Earnings
These companies are still flexing pricing power amid strong consumer demand
If you haven’t heard a lot about pricing power this earnings season, there’s a good reason: There hasn’t been a lot of it to go around. Many of the companies that have opted to pass along higher costs to consumers in the form of price increases are seeing lower volumes. There are a number of […]
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Atlassian says customers unlikely to reduce spending as the software maker surpasses revenue expectations
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar Atlassian Atlassian shares rose as much as 12% after the collaboration software maker disclosed more quarterly revenue than analysts had expected, while meeting consensus on earnings. Here’s how the company did: Earnings: 27 cents per share, adjusted, vs. 27 cents per share as expected by analysts, according to […]
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Stocks making the biggest moves after hours: DoorDash, Beyond Meat, AMC, Virgin Galactic & more
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — Shares of the food delivery company popped 12% after a revenue beat. DoorDash reported revenue of $1.61 billion in the […]
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Beyond Meat cuts revenue outlook, says it’s trimming workforce
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday lowered its revenue forecast for 2022 and announced it will trim its workforce by 4%, citing broader economic uncertainty. The El Segundo, California-based company […]
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Lyft has been a little brother to Uber, says Wedbush’s Dan Ives
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Dan Ives, Wedbush Securities managing director, joins ‘Closing Bell: Overtime’ to discuss Lyft’s second quarter earnings. 02:18 11 minutes ago Source
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DoorDash stock pops 18% after posting record orders
DoorDash delivery person Source: DoorDash DoorDash reported second-quarter results after the bell on Thursday that beat Wall Street’s revenue expectations but showed a greater loss per share than anticipated. Shares of DoorDash popped 18% in after-hours trading. Here’s how the company did: Loss per share: 72 cents vs. 41 cents expected by analysts, according to […]
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If we go into recession people will still travel but may trade down, says Oppenheimer’s Kelly
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jed Kelly, Oppenheimer senior analyst, joins ‘Power Lunch’ to discuss why the travel trade may be over, what he sees as the long-term potential for Airbnb and more. Source
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Investors are looking to Warner Bros Discovery for a streaming strategy — it already gave us a big hint
Leslie Grace attends Warner Bros. Premiere of “The Suicide Squad” at The Landmark Westwood on August 02, 2021 in Los Angeles, California. Axelle/bauer-griffin | Filmmagic | Getty Images Investors are looking to Warner Bros. Discovery for details on its streaming strategy when the newly merged company reports second-quarter earnings after the bell Thursday. They already […]
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Watch CNBC’s full interview with Evercore ISI’s Mark Mahaney
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mark Mahaney, Evercore ISI, joins ‘TechCheck’ to discuss travel booking companies’ earnings results and his rating on Booking Holdings. He also discusses the extent to which food delivery trends are reverting back to pre-pandemic trends. Source
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The travel trade is over, says Evercore’s Mark Mahaney
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mark Mahaney, Evercore ISI, joins ‘TechCheck’ to discuss travel booking companies’ earnings results and his rating on Booking Holdings. He also discusses the extent to which food delivery trends are reverting back to pre-pandemic trends. Source
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