RTTNews | Aug 5, 2020 04:45PM EDT

04:45 Wednesday, August 05, 2020

|BEGINSUB|Asian Shares Mixed In Cautious Trading|ENDSUB|Asian stocks turned in a mixed performance on Wednesday as investors kept a watchful eye on the upcoming U.S. job report as well as negotiations on a U.S. Covid-19 relief bill.Underlying sentiment turned cautious after reports suggested that the U.S. and China plan to review the implementation of their phase one trade deal in mid-August.

|BEGINSUB|European Stocks Close Higher|ENDSUB|European markets closed higher on Wednesday, as investors picked up stocks, reacting positively to some earnings announcements and on optimism the U.S. lawmakers will eventually agree on a stimulus package.

|BEGINSUB|Stock Alert: New Relic Tumbles 24% After Q1 Results |ENDSUB|Shares of New Relic, Inc. are losing almost 24 percent or $17.56 in Wednesdays morning trade at $55.94 after the software-as-a-service company reported a wider net loss for the first quarter.

Tuesday, New Relic reported first-quarter attributable net loss of $29.76 million or $0.50 per share, wider than net loss of $15.17 million or $0.26 per share in the prior-year period. Adjusted earnings were $0.15 per share, compared to $0.19 per share in the year-ago period. However, revenue for the quarter grew to $162.59 million from $141.01 million a year ago.

|BEGINSUB|Stock Alert: Square Climbs To New 52-week High After Q2 Results |ENDSUB|Shares of Square Inc. (TS:SQ) are rising more than 14 percent or $19.75 in Wednesdays morning trade at $156.58, after earlier touching a new 52-week high of $158.43 as the payment processor reported increase in revenue for the second quarter.

Tuesday, Square reported net loss for the second quarter of $11.48 million or $0.03 per share, wider than net loss of $6.74 million or $0.02 per share in the year-ago period. However, on adjusted basis, it reported profit of $0.18, compared to $0.21 per share in the prior-year period.

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