Alibaba has faced growth challenges amid tightening regulation of China’s domestic tech sector and a slowdown in the world’s second-largest economy. But analysts say the e-commerce giant’s growth could accelerate through 2022. Kuang Da | Jiemian News | VCG | Getty Images Ali Baba reported fiscal first-quarter earnings on Thursday that beat expectations, sending shares … Read more
Starbucks Tuesday reported better-than-expected quarterly earnings and revenue, although the shutdowns in China are hurting its performance. Shares of the company rose more than 1% in extended trading. Here’s what the company reported for the July 3 quarter versus what Wall Street expected, based on a survey of analysts by Refinitiv: Earnings per share: adjusted … Read more
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in San Francisco, on Tuesday, December 14, 2021. David Paul Morris | Bloomberg | beautiful pictures Uber report a second quarter loss on Tuesday but beat analysts’ estimates for revenue and posted $382 million in free cash flow for the first time. … Read more
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in San Francisco, on Tuesday, December 14, 2021. David Paul Morris | Bloomberg | beautiful pictures Uber report a second quarter loss on Tuesday but beat analysts’ estimates for revenue. Shares of Uber rose 12% in pre-market trading. Here are the key … Read more
The Roku 3 TV streaming player menu is shown on TVs in Los Angeles, California, United States, on Thursday, September 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Roku stock plummeted more than 25% in extended trading on Thursday after the company missed profit expectations and the final profit for the company. second … Read more
Amazon Web Services CEO Adam Selipsky speaks at the AWS Reinvent conference in Las Vegas on November 30, 2021. Noah Berger | beautiful pictures Amazon said on Thursday that its cloud revenue grew 33% in the second quarter, beating analyst estimates. Amazon Web Services generated $19.74 billion in revenue during the period, according to a … Read more
People visit a Chipotle restaurant on February 9, 2022 in Miami, Florida. Joe Raedle | beautiful pictures Mexican barbecue Tuesday reported disappointing sales as rising prices helped boost profits but could spook inflation-weary customers. The company also said it would raise prices again in August, indicating continued costs for its restaurants. Shares of Chipotle rose … Read more
A woman drinks Coca-Cola near Playacar Beach in Playa del Carmen, Mexico. Artur Widak | NurPhoto | beautiful pictures coke Tuesday reported quarterly earnings and revenue that beat analysts’ expectations as the beverage giant’s sales recovered from the pandemic. Here’s what the company reported, compared to what Wall Street analysts surveyed by Refinitiv were expecting: … Read more
American Airlines Boing 777-300 wide-body aircraft is seen on its final approach to land at London Heathrow International Airport in UK, UK. Nicolas Economou | NurPhoto | beautiful pictures American Airlines on Thursday reported that it made a profit last quarter and said it expected to sink in bad luck in the third quarter, another … Read more
Wells Fargo said on Friday that second-quarter profit fell 48% from a year earlier as the bank set aside funds for bad loans and was hit by a drop in equity. Here’s what the company reported versus what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: adjusted 82 … Read more