Finance Central

Finance Central

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Activision Blizzard Forward Guidance Lags Forecasts After Posting Market-Beating Second-Quarter Results

Activision Blizzard, Inc (ATVI), a video game and film holding company, reported second-quarter results that beat its own and the market’s forecasts as lower total costs helped mitigate the impact of a decline in sales, but its guidance for the full-year failed to meet analysts’ expectations. Sales at the Santa […]

by × August 9, 2019 × 0 comments

Finance Central

Ericsson Second-Quarter Earnings Lag Forecast

Ericsson Second-Quarter Earnings Lag Forecast

Ericsson (ERIC, ERIBR.HE), a mobile network gear maker, said early on Wednesday that sales jumped because of “strong momentum” in its 5G business but a move back into the black missed the market’s earnings forecast for the second quarter. Sales rose to 54.80 billion Swedish kroner ($5.85 billion) from 49.8 […]

by × July 17, 2019 × 0 comments

Finance Central

Credit Suisse to Sell InvestLab

Credit Suisse to Sell InvestLab

Swiss banking giant Credit Suisse (CS) said early on Tuesday that it has signed an agreement Spain’s Allfunds Group that will create a global fund distribution platform with combined assets under administration of more than 570 billion Swiss francs ($585 billion). As part of the deal, the duo has agreed […]

by × June 25, 2019 × 0 comments

Finance Central

Gold Touches Six-Year High

Gold Touches Six-Year High

Gold prices touched a six-year high in the early hours of the morning on Friday as the Federal Reserve’s signal that it is ready to “sustain” the economic expansion pushed US 10-year bond yields below the psychologically important 2% mark. Spot gold (XAU) traded at $1,411.36 per ounce late on […]

by × June 21, 2019 × 0 comments