Unity Software, a leading gaming software company, faced a significant setback as its shares plummeted by 17% in extended trading following the release of weaker-than-expected guidance for the current quarter. The company reported a loss of 66 cents per share, which was far from the 46 cent loss predicted by analysts. Additionally, the revenue of
Earnings
Zoom shares surged by 13% in after-hours trading on Monday following the announcement of their fiscal fourth-quarter results. The company exceeded analysts’ expectations in several key areas, including earnings per share and revenue. The company reported earnings per share of $1.22, adjusted, compared to the expected $1.15. Additionally, Zoom’s revenue came in at $1.15 billion,
In a surprising turn of events, Southeast Asian ride-hailing giant Grab announced its first-ever profitable quarter, with a net profit of $11 million. This significant achievement marks a stark contrast from the $391 million loss recorded during the same period the previous year. The company attributes this success to various factors, including improved Group adjusted
The European Central Bank recently reported its first annual loss since 2004, amounting to 1.3 billion euros. This loss was primarily due to higher interest rates which resulted in increased interest expenses on key liabilities. Despite this setback, the ECB remains confident in its ability to continue conducting effective monetary policy in the coming years.
Nvidia is set to disclose its fiscal fourth-quarter earnings after the bell on Wednesday, providing Wall Street with insights on the longevity of the AI boom. According to LSEG, formerly Refinitiv, consensus estimates, analysts are expecting earnings per share of $4.64 (adjusted) and revenue of $20.62 billion. The company has been riding high on the
Barclays recently announced a fourth-quarter net loss of £111 million, much to the surprise of analysts who had expected a net profit of £60.95 million. The British lender is entering a phase of extensive strategic overhaul in an attempt to reverse declining profits. In addition to the fourth-quarter loss, the full-year net attributable profit also
Insurance giant Swiss Re has reported a significant upswing in full-year profit, signaling a remarkable turnaround for the company. After a period of challenging years, they have now benefitted from what they describe as an attractive market environment. The Zurich-headquartered company posted a net profit of $3.2 billion for the full-year, marking a staggering 580%
Stellantis, the global auto giant, has recently released its financial report for the second half of 2023, revealing a 10% decline in profit compared to the previous year. This decrease can be attributed to a series of strikes that took place in the “Detroit Three” automakers and caused significant disruptions to production in Stellantis’ North
When Lyft released its earnings for the quarter, the initial reaction from investors was one of excitement. The company’s stock soared by more than 60%, causing a major buzz in the market. However, the excitement quickly turned to disappointment as Lyft’s Chief Financial Officer, Erin Brewer, revealed a major error in the press release. Lyft’s
German travel giant TUI has recently reported a quarterly profit of 6 million euros ($6.46 million), a significant surprise that defies the expectations of the industry. Analyst consensus forecasts predicted a loss of 102 million euros in underlying earnings before interest and taxation (EBIT), making TUI’s swing to profit exceptionally positive news. This impressive turnaround