Earnings

Tesla wows on latest numbers

Tesla’s latest quarterly numbers beat analyst expectations on both revenue and earnings per share, bringing in $8.77 billion in revenues for the third quarter. With the report that Tesla had alr

Here’s why Netflix shares are off after reporting earnings

Shares of consumer video service Netflix are down sharply after the bell today, following the company’s Q3 earnings report. Why is Netflix suddenly worth about 5% less than before? A mixed earni

American stocks drop in wake of president’s COVID-19 diagnosis

American stocks are selling in the wake of President Trump, and members of his family and a key staff member, testing positive for COVID-19. The news, which came overnight, is weighing heavily on all

Slack’s earnings detail how COVID-19 is both a help and a hindrance to cloud growth

Slack’s shares are set to fall sharply this morning, down around 16% in pre-market trading. As the company beat analyst expectations last quarter and guided within range, the selloff might feel

Stocks are selling off again, and SaaS shares are taking the biggest lumps

It was just days ago that cries of “stocks only go up,” and “no it makes sense that Tesla is going up because it split” and other bits of unironic stupidity were the only thing

What happens when public SaaS companies don’t meet heightened investor expectations?

Late last week we discussed how, this deep into the earnings cycle, it appeared that public SaaS and cloud companies had largely made it through the Q2 gauntlet unscathed. Sure, through last week ther

Zoom’s Q2 report details some of the most extraordinary growth I’ve ever seen

Many companies have posted the occasional big quarter. These outsized periods may come when a business sells part of itself, or, through some arcane noncash financial hijinks, it posts impressive numb

SaaS stocks survive earnings, keeping the market warm for software startups, exits

We’re on the other end of nearly every single SaaS earnings report that you can name, with the exception of Slack, and shares of software companies are holding onto their year’s gains. Whi

Box benefits from digital transformation as it raises its growth forecast

Box has always been a bit of an enigma for Wall Street, and perhaps for enterprise software in general. Unlike vendors who shifted to the cloud tools like HR, CRM or ERP, Box has been building a way t

How Salesforce beat its own target to reach $20B run rate ahead of schedule

Salesforce launched in 1999, one of the early adherents to what would eventually be called SaaS and cloud computing. On Tuesday, the company reached a huge milestone when it surpassed $5 billion in re

Xiaomi reports 3.1% revenue growth in Q2 despite restricted production in India

Xiaomi reported a revenue of $7.77 billion for the quarter that ended in June this year, up 3.1% since the same period last year and up 7.7% over the previous quarter as the Chinese smartphone maker s

Apple reaches $2 trillion market cap

The broader market melt up has helped buoy shares of Apple to new highs this morning. In early trading today, the market capitalization of the tech industry giant and FAAMG member crossed the $2 trill

Pandemic helped drive Walmart e-commerce sales up 97% in second quarter

Walmart’s investments in e-commerce, including online grocery delivery and pickup, are continuing to pay off for the retailer. In the company’s Q2 earnings, released this morning, Walmart

Despite a difficult Q2 2020, Lyft and Uber reiterate profit promises

Lyft is sticking to its previous target to hit quarterly adjusted profitability by the fourth period of 2021, a milestone it says it can achieve even with fewer rides. The company reiterated its quart

TikTok rival Likee reaches 150M monthly users worldwide

As TikTok’s fate remains in flux, its smaller rival Likee has been making waves around the world, garnering 150 million monthly active users as of this June. That’s according to the earnin

Lyft shares get small bump after reporting 61% Q2 revenue decline

Today after the bell, Lyft reported its second-quarter financial performance. The American ride-hailing company’s results helped illustrate just how much the economy has changed in the wake of C

Tesla announces 5 for 1 share split, rallies 8%

Today after the close of regular trading Tesla, a well-known American electric vehicle company, announced that it intends to split its shares 5 for 1. The split announcement comes after a sharp rally

US gaming industry records another excellent quarter as pandemic fuels sales

The COVID-19 pandemic has utterly decimated a number of industries over the past several months, but the U.S. gaming industry continues to benefit as people continue to be stuck at home. Yet another r

Uber’s delivery business is now larger than ride-hailing

Uber reported its second-quarter earnings Thursday, and buried in the blizzard of less-than-rosy numbers is a stunning figure that illustrates how much the company has changed during the COVID-19 pand

Uber shares drop 4% after it loses more money than expected in Q2

Today after the bell, American ride-hailing giant Uber released its second-quarter results. The company’s revenue fell compared to both the year-ago quarter (Q2 2019), and the sequentially prece
Load More