Stock Market Archives

Amazon Q3 Earnings Prove a Flop As Growth Halts

In its second quarterly miss, Amazon’s most recent earnings seem a bit less exciting with drops in FCF, revenue growth, and net income.

With a 1,900 bps boost to FY21 revenue growth, an expected 28% to 31% YoY revenue growth, and a 2.5 P/S ratio, I start Sonos at very bullish.

In a turn of events, Lyft’s Q2 adjusted EBITDA has finally grown profitable, boasting a near double-digit revenue beat as well.

The company will use the $30 billion in proceeds from the deal to cut down on debt, with a planned 1-8 reverse stock split in the works.

A mixture of incredible earnings and a large special dividend mark a great day for the Detroid-based technology-heavy holding company.

The technology company plunged following a revenue beat, although it came at a price with SBC rising, and a lowered 2021 growth outlook.

While PayPal’s now worth over $350 billion, there are still several (at least 10) reasons to back buying into the payments company.

The big data company is now worth over $55 billion dollars on news of a possible 4X in customers on the company’s software ahead of Demo Day.

Netflix blew past subscriber expectations to hit 200 million subscribers, offering a hint at either a dividend or buyback program for shares.

The company filed to launch the ARK Space Exploration ETF as ARKX, sending shares in companies such as Virgin Galactic soaring on the news.