Coinbase ’s stock soars 16% after crypto platform swings to profit, as ‘risk on’ activity resumes
Coinbase Global Inc. shares jumped 16% in the extended session Thursday after the crypto-trading platform swung to a quarterly profit and reported revenue well above Wall Street expectations, saying it benefited from “risk on” activity in the markets. Coinbase COIN earned $273 million, or $1.04 a…#coinbaseglobalinc #coinbasecoin (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
DraftKings ’ stock goes south after sports-betting company swings to surprise loss
DraftKings Inc. shares dropped more than 2% in the extended session Thursday after the sports-betting platform surprised Wall Street with a quarterly loss and revenue that was merely in line with expectations. DraftKings DKNG lost $45 million, or 10 cents a share, in the fourth quarter, compared…#draftkingsinc (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
Toast ’s stock heats up on sales jump
Toast Inc.’s stock initially jumped 16% before cooling in after-hours trading Thursday after the company posted strong quarterly sales. The cloud-based restaurant-management software company TOST reported a fiscal fourth-quarter net loss of $36 million, or 7 cents a share, compared with a net loss…#toastincs #tost #marketwatch (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
Roku earnings top expectations, but its stock still sinks
Roku Inc. topped expectations with its latest results, but shares of the media-streaming company tumbled 15% in Thursday’s extended session. The company reported a fourth-quarter net loss of $78 million, or 55 cents a share, compared with a loss of $237 million, or $1.70 a share, in the…#rokuinc (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
DoorDash ’s stock slides despite reporting increase in revenue, orders
DoorDash Inc.’s stock slid 10% in after-hours trading Thursday after the food-delivery company delivered quarterly results. DoorDash DASH reported a fiscal fourth-quarter net loss of $154 million, or 39 cents a share, compared with a net loss of $640 million, or $1.65 a share, in the same quarter…#doordashincs #marketwatch (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
Stock Jumps 11% as Crypto Exchange Posts Bullish Returns
The San Francisco-based company’s Q4 2023 results showed that the company reported a profit of $273.4 million, compared with a loss of $557 million the same quarter one year ago. In Q3 2023, the exchange had reported a loss of $2 million in profit. Coinbase also makes money from interest earned on…#coinbase #usdcoin #usdc #coin (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
Roku Stock Plunges 17% on ‘Challenging’ Media and Entertainment Outlook for 2024
Roku shares fell as much as 17% in after-hours trading on Thursday after the company warned of a “challenging” media & entertainment outlook for 2024 despite beating Wall Street expectations for the fourth quarter of 2023. Here are the top-line results: Net loss: $78.2 million Earnings per share:…#roku #mediaentertainment #activeaccounts #thewrap (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
Coinbase posts profit on robust trading, higher interest income
Coinbase Global swung to a fourth-quarter profit, helped by strong growth in transaction volumes and higher interest income earned on its stablecoin reserves, sending the crypto exchange's shares up 8% in extended trading. A rebound in crypto prices in the last few months, thanks to optimism…#coinbaseglobal #coinbase #circle #usdcoin #usdc #usfederalreserve (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
DoorDash orders and revenue beat Wall Street expectations despite disappointing net losses
DoorDash's revenues and orders exceeded expectations for the fourth quarter, although its net losses failed to shrink as quickly as Wall Street had hoped. The San Francisco delivery company said Thursday that its revenues rose 27% to $2.3 billion in the October-December period, slightly exceeding…#doordash (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
UPDATE 1-Coinbase posts profit on higher interest income from stablecoin reserves
Coinbase Global swung to a profit in the fourth-quarter, helped by higher interest income that the crypto exchange earned on its stablecoin reserves and other products. The company on Thursday reported a profit of $273.4 million, or $1.04 per share, in the three months ended Dec. 31, compared with…#coinbaseglobal #usfederalreserve #coinbase #usdcoin #usdc #circle #niketnishant #sriharins #bengaluru #anildilva (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
Coinbase Shares Surge After Beating Fourth-Quarter Profit Estimates
It earned $1.04 per share, beating the average analyst estimate of $0.02 per share, according to FactSet data. Revenue of $953.8 million also exceeded the analyst forecast of $826.1 million, the company said in a statement. Crypto prices surged for much of 2023, but the rally intensified in the…#coinbase (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
Coinbase posts profit on higher interest income from stablecoin reserves
Coinbase Global swung to a profit in the fourth-quarter, helped by higher interest income that the crypto exchange earned on its stablecoin reserves and other products. The company on Thursday reported a profit of $273.4 million, or $1.04 per share, in the three months ended Dec. 31, compared with…#coinbaseglobal #usfederalreserve #coinbase #usdcoin #usdc #circle (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
Crocs rallies on bullish outlook after company ‘exceeded expectations across all metrics’
Crocs Inc.’s stock rallied Thursday after the footwear company said it expects to beat analyst estimates for its 2024 profit and also handed in stronger-than-expected fourth-quarter results. Crocs CROX rose 2.4% to $110.95 in premarket trading, its highest level since last July.#crocsincs (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
MTY Group reports fourth-quarter profit more than doubled compared with year earlier
MTY Food Group Inc. MTY-T reported its fourth-quarter profit more than doubled compared with a year ago. The restaurant franchisor and operator says it earned $16.4-million or 67 cents per diluted share for the quarter ended Nov. 30, up from $7.1-million or 39 cents per diluted share a year…#mtyfoodgroupinc #usmty (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
Deere cuts 2024 profit view as borrowing costs hurt farm equipment demand
Deere & Co DE-N cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket equipment purchases due to high borrowing rates and falling crop prices, even as its first-quarter sales and profits topped Wall Street estimates. Shares of the world’s largest farm equipment…#deerecoden #deere (Source: Reuters: Health)
Source: Reuters: Health - February 15, 2024 Category: Consumer Health News Source Type: news
