Goldman Sachs: Raised Airbnb, Inc. (NASDAQ:ABNB) price target to $98 from $87
Goldman Sachs: Raised Airbnb, Inc. (NASDAQ:ABNB) price target to $98 from $87.
Goldman Sachs: Raised Airbnb, Inc. (NASDAQ:ABNB) price target to $98 from $87 Read Post »
Consumer Discretionary
Roblox (NYSE:RBLX): Q4 2022 revenue of $579 million, up 2% year-over-year
Online gaming platform Roblox (NYSE:RBLX): Today announced its fourth quarter and full year 2022 results. According to the financial report, Roblox’s fourth-quarter revenue was $579.0 million, an increase of 2% year-on-year. Net loss attributable to common shareholders was $289.9 million, compared to a net loss of $143.3 million in the year-ago quarter. For the full year 2022, Roblox revenue was $2.2 billion, up 16% year-over-year. Net loss attributable to common shareholders was $924.4 million, compared to a net loss of $491.7 million in 2021.
Roblox (NYSE:RBLX): Q4 2022 revenue of $579 million, up 2% year-over-year Read Post »
Roblox (NYSE:RBLX): Game subscription revenue for Q4 2022 was $899.4 million versus expectations of $876.2 million
Roblox (NYSE:RBLX): Online gaming platform Roblox reported game subscription revenue of $899.4 million in the fourth quarter of 2022 versus expectations of $876.2 million. Roblox added that the elderly group is the main source of user growth.
Roblox (NYSE:RBLX) posted a net loss of $290 million in Q4 2022
Roblox (NYSE:RBLX) posted a net loss of $290 million in the fourth quarter of 2022, below market expectations of $303 million.
Roblox (NYSE:RBLX) posted a net loss of $290 million in Q4 2022 Read Post »
Coach parent company Tapestry (NYSE:TPR) raised its fiscal 2023 forecast or will continue to raise prices
Coach’s parent company, Tapestry Group (NYSE:TPR), released its fiscal 2023 second quarter results. During the period, the group’s revenue fell 5% year-on-year to US$2.03 billion, net profit increased slightly by 3.8% year-on-year to US$330 million, and gross margin was 68.6%. Considering signs of currency inactivity moderating sales in China, Tapestry raised its fiscal 2023 revenue forecast to $6.6 billion, the highest in the previously expected range of $6.5 billion to $6.6 billion. In addition, Tapestry said that it is likely to continue to raise prices.
Deliveries of the Chinese-made Tesla Model 3/Y have begun in Thailand
The Model 3 and Model Y produced by Tesla’s Shanghai Gigafactory are already being exported to Thailand and have begun deliveries to consumers in Thailand.
Deliveries of the Chinese-made Tesla Model 3/Y have begun in Thailand Read Post »
Airbnb, Inc. (NASDAQ:ABNB) Fiscal 2022 Revenue of $8.4 Billion Guidance for Q1 2023 beat analyst expectations
Airbnb, Inc. (NASDAQ:ABNB) released its fiscal year 2022 results: revenue of $8.4 billion, up 40% year-over-year, beating analysts’ expectations of $8.36 billion, and net profit of $1.893 billion, compared to a net loss of $352 million last year. For the first quarter of fiscal 2023, Airbnb gave guidance on revenue of $1.75 billion to $1.82 billion, beating analysts’ expectations of $1.69 billion. For the full fiscal year 2023, Airbnb expects the company to maintain the same strong adjusted EBITDA margin as it did in fiscal 2022, as incremental variable cost efficiencies and fixed-cost disciplines offset the negative impact of lower daily average home price figures.
Goldman Sachs: Lowered Target (NYSE:TGT) price target to $52 from $57
Goldman Sachs: Lowered Target (NYSE:TGT) price target to $52 from $57。
Goldman Sachs: Lowered Target (NYSE:TGT) price target to $52 from $57 Read Post »
Ford Motor (NYSE:F): plans to invest $3.5 billion in a battery plant in Marshall, Michigan, USA
Ford Motor Co (NYSE:F): The company plans to invest $3.5 billion in a battery plant in Marshall, Michigan, USA. The company has the option to expand the capacity of the battery plant. Initially scheduled to start production in 2026, the plant will employ 2,500 people.
Honda Motor (NYSE:HMC) has exceeded expectations in fiscal 2022 net sales guidance and plans to repurchase 70 billion yen of shares
Honda Motor (NYSE:HMC) came after the Japanese automaker reported fiscal year net sales guidance that beat analysts’ average expectations, with the company expecting fiscal year net sales of 17.25 trillion yen and the market expecting 17.07 trillion yen. In addition, Honda will buy back up to 1.5% of its shares.
Tesla raised the price of the Model Y performance version by another $500 to $58,490
Tesla’s US official website shows that the price of the Model Y high-performance version has been raised by $500 to $58,490, and the price of the long-life version has not changed. Earlier this month, the Model Y long-range version was raised by $1,500 to $54,990 in the United States, and the high-performance version was raised by $1,000 to $57,990.
Tesla raised the price of the Model Y performance version by another $500 to $58,490 Read Post »
Lyft, Inc. (NASDAQ:LYFT): Fourth-quarter active ridership was 20.4 million, up 8.7% year-over-year
Lyft, Inc. (NASDAQ:LYFT): Fourth-quarter active ridership was 20.4 million, up 8.7% year-over-year.