Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Huitongda Network shares surged 27% in Hong Kong on Friday, marking their largest daily gain ever, after the company signed an artificial intelligence cooperation agreement with Alibaba (NYSE:BABA).
In other market moves, Dongfeng Motor’s Hong Kong-listed shares climbed 9%. Morgan Stanley (NYSE:MS) highlighted improvements in the automaker’s proprietary brands sales, despite a significant decrease in preliminary first-half net profit.
China Mobile (NYSE:CHL) shares advanced after Jefferies raised its price target following the telecommunications company’s first-half results, which were in line with expectations.
Chinese brain technology-related stocks rose for a second consecutive day after the government pledged to push for breakthroughs in the sector.
On the downside, Wynn Macau (OTC:WYNMF) shares declined in Hong Kong after its parent company, Wynn Resorts (NASDAQ:WYNN), reported second-quarter adjusted earnings per share below the average analyst estimate.
MGM China (OTC:MCHVY) shares fell 7%, their largest drop since April 7, after the casino operator reported an 11% decrease in first-half net income.
SMIC shares also dropped after the Chinese chipmaker’s second-quarter net income missed analyst expectations.
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