Tag Archives: revenue

Google parent company Alphabet hit a new record for annual revenue in 2021, showing no ill effects from the lingering coronavirus pandemic or ongoing issues with the global supply chain. For full-year 2021, the company saw a 41 percent year-over-year jump in revenue to $257 billion. The company reported revenue of $75.3 billion in the fourth quarter of 2021, up 32 percent from the year earlier. “Q4 saw ongoing strong growth in our advertising business, which helped millions of… Source link

The viral video of No. 1 Rivals.com recruit Travis Hunter signing with Jackson State over Florida State, Georgia and Auburn looms as an inflection point for college football. It’s the most recognizable moment in a flurry of events that show the 2022 recruiting class portends change in how the talent procurement process and compensation of college athletes will unfold. It can be placed alongside top-ranked quarterback Quinn Ewers leaving high school early for NIL riches, Lane Kiffin’s… Source link

Oatly (OTLY) shares are tanking after the oat-milk producer missed revenue expectations for its latest quarter and slashed its sales guidance.  The results were “disappointing, but also transitory,” Cowen senior analyst Brian Holland told Yahoo Finance Live.  Revenue came in at $171.1 million in the third quarter, missing consensus expectations of $185.7 million, based on Bloomberg data. The company forecasts sales will come in at more than $635 million for the year, a downward revision from… Source link

DENVER, November 09, 2021–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the third quarter ended September 30, 2021. Q3 2021 Highlights Total revenue grew 36% year-over-year to $392 million Added 34 net new customers in Q3 Commercial customer count grew 46% quarter-over-quarter US commercial revenue grew 103% year-over-year Cash flow from operations of $101 million, representing a 26% margin Adjusted free cash flow of $119 million, representing a 30%… Source link

A “Google tax” introduced by the coalition government to crack down on multinationals shifting profits overseas has been criticised as a “total failure”, as new documents show it is predicted to raise no money over the next six years. The diverted profits tax, introduced in 2015, was hailed as a pioneering effort to tackle multinationals who were reducing their UK corporation tax by shifting profits overseas. It was predicted by officials that the tax would raise up to £400m a year,… 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

Starbucks (SBUX) posted fiscal fourth-quarter earnings results that mostly missed Wall Street estimates, but the coffee giant reported a spike in active Starbucks reward members as the fast food industry leans into digital in an effort to boost sales and drive customer loyalty. Here’s what the Seattle-based company reported, compared to Wall Street estimates, according to a Bloomberg consensus estimates: Revenue: $8.1 billion versus $8.22 billion expected Adj. earnings per share (EPS): $1.00… Source link

[unable to retrieve full-text content]Yandex EPS beats by $0.33, revenue in-line  Seeking Alpha Source link

MOSCOW, Oct 27 (Reuters) – Russian internet giant Yandex on Wednesday reported an 82% year-on-year drop in third-quarter adjusted net income, in part due to investments in e-commerce, but raised its 2021 group revenue forecast to 340-350 billion roubles ($4.84-$5 billion). Yandex, which is spending $650 million on an e-commerce drive this year, said gross merchandise volume (GMV) for its e-commerce businesses jumped 214% year-on-year to 41 billion roubles. Adjusted net income fell to 1.34… Source link

(Adds detail) MOSCOW, Oct 27 (Reuters) – Russian internet giant Yandex on Wednesday reported an 82% year-on-year drop in third-quarter adjusted net income, in part due to e-commerce investments, but raised its full-year group revenue forecast for a second time. The rapidly expanding company, which is spending $650 million on an e-commerce drive this year, offers services ranging from advertising to ride-hailing and food delivery. It now expects group revenue this year of 340-350 billion roubles… Source link