Dropbox shares are surging toward their best single-day performance on record on Friday as bulls say the stock has finally hit a turning point. The cloud-storage company initially got a warm reception from Wall Street when it came public in early 2018, but the stock has languished in recent months …
Read More »Dow Jones Newswires: Pearson 2019 pretax profit halved
Pearson PLC said Friday that pretax profit for last year more than halved as revenue declined and the company booked reduced gains on disposals and restructuring charges. Pretax profit for 2019 was 232 million pounds ($ 299.0 million) compared with GBP498 million a year earlier, the London-based education company PSON, …
Read More »Dow Jones Newswires: Ams revenue and profit rises amid growth for 3D sensing unit
Ams AG said Tuesday that its revenue and adjusted profit rose year-on-year amid strong growth in its business for 3D sensing and advanced light sensing. The Swiss technology company AMS, +4.00% reported adjusted profit of $ 158.9 million in the fourth quarter compared with $ 1.6 million year-on-year, with …
Read More »Dow Jones Newswires: ING profit tumbles, missing forecasts
ING Groep NV on Thursday reported a significant fall in net profit for the fourth quarter of 2019, reflecting increases in risk costs, expenses and effective tax rate. The Dutch bank ING, +1.89% made a net profit of 880 million euros ($ 972.4 million) for the three months ended Dec. …
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