Microsoft’s disclosures about how corporate tech spending is shaping up in 2023 will get close attention as the software giant reports on Tuesday afternoon. Among analysts polled by FactSet, the conse...
Tag: secondquarter
Smuckers hits a five-year high following its second-quarter earnings
J.M. Smucker Co. (NYSE: SJM) is trading near a six-year high on Monday after the food and beverage company reported market-beating results for its second financial quarter. Highlights from CEO’s inter...
Nio reports wider second-quarter loss despite increase in EV shipments
Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio had a loss of $409...
Dick’s Sporting Goods announces second-quarter financials
DICK’S Sporting Goods (NYSE: DKS) is known for creating both excitement and confidence by personally equipping its sportspeople to achieve all their goals and dreams, this top-in-class omnichannel cor...
Kohl’s stock drops after announcing second-quarter financials
Kohl’s (NYSE: KSS) reported a $1.11 EPS in the second quarter of the 2022 financial year, which was $0.01 less than the $1.12 analyst estimate. In the same quarter, the company recorded tot...
Bitcoin miner Bitfarms reports $142 million second-quarter net loss
Bitcoin miner Bitfarms posted a net loss of $142 million in the second quarter, down from a net income of $5 million last quarter. The company also increased its hash rate by 33% during the quarter to...
Illumina Stock Crashes As Covid, China Hammer Second-Quarter Results
Illumina stock crashed Friday after the DNA sequencer broadly lagged Wall Street’s quarterly forecasts and slashed its outlook for the year. X The struggles stem from macro challenges, Canaccord...
Bitcoin miner Hut 8 reports $69 million second-quarter net loss
Bitcoin miner Hut 8 reported a net loss of C$88.1 million (about $69 million) and a 17.8% decline in revenue to C$43.9 ($34.3 million) in the second quarter of 2022. The company’s financial resu...
Match Group is down 20% after announcing second-quarter financials
Match Group (NASDAQ: MTCH) stock dropped 20% after recording a second-quarter EPS of 11c, which is 68c less than the 57c analyst estimate. Total revenue in the same quarter came to $794.5 million, whi...
Coinbase Rises ahead of Second-quarter Earnings Report
Shares of cryptocurrency exchange Coinbase have been rising recently this week, although they are still down nearly 70% from the beginning of 2022. Coinbase shares rose 10% on Thursday after BlackRock...
CoinShares reveals loss in second-quarter earnings driven in part by UST collapse
Digital asset manager CoinShares reported losses in the second quarter as the firm suffered over $21 million in losses following the de-pegging and subsequent collapse of TerraUSD (UST). Adjusted earn...
U.S. Enters Recession Territory With Second-Quarter GDP Falling 0.9%
Key Takeaways The U.S. second-quarter Gross domestic Product growth has come in at -0.9%. The latest data shows a second consecutive quarterly contraction, meaning the U.S. economy is technically in a...
American Express stock is up 6% after announcing second-quarter results
American Express Co. (NYSE: AXP) stock went up 6% after announcing its financial results for the second quarter of 2022. The company recorded a %2 billion net income, or $2.57 per share, in the quarte...
China’s Second-Quarter GDP Growth Plunges To Less Than 1% On Covid Hit
Health workers in protective gear walk out from a cordoned area after spraying disinfectant in Shanghai’s Huangpu district on January 27, 2021. STR/AFP via Getty Images China’s economic growth s...
Carnival Stock Surges as Second-Quarter Revenue Rises Sharply
Text size A large Carnival cruise ship docked at port in turquoise blue water. Dreamstine Shares of Carnival were rising Friday after the cruise line posted second-quarter revenue that rose sharply fr...
TSR Inc spikes 20% after announcing record second-quarter financial
TSR, Inc. (NASDAQ: TSRI), a company that provides recruiting services and technology consulting, shot up 20% after it announced its record-breaking second-quarter financials for 2021 In this particul...
Rivian shares rise on second-quarter results: ‘The ball is finally rolling’ for the EV maker, says analyst
Shares of Rivian Automotive Inc. RIVN, -0.13% gained more than 3% in morning trading Friday, as analysts were generally upbeat about the electric vehicle maker’s second-quarter results. Late Thursday,...