Tag: earnings
Lyft sees ride revenues recover by nearly 50% in just three months
Shares of Lyft are riding high, popping more than 7% in after-hours trading today after the American ride-hailing giant reported its Q3 earnings. Lyft, which competes with Uber for rideshare, reported revenues of $499.7 million in third-quarter, a 48% drop from the $955.6 million in same year-ago period. That lackluster…
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Zynga reports record revenue and strong user growth while still losing $122M
Zynga’s revenue grew to a record $503 million (up 46% year-over-year) in the third quarter, with bookings of $628 million (up 59%), according to its latest earnings report. It also had its best mobile daily active user (31 million) and monthly active user (83 million) numbers in six years. But…
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Apple, Microsoft and other tech stocks roar as the Presidential election narrows to several states
On the back of sizable gains posted yesterday, tech stocks are once again rising sharply in pre-market trading today. Futures concerning the tech-heavy Nasdaq Composite index are indicating a 3.4% gain this morning, far above a 1.7% gain that the broader S&P 500 index is currently anticipating. The market capitalization…
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Samsung’s quarterly profit is up 58 percent from last year
Samsung’s guidance for its Q3 earnings is in, and the company expects an operating profit of $10.6 billion. That’s up 58 percent from the year before. A detailed breakdown will come later, but Reuters reports analysts who suspect that higher mobile p… Source
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Nintendo Switch hardware and software sales exploded over spring
The first quarter of Nintendo's financial year is usually a quiet one. Switch sales dip to their lowest point and tentpole releases are scarce. Not this time, though. The company sold 5.68 million Switch consoles in the three-month window leading up… Source
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Qualcomm results suggests the 5G iPhone will be slightly delayed
Qualcomm reported its Q3 2020 earnings on Wednesday (PDF), and of course the company informed investors about how the transition to 5G may boost its business. Also, it’s signed a global patent licensing deal with Huawei that apparently isn’t affected… Source
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