Category: earnings
Uber Eats grew like hell in Q1 but Uber still lost nearly $3B
Ahead of its earnings report today, shares of Uber rose around 11%, buoyed by a set of financial results and promises about the future from Lyft that were rated highly by investors. That optimism lapped over the edges onto Uber. Today after the bell, however, the global ride-hailing giant reported…
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The Switch has now sold more than the N64 and GameCube combined
Nintendo sold 3.29 million Switch consoles in the three-month window leading up to March 30th, 2020. That’s a 33 percent increase on the same period last year, and brings lifetime sales to 55.77 million. That figure is higher than the combined lifeti… Source
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Equinix just recorded its 69th straight positive quarter
There’s something to be said for consistency through good times and bad, and one company that has had a staggeringly consistent track record is international data center vendor, Equinix. It just recorded its 69th straight positive quarters, according to the company. That’s an astonishing record, and covers over 17 years…
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Peloton Q3 earnings show huge revenue and membership spikes
Peloton bested Wall Street’s high expectations, delivering a huge quarterly earnings report Wednesday that showed revenues climbing 66%. In after-hours trading, the connected fitness company’s stock bounced around rising and dipping below the stock’s previous all-time high. The company posted total revenues of $524.6 million for the quarter, besting estimates…
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Lyft shares rally 14% after it reports Q1 revenue growth of 23% to $955.7M
Fresh off of a large round of layoffs, Lyft reported its Q1 results this afternoon. The ride-hailing company disclosed that it generated revenue of $955.7 million in the first three months of 2020, up 23% from its year-ago Q1 revenue result of $776 million. The company’s net loss of $398.1…
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Unpacking why Wayfair’s stock popped 23.7% today
In the midst of the day’s news chaos both political and business-oriented, you might have missed Wayfair’s big moment: In regular trading today, shares of the online home goods retailer shot 23% higher. It was an eye-catching gain during a period when the domestic economy is troubled, unemployment is rising and…
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