Tag Archives: sales

Square Q1 sales surge 266% as transactions jump amid economic recovery, bitcoin revenue soars

Square (SQ) reported first-quarter earnings that blew past estimates after market close on Thursday, with the payments company’s results boosted by ongoing growth in Cash App and its cryptocurrency offerings. Shares rose more than 1% in late trading.  Here were the main metrics in Square’s report compared to consensus estimates compiled by Bloomberg: As a financial technology company, Square’s growth ballooned over the course of 2020, with consumers increasingly conducting transactions online… Source link

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Qualcomm cruises past analysts’ earnings expectations on strength of phone sales

Benzinga Apple, Facebook And The Fed: Full Plate Later Today Means Market Could Hit Lull Ahead Of News If earnings season has a crescendo, we’re right in the middle of it. Even as investors digest results from Alphabet (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT), they await Apple (NASDAQ: AAPL) and Facebook (NASDAQ: FB) this afternoon. Along the way there’s a Fed meeting conclusion. Tomorrow morning brings gross domestic product (GDP) data, with Amazon (NASDAQ: AMZN) in the wings later… Source link

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Surge in Google ad sales sends Alphabet earnings to record high

Google parent Alphabet Inc. rang up record profits for a third straight quarter during the pandemic, catapulting shares 5% to a 52-week high in after-hours trading Tuesday. The search-engine behemoth  GOOGL, -0.82% GOOG, -0.84% reported net income of $17.93 billion, or $26.29 a share in its fiscal first quarter, compared with net income of $6.84 billion, or $9.87 a share, in the year-ago quarter. Revenue after… Source link

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Microsoft beats Q3 revenue expectations on strength of cloud and PC sales

Benzinga Tech Time: Microsoft, Advanced Micro Devices, Alphabet Reporting After Close Today Ready or not, it’s time for all of us to put our Fed hats on. Again. It’s only been six weeks since the last Federal Open Market Committee (FOMC) meeting, but they’re gathering again today. The usual press conference featuring Fed Chairman Jerome Powell comes right after the meeting ends at 2 p.m. ET tomorrow, and analysts don’t expect any change in policy. Trading might be a little slow ahead… Source link

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Google Cloud, ad sales on YouTube bolster Alphabet’s long term growth

Sundar Pichai, chief executive officer of Google Inc. Bloomberg | Getty Images Alphabet‘s stock hit an all-time high earlier this week, and analysts say growth in Google’s businesses outside of search ads could propel shares even higher On Monday, April 19, the Google-parent company’s stock price hit an intraday all-time high of $2,304.09 and ended the day at a record closing high of $2,289.76. But that’s just the tip of the iceberg, analysts told CNBC. Source link

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Chewy shares soar as COVID-19 buying drove subscriptions, sales above $2B in Q4

Chewy on Tuesday reported stronger-than-expected quarterly earnings results, which sent its shares surging in the after-hours session. Here are the key results for Q4 versus expectations, according to Bloomberg data: The online seller of pet food and supplies saw net sales top $2 billion for the first time, climbing nearly 51% from a year ago to $2.04 billion. For the fiscal year, net sales jumped more than 47% to $7.15 billion. It also reported 19.2 million active customers, adding 5.7… Source link

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Google Cloud Caps Sales Commissions as Losses Mount — The Information

Last year, Google lost $5.6 billion on its cloud computing business—real money even for one of the most wildly profitable companies on the planet. Now it’s taking a new approach that could help it stem a bit of that flood of red ink. Thomas Kurian, chief of Google’s cloud computing unit, recently reintroduced a cap on the commissions earned by Google Cloud salespeople who sell to large companies, according to a person with direct knowledge of the policy and two… Source link

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Google cuts app store fees on first million in annual sales

Google CEO Sundar Pichai speaks during a conference in Brussels on January 20, 2020. Kenzo Tribouillard | AFP | Getty Images Google announced on Tuesday that it will cut Google Play app store fees to 15% on the first million dollars a developer makes on Google’s store per year. After developers cross the $1 million mark in sales for a year, Google will charge developers its standard 30% fee for in-app purchases and downloads. The move follows a similar decision from Apple in December, although Source link

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AMC Entertainment Q4 Sales Plunged 90%, Losses Ballooned Amid Pandemic; CEO Adam Aron Cites “Most Challenging Market Conditions” In 100 Years

AMC Entertainment revenue plunged last quarter to $162 million from close to $1.5 billion the year before as the global pandemic squeezed exhibition. That beat expectations, coming about $20 million above Wall Street’s consensus estimates. The stock is up 3% in late trading. Net losses widened to $946 million, including a hefty one-time impairment charge, from $13.5 million the year before. For full-year 2020, AMC said it lost $4.58 billion vs. $149M loss in all of 2019. More from Deadline As… Source link

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Zoom quarterly sales surge 369% as work-from-home extends into early 2021

TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have taken notice of the market shakeups, and are working out what it means for investors. According to macro strategist Gurpreet Gill, watching bond yields and stock values closely,… Source link

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