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Tag: earnings surprises

GameStop stock up nearly 50% on surprise quarterly profit, higher sales

The share of GameStop Corp. rose 48% in the extended session on Tuesday after the specialty retailer reported surprising quarterly earnings and sales that beat Wall Street’s expectations. The retailer is “aggressively focused on improving profitability year-over-year while still pursuing pragmatic long-term growth,” Chief Executive Matt Furlong said during the post-results talk with the company. […]

March 22, 2023
Twitter’s revenue, adjusted revenue, was down about 40% in the month of December

Twitter Inc. reported a drop in sales and adjusted earnings for the month of December after many advertisers left the social media platform following the Elon Musk acquisition, according to people familiar with the matter. In an update to investors, Twitter reported a roughly 40% year-over-year decline in both revenue and adjusted earnings for the […]

March 4, 2023
Moderna’s revenues, revenues down due to lower sales of Covid vaccines

The pharmaceutical company, based in Cambridge, Massachusetts, said Thursday that a drop in volumes for its Covid-19 vaccine has caused sales to fall 29% to $5.1 billion in the last three months of 2022, which analysts say still surpassed expectations of $5.02 billion. to FactSet. U.S. sales of Moderna’s original and booster Covid-19 vaccines have […]

February 24, 2023
Strength in the agricultural industry is fueling rising demand for Deere equipment

Deere DE 7.97% & Co. said it expects demand for its farm equipment to remain strong as farmers convert their rising incomes into the purchase of tractors, harvesters and other equipment. Deere raised its profit forecast for the year on Friday after quarterly revenue more than doubled from a year earlier and sales increased by […]

February 17, 2023