Author Bio
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of
Conduent (NASDAQ:CNDT) were falling today after the company reported its fourth-quarter 2020 results yesterday. Despite the company beating Wall Steet s consensus earnings and revenue estimates, some investors sold off their shares.
The tech stock fell by as much as 17.6% and was down 12.5% as of 1:49 p.m. EST.
So what
Conduent reported adjusted earnings per share of $0.20, which was up 11% from the year-ago quarter and beat analysts consensus earnings estimate of $0.19. The company s sales of $1.05 billion were down 4% year over year, but still beat Wall Street s estimate of $1.03 billion for the quarter.
Following a pretty miserable year in 2020 for the new car market in Australia, 2021 has kicked off with a positive. An 11.1 per cent positive, to be exact. New vehicle registration figures, in the form of January 2021 VFACTS, show the local market is on the mend.
Consumers purchased 79,666 new vehicles in January, which is up 11.1 per cent on the 71,731 units registered in January last year. Our guess is this positive trend will continue throughout this year against the low numbers recorded throughout 2020, mainly due to the coronavirus pandemic.
At the top of the charts, Toyota has once again set the benchmark. It sold 16,819 vehicles in January, up 13.6 per cent on last January. Mazda crossed the line in second spot, with 8508 sales (up 27.1 per cent), with Hyundai rounding out the top three with 5951 sales (up 9.3 per cent).
Pepillo Origel es criticado en Estados Unidos por recibir la vacuna sdpnoticias.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sdpnoticias.com Daily Mail and Mail on Sunday newspapers.
Senator
Sherrod Brown, the incoming Chairman of the Senate Banking Committee, will be holding a hearing on the
GameStop –
Reddit phenomenon, according to a tweet.
Senator Brown said it was time for the SEC and Congress to make the economy work for everyone while castigating Wall Street, worrying about rules only when they get hurt.
People on Wall Street only care about the rules when they’re the ones getting hurt.
It’s time for SEC and Congress to make the economy work for everyone.
As Incoming Chairman of the @SenateBanking Committee, I will be holding a hearing on the current state of the stock market. https://t.co/V9Hzp26jRT