Monzo, the British digital challenger bank, made headlines on Monday with the announcement of its first full year of profitability. The fintech startup revealed in its annual financial results that it had managed to achieve pre-tax profits of £15.4 million ($19.6 million) in its 2023-2024 fiscal year. This marked a significant turnaround from the previous
Earnings
Costco Wholesale recently released its third-quarter earnings report, surpassing Wall Street’s expectations. The company experienced a 9.1% year-over-year increase in total revenue, reaching $58.52 billion. Additionally, Costco’s earnings per share for the quarter exceeded analysts’ forecasts, totaling $3.78. Despite a slight decline in stock value following the earnings announcement, Costco’s business model of offering quality
Best Buy recently reported lower-than-expected quarterly sales, adding to its ongoing struggles to meet Wall Street’s expectations. Despite this setback, the company highlighted its higher profits and lower costs as a silver lining to the situation. The decline in consumer electronics demand has been a major contributing factor to Best Buy’s challenges in generating revenue,
Kohl’s, a well-known retail chain, experienced a drastic drop in shares by more than 20% in premarket trading following the revelation of a surprising loss per share in its fiscal first quarter. The company’s performance fell well below the expectations of Wall Street analysts, who were anticipating a slight profit. This unexpected loss sent shockwaves
Abercrombie & Fitch announced its best first quarter results in history, exceeding all expectations. The company reported a 22% increase in sales compared to the previous year, with profits nearly seven times higher than anticipated by Wall Street analysts. Shares remained relatively steady in premarket trading, showcasing confidence in the brand’s performance. The earnings per
The article starts off by highlighting the Nasdaq hitting a record high of over 17,000 points, driven by the impressive performance of Nvidia. The claim is made that investors are potentially selling off other stocks to increase their position in Nvidia due to the company capturing a significant portion of market mindshare. While it is
The CNBC Investing Club with Jim Cramer held its “Morning Meeting” livestream, where they discussed the market rebound after a “really bad day” on Wall Street. The previous session saw a decline in late-day trading as bond yields rose due to good economic data being perceived as bad news. Despite a 9% post-earnings increase in
Nvidia, the renowned chipmaker, recently saw its shares soar past the $1,000 mark in extended trading following the release of its fiscal first-quarter results. These results, which exceeded analyst expectations, have become a reliable indicator for investors looking to gauge the strength of the AI market that has captured the attention of the financial world
E.l.f. Beauty recently announced its first billion-dollar fiscal year, a significant milestone for the company. However, despite the impressive sales spike of 77%, the retailer’s shares took a hit as it revealed that its growth is expected to slow down. The company’s guidance fell short of analysts’ expectations, with earnings per share coming in at
Trump Media, the owner of the Truth Social app, faced a significant setback as its shares plummeted by over 10% following the release of its first-quarter financial results. The company reported a staggering net loss of $327.6 million, despite generating a meager revenue of just $770,500 during the same period. This dismal performance raises concerns