The global card network giants Visa and Mastercard reported quarterly financial results on Wednesday. Visa reported better than financial results compare to Mastercard but the revenue declines for both companies resulted from a lack of higher fees for cross-border transactions, as global travel remains limited.
“We are excited to join the AMD family, Joining together with AMD will help accelerate growth in our data centre business and enable us to pursue a broader customer base across more markets.” Xilinx CEO Victor Peng said.
Cybersecurity firm McAfee returned to Wall Street on Thursday and it commenced trading on the Nasdaq under the ticker symbol “MCFE”. In this IPO transaction, McAfee sold 37 million shares and raised $740 million in funds. McAfee is an antivirus software provider that provides cyber security solutions for data centers and cloud services.
Snapchat's parent company Snap Inc (NYSE: SNAP) shares surged more than 20% on Wednesday in pre-market trading after the company reported better-than-expected third-quarter financial results. The Social media company registered a 52% increase in revenue at $679 million in its third quarter.
Logitech (NASDAQ: LOGI) share price rose more than 16% after the company reported strong second-quarter financial results on Monday. The company profit for the last quarter jumped to $266.9 million from $72.9 million, as sales surged 75% to $1.26 billion.