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DoorDash Up 19% on Wolt Acquisition and Q3 Revenue Beat

DoorDash (DASH) shares jumped 19% during the pre-market session on November 10, after the online food ordering and delivery platform announced its plans to acquire food delivery platform Wolt. This development coincided with the company’s third-quarter results. Doordash to Acquire Wolt for €7B Doordash revealed its plans to acquire Wolt in an attempt to expand […]

The trouble with overestimating your investing risk tolerance

New investors—especially if they’re young—may be especially prone to this mistake, but it’s not all their fault. The conventional advice is that young people should be aggressive. After all, they have time on their side. It’s very unusualfor stocks to deliver a negative return over any 10-year period, so if your time horizon is 50 […]

Pfizer & Biohaven Join Hands for Commercialization of Rimegepant

Pharmaceutical industry company Pfizer Inc. (PFE) announced that it has inked a strategic partnership deal with commercial-stage biopharmaceutical company Biohaven Pharmaceutical Holding (BHVN) for the commercialization of rimegepant outside the U.S. after obtaining regulatory approvals. Rimegepant, which is designed for the acute treatment of migraine attacks with or without aura and the preventive treatment of episodic migraine in adults, is commercialized […]

fuboTV Falls 7% Despite Solid Q3 Results

Sports-focused live TV streaming service operator fuboTV Inc. (FUBO) has delivered solid third-quarter results, registering strong performance across various key financial and operational metrics. The company also announced that it had crossed 1 million subscribers since the closing of the third quarter. Despite posting better-than-expected third-quarter results and updating its FY21 guidance, shares declined 7.1% […]

Match Losing Website Traffic, Should Investors Swipe Left?

Should investors swipe left on dating services provider Match Group, Inc. (MTCH)? The video-call enabled services that were launched last year were a boon for the company, boosting user engagement and attracting new users despite the pandemic’s impacts across other industries. However, Match Group, whose dating services portfolio includes Tinder, Hinge, Meetic, Pairs, OkCupid, and […]

ChemoCentryx Q3 Results Surpass Expectations; Street Says Buy

ChemoCentryx, Inc. (CCXI), a biopharmaceutical company specializing in developing new medications for inflammatory and autoimmune diseases and cancer, has reported stronger-than-expected results for the third quarter ended September 30, 2021. Following the earnings, shares of the company appreciated 2.1% to close at $38.81 in the extended trading session on Tuesday. Revenue & Earnings Revenues during […]

Sierra Wireless Beats Expectations in Q3

Sierra Wireless (SW) reported a better-than-expected third quarter, despite posting a lower revenue and a wider loss compared to a year ago. Sierra Wireless provides IoT solutions that combine devices, network services, and software to unleash value in the connected economy.(See Insiders’ Hot Stocks on TipRanks) Revenue & Earnings Total revenue came in at $82.5 million for […]

Aurora Cannabis Q1 Revenue Falls 11%

Aurora Cannabis (ACB) total revenue declined in the first quarter of 2022 due to lower recreational cannabis sales. Aurora Cannabis is one of the world’s largest cannabis companies, serving both the recreational and the medicinal cannabis market. Total net revenue for Q1 2022 came in at C$60.1 million, down 11% year-over-year. Aurora’s medical cannabis revenue […]

Scotiabank Increases Mental Health Coverage to C$10K

Scotiabank (BNS) announced Tuesday that it will expand mental health benefits available to all eligible employees and their dependents in Canada. The value of this annual coverage will increase from C$3,000 to C$10,000 on April 1, 2022. Scotiabank will also launch, starting November 17, live workshops on mental health for all people managers in Canada. […]

Nuvei Swings to Profit in Q3, Raises Outlook

Nuvei Corp (NVEI) reported strong third-quarter results. The global payment technology partner also increased guidance for Fiscal Year 2021. Indeed, total volume increased 88%, from $11.5 billion to $21.6 billion. E-commerce accounted for 83% of the total volume. Revenue for Q3 2021 came in at $183.9 million, an increase of 96% from a revenue of […]

Village Farms Q3 Sales: Profit Rises, Shares Pop

Village Farms International (VFF) reported its third-quarter results on November 9 before the opening bell. The company said it has achieved record revenue, margins, and adjusted EBITDA for its Cannabis segment. (See Insiders’ Hot Stocks on TipRanks) Sales & Earnings Total sales came in at $72.4 million for the quarter ended September 30, an increase of 68% […]

TMX Posts Double-Digit Increases in Profit, Revenue

TMX Group LTD (X) missed estimates for the third quarter despite posting double-digit profit and revenue growth. The Canadian financial services company operates the Toronto Stock Exchange (TSX). (See Insiders’ Hot Stocks on TipRanks) Revenue & Earnings Revenue for Q3 2021 came in at C$231.3 million, an increase of 11% from the revenue of C$207.6 million reported […]