Author: niveditha

Baidu (NASDAQ: BIDU) reported its second-quarter earnings on Thursday before the opening bell. The Beijing-based company said it had a loss of 26 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were $2.39 per share. Baidu Core revenue grew 27% year over year in the second quarter, boosted by AI cloud growing 71% year over year Baidu’s Q3 guidance was not as encouraging as expected as; it expects revenue in the range of $4.7 billion to $5.2 billion. Analysts surveyed by Zacks had expected revenue of $5.19 billion. Q2 Results; Analysts expectations in line with estimates compiled by…

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Duolingo, Inc. (Nasdaq: DUOL) will report second-quarter 2021 results on Aug 11 after the markets close.  It reported total revenue of $58.8 million with an adjusted EBITDA of $3.7 million. While there are no estimates yet for Q2, here’s a glance at the earnings history for Q1 2021. Revenue: $55.36 million Earnings: -$1.04 per share   Key highlights Total revenues were $58.8 million, an increase of 47% from prior year quarter;Gross Profit was $42.7 million, an increase of 51% from the prior year quarter;Net loss totaled $176 thousand, as compared to net income of $40 thousand in the prior year quarter;Adjusted EBITDA was $3.7 million, an increase of $1.4 million from the prior…

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eBay Inc. (NASDAQ: EBAY) reported its Q2 results beating on earnings per share but misses on Revenue. eBay announced earnings per share of $0.99 on revenue of $2.67B. Key highlights: • Revenue of $2.7 billion, up 14% on an as-reported basis and up 11% on an FX-Neutral basis• Gross Merchandise Volume of $22.1 billion, down 7% on an as-reported basis and down 11% on an FX-Neutral basis• GAAP and Non-GAAP EPS per diluted share of $0.43 and $0.99, respectively, on a continuingoperations basis• GAAP and Non-GAAP operating margin of 27.4% and 32.8%, respectively• Returned $1.6 billion to shareholders in Q2, including $1.5…

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Coinbase Global, Inc. (COIN) is reported its second-quarter 2021 results on Tuesday, after market close. Drastic increase in user base and trading volume helping boost results despite a volatile stretch of trading for cryptocurrencies.  Revenue: $2.23 billion vs. $1.83 billion expected  Adjusted EBITDA: $1.15 billion vs. $961.5 million expected  “Retail Monthly Transacting Users (MTUs) grew to 8.8 million, up 44% from Q1 2021. Verified Users were 68 million. We now have over 9,000 institutions who continue to deepen and broaden their activities in the cryptoeconomy and more than 160,000 ecosystem partners who are using our crypto tools and services to engage with their own customers. We…

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fuboTV Inc. (NYSE: FUBO) reported its second-quarter earnings on August 10; fuboTV Delivered Record $130.9M Revenue and 681,721 Total Subscribers in Q2 2021; Raises 2021 Guidance. The company delivered a strong second quarter 2021 with triple digit year-over-year growth in total paid subscribers (up 138% year-over-year to 681,721, including 91,291 net subscriber additions in the quarter), total revenue (up 196% year-over-year to $130.9 million) and advertising revenue (up 281% year-over-year to $16.5 million). Engagement also reached all-time highs with fuboTV customers streaming 245 million hours of content during the quarter, a 148% increase year-over-year. Analyst estimates compiled by Zacks   Revenue:  $121.28 million, estimated  Earnings:…

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AMC Entertainment reported its second-quarter (Q2) results on Monday August 9 after the bell. They reported a revenue of $444 million with 8,890 screens operating. Earnings: -$0.71 per share vs -$0.91 expectedRevenue: $444.7 million vs $341.3 million expected The second quarter of 2021 was transformational for AMC. We raised yet another $1.25 billion of new equity capital in the quarter, boosting our quarter ending liquidity to more than $2 billion which is about double the previous highest ever such mark in AMC’s 101-year history. We believe this gives AMC financial staying power to navigate boldly amidst coronavirus waters. And by June…

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As the new COVID-19 variant spreads globally, the economic sectors continue to bear the brunt. If there is one industry surviving and profiting amid the mayhem, it is the pharmaceutical industry.  Big pharmacy companies such as Pfizer Inc. (PFE) and Moderna have seen a surge in their sales after a nod from U.S. and foreign governments for their Covid-19 vaccines. With the highly transmissible delta variant lurking, dozens of companies are racing to produce the perfect vaccine again. “The world needs pharmaceutical products, of course. The global crisis will potentially be a blockbuster for the industry in terms of sales…

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Norwegian Cruise Line Holdings Ltd. reported its earnings on August 6 before the market open. GAAP net loss was $(717.8) million or EPS of $(1.94) compared to a net loss of $(715.2) million or EPS of $(2.99) in the prior year. Revenue decreased to $4.4 million compared to $16.9 million in 2020 as voyages were once again suspended for the entire quarter. Total cruise operating expense decreased 17.2% in 2021 compared to 2020. Here’s what analysts expect, in line with estimates compiled by Zacks Earnings: $-2 per share, estimated Revenue: $6.8 million, estimated Earnings History The pandemic has badly impacted…

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Virgin Galactic reported its fiscal Q2 2021 results on August 5. It announced earnings of $ -0.39 per share with revenue of $0.571 million. Second Quarter 2021 Financial Highlights: Cash position remains strong, with cash and cash equivalents of $552 million as of June 30, 2021.In July, the Company completed an “at-the-market” equity offering program (the “ATM Offering”). In connection with the ATM Offering, the Company filed a prospectus supplement with the U.S. Securities and Exchange Commission to offer and sell up to $500 million of shares of the Company’s common stock from time to time. The Company ultimately generated…

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Stamps.com (Nasdaq: STMP), announced results for the quarter ended June 30, 2021, on Thursday after the bell. Total revenue was $191.1 million, down 8% compared to the second quarter of 2020. Second quarter 2021 Mailing and Shipping revenue was $191.1 million, down 3% compared to the second quarter of 2020. Second quarter 2021 Customized Postage revenue was $0, down 100% compared to the second quarter of 2020, as the USPS terminated its customized postage program effective June 16, 2020. Second Quarter 2021 Highlights Total revenue was $191.1 million, down 8% compared to $206.7 million in the second quarter of 2020.GAAP…

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