DEXWireNews

DEXWireNews

Lyft ( NASDAQ:LYFT ), a ride-hailing company, reported mixed Q1 results, with quarterly losses of 8 cents per share, which missed the analyst consensus estimate of earnings of 3 cents per share. However, quarterly sales were $1.28 billion, beating the consensus estimate of $1.16 billion by 10.02%. This represents a 27.59% increase over the same period last year....

DEXWireNews

Coca-Cola Consolidated ( NASDAQ:COKE ) reported its first quarter 2024 results, which showed a 5% increase in income from operations to $215 million. The operating margin for the first quarter of 2024 was 13.5%, up 40 basis points from the first quarter of 2023. The company intends to purchase up to $3.1 billion of its Common Stock through both a modified "Dutch...

DEXWireNews

Solana ( CRYPTOCAP:SOL ), a cryptocurrency, has experienced a 5% increase in value today, driven by significant on-chain activity and ecosystem growth. The market cap is down by 1%, but Solana's price has risen by 5.5% to $153, with a $69 billion market cap and a $3.2 billion 24-hour trading volume. The central driver behind Solana's recent success is its...

DEXWireNews

GlobalFoundries ( NASDAQ:GFS ) has surpassed Wall Street's first-quarter earnings targets and provided better-than-expected guidance for the current period. The Malta-based company earned an adjusted 31 cents a share on sales of $1.55 billion in the March quarter, which was 40% below analysts' expectations of 23 cents a share on sales of $1.52 billion. However, on...

DEXWireNews

Bitcoin mining company Marathon Digital ( NASDAQ:MARA ) has seen its stock value rise by 18% after being listed by S&P Global in its SmallCap 600 index. The company's market cap rose by about $800 million over the weekend, marking a significant achievement for the digital asset company. The SmallCap 600 index is an index of companies with a small market cap,...

DEXWireNews

Celsius Holdings Inc. ( NASDAQ:CELH ) shares fell by 2.7% in early trading on Tuesday after the energy-drink maker's quarterly sales reached a record, yet still missed Wall Street expectations. The company, which had more than doubled over the past year, dropped as much as 18% in trading before US markets opened. If that carries into regular hours, the company...

DEXWireNews

Datadog ( NASDAQ:DDOG ), a monitoring and security platform for cloud applications, reported strong first-quarter earnings and revenue that exceeded expectations. The company's guidance was influenced by views, with Amit Agarwal being announced as the company's new president at the end of 2024. Datadog's ( NASDAQ:DDOG ) earnings for the March quarter were 44 cents...

DEXWireNews

Crocs, Inc. ( NASDAQ:CROX ) has appointed Susan Healy as Executive Vice President and Chief Financial Officer of the company, effective June 3. Healy succeeds Anne Mehlman, who was recently appointed President of the Crocs Brand. Mehlman will continue to serve as Chief Financial Officer until Healy's start date. She will join the executive leadership team and...

DEXWireNews

Ferrari reported a 13% increase in core earnings in the first quarter of 2021, but its shares fell as the luxury sports car maker failed to excite investors. The Italian company said its quarterly results were boosted by pricing power, the mix of product sales, and a greater contribution from personalized vehicles. It also cited rising deliveries of its 2 million...

DEXWireNews

Walt Disney's ( NYSE:DIS ) streaming entertainment unit posted its first profit on Tuesday, two quarters ahead of schedule, and the company raised its annual earnings per share outlook as it said turnaround efforts were yielding results. Shares of the company were down 1.4% in premarket trading. Disney ( NYSE:DIS ) now expects adjusted earnings per share to rise...

DEXWireNews

Microsoft ( NASDAQ:MSFT ) is developing a new AI language model, MAI-1, to compete with Google and OpenAI. Under the supervision of Mustafa Suleyman, former Google DeepMind co-founder, the model aims to surpass the capabilities of Google and OpenAI. MAI-1 is expected to surpass Microsoft's previous smaller, open-source models in size and capability, potentially...

DEXWireNews

Freshpet, Inc. ( NASDAQ:FRPT ) reported its Q1 2024 financial results, which were a significant increase from the prior year period. The company's net sales increased 33.6% to $223.8 million, a 33.6% increase from the previous year. Gross margin was 39.4%, compared to 30.3%, and adjusted gross margin was 45.3%. Net income was $18.6 million, compared to the prior...

DEXWireNews

Swedish private equity firm EQT is set to acquire US-based digital consultancy Perficient ( NASDAQ:PRFT ) for an all-cash deal valued at around $3 billion. The deal, approved unanimously by Perficient's board, will pay $76 for each Perficient share ( NASDAQ:PRFT ), representing a nearly 58% premium to Perficient's last close. Perficient's shares will no longer...

DEXWireNews

Vodafone ( NASDAQ:VOD ) is utilizing SIM card technology to meet the anticipated surge in demand for cryptocurrency on mobile phones. CPO David Palmer discussed how the company is advancing blockchain use on mobile devices to manage crypto transactions. He highlighted the use of Pairpoint, a brand that advances web3 and Internet of Things (IoT) services by...

DEXWireNews

Steward Health, a US hospital network operating 30 hospitals across nine states, has filed for Chapter 11 bankruptcy in Texas. The privately-owned chain aims to secure a new loan from its landlord, Medical Properties Trust ( NYSE:MPW ). Steward has sought short-term financing and to sell its physician group Stewardship Health, but the disposal has not been as...

DEXWireNews

Robinhood ( NASDAQ:HOOD ) Markets has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) citing alleged securities violations. The crypto unit of Robinhood Markets, Robinhood Crypto, received the notice on May 4. The SEC staff has made a preliminary determination to recommend an enforcement action against Robinhood Crypto, alleging...

DEXWireNews

PancakeSwap, a decentralized exchange platform on the Binance Smart Chain, announced a token burn of over 8.9 million NASDAQ:CAKE tokens, collected from trading fees across Automated Market Makers (AMM) Version 2 and 3. The $25 million token burn likely helped the NASDAQ:CAKE price recover from recent losses. The DeFi token, which was initially valued at...

DEXWireNews

Tyson Foods, ( NYSE:TSN ) the largest US meat company by sales, has surpassed Wall Street expectations for second-quarter profit as it begins to reduce costs by shutting some chicken processing plants. The company's adjusted earnings of 62 cents per share for the second quarter were higher than analysts' average estimate of 39 cents. However, Tyson ( NYSE:TSN )...