Tag Archives: earnings

The New York Times Mayor Accused of Fraud Has New Problem: Drug Charges for Her Husband The husband of the mayor of Rochester, New York, was arrested Wednesday after police said they discovered drugs and guns in searches of his car and home, the latest crisis for the mayor in a year continually whipsawed by scandal. Mayor Lovely Warren’s husband, Timothy Granison, 42, was accused of being part of a midlevel cocaine trafficking ring and charged Thursday with drug and gun possession in what… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, May 18, 2021 The stock market is entering a new phase Investors right now are faced with a simple question: how much?  How much do they want to pay for earnings growth that continues to blow away expectations but might also be peaking.  Back in early April, my Morning Brief collaborator Sam Ro highlighted the most important chart for… Source link

Coinbase (COIN), the largest cryptocurrency exchange in the U.S., missed analysts’ expectations on the top and bottom line in its Q1 2021 earnings report, its first ever as a public company. Coinbase employee Daniel Huynh holds a celebratory bottle of champagne as he photographs outside the Nasdaq MarketSite, in New York’s Times Square, April 14, 2021. (AP Photo/Richard Drew) The company’s stock was down more than 3% following the announcement. “Our strong Q1 2021 results reflect the strength… Source link

Shares of online betting platform DraftKings () were down nearly 7% at market close on Friday after first-quarter financial results that reported a wider than expected loss and higher expenses .  But DraftKings CEO and co-founder Jason Robins struck an optimistic tone when speaking to Yahoo Finance Live on Friday, noting the company beat estimates on earnings per share and raised its full-year guidance by 16% amid increased enthusiasm for sports betting. “We’re seeing nothing in the data to… Source link

Uber (UBER) reported its Q1 2021 earnings after the closing bell on Wednesday, beating analysts’ expectations on the strength of its delivery business. Here are the most important numbers Wall Street is looking for from the report versus how the ride-hailing company performed in the same quarter last year. Gross bookings: $19.54 billion versus $18.07 billion expected Ride gross bookings: $6.8 billion versus $6.6 billion expected Delivery gross bookings: $12.5 billion versus $10.7 billion… Source link

Bloomberg Pfizer Sees $26 Billion From Covid Shot, Big Potential Ahead (Bloomberg) — Pfizer Inc. laid out a plan to turn its Covid-19 vaccine into a long-term business, clinching supply agreements that will yield $26 billion in sales this year while expanding the shot to children and developing new formulations that can combat variants and be stored more easily.The drugmaker’s revenue forecast was an increase from $15 billion, reflecting the strong demand worldwide for a return to normalcy…. Source link

Amazon (AMZN) shares reached a record intraday high after reporting first-quarter results and guidance that blew past expectations.  Shares of the e-commerce giant jumped as much as 2.4% to reach as high as 3,553.39 Friday morning in New York. The stock lost steam in afternoon trading, however, and ultimately ended lower by 0.1% to 3,467.42, or short of a record closing high.  The surge came after the company posted yet another quarter of ballooning sales and earnings, easily exceeding… Source link

Amazon (AMZN) reported better-than-expected first-quarter results on Thursday, with quarterly revenue surging past $100 billion again. Here’s what the company reported in its fiscal first-quarter results, compared to consensus estimates compiled by Bloomberg: Revenue increased 44% to $108.5 billion in the quarter versus $75.5 billion in the same quarter a year ago. During the first quarter, Amazon’s core online stores business saw its net sales grow 44% to $52.9 billion compared to $36.65… Source link

Google-parent Alphabet GOOGL recently reported first-quarter 2021 results, with earnings and revenues topping estimates and increasing on a year-over-year basis. Notably, Alphabet’s share price has surged about 3% since posting the impressive earnings results on Apr 27. Q1 Earnings at a Glance Earnings per share were $26.29, surpassing the Zacks Consensus Estimate by 68% and increasing 166.4% year over year. Revenues totaled $55.31 billion, rising 34.4% year over year (32% at constant… Source link

Yandex N.V. (YNDX Quick QuoteYNDX – Free Report) reported first-quarter 2021 adjusted earnings of 8 centsper share, missing the Zacks Consensus Estimate by 75.7%. Further, the figure declined 65.2% sequentially and 57.9% year over year. Revenues were $966.1 million. In ruble terms, the figure stands at RUB 73.1 billion,whichrose 56% on a year-over-year basisand 2.1% from the previous quarter. The reported revenue figure includes the consolidated financial results of… Source link