Finance Update World News

GoDaddy first-quarter revenue forecast misses estimates

(Reuters) – GoDaddy Inc forecast current-quarter revenue on Wednesday that missed analysts’ estimates, sending its shares down more than 2 percent and overshadowing the web hosting company’s strong fourth-quarter results. For the first quarter, GoDaddy expects total revenue between $705 million and $715 million, while analysts were expecting $716.3 million, according to IBES data from […]

Finance Update

Shaily Engineering Plastics: A disappointing Q3, but don’t overlook its long-term prospects

MoneyControl Report: Shaily Engineering Plastics: A disappointing Q3, but don’t overlook its long-term prospects. Highlights: – After the recent correction, the stock offers value – Traction in the home furnishing segment will be crucial to overall growth – Utilisation rate at the medical packaging facility will have a bearing on the margins – Crude price volatility may impact […]

Finance Update World News

PC maker Lenovo’s Delivers Strong Performance in Q3 profit and beats expectations

Lenovo Delivers Strong Performance with Highest Quarterly Revenue in Four Years and Record Pre-Tax Income. Highest quarterly revenue for four years (since Q3 FY14/15) – US$14 billion, up 8.5% year-on-year (YOY) and 6th consecutive quarter of YOY revenue growth All-time record high PTI of US$350 million – jumped 133% YOY Recorded net income of US$233 […]

Finance Update Uncategorized

Tata Steel Q3 profit jumps 54% YoY to Rs 1,753 crore, misses Street estimates

Q3 Results: Tata Steel’s Profit Surges As Acquisitions Start Paying Off Revenue rose 23.2 percent to Rs.41,220 crore. Operating profit increased 18 percent to Rs.6,723.4 crore. Margin narrowed 70 basis points to 16.3 percent. Economictimes: Tata Steel Q3 profit jumps 54% YoY to Rs.1,753 crore, misses Street estimates Consolidated revenue for December quarter jumped 23 […]

Finance Update Uncategorized

Check out these 4 picks for short term, Nifty could see a pre-election rally towards 11,380-11,500;

MoneyControl: Check out these 4 picks for short term; Nifty could see a pre-election rally towards 11,380-11,500. Nifty could remain in 10,830-11,119 range for a few days and then gradually move forward to scale new highs. In such a case, we could see a pre-election rally towards 11,380 and 11,500. By Manali Bhatia Bulls went […]