Tag: earnings
Profitability expectations ding Lyft despite better-than-expected growth
The market has tightened expectations for ride-hailing companies Alex Wilhelm 8 hours Hello and welcome back to our regular look at private companies, public markets and the gray space in between. This afternoon we’re digging into Lyft’s earnings results, unpacking the company’s performance, the market’s expectations and why shares in…
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Unpacking Uber’s new profitability promise
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday Uber reported its Q4 2019 financial performance. Today, following the news, shares of the ride-hailing giant are up over 9%, pushing Uber’s stock above $40 per share. While Uber’s…
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Disney+ already has 26.5M subscribers
The Walt Disney Company just announced that its streaming service Disney+ has 26.5 million paying subscribers — ahead of the already impressive 25 million predicted by Wall Street analysts. Disney+ launched on November 12 and is not yet available globally. The day after the launch, the company said the service already…
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What is going on with Tesla?
Shares of American electric car company Tesla are sharply higher again this morning, adding $122.40 (or 15.69 percent ) to their value before regular trading today. The gains come after Tesla has rapidly added value in recent days, including a nearly 20 percent gain yesterday during regular trading; shares of…
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Alphabet earnings show Google Cloud on $10B run rate
Today after the bell, Alphabet reported its fourth-quarter and full-year financial results. The company’s revenue grew from $39.3 billion in 2018 to $46.1 billion in 2019. The firm’s net income also expanded from $8.9 billion to $10.7 billion over the same time frame. The figures, when compared to expectations, were…
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After earnings, Amazon joins the $1T club as Alphabet dips out
American tech companies almost did something neat today before messing it up. After reporting earnings yesterday, Amazon’s shares shot higher this morning, pushing the company’s value north of $1 trillion. Its growth and profits proved toothsome to the investing classes, bolstering the Seattle area’s tech pedigree by adding a second…
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