Tag Archives: Misses

Snapchat parent Snap (SNAP) reported its Q2 earnings after the closing bell on Thursday, missing Wall Street’s expectations and sending shares plunging 23% in after hours trading. Here’s how the company performed in the quarter compared to what analysts were looking for, as compiled by Bloomberg. Revenue: $1.11 billion versus $1.14 billion expected Adjusted EPS: -$0.02 versus -$0.05 expected Daily active users: 347 million versus 343.2 million expected Average revenue per Snap user fell 4.5%… Source link

(Bloomberg) — Google parent Alphabet Inc. reported first-quarter revenue that fell short of analysts’ expectations, a rare miss for the technology giant reflecting slower ad sales in Europe and a lackluster performance by its YouTube video service. The shares declined about 6% in extended trading. Most Read from Bloomberg The company also announced a $70 billion share buyback program. Revenue, excluding payouts to distribution partners, increased 20% to $56 billion in the period ended March… Source link

The entrance to the Activision Blizzard Inc. campus is shown in Irvine, California, U.S., August 6, 2019. REUTERS/Mike Blake Activision Blizzard (ATVI) reported its Q4 2021 earnings after the bell on Thursday, falling well short of analysts’ estimates on the top and bottom line. The report will be the company’s first since Microsoft (MSFT) announced it will acquire the video game giant for $68.7 billion in January. Here are the most important numbers from the report compared to Wall Street’s… Source link

Apple, the world’s most valuable tech company, reported record revenue for a September quarter — but its stock slid after sales fell short of expectations and execs warned of ongoing supply-chain problems. The company posted $83.4 billion in revenue, up 29% year over year, and net income of $20.6 billion (or quarterly earnings per diluted share of $1.24). Wall Street analysts on average had pegged Apple revenue to come in at $84.85 billion and EPS at $1.24. Click here to sign up for… Source link

Yandex NV (NASDAQ: YNDX) reported second-quarter FY21 revenue growth of 97% year-on-year to $1.13 billion, beating the analyst consensus of $1.01 billion. Revenues from Online advertising grew 60% Y/Y to RUB 39.6 billion, Taxi segment, excluding sales of goods, rose 99% Y/Y to RUB 21.4 billion, sales of goods increased 365% Y/Y to RUB 13.4… Source link

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7… 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

GameStop (GME), a WallStreetBets favorite and phenomena of the year, reported fourth quarter results Tuesday afternoon which missed analyst expectations on the top and bottom lines and named a new COO as it focuses on growing e-commerce sales. The company also announced former Amazon and Google tech veteran Jenna Owens will be the next Chief Operating Officer. The stock was immediately up in after hours, before turning lower about 30 minutes later. These are the results versus consensus Wall… Source link

TipRanks 2 “Strong Buy” Cannabis Stocks Showing Monster Growth Investors have been fixated on growth companies over the past year, and one segment which has been on the rise is the fledgling cannabis industry. The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry. As expected, a Democrat led senate has been good news for those banking on marijuana reform at the federal level; And… Source link

McDonald’s (MCD) on Thursday posted a fourth quarter profit that fell short of Wall Street expectations, but the fast food giant got a sales boost from the COVID-19 trends of menu innovation, takeout and mobile ordering. Here’s what the Chicago-based fast-food restaurant posted, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Revenue: $5.31 billion versus $5.37 billion expected Adj. earnings per share (EPS): $1.70 versus $1.77 per share expected U.S…. Source link