Earnings

Warby Parker (WRBY) reports Q2 2022 losses

Warby Parker (WRBY) reports Q2 2022 losses

A general view of the atmosphere at Warby Parker’s store in The Standard, Hollywood Michael Buckner | Warby Parker | Getty Images Warby Parker on Thursday joined the slew of retailers that have cut their financial forecasts for the year, even as it reported a narrower-than-expected loss in its fiscal second quarter and sales in-line …

Warby Parker (WRBY) reports Q2 2022 losses Read More »

Disney to raise streaming prices while launching ad-supported tier, stock pops as subscriber total tops Netflix

Disney to raise streaming prices while launching ad-supported tier, stock pops as subscriber total tops Netflix

Walt Disney Co. added more streaming subscribers than expected and topped Netflix Inc.’s total in the second quarter, and plans to launch an ad-supported tier while increasing prices on its current offerings before the end of the year. Disney DIS, +3.98% on Wednesday reported the addition of 14.4 million Disney+ subscriptions in its fiscal second …

Disney to raise streaming prices while launching ad-supported tier, stock pops as subscriber total tops Netflix Read More »

Disney, Bumble, Sonos & more

Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines after the bell Wednesday: Walt Disney — Shares of the entertainment company jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the previous quarter. Subscriptions came in at 152.1 million, above the expected 147.76 …

Disney, Bumble, Sonos & more Read More »

Apple supplier Foxconn cautious on outlook as smartphone sales slow

Apple Inc supplier Foxconn reported that it beat its April-June net profit expectations. Photo by Lam Yik Fei/Bloomberg via Getty Images Apple Inc supplier Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom. The comments from the Taiwanese company, the world’s …

Apple supplier Foxconn cautious on outlook as smartphone sales slow Read More »

Coinbase, Roblox, Wendy’s and more

Check out the companies making headlines in midday trading. Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase – Shares of the crypto services operator jumped about 6% despite the company reporting a wider-than-expected loss late Tuesday and a decline in volumes …

Coinbase, Roblox, Wendy’s and more Read More »

Plug Power stock dips after earnings hit by fuel pressure

Shares of Plug Power Inc. dipped in after-hours trading Tuesday after the hydrogen fuel-cell company fell shy of expectations with its latest revenue and earnings. The company recorded a second-quarter net loss of $173.3 million, or 30 cents a share, compared with a loss of $99.6 million, or 18 cents a share, in the year-earlier …

Plug Power stock dips after earnings hit by fuel pressure Read More »

Wendy’s, Coinbase, Buzzfeed and more

Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. US same-restaurant sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) …

Wendy’s, Coinbase, Buzzfeed and more Read More »

Losses climb 50%, firm to exit Netherlands

A Deliveroo rider near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images Losses at British meal delivery firm Deliveroo swelled in the first half of 2022 while revenue growth slowed dramatically, as the disappearance of pandemic restrictions and a rise in the cost of living dented demand for online …

Losses climb 50%, firm to exit Netherlands Read More »

Bed Bath & Beyond stock set to snap longest win streak in 15 years after Baird analyst suggests it’s time to sell

Shares of Bed Bath & Beyond Inc. tumbled Tuesday, putting them in danger of their first decline in two weeks, after Baird analyst Justin Kleber suggested investors sell, saying the latest “meme stock frenzy” comes despite continued liquidity concerns. Baird’s Kleber turned bearish on the home goods retailer after its stock BBBY, -14.20% soared 39.8% …

Bed Bath & Beyond stock set to snap longest win streak in 15 years after Baird analyst suggests it’s time to sell Read More »

Roblox stock plunges 17% as key sales metric unexpectedly declines again

Roblox Corp. shares plunged in extended trading Tuesday after the videogame company said that a key sales metric unexpectedly declined for the second quarter in a row. Roblox RBLX, -3.17% reported a second-quarter loss of $176.4 million, or 30 cents a share, compared with a loss of $140.1 million, or 25 cents a share, in …

Roblox stock plunges 17% as key sales metric unexpectedly declines again Read More »