Tue, Jan 19, 2021 1:34 PM
Bank of Maharashtra Q3 net climbs by 13.9% at Rs 154 crore
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Mexican lender Bankaool expects to debut on the U.S. stock market by early 2026, a top executive said, as parent company Grupo OMNi looks to raise money to fund the lender's growth. Bankaool, a small lender which currently holds some 0.1% of the country's financial assets, has focused on its B2B segment but is now betting on rapid growth from consumer borrowers through a mobile application.
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Shares of advertising technology company Cardlytics (NASDAQ: CDLX) imploded Thursday morning, falling 32% through 10:15 a.m. ET after reporting what -- in all honesty -- didn't look like much of a miss last night. Expected to report quarterly sales of $71.7 million in Q1, Cardlytics said it booked only $67.6 million in sales. However, Cardlytics actually beat average earnings estimates.
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While a sharp rise in share price is pleasing for investors, it can become a challenge when a company fails to perform sufficiently to justify the higher levels. That seemed to be the dynamic with SaaS platform developer Datadog (NASDAQ: DDOG). The company's latest quarterly earnings report was impressive in many ways, but apparently it wasn't good enough for many investors.
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