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A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana topped Wall Street’s top- and bottom-line expectations for the fourth quarter while guiding for another “strong” year in 2025. Carvana, as it has in the past, gave a broad guidance outlook for this year that includes growth in both retail…
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy missed on revenue and gross merchandise sales for the fourth quarter, with the company citing “significant headwinds,” including a pullback in consumer spending. The stock slid more than 10% in morning…
A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images In like a lion, out like a lamb. That’s how restaurant executives envision 2025 after a rough start to the year, largely caused by freezing temperatures, wildfires and consumer caution. Many restaurant chains, like Restaurant Brands’…
Shares of Roku surged 14% Friday, notching a new 52-week high, on earnings that beat Wall Street expectations. In an interview on CNBC’s “Squawk Box,” CEO Anthony Wood said more than half of U.S. broadband households now watch TV with Roku. Wood said the company added more than four million new streaming households during its…
Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls. It marks another quarter of growing pains for the company, which is racing to launch new products and recover from the rapid decline…
Piotr Swat | Lightrocket | Getty Images Shares of AppLovin ripped 30% higher Thursday after the company reported a fourth-quarter earnings beat, causing many analysts to lift their price targets as the stock crossed the $500 mark for the first time ever. The ad tech company said on its earnings call it was divesting its…
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed progress and new products, including its breakthrough Alzheimer’s treatment Leqembi, saw growth. But the biotech company’s…
An employee works at Shopify’s headquarters in Ottawa, Ontario in Canada. Chris Wattie | Reuters Shopify reported better-than-expected sales for the fourth quarter but missed on earnings. The company’s shares closed up 3% on Tuesday. Here’s how the company did: Earnings: 39 cents per share adjusted vs. 43 cents per share expected by LSEG Revenue:…
“So, the moment you remove BFSI, which is the lending piece and the commodities which is again one more raw material input for the basic economic activity, the rest piece is good,” says Krishna Sanghavi, Mahindra Manulife MF.Give us your sense on what the quarter three earnings have been like to you overall even from…
A McDonald’s restaurant in Omaha, Nebraska, on Oct. 23, 2024. Mario Tama | Getty Images McDonald’s is set to report its fourth-quarter earnings before the bell on Monday. Here is what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $2.83 expected Revenue: $6.44 billion expected The fast-food giant…
