Technology

Shopify (NYSE:SHOP) Swings to Adjusted Earnings in Q2; Sales Increase

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Shopify (NYSE:SHOP) reported Q2 adjusted diluted earnings  of $0.14 per share, compared with a loss of $0.03 a year earlier. Analysts polled by Capital IQ expected $0.05 normalized. Revenue for the quarter that ended June 30 was $1.69 billion, up from $1.3 billion a year earlier. Analysts surveyed by Capital IQ expected $1.63 billion. The company said it expects Q3 revenue to grow at a low-20s percentage rate on a year-over-year basis, which translates into a year-over-year growth rate in the mid-20s when adjusting for the 300 basis points to 400 basis points headwind from the sale of Shopify’s logistics businesses.

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Qorvo (NASDAQ:QRVO) Fiscal Q1 Non-GAAP Earnings, Revenue Decline; Fiscal Q2 Outlook Issued

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Qorvo (NASDAQ:QRVO) reported fiscal Q1 non-GAAP earnings  of $0.34 per diluted share, down from $2.25 a year earlier. Analysts polled by Capital IQ expected $0.15. Revenue for the quarter ended July 1 was $651.2 million, down from $1.04 billion a year earlier. Analysts surveyed by Capital IQ expected $639.7 million. The company said it expects fiscal Q2 non-GAAP diluted EPS of $1.75. Analysts polled by Capital IQ are looking for $1.62. Revenue for the fiscal quarter is projected to be $1 billion, plus or minus $15 million. the company said. Analysts surveyed by Capital IQ are expecting $953.8 million.

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DoorDash (NYSE:DASH) Q2 Loss Narrows as Revenue Advances

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DoorDash (NYSE:DASH) reported a Q2 loss  of $0.44 per diluted share, narrower than the per-share loss of $0.72 a year earlier. Analysts polled by Capital IQ expected a loss of $0.43. Revenue for the quarter ended June 30 was $2.13 billion, up from $1.61 billion a year earlier. Analysts surveyed by Capital IQ expected $2.06 billion.

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DoorDash, Inc. (NYSE:DASH) Q2 2023 Earnings Call Transcript

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DoorDash, Inc. (NYSE:DASH) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Andy Hargreaves – Vice President, Finance and Investor Relations Tony Xu – Co-Founder, Chair and CEO Ravi Inukonda – Chief Financial Officer Conference Call Participants Deepak Mathivanan – Wolfe Research Mark Mahaney – Evercore ISI Nikhil Devnani – Bernstein Ron Josey – Citi Lloyd Walmsley – UBS Douglas Anmuth – J.P. Morgan Securities Inc. Brian Nowak – Morgan Stanley Eric Sheridan – Goldman Sachs Ross Sandler – Barclays Michael McGovern – Bank of America Youssef Squali – Truist Securities Operator Good afternoon, and welcome to the DoorDash Second quarter 2023 Earnings Call. My name is Briana and I will be your conference operator today. Please note that this call is being recorded. [Operator Instructions] I will now turn the call over to Andy Hargreaves. You may begin your conference. Andy Hargreaves Thanks, Briana. Good

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Qualcomm (NASDAQ:QCOM) Fiscal Q3 Non-GAAP Earnings, Revenue Drop; Fiscal Q4 Guidance Issued

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Qualcomm (NASDAQ:QCOM) reported fiscal Q3 non-GAAP earnings  of $1.87 per diluted share, down from $2.96 a year earlier. Analysts polled by Capital IQ expected $1.81. Revenue for the quarter ended June 25 was $8.45 billion, down from $10.94 billion a year earlier. Analysts surveyed by Capital IQ expected $8.51 billion. The company said it expects fiscal Q4 non-GAAP EPS of $1.80 to $2. Analysts surveyed by Capital IQ are looking for $1.91. Revenue for the quarter is projected to be $8.1 billion to $8.9 billion, the company said. Analysts polled by Capital IQ are expecting $8.74 billion.

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