SAN FRANCISCO, July 30: Twitter has reported that its quarterly loss widened to USD 145 million despite revenue more than doubling, but its shares soared on word of healthy user growth.
Revenue at the popular one-to-many messaging service topped USD 312 million in the three months that ended June 30, with the number of monthly active users hitting 271 million, up 24 per cent when compared with the same period a year earlier, Twitter reported yesterday.
The loss adjusted for special items was less than the market had expected, and the rise in use evidently bolstered confidence of investors who pushed the stock up more than 28 per cent to USD 49.50 in after-market trading that followed release of the earnings figures. (AGENCIES)
Twitter loss widens but user numbers propel shares
Copper futures fall 0.10% on global cues, weak demand
NEW DELHI, July 30: Copper prices moved down by 0.10 per cent to Rs 429.25 per kg in futures trade today as speculators reduced positions amid a weak trend overseas and low demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in August shed 45 paise, or 0.10 per cent, to Rs 429.25 per kg in a business turnover of 699 lots.
Likewise, the metal for delivery in far-month November traded lower by 35 paise, or 0.08 per cent, to Rs 437.15 per kg in 19 lots.
Analysts said the fall in copper prices at futures trade was largely in tune with a weak trend in select base metals at the London Metal Exchange (LME) and subdued demand at domestic spot market.
Meanwhile, copper for delivery in three months retreated 0.20 per cent to USD 7,065.75 a metric tonne at the LME, while metal for delivery in September slid one per cent to 50,280 yuan (USD 8,134) per tonne on the Shanghai Futures Exchange. (PTI)
Nickel futures fall 0.25% on subdued demand
NEW DELHI, July 30: Nickel prices eased by 0.25 per cent to Rs 1,121.20 per kg in futures trade today amidst a weakening trend at the spot market due to subdued demand from alloy-makers even as metal strengthened at the London Metal Exchange (LME).
At the Multi Commodity Exchange, nickel for delivery in July fell by Rs 2.80, or 0.25 per cent, to Rs 1,121.20 per kg in a business turnover of 440 lots.
The metal for delivery in August also shed Rs 2.50, or 0.20 per cent, to Rs 1,125.10 per kg in a turnover of 108 lots.
Market analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend at the domestic spot markets owing to subdued demand from alloy-makers but metal’s gain at the LME, restricted the losses. (PTI)]
Zinc futures rise 0.18 pc on spot demand
NEW DELHI, July 30: Taking positive cues from domestic spot markets, zinc futures edged up by 0.18 per cent to Rs 141.80 per kg today after speculators created positions.
However, metal’s weakness at the London Metal Exchange (LME), limited the gains.
At the Multi Commodity Exchange, zinc for delivery in August contracts were up by 25 paise, or 0.18 per cent, to Rs 141.80 per kg, with a business turnover of 125 lots.
Likewise, the metal for delivery in far-month September traded higher by 15 paise, or 0.11 per cent, to Rs 142 per kg in a turnover of one lots.
Traders said rising spot demand supported the upside in zinc prices at futures trade here but metal’s weakness at the LME, restricted the gains.
Globally, zinc for delivery in three months fell one per cent to USD 2,343 a metric tonne at the LME. (PTI)
Union Minister Dr Jitendra Singh receiving a memorandum on Saharanpur incident from a Sikh deputation led by Delhi State BJP President Satish Upadhyay, MLA R P Singh and others at New Delhi on Wednesday.
Union Minister Dr Jitendra Singh receiving a memorandum on Saharanpur incident from a Sikh deputation led by Delhi State BJP President Satish Upadhyay, MLA R P Singh and others at New Delhi on Wednesday.
Aluminium futures rise on overseas trend
NEW DELHI, July 30: Taking positive cues from overseas markets, aluminium futures prices rose 0.25 per cent to Rs 119.65 per kg today as speculators enlarged positions.
At the Multi Commodity Exchange, aluminium for delivery in August gained 30 paise, or 0.25 per cent, to Rs 119.65 per kg, with a business turnover of 107 lots.
The metal for delivery in July also up by 25 paise, or 0.21 per cent, to trade at Rs 118.95 per kg in a turnover of 174 lots.
Marketmen said apart from a better trend in metal at the London Metal Exchange and pick up in demand from consuming industries at domestic spot markets, mainly supported the upside in aluminium prices at futures trade here. (PTI)
Governor N N Vohra chairing SMVDSB meeting at Raj Bhavan.
Governor N N Vohra chairing SMVDSB meeting at Raj Bhavan.
A Sadhu dresses up before leaving for Amarnath yatra in Jammu. —Excelsior/Rakesh
A Sadhu dresses up before leaving for Amarnath yatra in Jammu. —Excelsior/Rakesh
COS White Knight Corps during his visit to Military Hospital at Satwari.
COS White Knight Corps during his visit to Military Hospital at Satwari.
BJP activists protesting at Jammu on Wednesday. -Excelsior/Rakesh
BJP activists protesting at Jammu on Wednesday.
-Excelsior/Rakesh