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Posts Tagged ‘earnings’

Slack opens at $38.50, a pop of 48% on its first day of trading on NYSE as WORK

Slack, the workplace messaging platform that has helped define a key category of enterprise IT, made its debut as a public company today with a pop. Trading as “WORK” on the New York Stock Exchange, it opened at $38.50 after setting a reference price last night of $26, valuing it at $15.7 billion, and then ...

When will customers start buying all those AI chips?

It’s the best and worst time to be in semiconductors right now. Silicon Valley investors are once again owning up to their namesakes and taking a deep interest in next-generation silicon, with leading lights like Graphcore in the United Kingdom hitting unicorn status while weirdly named and stealthy startups like Groq in the Bay Area ...

Smart TVs add fuel to Xiaomi’s Q1 earnings

Chinese smartphone company Xiaomi just released its first quarterly results since announcing its $1.48 billion pledge to focus on smartphones and ‘AIoT’, an acronym for Internet of Things powered by artificial intelligence. Xiaomi’s adjusted net profit for the first quarter increased 22.4 percent year-over-year to 2.1 billion yuan ($300 million), while total revenue climbed 27.2 ...

Walmart beats on earnings in Q1, with U.S. e-commerce up by 37 percent

Walmart’s investments in e-commerce are paying off. The retailer today announced its U.S. e-commerce sales grew by 37 percent in the first quarter, largely thanks to its booming online grocery business and growth in both the home and fashion categories on Walmart.com. The company also beat analyst estimates for the quarter, with earnings per share ...

Disney reports strong second-quarter, but takes $353 million write-down on Vice

Walt Disney Co. is writing down its investment in Vice Media for the second time in less than a year. In its otherwise upbeat second-quarter earnings report, the company said it was taking an impairment of $353 million for Vice. This follows the $157 million write-down Disney disclosed during its fourth-quarter earnings report in November. ...

Match Group records solid first-quarter revenue thanks to an increase in Tinder subscribers

Match Group’s revenue saw solid growth in the first quarter thanks to an increase in Tinder subscribers. The company, whose portfolio of dating apps also includes Match.com, PlentyOfFish, OkCupid and Hinge, among others, said in its earnings report today that total quarterly revenue grew 14% year over year to $465 million. If the effects of ...

Lyft lost $1.14B in Q1 2019 on $776M in revenue

In its first-ever earnings report as a public company, Lyft (NASDAQ: LYFT) failed to display progress toward profitability. The ride-hailing business, which raised $2 billion in a March initial public offering, posted first-quarter revenues of $776 million on losses of $1.14 billion, including $894 million of stock-based compensation and related payroll tax expenses. The company’s ...