Tag Archives: revenue

Snap misses on Q2 revenue, shares plunge 23%

Snap misses on Q2 revenue, shares plunge 23%

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

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Mark Zuckerberg just hinted at an operating system for Meta and said he expects the metaverse to generate hundreds of billions in revenue by the end of the decade

Mark Zuckerberg just hinted at an operating system for Meta and said he expects the metaverse to generate hundreds of billions in revenue by the end of the decade

Mark Zuckerberg showing his metaverse avatar during Connect 2021.Facebook The Facebook founder and CEO is anticipating business success with the metaverse later this decade. A Facebook operating system may be needed “in order to deliver on what we want to build,” he said. The company division working on the metaverse is losing billions of dollars a quarter. A Meta Platforms-built operating system could be in the future as Mark Zuckerberg plans for the metaverse to be a major part of the… Source link

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‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 beaten-down tech names that are still posting white-hot revenue growth

‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 beaten-down tech names that are still posting white-hot revenue growth

‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 beaten-down tech names that are still posting white-hot revenue growth The market doesn’t seem able to find a bottom. The S&P 500 has fallen about 16% year to date, while the tech-centric Nasdaq is down 26% over the same time frame. But CNBC’s Jim Cramer sees plenty of opportunity amid the market downturn. In fact, the Mad Money host recently revealed two stocks that he wants to buy right now. Here’s a quick look… Source link

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Amazon shares plunge 10% after company issues disappointing revenue forecast

Amazon shares plunge 10% after company issues disappointing revenue forecast

Shares of Amazon (AMZ) dropped after the company revealed a revenue forecast that missed analyst estimates as consumers curb online spending in the face of economic uncertainty and a return to in-person activities. The company also reported a loss on its investment in electric-vehicle maker Rivian Automotive. Amazon was the last of Big Tech names to unveil quarterly earnings this reporting season. The tech behemoth’s cloud-computing platform Amazon Web Services (AWS) was a bright spot… Source link

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Alphabet Revenue Misses Estimates on YouTube, Europe Ads

Alphabet Revenue Misses Estimates on YouTube, Europe Ads

(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

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Alphabet Q1 earnings miss despite in-line revenue

Alphabet Q1 earnings miss despite in-line revenue

Google’s parent company Alphabet (GOOG, GOOGL) reported first-quarter sales that were roughly in-line with estimates, with the tech giant showing resilience in its key search advertising and cloud businesses. However, earnings came in lower-than-expected as costs mounted, and growth in the tech behemoth’s YouTube business slowed sharply compared to last year. Shares of Alphabet dropped more than 4.5% in late trading following the results. Here were the main metrics from Alphabet’s report… Source link

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DiDi Global Sinks on Delisting Plans and Revenue Drop

DiDi Global Sinks on Delisting Plans and Revenue Drop

(Bloomberg) — DiDi Global Inc. tumbled Monday, after the Chinese ride-hailing giant said it’s planning to delist its U.S.-traded shares before it finds a new venue for the stock. Most Read from Bloomberg DiDi’s American depositary receipts sank 18% to $2.01 after it set an extraordinary general meeting for May 23 to vote on delisting its shares from the New York Stock Exchange. While the company will continue to explore listing on another internationally recognized exchange, DiDi said it… Source link

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Commanders alleged to have hidden ticket revenue, per report

The new allegations of financial impropriety by the Washington Commanders are taking shape, and the NFL will be extraordinarily unhappy with team owner Dan Snyder if the accusations turn out to be true. The House Oversight Committee, which has been investigating allegations of sexual harassment against Snyder, has received information alleging the Commanders have been hiding ticket revenue that is supposed to be shared with other NFL teams, according to A.J. Perez of Front Office Sports. It… Source link

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Terran Orbital Begins Trading on the New York Stock Exchange Under Ticker Symbol “LLAP” and Announces Revenue Backlog Now Exceeds $200 million

Terran Orbital to Ring Opening Bell at the New York Stock Exchange Today, March 28, 2022, at 9:30 a.m. in Celebration of the New Listing BOCA RATON, Fla., March 28, 2022 /PRNewswire/ — Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a leading small satellite manufacturer primarily serving the United States aerospace and defense industry, announced that its common stock and warrants will begin trading on the New York Stock Exchange today, March 28, 2022, under the… Source link

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