Okta ’s profit push is paying off as earnings send the stock soaring
Okta Inc. issued an upbeat outlook Wednesday afternoon while saying that its emphasis on profitability is paying off. Its stock was rising more than 17% in the extended session. The identity-management company expects $603 million to $605 million in fiscal first-quarter revenue, along with 54…#oktainc #eps #toddmckinnon #mckinnon #paloaltonetworksinc #okta #nt (Source: Reuters: Health)
Source: Reuters: Health - February 29, 2024 Category: Consumer Health News Source Type: news
Halfords shares plunge after unscheduled profit warning
Halfords shares have plunged by almost a quarter after it issued an unscheduled profit warning, in part because of more consumers buying bicycles on credit. The motoring and cycling retailer said it expected to post profits of between £35m and £40m for the year up to this April, well down on its…#halfords (Source: Reuters: Health)
Source: Reuters: Health - February 28, 2024 Category: Consumer Health News Source Type: news
Baidu's Fourth-Quarter Net Profit Fell Despite Higher Revenue
Chinese search-engine giant Baidu reported a nearly 6% increase in revenue for the fourth quarter, thanks to higher sales from its online-marketing services and streaming services, but missed estimates.#baidu (Source: Reuters: Health)
Source: Reuters: Health - February 28, 2024 Category: Consumer Health News Source Type: news
Beyond Meat Skyrockets On'Right-Sizing' Hopes
reported a big fourth-quarter loss late Tuesday. Revenue fell less than expected, though the fake-meat maker guided low on sales. Still, BYND stock skyrocketed overnight as the company announced plans to cut operating costs and other "right-sizing" moves. Beyond Meat lost $2.40 a share, though…#beyondmeat #q4 #ethanbrown #edcarson (Source: Reuters: Health)
Source: Reuters: Health - February 28, 2024 Category: Consumer Health News Source Type: news
Macy's to close 150 unproductive namesake stores amid sales slip as it steps up luxury business
Macy’s will close 150 unproductive namesake stores over the next three years and 50 by the end of 2024, the department store operator said Tuesday after posting a fourth quarter loss and declining sales Macy's to close 150 stores as it pivots to luxury at Bloomingdale's and Blue Mercury NEW YORK…#macy #bloomingdale #bluemercury #bloomingdales #tonyspring #jeffgennette #arkhousemanagement #activist #neimanmarcus #jcpenney (Source: Reuters: Health)
Source: Reuters: Health - February 27, 2024 Category: Consumer Health News Source Type: news
Puma Sees Weaker First Half of 2024
Puma kept its dividend unchanged after the devaluation of the Argentine peso weighed on profitability for the fourth quarter, and said it expected geopolitical tensions and inflation to continue damping consumer sentiment, particularly in the first half of 2024.#argentine (Source: Reuters: Health)
Source: Reuters: Health - February 27, 2024 Category: Consumer Health News Source Type: news
Munich Re Profit Beats Views
Munich Re’s profit fell in the final quarter of 2023, partly due to Hurricane Otis, but beat market expectations as the company recovered from a period marked by major losses in its property-casualty reinsurance business.#munichres #hurricaneotis (Source: Reuters: Health)
Source: Reuters: Health - February 27, 2024 Category: Consumer Health News Source Type: news
iRobot narrows its loss, and shares jolt higher
Shares of iRobot Corp. initially jumped 10% then cooled in after-hours trading Wednesday after the company posted quarterly results that topped analysts’ revenue and earnings estimates. The vacuum maker IRBT, reported a fiscal fourth-quarter net loss of $63.6 million, or $2.28 a share, compared…#irobotcorp #irbt #roomba #irobot #spx #colinangle (Source: Reuters: Health)
Source: Reuters: Health - February 27, 2024 Category: Consumer Health News Source Type: news
Workday logs profit beat and inks AI deal, but stock drops after earnings
Shares of Workday Inc. fell 5% in after-hours trading Monday after the software company merely met revenue expectations for the latest quarter, while announcing an artificial-intelligence deal. The company reported fiscal fourth-quarter net income of $1.2 billion, or $4.52 cents a share, whereas…#workdayinc #workdaywday #hiredscore (Source: Reuters: Health)
Source: Reuters: Health - February 27, 2024 Category: Consumer Health News Source Type: news
Citi plans 20,000 job cuts as it reports worst quarter in 14 years
Bank reports $1.8bn fourth-quarter loss after taking $4bn in one-off charges (Source: Reuters: Health)
Source: Reuters: Health - February 26, 2024 Category: Consumer Health News Source Type: news
Man made $1.7M in illegal profits after overhearing wife ’s work calls
While he and his wife worked in close quarters at their Houston home, Tyler Loudon often overheard her conversations — even the confidential ones, according to court filings. In some of those discussions, it was mentioned that BP, the multinational oil company Loudon’s wife worked for, planned to…#houston #tylerloudon #bp #loudon #usdistrictcourt #southerndistrict #ericwerner #westlake #ohio #rome (Source: Reuters: Health)
Source: Reuters: Health - February 26, 2024 Category: Consumer Health News Source Type: news
AI News: 5 Takeaways From Nvidia ’s Earnings that Could Spark Market Trends
The AI industry saw a sentimental boost in investor opinion as Nvidia posted extremely upbeat results. With $22.1 billion in revenue for the quarter, Nvidia reported adjusted profits per share (EPS) of $5.16. Revenue of $20.4 billion and profits per share of $4.60 were the projections made by…#nvidia #eps #airevenue #investingdata #aimarketgrowth #aisupplychain #aienterprisesoftware #ainews (Source: Reuters: Health)
Source: Reuters: Health - February 25, 2024 Category: Consumer Health News Source Type: news
Bitcoin Profits: Jack Dorsey ’s Block Reports 90% Surge in BTC Gains in Q4 2023
Block, led by CEO Jack Dorsey, announced $66 million in gross profit from selling Bitcoin through its Cash App in the fourth quarter of last year. This marks a 90% increase from the previous year, according to the company’s earnings report released on Feb. 22. Block’s Bitcoin Revenue Soars to $2.5…#jackdorsey #cashapp #bitcoin #eps #bitcoinventures #dorseys #tbd #kenya #btcgains (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
Warren Buffett's cash mountain grows to record $168 billion as Berkshire Hathaway struggles to find bargains
None Warren Buffett's Berkshire Hathaway grew its cash pile to a record $168 billion last quarter. • None The investor and his team were net sellers of stocks but accelerated buybacks in the period. • None Berkshire posted a 28% increase in operating profits as it benefited from a strong economy.…#warrenbuffett #noneberkshire #treasury #federalreserve #pilottravelcenters (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
Expeditors International: Q4 Earnings Snapshot
Expeditors International of Washington Inc. (EXPD) on Tuesday reported fourth-quarter net income of $158.7 million. On a per-share basis, the Seattle-based company said it had profit of $1.09. The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by…#expd #seattle (Source: Reuters: Health)
Source: Reuters: Health - February 24, 2024 Category: Consumer Health News Source Type: news
