Worth brewery...

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Norwegian Rallies as CDC Sets New Sailing Rules By Investing.com

By Christiana Sciaudone Investing.com -- Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) rose 3% as they prepare to set sail. The Centers for Disease Control is allowing for cruise ships to take on passengers by mid-July as long as 98% of crew members and 95% of guests are fully vaccinated, The Wall Street Journal reported, citing a letter to the industry.  Cruises have been banned for over a year, which has led the industry to plummeting sales and major losses. There's hope that amid vaccinations and record personal savings -- and of course...

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Canada shares lower at close of trade; S&P/TSX Composite down 0.36% By Investing.com

Investing.com – Canada equities were lower at the close on Thursday, as losses in the Healthcare, Clean Technology and Materials sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite declined 0.36%. The biggest gainers of the session on the S&P/TSX Composite were Trillium Therapeutics Inc (TSX:TRIL), which rose 5.89% or 0.62 points to trade at 11.14 at the close. Vermilion Energy Inc . (TSX:VET) added 3.11% or 0.28 points to end at 9.29 and CGI Inc (TSX:GIBa) was up 2.61% or 2.79 points to 109.80 in late trade. Biggest losers...

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EU explores chipmaker alliance as alternative to foreign-funded megafab – sources By Reuters

By Mathieu Rosemain, Michel Rose and Foo Yun Chee PARIS/BRUSSELS (Reuters) - The European Union is considering creating a semiconductor alliance including STMicroelectronics, NXP (NASDAQ:NXPI), Infineon and ASML to cut dependence on foreign chipmakers amid a global supply chain crunch, four EU officials said. The plan, which is at a very preliminary stage, may include a pan-European scheme known as an Important Project of Common European Interest (IPCEI), which allows EU governments to pump in funding under easier state aid rules, and companies to work together on the entire project, the sources said. It...

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WPP goes into open conflict with former CEO Sorrell By Reuters

By Kate Holton LONDON (Reuters) -WPP, the world's biggest advertising company, launched into open conflict with its founder Martin Sorrell on Thursday, refusing to pay share awards and accusing him of leaking client information to the media. In a twist that pits WPP (LON:WPP) against the world's most famous advertising executive, the British firm said a long-term incentive share scheme would lapse after it found the former CEO had leaked confidential details while he was running the firm. The 76-year-old Sorrell, now running fast-growing digital challenger firm S4 Capital, denounced the move, describing it...

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S&P 500, Nasdaq Retreat From Record Highs as Rising Bond Yields Dent Tech By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 and Nasdaq gave up gains after hitting record highs Thursday, as rising U.S. bond yields weighed on tech, but a Facebook-led surge in communications services kept a lid on losses. The S&P 500 was up 0.3%, and hit an intraday record high of 4,218.80, and the Nasdaq Composite was down 0.19%, after rising to record high of 14,211.57. The Dow Jones Industrial Average rose 0.36%, or 120 points. U.S. first-quarter GDP rose 6.4%, better than expectations for a 6.1% rise, but growth is expected to pick up in...

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Britain’s Prince William and Kate mark 10th wedding anniversary with video By Reuters

LONDON (Reuters) - Britain's Prince William and Kate, the Duke and Duchess of Cambridge, celebrated 10 years of marriage on Thursday with a video of the couple and their children enjoying the countryside. William, the Queen's grandson and second in line to the throne, married Kate on April 29 2011 in Westminster Abbey in a ceremony watched by millions around the world. On Thursday they posted a video showing the couple exploring a beach and roasting marshmallows with their children George, 7, Charlotte, 5, and Louis, 3. "Thank you to everyone for the kind messages...

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McDonald’s Returns to Pre-Pandemic Era Sales By Investing.com

By Christiana Sciaudone Investing.com -- Considering McDonald's (NYSE:MCD)'s first quarter earnings came in better than pre-pandemic times, one would think shares would be exploding today. Alas, they are not quite 1% higher. Revenue jumped 7.5% from a year earlier, to $5.12 billion, with the U.S. market leading growth for the burger purveyor. Profit of $1.92 per share beat the forecasted $1.18. We're spending more at MickeyD's, which helped boost results, probably alongside the new chicken sandwich. For the pandemic quarter last year, the maker of crisp french fries saw its worst profit and sales in at...

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.02% By Investing.com

Investing.com – U.K. equities were higher at the close on Thursday, as gains in the Healthcare Equipment & Services, Food & Drug Retailers and Banking sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 gained 0.02%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Standard Chartered PLC (LON:STAN), which rose 5.63% or 27.80 points to trade at 521.60 at the close. Smith & Nephew PLC (LON:SN) added 5.59% or 83.00 points to end at 1568.00 and Unilever PLC (LON:ULVR) was up 3.32%...

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