US markets fell; Zendesk soared 10.8% on Q4 results; Coca-Cola rallied on Q4 results
- The Nasdaq fell 2.1% on Thursday to close the session at 14,186 points.
- Zendesk soared 10.81% on strong Q4 results & rejection of takeover offer.
- Coca-Cola rallied on Q4 results that topped analysts’ expectations.
The US markets tumbled on Thursday after US CPI data out for January soared to 7.5% which was much higher than expectations, at a new 39-year high. Treasury yields also hit 2% for the first time since August 2019 which contributed to the sell-off in tech stocks.
The Dow Jones fell 1.47% to finish the trading day down 526 points to close at 35,242 points.
The tech heavy NASDAQ fell 2.1% to finish the trading day down 305 points to close at 14,186 points
One bitcoin is worth US$43,912 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 71.67 US cents.
Software-as-a-service company Zendesk soared 10.81% on Thursday after reporting Q4 results that topped analysts’ expectations and rejecting a takeover offer. For the period, Zendesk reported revenue up 32% YoY to US$375.4m, FY21 revenue growth of 30% YoY to US$1.339bn and expects US$318-US$387m in Q1 FY22. After-hours Zendesk also announced it had rejected an acquisition offer from a consortium of private equity firms for as much as US$16bn.
Shares in multinational beverage giant Coca-Cola rallied on Thursday after the company released fourth-quarter results that topped analysts’ expectations. For the period, Coca-Cola reported profit of US$0.04/share, an adjusted earnings of US$0.45/share, and sales of US$9.5bn.
And an autonomous Black Hawk helicopter has taken flight for the first time in the skies without a pilot on board using the DARPA developed ALIAS autonomous flying system to operate the 30 minute flight.
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