Coinbase says that if more user activity moves to layer 2s and those blockchains need their own tokens to enable transactions, that could reduce the staking yields to Ethereum validators , cutting the...
Tag: revenue
Nvidia Stock Sinks as Revenue Estimate Misses, Gross Margin Outlook Slashed
Text size Nvidia stock has declined 10% this year, while the Nasdaq Composite has fallen 18%. Justin Sullivan/Getty Images Nvidia shares plunged after the chip manufacturer shared preliminary financia...
Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading
In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax deep...
Nvidia stock tumbles after company says revenue fell way shy of expectations
Shares of Nvidia Corp. were tumbling more than 5% in morning trading Monday after the semiconductor company disclosed that it expects to fall well short of revenue expectations for its latest quarter,...
Tiffany & Co.’s 250 NFTiffs Sold Out, Generates nearly $13M in Revenue
Passes for physical copies of Tiffany & Co.’s debut 250 non-fungible tokens (NFTs) were sold out in about 20 minutes last Friday for 30 ether (ETH) each or about $50,000. The sale generated ...
Is Advertising the Next Big Revenue Generator? Analyst Weighs In
The Apple (AAPL) empire might be spearheaded by its flagship product, the iPhone, but along with plenty of other hardware offerings, its Services segment has been growing at a fast pace. There’s also ...
Block Inc. Lowers Sights as Revenue from Bitcoin Drops
Payments firm Block Inc has said it will slow hiring and lower its 2022 investment target by $250 million after announcing its second quarter financial results. Block reported a second-quarter loss of...
Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Former Twitter CEO Jack Dorsey’s digital payments firm Block Inc. saw its year-on-year (YoY) profits soar 29% to $1.47 billion in Q2, though its Bitcoin (BTC) business slumped on decreased customer de...
Canopy Growth swings to big loss as revenue falls 19%
Canopy Growth Corp. CGC, -8.48% WEED, -6.91% shares fell 6% in premarket trades Friday after the company said it lost C$2.08 billion ($1.61 billion), or $5.23 a share in its fiscal first quarter, comp...
Block Q2 Bitcoin Revenue Down 6% YOY Due to BTC Slump Block Inc.’s Q2 Revenue is down 6% YOY to $4.40 Billion over BTC Slump
American digital payments company Block Inc.’s second-quarter (Q2) revenue dropped by 6% year-over-year (YOY) to $4.4 billion. Although the numbers still topped Wall Street’s expectations of $4.35 bil...
Cloudflare stock rallies 25% following earnings beat, raised revenue outlook
Cloudflare Inc. shares surged in the extended session Thursday after the cybersecurity company reported results that topped Wall Street expectations and hiked its revenue outlook for the year. Cloudfl...
Block reports 34% drop in Cash App bitcoin revenue, takes $36 million charge in Q2
Payments company Block (SQ) announced second quarter results Thursday that showed bitcoin revenue from its Cash App product fell 34% to $1.79 billion, with the company taking a $36 million charge on i...
FTNT Stock Falls On Weaker-Than-Expected Revenue Outlook For Fortinet Stock
Fortinet stock retreated on mixed September quarter guidance, though second-quarter earnings, revenue and billings topped analyst estimates. The size of the Q2 beat for FTNT stock disappointed some in...
Portillo’s Posts Jump in Second Quarter Revenue on New Locations, Same-Store Sales
By Daniella Parra Chicago-style restaurant chain Portillo’s Inc. reported a 7% rise in second-quarter revenue, driven by both new location additions and higher same-store sales. Same-store sales gre...
PayPal pops post-market as Elliott confirms stake, revenue, EPS beat expectations
PayPal surged nearly 13% after the close after reporting a $2 billion stake by Elliott Investment Management and transaction revenue of $6.27 billion, up 8% from the year earlier. “As one of Pay...
SolarEdge Stock Drops As Revenue Falls Short
SolarEdge stock plummeted Wednesday on the heels of second-quarter results that missed Wall Street revenue estimates but beat on earnings. X SolarEdge (SEDG), which makes solar-power equipment, late T...
‘Where Is the Revenue?’ Helium Investors Inquire
Helium only generated $6,651 of revenue from its wireless network data in June Revenue is “not designed to be turned on right now. You’re building the infrastructure first,” a Helium venture capital b...
AMD stock slips as revenue forecast dips below Street consensus
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, topping Street expe...
SoFi stock gains after earnings as revenue beats and losses shrink
Shares of SoFi Inc. were up nearly 3% in after-hours trading Tuesday after the company beat expectations with its latest results and delivered an upbeat earnings forecast for the current quarter. The ...
Marriott stock rises after announcing revenue growth and strong travel outlook
Marriott International (NASDAQ: MAR) stock started the day in the green after the company announced it had beat earnings estimates for its second quarter. The hotel operator saw Q2 revenues accelerat...
Uber revenue up 105% year-over-year as its stock explodes to the upside
Uber Technologies (NYSE: UBER) surged more than 13% in premarket trading after releasing its earnings report on August 2. The reported earnings topped expectations on Wall Street, as the firm now gene...
Ethereum Miner Revenue Surpassed Bitcoin in July; Both Drop Below $600 Million
Ethereum and Bitcoin miners saw a further decline in revenue during the month of July as prices of both digital assets failed to reach new highs. July proved to be the worst month for Bitcoin miners ...
Binance CEO Deny Reports That Exchange Lost Billions in Revenue And 90% of Users After Implementing KYC
– Advertisement – Reports that Binance lost billions of dollars in revenue and 90 percent of its users after adopting KYC are false, according to Binance CEO Changpeng Zhao (CZ). Binance...
Binance loses 90% of users after implementing KYC, losing billions in revenue
One of the world’s largest cryptocurrency exchanges, Binance, like most of its counterparts, has to face the challenges of money laundering, terrorist financing, and bad press. Three of the most senio...
Amazon: $121 billion revenue in Q2 2022
Amazon, the e-commerce giant, hits its second-quarter 2022 results by managing to achieve revenues of $121.23 billion, up from the $119.09 billion expected. It thus registers a driving performance in ...
Critique on Helium’s $6.5K monthly revenue causes a stir
A recent critique from author and entrepreneur Liron Shapira on the Helium blockchain project has caused a strong debate over the long-term prospects of the company. Founded in 2013, Helium is an Inte...
Amazon Stock Jumps As Revenue Tops Estimates
Amazon (AMZN) reported second-quarter results late Thursday that beat estimates on revenue but missed on earnings. Amazon stock jumped on the news. X The e-commerce giant reported an adjusted loss of ...
Apple reports record revenue of $83B amid high inflation
Apple (AAPL) released its Q3 earnings on Thursday, beating analysts’ expectations with record revenue of $83 billion despite fears of rising inflation. Here are the most important numbers from t...
Tilray swings to loss on impairment charge but revenue beats analyst target
Tilray Brands Inc. TLRY, +6.44% shares fell 1.5% in premarket trades Thursday after the cannabis company said it swung to a fourth-quarter loss of $457.8 million, or 90 cents a share, from net income ...
Alphabet Posts Q2 2022 Report, Misses on Earnings & Revenue
Multinational tech company Alphabet has posted its Q2 2022 report which shows a 13% slowdown in revenue growth. Google‘s parent Alphabet Inc (NASDAQ: GOOGL) recently posted its Q2 2022 report showing ...