Quarterly

SoftBank’s Vision Fund Surges: Posts First Quarterly Profit in Four Quarters, Beat Analysts’ Expectations

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Tokyo, Japan – SoftBank Group, the Japanese investment firm, has seen a significant surge in its shares following the release of its quarterly earnings report, exceeding analysts’ expectations. The company’s flagship tech investment arm, the Vision Fund, experienced substantial gains, contributing to SoftBank’s first quarterly profit in four quarters. The Vision Fund recorded investment gains of 600.7 billion Japanese yen, marking a significant turnaround after facing record losses in the previous fiscal year. The positive …

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SNAP Stock Tanks Over 30% After Disappointing Quarterly Earnings Report – Is This the End for Snapchat?

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Investors were in for a shock as Snap stock plummeted by over 30% on Wednesday, following disappointing quarterly earnings results from the parent company of Snapchat. With quarterly revenue falling short of street estimates and a projected wider loss in the current quarter, Snap faces a challenging road ahead in regaining investor confidence and completing its turnaround story. The company reported quarterly revenue of $1.36 billion, missing the expected $1.38 billion and marking the sixth …

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Roblox Soars with Record Quarterly Bookings: Losses Per Share Below Expectations

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San Mateo, California – Roblox, a popular video game developer, reported its quarterly earnings, surpassing analyst expectations. The company announced a loss per share of 52 cents, which beat the analyst consensus of 55 cents. Additionally, Roblox reported a revenue of $1.13 billion, exceeding the expected $1.08 billion. The revenue figure includes Roblox’s bookings, which consist of sales recognized during the quarter and deferred revenue. The company generates revenue from the sales of its virtual …

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KFC and Taco Bell Quarterly Sales Disappoint Wall Street Expectations – Yum Brands Reports Dismal Q4 Earnings

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Edmonton, Alberta, Canada – Yum Brands, the parent company of KFC, Taco Bell, and Pizza Hut, reported lower-than-expected sales for the last quarter of 2023. This news comes in the wake of disappointing revenue reports from other global restaurant giants such as Starbucks and McDonald’s, who also fell short of Wall Street’s expectations. Yum Brands’ stock fell by more than 1% in premarket trading following the release of its quarterly earnings report. The company’s fourth-quarter …

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Snap’s Quarterly Report Shows Growth Stunting due to Middle East Conflict and Ad Market Downfall

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SAN FRANCISCO, CA – Snap Inc, the parent company of Snapchat, released its fourth-quarter financial results, reporting on earnings, revenue, user growth, and future expectations. The company exceeded analysts’ expectations for earnings per share, reporting 8 cents per share compared to the expected 6 cents. However, revenue fell slightly below estimates, coming in at $1.36 billion instead of the expected $1.38 billion. Despite this, Snap saw an increase in its Global Daily Active Users, reaching …

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Spotify’s Explosive Growth: Record Premium Subscriber Increase and Quarterly Loss Revealed

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Stockholm, Sweden – Spotify has announced a significant increase in its number of premium subscribers, with a 4% rise in the fourth quarter, bringing the total to 236 million. The company also reported a 5% increase in monthly active users, reaching 602 million. This growth has set new records for the top audio streaming service provider. Despite these positive developments, Spotify faced challenges throughout 2023, including significant layoffs and price hikes. The company saw a …

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Quarterly Results: Eli Lilly’s Zepbound Sales on Fast-Track to Become Biggest Drug of All Time

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Indianapolis, IN – Eli Lilly’s quarterly results have just been released, marking the first time that the company’s sales of Zepbound have been included in the report. Analysts are predicting that Zepbound could generate over a billion dollars in sales in its first year on the market, potentially becoming the biggest drug of all time. The fourth-quarter results for Eli Lilly have exceeded Wall Street’s expectations. Earnings per share came in at $2.49 adjusted, compared …

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Mark Zuckerberg’s Meta Platforms Inc. Commits to $50 Billion Buyback and Quarterly Dividend in Surprising Move

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Meta Platforms Inc. announced its decision to repurchase an additional $50 billion worth of shares and introduce its first-ever quarterly dividend, demonstrating CEO Mark Zuckerberg’s commitment to showcasing the benefits of his investments in the metaverse and artificial intelligence. The social media giant also revealed its robust fourth-quarter results, reporting a 25% increase in sales and a threefold rise in profits, while also projecting revenue growth for the current period that exceeded expectations. The company’s …

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China Expansion & Growth: New Export Orders Drive Quarterly Growth – How Will Policy Change?

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BEIJING – China’s manufacturing sector showed continued expansion in January, marking the third consecutive month of growth, according to a private-sector survey released on Thursday. This expansion was driven by the first upturn in new export orders in seven months, offering a glimmer of hope amid the country’s otherwise patchy economic growth. The Caixin China manufacturing purchasing managers’ index came in at 50.8, matching December’s figure and exceeding economists’ expectations of 50.6. In contrast, the …

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