Revenue: $1.35 billion, up 7% year-over-year, slightly above estimates of
Revenue: Reported at $378.6 million, marking a 30% increase year-over-year,
Revenue: Reported Q1 2024 revenue of $1,175 million, a 53% increase
Shares of Amgen (AMGN) are soaring at Thursday's market close after reporting first quarter results, with revenue exceeding expectations. The biotechnology giant's revenue rose by 22% during the quarter. DraftKings (DKNG) also delivered a strong earnings report, surpassing analysts' estimates on both the top and bottom lines. Buoyed by this performance, the company raised its full-year outlook. Live Nation (LYV) topped revenue estimates in its first quarter earnings, although the company...
Coinbase (COIN) delivered strong first-quarter earnings, surpassing Wall Street's estimates on both the top and bottom lines. The cryptocurrency exchange reported revenue of $1.64 billion, beating estimates of $1.32 billion, while its adjusted earnings per share (EPS) stood at $4.40, surpassing the $1.07 projection. To provide insight into Coinbase's results, Kindred Ventures Founder and Managing Partner Steve Jang joins Market Domination Overtime. Jang names the approval of bitcoin ETFs as a...
Shares of Paramount Global (PARA) spiked in the afternoon on Thursday after a report revealed that Sony Pictures and Apollo Global Management (APO) submitted an all-cash $26 billion offer for the company. How did the Paramount get here, and where could it settle on a deal? Yahoo Finance Reporter Alexandra Canal outlines the timeline behind Paramount's journey to a potential deal. For more expert insight and the latest market action, click here to watch this full episode. This post was written by...
Online travel agency Expedia cut its 2024 revenue growth forecast on Thursday, as gross bookings were hit by poor performance in its business-to-consumer segment. Shares of the company were down about 8% after the bell. "Given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full-year guidance to a range of mid- to high-single-digit top line growth with margins relatively in line versus last year," said CEO Peter Kern.
Block (SQ) reported first quarter adjusted earnings per share of $0.85 compared to a $0.71 estimate. Revenue of $5.96 billion was just slightly better than the $5.89 billion estimate. The company also says in its release that it will be investing 10% of its "gross profit from bitcoin products into bitcoin purchases." Block also raised its full-year gross profit and adjusted EBITDA forecasts. Yahoo Finance's Julie Hyman breaks down the financial technology company's quarterly results. For more...
Coinbase posted its second consecutive quarterly profit as crypto trading
Fantasy sports and betting company DraftKings (NASDAQ:DKNG) announced better-than-expected results in Q1 CY2024, with revenue up 52.7% year on year to $1.17 billion. The company's full-year revenue guidance of $4.9 billion at the midpoint also came in 1.7% above analysts' estimates. It made a non-GAAP profit of $0.03 per share, improving from its loss of $0.51 per share in the same quarter last year.
Apple (AAPL) reported its second quarter earnings after the bell on
Payments firms have benefited from a tight labor market and wage growth that has allowed Americans to set aside worries of an economic slowdown and continue spending on travel, shopping and dining out. The company now expects annual adjusted core earnings to be at least $2.76 billion, higher than its previous forecast of $2.63 billion. Block also forecast adjusted core earnings between $670 million and $690 million in the second quarter, compared with analysts' average expectation of $642.2...