Today's stock market witnessed several significant developments that could impact investors' decisions. Here are the key highlights:
- Viridien (CGG) completed a reverse share split, exchanging over 716 million old shares for 7.16 million new shares at €1.00 nominal value, aimed at improving share management. Read more
- Uxin (UXIN) reported its Q4 and FY 2024 results, facing challenges in profitability despite China's used car market growing by 15%. The company aims to boost retail sales by 150% in FY 2025. Read more
- New Oriental (EDU) announced its Q4 and FY 2024 financial results, showing a 32.1% revenue increase to $1.14 billion. Despite rising revenues, operating income fell by 78.1%. The company expects further growth in Q1 FY 2025. Read more
- LivaNova (LIVN) reported a strong Q2 2024 with an 8.4% revenue increase, raising its full-year guidance based on robust growth in its Cardiopulmonary segment. Read more
- Meta Platforms (META) announced a solid Q2 2024 with a 22% revenue increase to $39.07 billion, attributing growth to a rise in ad impressions and average price per ad. Read more
These reports reflect a mixed performance across different sectors, with some companies overcoming challenges while others adjust their strategies for future growth. Investors should consider these insights as they navigate today's market landscape.
