Shares of SmileDirectClub  dropped on Tuesday, followed by second quarter results that came in lower than expected by analysts.

The teledentistry company’s second-quarter net loss of -14 cents a share was wider than the -12 cents a share anticipated by analysts surveyed by FactSet.FactSet's poll reveals analysts’ expectation of $783.4 million.

Sunrun  posted a wider-than-expected second-quarter net loss even as revenue surged more than 100% year-over-year.

The provider of solar panels reported a quarterly loss of  -20 cents a share, wider than the -11 cents a share in the year-ago quarter.FactSet had a consensus expectation-8 cents a share and - 13 cents a share for adjusted loss.

Revenue rose to $401.2 million, more than double the year-ago quarter’s $181.3 million.

Sunrun named Mary Powell as its next CEO.

Analysts polled by FactSet expected adjusted earnings of 24 cents a share.

Revenue surged +70% year-over-year to $1.31 billion in the quarter, surpassing analysts’ estimate of  $1.28 billion.Zillow’s revenue from the Internet, Media & Technology segment came in at $476.1 million (vs. $280 million a year ago, and compared to analysts’ expected $467 million); revenue from  for its core Premier Agent offering for professionals was $348.8 million (vs. $192 million a year-ago, and compared to analysts’ expected $345 million).

The company’s revenue from its Homes segment was $777.1 million (vs. $454.3 million in the same quarter last year, and $751 million expected by analysts polled by Factset).

Lyft reported a narrower second-quarter loss, compared to a year-ago.

The ride-hailing company’s quarterly net loss narrowed to -76 cents a share from -$1.41 a share in the year-earlier quarter.

Revenue more than doubled from the year-ago period to reach $765 million in the quarter.As of June-end, Lyft had 17.1 million active riders, vs. 8.7 million a year earlier.

Last month, Lyft announced a collaboration with Argo AI and Ford to launch at least 1,000 self-driving vehicles in various US cities over the next five years, beginning with Miami and Austin.

Revenue, however, beat expectations.

The online  dating service conglomerate, posted second-quarter earnings of 46 cents a share, compared to the 49 cents a share expected by analysts polled by FactSet.The figure, however, is higher than  36 cents a share during COVID-19 pandemic-induced depression in the year-ago quarter.

Revenue climbed +27% year-over-year to $707.76 million, also exceeding analysts’ forecast of $693.5 million.

Chief Executive Shar Dubey continues to be optimistic about momentum while entering the second half of the year.

Micron Technology Inc. will pay a dividend of 10 cents a share, beginning October.

The semiconductor company’s  first dividend payout is scheduled for Oct. 18 for shareholders of record as of the close of business on Oct. 1.

“Micron’s remarkable transformation over the last several years has put the company in an outstanding position, with technology leadership, a robust product portfolio, enhanced profitability, and a strong, investment grade balance sheet,” Chief Executive Sanjay Mehrotra said in a statement.According to Mehrotra, a common stock dividend indicates confidence in Micron's future and a “commitment to creating compelling value for shareholders.”

The company’s  most recent quarterly report reveals that it has bought back $4 billion in stock and retired 90 million shares at an average price of $42 per share in a program that began in May 2018.

Shares of the company were at $56.65 as of Monday close.

Citron indicated that "simplicity” has become the key to gaining share in the small and medium sized business market."  According to Citron, while Amazon Web Services sells a product that is expensive and “very difficult to use”, DigitalOcean, like Shopify has created an “easy solution” for SMBs.

SolarEdge Technologies, Inc.  posted its second quarter earnings that surpassed analysts’ expectations.

The solar power equipment maker’s non-GAAP earnings came in at $1.28 per share, compared to analysts’ estimate of 89 cents a share (based on FactSet survey).Earnings in the year-ago quarter were 70 cents a share.

Revenue increased to $480.1 million in the quarter vs. year-ago quarter’s $331.9 million.

CEO Zvi Lando mentioned “record revenues” in both solar and non-solar businesses, and continued solid demand in various geographies and across the different segments.

SolarEdge expects third-quarter revenues in the range of $520 million to $540 million.

Under the agreement, Zoom will  pay $85 million and improve its privacy practices.

In April 2020, a class action lawsuit filed in the U.S. District Court for the Northern District of California alleged that Zoom violated user privacy by sharing personal data with Facebook, LinkedIn and Google .( Zoombombing is a practice of hackers displaying inappropriate content such as pornography, during Zoom meetings).

Under the terms of the lawsuit settlement, subscribers would be entitled to 15% refunds on their subscriptions or $25, whichever is the bigger amount.

The telecom giant also  reported a record-high figure for new broadband subscribers for the quarter.

The company’s adjusted earnings for the quarter came in at 84 cents, compared to the  67 cents expected by analysts polled by Refinitiv.

Revenue of $28.55 billion also beat the  $27.18 billion expected by analysts per the Refinitiv survey.

Comcast garnered 354,000 net new high-speed internet customers, vs. 270,000 net adds expected in a StreetAccount survey.The net adds were its highest ever for a second-quarter performance, according to the company.

Revenue from Comcast’s cable revenue business rose +10.9% year-over-year to $16 billion.

Media business increased +25.7% to $5.1 billion.

Atlassian Corp. posted fourth-quarter results that exceeded analysts’ expectations.

The software company incurred a fiscal fourth-quarter loss of - 85 cents per share, compared with a loss of $- $1.56 per share a year ago.

Adjusted earnings for the quarter came in at 24 cents per share, surpassing analyst estimates of 18 cents per share.

Revenue of  $559.5 million also topped analysts’ expectations of $471.6 million.The figure is also higher than the year-ago quarter’s $430.5 million.

For the first quarter, Atlassian is expecting adjusted earnings between 38 cents and 39 cents per share, compared to analysts’ forecast of  30 cents per share.

Energy & Transportation business rose +20% to $4.98 billion, exceeding analysts’ expectations of $4.42 billion.Revenue from the Resource Industries segment increased +41% to $2.58 billion, beating expectations of $2.27 billion

Exxon Mobil  reported second quarter earnings that surpassed analysts’ expectations, thanks to global oil price surge-driven boost to revenue.

The oil behemoth’s adjusted earnings for the three months ending in June came in at $1.10 per share, compared to a -70 cents per share loss from the year-ago quarter.It exceeded consensus forecast by +12 cents.

Revenues rose +107% year-over-year to $67.75 billion, well above analysts' estimates of $65.6 billion.

West Texas Intermediate crude prices traded between $63 and $75 per barrel over the three months ending in June - around +300% higher than the pandemic-induced troughs over the same period last year.

Moody's second-quarter  adjusted earnings rose +15% from the year-ago quarter to $3.22 per share, which handily surpassed Zacks Consensus Estimate of $2.76.

Revenues grew +8% from the year-ago quarter to $1.55 billion, above Zacks Consensus Estimate of $1.49 billion.Foreign currency tailwinds  impacted the top line by 3%.

The company experienced tailwinds in the form of bond issuance volume, that bolstered revenue growth.

Gilead Sciences’ quarterly adjusted earnings came in at $1.87 per share for the quarter ended June, surpassing Zacks Consensus Estimate of $1.76 per share.It was $1.11 per share in the year-ago quarter.

The biopharma company has exceeded consensus EPS estimates four times over the last four quarters.

Gilead’s revenues were $6.22 billion, beating the Zacks Consensus Estimate by 1.14%.

Amazon reported its first revenue miss in three years, despite an earnings beat for the quarter.

The e-commerce behemoth’s adjusted earnings for the second quarter came in at $15.12, exceeding analysts’ expectations of  $12.30 per share.

Revenue grew +27% from the year-ago quarter to $113.08 billion; but it fell short of analysts’ estimate of $115.2 billion .Amazon CFO Brian Olsavsky cited tough year-over-year comparisons --in mid-May of last year, Amazon’s growth rates surged to between 35% to 45%, he said.

Looking ahead, Amazon expects sales to range between $106 billion and $112 billion for the third quarter, implying year-over-year growth of 10% to 16%.

Iterum Therapeutics plc  said that it will not get approval for the current form of its new drug application for oral sulopenem.

According to the Food and Drug Administration (FDA), additional data are required and the company should conduct at least one more well-controlled clinical trial for its treatment of adult women with uncomplicated urinary tract infections.FDA mentioned that it is willing to work with Iterum on the design of clinical trials in order to address the issues the FDA identified.

However, Iterum CEO Corey Fishman  said the company is “disappointed in this outcome and believe that the data package submitted was adequate for the approval of oral sulopenem,” .

Shares of Zoom Video Communications  rose on Monday, after Bank of America made the stock its top pick following its deal to buy Five9.

Analyst Daniel Bartus said that Zoom and Five9 together would be the “strongest UCaaS/CCaaS (unified communications as a service/contact center as a service)  combination” in the market.

"While it is early for enterprises to consider UCaaS and CCaaS together, we believe the trend of bundling is increasing and the long-term value of integrating both technologies is attractive," Bartus noted.

Last week, Zoom announced the purchase of Five9 for just under $15 billion.Under the terms of the deal, investors in Five9 will get 0.55 of a Zoom share for each of their holdings, which represents a 12.8% premium to their Friday closing price and a 23 times multiple to Five9's projected 2022 sales of $650 million.

Tesla reported its second quarter earnings after the bell on Monday.The electric carmaker crushed analysts’ expectations for the quarter, even as CEO Elon Musk warned against global chip shortage.

The company’s adjusted earnings for the quarter surged +230% from the year-ago quarter to $1.45, compared to the 98 cents per share expected by analysts polled by Refinitiv.

Revenue grew +98% year-over-year to a record $11.96 billion in the quarter, also exceeding analysts’ estimate of $11.30 billion.

Tesla’s overall automotive revenue came in at $10.21 billion, of which about 3.5%  came from sales of regulatory credits.

Twitter  CEO Jack Dorsey confirmed to investors that Bitcoin will be a “big part” of the company’s future.

Dorsey also emphasized that Bitcoin would have a major role in the company’s future plans on boosting decentralized finance and payments.

Last week, payments services company Square  said that it is building a new business focused on “decentralized financial services” using Bitcoin.

Earlier this year, Dorsey formed a $23.6 million Bitcoin fund with Jay Z and also bought a majority stake in Jay-Z’s TIDAL music service, reflecting his interest in applying blockchain technologies in the music business.

Previous
318 of 524
Next