Category: Revenue
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Dell beats first-quarter revenue estimates as AI boom bolster server demand
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(Reuters) – Dell Technologies beat Wall Street estimates for first-quarter revenue on Thursday, snapping a six-quarter streak of declines, thanks to surging demand for its artificial intelligence-powered servers. The surge in demand for high-performance computing and large-scale data centers to support the growing adoption of generative AI has spurred investments…
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AstraZeneca shares rise as pharma group unveils 2030 revenue target By Investing.com
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Investing.com – UK-listed shares in AstraZeneca (LON:) rose in morning trade on Tuesday after the pharmaceutical giant announced a new revenue target of 2030. In a statement ahead of an investor event touting a “new era of growth,” AstraZeneca said it now expects to achieve total revenues of $80 billion…
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Bridger Aerospace reports record Q1 revenue in 2024 By Investing.com
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Bridger Aerospace (ticker not provided) has reported a record first-quarter revenue of $5.5 million for fiscal 2024, a significant increase from the $365,000 in the same quarter of the previous year. This increase was attributed to the early deployment of Super Scooper and surveillance aircraft to Texas and Oklahoma. Despite…
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Teknova sees modest revenue growth in Q1 2024 By Investing.com
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Teknova (Ticker: TKNO), a provider of clinical and lab solutions, has reported a 2% year-over-year increase in revenue for the first quarter of 2024, marking a solid start to the year. The company’s revenue also showed an 18% sequential improvement from the fourth quarter of 2023. This performance is attributed…
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BuzzFeed reports Q1 revenue decline, eyes AI for growth By Investing.com
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BuzzFeed Inc. (BZFD) has disclosed its financial results for the first quarter of 2024, revealing a revenue decrease of 18% year-over-year to $44.8 million. Despite the overall downturn, the company has seen a rise in programmatic advertising revenues and is focusing on artificial intelligence (AI) to enhance audience engagement and…
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Leatt reported a 19% decrease in total global revenue By Investing.com
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Leatt Corporation (TICKER: LEAT), known for its protective gear in the cycling and motorcycle industry, reported a mixed first quarter for 2024, with a 19% decrease in total global revenues compared to the same period last year. The company witnessed a decline in sales to global distributors but saw an…
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Robinhood Crypto Revenue Triples Amid SEC Crackdown
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The popular millennial trading platform released its earnings report on May 8, beating analysts’ estimates. According to the first quarter resultsRobinhood reported record revenue of $618 million, up 40% year over year. Additionally, revenue from cryptocurrencies rose 232% to $126 million. “Transaction-based revenue increased 59% year-over-year to $329 million, primarily…
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Global Crossing Airlines reports strong revenue growth By Investing.com
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Global Crossing Airlines (JET:NASDAQ) has announced a significant uptick in its financial performance for the first quarter of 2024, with a 67% increase in revenue to $53.8 million and a 16-fold rise in EBITDA year-over-year. Despite this growth, the company reported a net loss of $6.3 million and ended the…
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Robinhood’s Q1 Crypto Revenue Triples
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Although Robinhood (Nasdaq: HOOD) faces potential regulatory setbacks, its revenue from cryptocurrency trading in the first three months of 2024 jumped 232 percent to $126 million. The increase was driven by virtual cryptocurrency trading volume in the quarter, which reached $36 billion, 224 percent higher. Encryption is king The US…
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Teva loss narrows as revenue grows
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With the recovery of the generic drug market in the United States Teva Pharmaceutical Industries Limited (New York Stock Exchange: Tifa; level: Tifa) It ended the first quarter of 2024 with revenues of $3.81 billion, an increase of 4.3% from the first quarter of 2023, and above analysts’ expectations of…
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Emerson shares inch up on earnings, revenue beat By Investing.com
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street. LOUIS – Emerson Electric Company (NYSE: NYSE:) reported stronger-than-expected second-quarter performance, with adjusted earnings per share (EPS) and revenue beating analysts’ expectations. EMR shares rose 0.9% in pre-market trading. The company reported second-quarter adjusted EPS of $1.36, which beat analysts’ estimates of $1.25. Revenue also beat expectations, coming in…
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Beats On Revenue But Stock Drops By Stock Story
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Audio technology company Sonos (NASDAQ:) reported better-than-expected results in the first quarter of fiscal 2024, with revenue falling 16.9% year over year to $252.7 million. The company expects full-year revenues to be about $1.65 billion, in line with analyst estimates. It had a non-GAAP loss of $0.34 per share, down…
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Coinbase Q1 Revenue Hit $1.6 Billion Amid ETF Approvals, Surging 72%
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Coinbase, the largest cryptocurrency exchange in the United States, released its earnings report for the first quarter of 2024, reporting total revenue of $1.6 billion, an increase of 72% quarter-over-quarter. The performance was driven by rising crypto asset prices and the launch of spot bitcoin ETFs in the US which…
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Quanta Services Non-GAAP EPS of $1.41 beats by $0.12, revenue of $5.03B beats by $90M (NYSE:PWR)
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Quanta Services press release (New York Stock Exchange: BWR): Non-GAAP Q1 EPS of $1.41 It outperforms by $0.12. Revenue $5.03 billion (+13.5% YoY) It exceeds $90 million. The remaining performance obligations are $14.9 billion and the total backlog is $29.9 billion For the full year ending December 31, 2024, Quanta…
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Treasury slashes budget by Sh267bn on revenue shortfall
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The Treasury has cut the 2024/25 budget by Sh267.5 billion to reflect the reality of weak revenues amid ballooning public debt. Total spending and net lending for the financial year starting July 1 is now estimated at Sh3.92 trillion, down from the previous forecast of Sh4.188 trillion. The lower budget…
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FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
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Compagnie Financière Tradition (SWX: CFT), an inter-dealer broker and Japanese retail forex trading platform operator, boosted its revenues for the first three months of 2024 on a constant currency basis but saw a decline when viewed on a current exchange rate basis. . Another quarter ends According to official figures…
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Mastercard shares slide on Q1 revenue miss, updated guidance By Investing.com
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Mastercard (NYSE:) shares opened lower on Wednesday after the company printed its fiscal first quarter, reporting worse-than-expected revenue and operating margin. The payments processing giant reported first-quarter earnings per share (EPS) of $3.31, ahead of consensus estimates of $3.24. However, the company’s revenue of $6.3 billion is slightly lower than…