Category: Revenue
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HF profit rises 46pc on higher transaction revenue
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HF Group reported a 46.3 percent rise in net profit to Sh266.2 million in the first half of the year ended June on the back of higher revenue from transactions and lending. Profits rose from Sh181.9 million in the previous year. The bank’s profit increase was driven by improved income,…
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HF profit rises 46pc on higher transaction revenue
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HF Group reported a 46.3 percent rise in net profit to Sh266.2 million in the first half of the year ended June on the back of higher revenue from transactions and lending. Profits rose from Sh181.9 million in the previous year. The bank’s profit increase was driven by improved income,…
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Wolfspeed forecasts weak first-quarter revenue on manufacturing issues
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(Reuters) – Wolfspeed Corp on Wednesday forecast lower-than-expected first-quarter revenue, anticipating manufacturing issues that could impact its production capacity amid slowing sales of electric vehicles. However, shares of the chipmaker rose about 6% in extended trading, as CEO Greg Lowe said the company continues to see strong growth from its…
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XPeng projects lower-than-expected Q3 revenue on stiff competition By Reuters
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(Reuters) – China’s Xpeng Inc (NYSE:XP) forecast third-quarter revenue below expectations and missed second-quarter sales estimates on Tuesday, hurt by stiff competition and weaker demand for its aging lineup of expensive electric vehicles. The company, however, expects to deliver between 41,000 and 45,000 vehicles in the third quarter, slightly more…
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Mercari reports record-high revenue in FY’24, eyes growth By Investing.com
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Mercari, Inc. (4385.T), the popular online marketplace operator, has reported a record-high consolidated revenue and core operating profit for the fiscal year 2024. CEO Shintaro Yamada and CFO Sayaka Eda shared the company’s financial achievements and strategic outlook, highlighting a 9% year-on-year revenue growth and a core operating profit of…
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Evolent Health reports revenue growth and strategic acquisitions By Investing.com
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Evolent Health, Inc. (NYSE: NYSE:), a healthcare company that provides an end-to-end value-based care delivery platform, announced in its second-quarter earnings call that it has achieved revenue growth and is on track to meet its profitability targets for 2024. The company also detailed its strategic acquisition of Machinify Technology and…
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Warby Parker shares gain 3% on revenue beat, raised outlook By Investing.com
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NEW YORK — Warby Parker Inc. (NYSE: WRBY) shares jumped 3.7% after the eyewear retailer reported better-than-expected second-quarter revenue and raised its full-year outlook. The company reported second-quarter revenue of $188.2 million, beating analysts’ estimates of $187.04 million and up 13.3% year over year. However, Warby Parker reported a loss…
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Siemens Non-GAAP EPS of €2.66, revenue of €18.9B; reaffirms FY24 outlook
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Siemens press release (OTCPK:SIEGY): Q3 non-GAAP EPS of €2.66. Revenue amounted to €18.9 billion (+4.2% year-on-year). Third-quarter revenue increased by 5% on a like-for-like basis. On a nominal basis, revenues rose 4% to €18.9 billion; orders fell 16% to €19.8 billion, but outpaced revenues by a book-to-bill ratio of €1.2…
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Walt Disney warns theme park revenue to fall, profit slips By Reuters
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By Dawn Chmielowski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co forecast a “moderation in demand” for its theme park business in the coming quarters, overshadowing the success of Pixar’s animated film “Inside Out 2” and the company’s television business. The company’s shares fell 1.1% on Wednesday after…
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Jacobs beats Q2 revenue estimates on steady demand in infrastructure business By Reuters
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(Reuters) – Engineering consultancy Jacobs Solutions Inc beat third-quarter revenue estimates on Tuesday, helped by continued demand at its infrastructure services unit. The People & Places Solutions (P&PS) segment, which provides architecture, energy transformation and other technology services, benefited from the US government’s $1 trillion infrastructure bill, as well as…
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Bayer AG Non-GAAP EPS of €0.94, revenue of €11.14B; reaffirms FY24 outlook
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Bayer AG press release (OTCPK:BAYZF): Q2 non-GAAP EPS of €0.94. Revenue of €11.14 billion (+0.9% year-on-year). EBITDA before special items decreased to €2.1 billion (-16.5%), impacted by adverse currency movements. Free cash flow is €1.3 billion. Net operating cash flow in Q2 2024 amounted to EUR 2,410 million (Q2 2023:…
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Vericel reports strong Q2 with record revenue growth By Investing.com
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Vericel Corporation (NASDAQ:) has announced robust financial results for the second quarter of 2024, achieving a record revenue of nearly $53 million. This performance was driven by significant growth in their MACI product and solid demand for NexoBrid. The company has seen an expansion in gross margin and a substantial…
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Amazon stock tumbles 8% as profit, revenue outlook disappoints
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Amazon (AMZN) stock fell 8% in afternoon trading Friday after the retail and cloud giant delivered current-quarter forecasts on Thursday that missed expectations on both the top and bottom lines. The disappointing returns were compounded by a weak July jobs report, which sent the tech world and the broader market…
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Moderna cuts 2024 sales forecast, sees low EU vaccine revenue into 2026 By Reuters
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By Patrick Wingrove and Leroy Liu (Reuters) – Moderna Inc on Thursday cut its 2024 sales forecast for its COVID-19 and respiratory syncytial virus vaccines by about 25%, or $1 billion, due to lower COVID sales to the European Union that it expects to continue through 2026. Shares of the…
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Hertz stock falls 7% on wider-than-expected Q2 loss, revenue miss By Investing.com
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Hertz Global Holdings (OTC:), Inc. (HTZ) announced its financial results for the second quarter of 2024 on August 1, 2024. HTZ reported revenue of $2.4 billion in the second quarter, slightly below analyst estimates of $2.47 billion. This represents a 3% increase year-over-year compared to $2.437 billion in the second…
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GMX proposal to change revenue model proceeds to on-chain vote stage
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GMX, an on-chain, permanent spot exchange, has announced that a proposal to change the platform’s revenue distribution model has entered the on-chain voting phase. According to advertisement On July 31, the new revenue distribution model aims to boost the long-term value of the GMX token (GMX). Currently, the DEX protocol…
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GMX proposal to change revenue model proceeds to on-chain vote stage
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GMX, an on-chain, permanent spot exchange, has announced that a proposal to change the platform’s revenue distribution model has entered the on-chain voting phase. According to advertisement On July 31, the new revenue distribution model aims to boost the long-term value of the GMX token (GMX). Currently, the DEX protocol…
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State eyes Sh20bn cut in equitable revenue share for counties
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The government is targeting to deduct Sh20.12 billion from the funds allocated to counties as a fair share of revenue collected nationally in the current financial year following the rejection of the 2024 Finance Bill. The planned reduction involves a proposed amendment to the Revenue Sharing Act 2024, which will…
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Newmont reports $4.4 billion in revenue By Investing.com
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Newmont Corporation (NYSE: NEM), one of the world’s leading gold producers, reported robust operational and financial results for the second quarter of 2024. The company’s focus on safety, sustainability, and strategic asset management has paid off with a reported $4.4 billion in revenue and an average realized gold price of…