Facebook parent Meta Platforms is expected to post its biggest drop in daily users and its first decline in revenue as the company struggles to adjust to macroeconomic forces and growing competition f...
Tag: revenue
KO Stock Grows Marginally in Pre-Market as Coca-Cola Q2 2022 Revenue Surpasses Expectations
Based on its Q2 performance, Coca-Cola is now projecting organic revenue growth of 12% to 13%, up from the 7% to 8% it projected earlier. American multinational beverage corporation, Coca-Cola Co (NYS...
Chipotle rises on strong outlook & pricing power despite revenue, same-store sales miss
Chipotle (CMG) reported its fiscal second quarter earnings on Tuesday after market close. The restaurant chain’s same-store sales came in on the lower end of its guidance (and below Wall Street&...
Alphabet earnings miss estimates, ad revenue beats, stock pops
Google parent company Alphabet (GOOG, GOOGL) reported earnings that missed Wall Street estimates after the closing bell on Tuesday. The technology giant said adjusted earnings per share hit $1.21 duri...
Hacker attack on the Italian Revenue Agency
Just yesterday, the Italian Revenue Agency (Agenzia delle Entrate) suffered a cyber attack and hackers demanded a ransom of 5 million euros. Hackers give 5 days to the Italian Revenue Agency It seems...
Biogen tops Q2 2022 earnings and revenue estimates
Biogen Inc (NASDAQ: BIIB) has announced a Q2 2002 revenue of $2.589 billion. GAAP net income was $1.058 billion or $7.24 per diluted share, and non-GAAP net income was $767 million or earnings of $5....
DeFi’s downturn deepens, but protocols with revenue could thrive
Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights — a newsletter crafted to bring you some of the major developments over the last week. This past week, the D...
Snap misses on Q2 revenue, shares plunge 23%
Snapchat parent Snap (SNAP) reported its Q2 earnings after the closing bell on Thursday, missing Wall Street’s expectations and sending shares plunging 23% in after hours trading. Here’s how the...
Freeport-McMoRan misses on profit and revenue amid a ‘precipitous’ fall in copper prices
Shares of Freeport-McMoRan Inc. FCX, +0.58% slipped 0.1% in premarket trading, after the copper and gold miner reported second-quarter profit and revenue that missed expectations, concerns over the gl...
Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue
Nigerian banks are reluctant to promote Nigeria’s low-cost central bank digital currency, e-Naira, due to concerns of losing revenue. E-Naira offers a commission-free alternative to traditional money ...
Goldman Sachs (GS) Shares Jump 4% in Pre-Market as Q2 Result Shows Impressive Revenue
The Q2 report Goldman Sachs posted is arguably one of the best performances when compared with how its core competitors performed in the second quarter. American multinational investment bank and fina...
Citi Beats Estimates With Trading Revenue, Pauses Buybacks
(Bloomberg) — Citigroup Inc. is collecting a windfall from tumultuous international markets, even as a dimming economic outlook and Russia’s invasion of Ukraine pose billions of dollars in risks...
DeFi’s downturn deepens, but protocols with revenue and fee sharing could thrive
At the moment, liquidity is hard to come by, but crypto traders and protocols still need inflow and revenue to remain functional. As the crypto winter drags on, savvy crypto investors have realized th...
Ethereum (ETH) 7D Revenue Stats Are 330 Times Bigger Than Cardano’s (ADA): CryptoRank
Gamza Khanzadaev Cardano (ADA) 7D revenue results leave much to be desired, according to top 10 blockchain ranking Contents How is Cardano (ADA) doing? Polygon (MATIC) has gained momentum CryptoRank e...
Taiwan Semi Boosts Revenue Forecast After Topping Earnings Estimates
Text size Photograph by Sam Yeh/AFP/Getty Images Strong demand from auto makers and consumer goods giants helped Taiwan Semiconductor Manufacturing raise revenue forecasts for the year and beat second...
Jabil’s Unique Expertise And Secular Tailwinds Drive Profit Growth
UKRAINE – 2021/04/23: In this photo illustration, Jabil logo of a US worldwide manufacturing … [+] services company is seen on a smartphone and a pc screen. (Photo Illustration by Pavlo Go...
Global GPU price drops to compensate for falling Bitcoin mining revenue
As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concu...
Bitcoin mining stocks rebound sharply despite a 70% drop in BTC miners’ revenue
Bitcoin (BTC) mining companies have suffered in 2022 due to the crypto bear market. Nonetheless, their stocks collectively saw a sharp rebound on July 6, raising hopes that investors have started to b...
Bitmain, Largest Mining Server Records Revenue Valuation of $8-9 Billion
2 hours ago | 2 mins read Bitcoin News Largest mining server Bitmain made revenue of $8-9 billion. Despite the ban of cryptocurrencies in their country, Bitmain succeeded. Whatsminer, a competitor, al...
Bitcoin Mining Giant Bitmain Closed 2021 With An $8-9 Billion Revenue
Bitmain, the world’s leading manufacturer of digital currency mining servers, is reported to have closed 2021 with a revenue valuation of $8-9 billion as demand for mining equipment surged in the past...
Bitstamp introduces ‘inactivity fee’ to shore up revenue
Crypto exchange Bitstamp has announced it will start charging an inactivity fee of €10 per month from August 1. The fee will not apply to users in the U.S. or those with an account balance of over €20...
How Merged Mining Opens the Way for More Crypto Revenue
The cryptocurrency market has opened a valley of business opportunities, from trading highly volatile assets to mining and releasing them into the open market. The latter is of special interest to us,...
Ethereum [ETH] miners’ revenue check amid ‘Merge’ anticipation
Ethereum has continued to enjoy a fair share of dominance among the altcoins. That goes for miners as well. Ether miners in 2021 earned over $3 billion more than their Bitcoin counterparts. However, t...
Bitcoin Miner Revenue Surpasses Ethereum by More Than $100M; Both Crash to 2022 Lows
Bitcoin and Ethereum miners saw a further decline in revenue as bears from May carried on throughout June and led to sinking prices of both cryptocurrencies. June proved to be the worst month for Ethe...
Bitfarms’ bitcoin mining revenue fell roughly 40% in June
Bitfarms saw its bitcoin mining revenue fall by nearly 40% in June compared to the previous month, while Bitcoin lost about a third of its value. Mining revenues are based on current Bitcoin prices, w...
‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 crushed tech stocks that are still posting white-hot revenue growth
‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 crushed tech stocks that are still posting white-hot revenue growth The market doesn’t seem able to find a bottom. The S&P 500 h...
Las Vegas Strip gambling revenue climbed 11% YoY
Gambling revenues continued to rise on the Las Vegas Strip by 11.62% year-on-year (YoY), reaching $731.5 million. Tourist-dominated markets were up, with local ones slightly down, indicating that pent...
Apple wants to earn recurring revenue from the iPhone: here’s how
It’s been fifteen years since Steve Jobs introduced the world to the first iPhone, but Apple Inc (NASDAQ: AAPL) still has a few tricks up its sleeve to generate recurring revenue from the handse...
Huobi Crypto Expected To Cut Down 30% Of Its Staff Due To Drop In Revenue
Most crypto product and service companies have seen huge revenue drop with the recent trend of events. In addition, the persisting bear market has dealt a devastating blow to several operational activ...