Author: niveditha

Roblox (NYSE: RBLX) announced its second-quarter results on Monday, after the market closed. Revenue was up 127% to $454.1 Million; Bookings Increased by 35% to $665.5 Million; and Net Cash from Operations were up 64% to $191.2 million. Second Quarter 2021 Financial Highlights Revenue increased 127% over Q2 2020 to $454.1 millionNet Loss for Q2 2021 was $140.1 millionNet cash provided by operating activities increased 64% over Q2 2020 to $191.2 millionBookings increased 35% over Q2 2020 to $665.5 millionFree Cash Flow increased more than 70% over Q2 2020 to $168.0 millionAverage Daily Active Users (DAUs) were 43.2 million, an…

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The prices of popular cryptocurrencies gained slightly on Monday after rallying steadily during the weekend. Bitcoin, the world’s most popular cryptocurrency, was trading strong at over $47,500, up 3.54 % at 7.32 am EDT. Bitcoin has a current market cap of $892.60 billion and has gained nearly 8 % in the past seven days. The crypto market cap surpassed $2 Trillion for the first time since mid-May, with bitcoin leading the rally, according to CoinMarketCap data. Further, the total crypto market volume over the last 24 hours is $115.06B, which makes a 9% increase.     Other cryptocurrencies have maintained a positive momentum since last week, including…

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The U.S. dollar rallied higher against a basket of currencies on Thursday after data showed producer prices posted their highest annual increase in more than a decade. The dollar index = USD, which measures the greenback against a basket of six rivals, rose 0.1% higher at 93.019. On Thursday, the Labour Department said that the U.S. producer prices increased more than expected in July, indicating high inflation could stay for a while. In the 12 months through July, the Producer Price Index (PPI) rose 7.8%, a record high since the measure was introduced just over a decade ago. The PPI…

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Embraer (BVMF: EMBR3) reported second-quarter earnings on August 13 before the opening bell. It announced revenue of $807.3 million with earnings of -$0.4882 per share. Key highlights • Embraer delivered 14 commercial jets and 20 executive jets (12 light / 8 large) in 2Q21, bringing the year-to date deliveries to 23 commercial jets and 33 executive jets (22 light /11 large). Following solid sales activity in the period across businesses, total company firm order backlog at the end of 2Q21 was US$ 15.9 billion;• Revenues in 2Q21 reached US$ 1,130.5 million, representing year-over-year growth of 110.4% compared to 2Q20, with…

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DoorDash (NYSE: DASH) released its second quarterly earnings data after the market closed on Thursday. DoorDash booked a record number of orders in the second quarter even as its revenue growth slowed from pandemic-induced highs. DoorDash’s revenue was up 83% to $1.24 billion, surpassing Wall Street’s expectations. Analysts polled by FactSet had forecast revenue of $1.1 billion for the quarter. But the growth was lower than the double- and even triple-digit percentage revenue gains DoorDash saw over the prior four quarters as the pandemic juiced demand for delivery. Here’s what analysts expect    Revenue: $997.3 million, estimated  Earnings: $0.20 per share, expected    Earnings History …

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ContextLogic Inc (NASDAQ: WISH) released its second-quarter earnings on Thursday after the market close.  EPS: -$0.18 Adjusted EBITDA loss of $67M.Revenue of $656M (-6.4% Y/Y) “Wish has begun executing on initiatives designed to enhance the user experience and increase engagement on the Wish app following second-quarter results that did not meet our expectations,” “Our goal is to ensure that users love coming to Wish often for an entertaining shopping experience where they find unique products at affordable prices. We expect our focus on enhancing product quality and selection, providing an unmatched fun and entertaining shopping experience, and improving the performance of the app, will…

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Rocket companies (NYSE: RKT) – released its second-quarter earnings on August 12 after the market close. It reported a revenue of $2.8 billion with earnings of $0.46 per share. Key highlights: Generated total revenue, net of $2.7 billion and Adjusted Revenue of $2.8 billion in Q2 ’21, both more than double Q2 ’19. We compare certain revenue and profitability measures to 2019 as we experienced a historically low interest rate environment in combination with limited industry capacity during 2020.Rocket Mortgage generated $84 billion in mortgage origination closed loan volume and gain on sale margin of 2.78%. Our closed loan volume was…

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Walt Disney (NYSE: DIS) reported its third-quarter earnings on Thursday after the bell.  adjusted EPS $0.80 revenues $17.02 billion number of Disney+ paid subscribers 116 million. Analysts have remained optimistic the company will reach its goal of 230 million to 260 million subscribers to Disney+ by 2024, citing the company’s upcoming slate of shows and movies along with new market launches. Exclusive content released on the streaming service during the quarter included episodes of Marvel series “The Falcon and the Winter Soldier” and “Loki,” Star Wars’ “The Bad Batch” as well as the second season of “High School Musical the Musical…

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Airbnb (NASDAQ: ABNB) reported second-quarter earnings on Thursday after the market closed. Q2 2021 revenue was up nearly 300% year-over-year and surpassed Q2 2019 levels by 10% as the travel recovery accelerated. It also reported a significantly improved net loss of -$68 million with an adjusted EBITDA of $217 million. Here’s what analysts expect in line with estimates compiled by Zacks Revenue: $1.28 billion, estimated  Earnings: Loss of $0.48 per share, expected    Earnings History Airbnb that transformed the travel industry is currently facing uncertainty and struggling to come out of the pandemic. Thanks to easing travel restrictions and vaccine rollouts, the business…

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Palantir Technologies (NYSE: PLTR) will release its second quarterly earnings data before the market opens on August 12 with earnings of $0.04 per share and the revenue of $376 million. Key Highlights Total revenue grew 49% year-over-year to $376 millionUS commercial revenue grew 90% year-over-yearClosed 62 deals of $1 million or more, of which:30 deals are $5 million or more21 deals are $10 million or more20 net new customers added in Q2 2021, total customers up 13% quarter-over-quarterCommercial customer count increased 32% quarter-over-quarterCash flow from operations of $23 million, representing a 6% marginAdjusted free cash flow of $50 million, representing a…

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