A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Joe Raedle | Getty Images Target on Wednesday said its quarterly …
Target (TGT) Q2 2022 earnings: Profit falls nearly 90% Read More »
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world’s second-largest economy hit the …
Chinese tech giant posts first ever revenue decline Read More »
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive maintained its full-year guidance for deliveries Thursday and reported second-quarter revenue that was higher than Wall Street expected. But it trimmed its …
A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, US, on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images If Disney+’s subscriber growth is any indication, the rumors that the global streaming market is nearing saturation have been proven untrue. On Wednesday, the …
Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Coinbase shares dropped in extended trading on Tuesday after the crypto exchange reported a loss of over $1 billion in the second quarter and missed analysts’ …
SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted one of its biggest losses at its Vision Fund investment …
SoftBank Vision Fund posts a $21.6 billion quarterly loss Read More »
Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba reported fiscal first-quarter earnings on Thursday that beat …
Alibaba (FATHER) earnings fiscal Q1 June quarter Read More »
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health on Wednesday lifted its earnings outlook for the year, after beating Wall Street’s expectations for the fiscal second quarter. The health-care company said it now expects adjusted earnings per share for the full year …
Dan Schulman, president and chief executive officer of PayPal Holdings Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 10, 2019. The 36th annual event gathers many of America’s wealthiest and most powerful people in media, technology, and sports. Patrick T. …
Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Airbnb beat Wall Street estimates for earnings and posted revenue that met expectations for the second quarter. The company also announced a $2 billion share buyback program. Airbnb, like Uber, benefited from an increase in consumer spending on activities as opposed to goods. Revenue …