Sat, Apr 27, 2024 1:39 PM
Stock picks of the week: 4 stocks with consistent score improvement
A Flip by Riya Sharma
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading Wednesday. The San Francisco-based vacation rental app said its net income rose to $264 million in the first quarter from $117 million a year earlier, on revenue that rose 18% to $2.14 billion.
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✨The domestic equity indices, Sensex and Nifty 50, are expected to open flat tracking mixed cues from global peers. ✨Asian markets traded mixed while the US stock market also ended on a mixed note overnight amid lack of fresh triggers. ✨Gains in US dollar and treasury yields weighed on the equities. ✨On Wednesday, the Indian stock market benchmark indices ended choppy session.
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Happiest Minds Inc., a wholly-owned subsidiary of Happiest Minds Technologies Ltd., has executed an agreement to purchase 100% stake in Aureus Tech Systems LLC. The company will pay an upfront cash consideration of $8.5 million and earn outs will later be given based on performance. The acquisition is likely to be completed before the end of June 2024.
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