The U.S.-listed shares of Oatly Group AB OTLY soared 13.1% in premarket trading Wednesday, after the Sweden-based oat-based drink company reported better-than-expected fourth-quarter revenue, provided...
Tag: revenue
GTLB Stock Drops Over 30% as GitLab Issues Misses Forecast Revenue
The GTLB stock came under severe selling pressure in the aftermarket hours on Monday since the projected revenue stood less than the estimates. On Monday, March 13, GitLab Inc (NASDAQ: GTLB) stock plu...
GitLab Stock Plunges 30%. Revenue Growth Set to Slow Despite Price Hikes.
GitLab stock plunged close to 30% early Tuesday after the DevOps software issued a weaker-than-expected revenue forecast. The company (ticker: GLTB) said it expects fiscal year 2024 revenue of $529 mi...
How Uniswap’s WoW revenue jumped amid USDC-TradFi FUD
The Uniswap revenue increased by 63% as users considered trading USDC pairs on the DEX. While the TVL also climbed, UNI holders resisted accumulating. Panic spread across the crypto ecosystem as Circ...
Avalanche: Revenue spikes, but AVAX investors must be cautious as…
Avalanche network’s revenue and fees spiked on 11 March. Metrics were bullish, but market indicators supported the sellers. Avalanche [AVAX] witnessed a major decline in key metrics last week, which ...
Cramer is positive on Oracle stock despite revenue miss
Oracle Corporation (NYSE: ORCL) is trading down today after reporting weaker-than-expected revenue for its third financial quarter. Oracle stock down on soft guidance Shareholders are also disappointe...
Oracle stock falls following forecast as revenue disappoints
Oracle Corp. shares recouped some of their losses in the extended session Thursday after the forecast revenue range bookended the Wall Street consensus, as the software company’s largest business unit...
Oracle Stock Is Dropping. Earnings Topped Views, but Revenue Disappointed.
Oracle stock is falling after the software company posted slightly worse-than-expected revenue results for its latest quarter. “Our strong quarterly earnings growth was driven by 48% constant currency...
Biden budget proposes closing crypto loophole to raise $24 billion in new revenue
Tucked within President Biden’s budget is a proposal to change the tax treatment of cryptocurrency transactions that would eliminate investors’ ability to take advantage of losses to lower...
Canaan (CAN) Q4 revenue Down by 82%: Can Mining Rig Maker Recoup?
Canaan revealed an 82% revenue drop in the Q4 report. Its shares dropped by 3.83% on Wednesday. The Beijing-based crypto mining rig maker, and a leading high-performance computing solutions provider, ...
Hut 8 Increased its Bitcoin Holdings by 65%, Yet Revenue Plunged
Canada-based cryptocurrency miner – Hut 8 Mining – released its financial results for the year and quarter that ended December 31st, 2022. The company managed to increase its mining production by over...
Shiba Inu Might Benefit Heavily From Shibaswap Massive Revenue Rise, Here’s How
Arman Shirinyan Shiba Inu has multiple benefits from rise of Shibaswap, but it still needs another boost Shibaswap, the decentralized exchange platform launched by the Shiba Inu community, has been ex...
GFT US Appoints Chief Revenue Officer as It Scales Regional Ambitions in Banking, Private Equity, Insurance and Manufacturing
New CRO Scott Hofmann Will Accelerate GFT’s Success, Transforming the Infrastructures of Some of the Country’s Largest Enterprises Into New Cloud-Based Opportunities NEW YORK–(BUSINESS WIRE)–Global di...
Alibaba Rival JD.com Clocks Over 7% Revenue Growth In Q4; Surpasses RMB 1T In Annual Revenue
JD.com, Inc (NASDAQ: JD) reported fourth-quarter FY22 revenue growth of 7.1% year-on-year to $42.84 billion, beating the consensus of $42.73 billion. JD Segment Performance: JD.com’s net product...
Hut 8 reports annual revenue decline, increase in mined bitcoins
North American crypto miner Hut 8 reported annual revenue of CA$150.7 million ($109 million) — a decrease of CA$23.1 million compared to the previous year — and a 65% increase in bitcoin holdings. ...
JD stock rises after profit beat and dividend initiated, while revenue comes up shy
The U.S.-listed shares of JD.com Inc. JD, +0.88% rose 1.0% in premarket trading Thursday, after the China-based ecommerce company beat fourth-quarter profit expectations and initiated a dividend, but ...
MongoDB stock drops as revenue outlook falls short
MongoDB Inc. MDB, +2.26% shares dropped in the extended session Wednesday after the database company’s revenue outlook overshadowed better-than-expected results. MongoDB shares fell as much as 11% aft...
Payments Technology Firm Nuvei Q4 Crypto Revenue Drops 58% From Year Ago
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Despite 82% drop in quarterly revenue, Bitcoin mining hardware manufacturer Canaan remains optimistic
Ad Canaan, a Chinese manufacturer of application-specific integrated circuit (ASIC) mining machines for Bitcoin, reported an 82% drop in revenue in Q4 2022, according to a filing with the United State...
Canaan’s Q4 Revenue Plummets by 82.1% YoY to $56.8 Million in 2022 – Cryptopolitan
Canaan Inc., a leading manufacturer of cryptocurrency mining equipment, has recently released its unaudited financial results for Q4 2022 and the full year. The report reveals a sharp decline in reven...
Bitcoin Miner Canaan Reports 82.1% Revenue Decline in Q4 2022
6 seconds ago | 2 mins read Bitcoin News Canaan saw a 368.2% increase in mining income, to the tune of $10.46 million. The firm’s net income shifted to a loss of $63.6 million in Q4 2022. Canaan, a Ch...
Argo Blockchain Records High Bitcoin Production and Revenue in February 2023
World-leading cryptocurrency miner Argo Blockchain recorded increased Bitcoin production despite the rise in network difficulty. On March 7, the company released its operations update for February 202...
CRWD Stock: CrowdStrike Earnings Top Estimates, Revenue Outlook Well Above Views
CrowdStrike Holdings (CRWD) late Tuesday reported January-quarter profit and revenue that beat consensus estimates. Also, the cybersecurity firm’s revenue guidance came in well above Wall Street...
Canaan’s Q4 22 Mining Revenue Increased by 368% But There’s a Catch
Increasing electricity costs and a decline in digital asset prices coupled with high mining difficulty in the fourth quarter slashed mining profit margins and made it difficult for miners to stay aflo...
BlackBerry Stock Dives on Latest Numbers as Revenue Forecast Disappoints
BlackBerry stock tumbled Tuesday, the morning after the Canadian cybersecurity firm released preliminary fiscal-year figures that disappointed Wall Street. The company said Monday evening that it expe...
Canaan’s Q4 2022 Revenue Declines by 82.1% YoY to $56.8M
Chinese Bitcoin miner and manufacturer of application-specific integrated circuit (ASIC) mining machines, Canaan, has reported an 82.1% YoY revenue decline to $56.8 million in Q4 2022, according to a ...
Global Ad Revenue For Print Struggles, As Total Ad Revenue Nears $1 Trillion
WARC projects global ad revenue from Amazon to surpass total print in the near future. (AP … [+] Photo/Steven Senne, File) Copyright 2020 The Associated Press. All rights reserved According to a...
Canaan revenue plummets in Q4 2022
Chinese bitcoin mining hardware manufacturing giant Canaan, saw an over 80% plunge in its revenue in Q4 2022, while mining revenue for the same quarter increased over 360% compared to Q4 2021. Canaan...
Mining Hardware Manufacturer Canaan Revenue Drops 82%
Canaan crypto stock reported a revenue drop of 82.1% to $56.8 million in the fourth quarter of 2022 and may fall further. Canaan, the China-based mining hardware manufacturer, reported revenue of RMB ...
Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4
According to a new filing with the U.S. Securities and Exchange Commission on Mar. 7, Canaan, a Chinese Bitcoin (BTC) miner and manufacturer of application-specific integrated circuit (ASIC) mining ma...
Canaan reveals tough fourth quarter with revenue down 60%
Canaan Inc. shared its unaudited fourth-quarter and full-year financial results for 2022 — showing a big decline toward the end of the year. Total computing power sold in Q4 2022 decreased by 45...
Oracle’s cloud strength, ‘resilient’ revenue, prompt analysts to raise targets
Oracle Corp.’s stock fell following the software giant’s fiscal third-quarter results released late Thursday, although analysts have highlighted strong momentum in the company’s cloud business. The co...