On Wednesday, in the course of current trade, Shares of Twitter, Inc. (NYSE:TWTR), dropped -4.61%, and is now trading at $40.32, after the social media giant was downgraded to “equal weight” from “overweight” by analysts at Barclays this morning.
The firm also lowered its price target to $44 from $60, and noted that Twitter’s revenue is decelerating faster than predictable. The ratings cut follows the company’s first quarter earnings, together with its weak second quarter revenue outlook.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
During Morning trade, Shares of GoPro, Inc. (NASDAQ:GPRO), gained 9.54%, and is now trading at $51.45.
GoPro, declared a contract to acquire Kolor, a leader in virtual reality and spherical media solutions. All Kolor employees will join GoPro and will maintain operations at their headquarters in Savoie, France.
Spherical media enables a range of immersive viewing experiences and is an essential building block of virtual reality (VR), a technology poised to transform entertainment, education and other industries. Kolor’s solutions enable users to combine multiple photographs or videos to produce high-resolution panoramic or spherical content that can be enjoyed on mobile devices, the web or in a virtual reality environment.
“We are excited to welcome Kolor to GoPro,” said Nicholas Woodman, GoPro’s founder and CEO. “GoPro’s capture devices and Kolor’s software will combine to deliver exciting and highly accessible solutions for capturing, creating and sharing spherical content.”
GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content. The company offers HERO line of capture devices, such as cameras.
Shares of MasterCard Incorporated (NYSE:MA), during its Wednesday’s current trading session gained 1.62%, and is now trading at $91.68, hitting its highest level.
MasterCard, declared financial results for the first quarter of 2015. The company stated net income of $1.0 billion, an enhance of 17% or 24% adjusted for currency, and earnings per diluted share of $0.89, up 22% or 29% adjusted for currency, in each case as compared to the year-ago period. Acquisitions had a $0.02 dilutive impact on earnings per diluted share.
Net revenue for the first quarter of 2015 was $2.2 billion, a 3% enhance as compared to the same period in 2014 as-stated and an 8% enhance adjusted for currency. Net revenue growth was driven by the impact of the following:
- An enhance in cross-border volumes of 19%;
- A 12% enhance in gross dollar volume, on a local currency basis, to $1.1 trillion; and
- An enhance in processed transactions of 12%, to 11.0 billion.
These factors were partially offset by an enhance in rebates and incentives, primarily due to new and renewed agreements and raised volumes. Acquisitions contributed 2 percentage points to total net revenue growth.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services.
Finally, Canadian Solar Inc. (NASDAQ:CSIQ), lost -0.56% Wednesday.
Canadian Solar, declared that it will hold a conference call on Thursday, May 7, 2015 at 8:00 a.m. U.S. Eastern Daylight Time (8:00 p.m., May 7, 2015 in Hong Kong) to talk about the Company’s first quarter 2015 results and business outlook.
Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar module products worldwide. The company operates in two segments, Module and Project.
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