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Moderna said that it’s on track to finish enrollment for a phase 3 study of its vaccine by the end of September. The company reported a fivefold increase in its Q2 revenue to $66.4 million.
Disney reported mixed earnings for its Q3 of 2020 while it continues to feel the impact of the coronavirus pandemic on sectors like its parks business. DIS stock is in the green.
Wall Street’s main indices rose on Monday as Microsoft announced its plans to buy TikTok’s U.S. operations and a clutch of upbeat quarterly earnings reports lifted sentiment in the absence of a fiscal coronavirus relief deal.
According to the Q3 earnings report, Apple now has $193.817 billion cash on hand. AAPL stock is up after hours.
Alphabet Q2 results are in, revealing that the company has managed to beat Wall Street expectations and sending the stock up after hours.
Qualcomm reported net income of $845 million on revenue of $4.893 billion in Q3. Those figures dropped precipitously from a year ago when the company reported $2.15 billion of profits on revenue of $9.635 billion. It also announced a long-term patent agreement with Huawei.
PayPal reported its strongest quarterly performance ever in Q2 thanks to the accelerated shift to online and contactless payments during the coronavirus pandemic. PayPal beat Wall Street estimates on all key financial metrics. PYPL stock is 4%.
Visa reported Q3 earnings and revenue that fell sharply as the coronavirus pandemic led to a global recession, plunging consumer spending. V stock is down.
Amgen reported Q2 earnings that beat Wall Street estimates, but AMGN stock fell over 1% in after-hours trading. The company reported non-GAAP earnings per share of $4.25 for the second quarter.
Within the last hour Bitcoin (BTC) price pushed through the $11,000 level in a high volume surge which saw the price reach a new 2020 high at $11,394. At the time of publishing the price has pulled back slightly to the $10,800 range.