Singapore markets close in 24 minutes
  • Straits Times Index

    3,197.73
    -2.30 (-0.07%)
     
  • Nikkei

    31,872.52
    -499.38 (-1.54%)
     
  • Hang Seng

    17,373.03
    -238.84 (-1.36%)
     
  • FTSE 100

    7,547.26
    -45.96 (-0.61%)
     
  • Bitcoin USD

    26,386.00
    +161.91 (+0.62%)
     
  • CMC Crypto 200

    566.77
    +4.12 (+0.73%)
     
  • S&P 500

    4,274.51
    +0.98 (+0.02%)
     
  • Dow

    33,550.27
    -68.63 (-0.20%)
     
  • Nasdaq

    13,092.85
    +29.25 (+0.22%)
     
  • Gold

    1,892.70
    +1.80 (+0.10%)
     
  • Crude Oil

    93.74
    +0.06 (+0.06%)
     
  • 10-Yr Bond

    4.6260
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,440.11
    -5.44 (-0.38%)
     
  • Jakarta Composite Index

    6,937.83
    +14.03 (+0.20%)
     
  • PSE Index

    6,385.52
    +10.84 (+0.17%)
     

Why Spotify Stock Popped Today

Why Spotify Stock Popped Today

Shares of streaming music monarch Spotify (NYSE: SPOT) got a big lift on Tuesday, rising 5.8% through noon ET even though the company reported a big net loss for the first quarter before the market opened -- and missed earnings estimates to boot. Heading into Q1, Wall Street analysts had forecast that Spotify would lose $0.93 per share on sales of $3.4 billion. Spotify's revenues rose 14% year over year to 3 billion euros.