Q1 earnings Archives - Maritime Shipping News

Investors send DoorDash stock soaring on strong earnings, outlook

14 May 2021

After plummeting nearly 37% from its first earnings call, DoorDash (NYSE: DASH) investors are jumping on the stock Friday following a strong Q1 earnings report on Thursday.

In midmorning trading, DoorDash stock was up more than 20% on volumes that by 10:45 a.m. EDT Friday had surpassed 4.2 million shares trading hands. Average daily trading volume for DoorDash stock is 2.45 million shares.

The price had reached $140.82 a share by midmorning Friday, up from its Thursday close of $115.94 a share,...

https://s29755.pcdn.co/news/investors-send-doordash-stock-soaring-on-strong-earnings-outlook

DoorDash exceeds projections in Q1 earnings, stock rises after hours

13 May 2021

In its first earnings statement as a public company, issued on Feb. 25, DoorDash (NYSE: DASH) did not impress investors, despite setting quarterly records for total orders, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), and market share. A doubling of the quarterly loss over Q4 2019 soured analysts.

In its second try as a public company Thursday, DoorDash again set quarterly records for total orders and marketplace gross order value (GOV), achieved an all-time...

https://www.freightwaves.com/news/doordash-exceeds-projections-in-q1-earnings-stock-rises-after-hours

Is 2021 a peak year for earnings? — Great Quarter, Guys

12 May 2021

This episode is brought to you by DDC FPO. DDC is a business process outsourcing provider that specializes in freight. Perhaps best known for Freight Billing, DDC recently launched IT Outsourcing to help supply chain stakeholders hit development milestones without risking financial performance. Learn more at ddcfpo.com.

Dozens of companies have posted record gains after the first quarter of 2021 as the freight market kept riding the momentum caused by the COVID-19 pandemic.

Is this a trend that...

https://www.freightwaves.com/news/is-2021-a-peak-year-for-earnings-great-quarter-guys

Square benefits from improving economy, Bitcoin investment to post 266% revenue hike

7 May 2021

The economic recovery accelerated payment provider Square’s (NYSE: SQ) Q1 2021 earnings, with gross profit up 79% year-over-year on $5.06 billion in net revenues, a 266% increase year-over-year. Excluding Bitcoin revenue, Square posted total net revenue of $1.55 billion, a 44% year-over-year increase.

Gross profit was $964 million, up from $804 million a year ago. Adjusted earnings before interest, taxes, depreciation and amortization was $236 million, up from $9 million a year ago and $185...

https://www.freightwaves.com/news/square-benefits-from-improving-economy-bitcoin-investment-to-post-266-revenue-hike

Wayfair revenue jumps nearly 50% in Q1

6 May 2021

While quarter-over-quarter revenue dropped, Wayfair (NYSE: W) nonetheless exceeded analysts’ expectations when it announced Q1 2021 earnings Thursday morning.

The e-commerce firm reported revenue of $3.5 billion, up 49.2% year-over-year from Q1 2020’s $2.4 billion. Quarter-over-quarter, though, Wayfair reported a slight decline in revenues, falling from $3.67 billion.

Wayfair’s stock price was down slightly at market open.

In the U.S., net revenue increased $800 million to $2.8 billion....

https://s29755.pcdn.co/news/wayfair-revenue-jumps-nearly-50-in-q1

Lyft had visions of building an autonomous car. What happened?

5 May 2021

Lyft explains decision to sell self-driving car business

When Lyft (NASDAQ: LYFT) launched Level 5 in 2017, it had grand plans for the autonomous vehicle (AV) division.

“This is too strategic an area for us not to be a player,” Luc Vincent, the Google executive tapped to lead Lyft’s efforts, said at the time. “We want to take an active role.”

Lyft’s decision to start Level 5 came shortly after competitor Uber (NYSE: UBER) launched its own autonomous driving project. In December 2020, Uber sold that money-losing division to Amazon-backed Aurora. As part...

https://s29755.pcdn.co/news/lyft-had-visions-of-building-an-autonomous-car-what-happened

Lyft’s losses shrink as riders begin returning

4 May 2021

Lyft (NASDAQ: LYFT) posted year-over-year declines in Q1 2021 revenues and riders, but an improving trend that started in the second half of last year is continuing.

The company reported revenues grew 7% quarter-over-quarter to $609 million versus $955.7 million in Q1 2020. Net loss was $427.3 million versus a $398.1 million loss in the same period of 2020. Q1 2021’s loss included $180.7 million in stock-based compensation and related payroll tax expenses and $128 million related to changes to...

https://s29755.pcdn.co/news/lyfts-losses-shrink-as-riders-begin-returning

Grubhub sees strong revenue growth, but reports surprising quarterly loss

28 April 2021

Grub posts revenue increase, quarterly loss

Grubhub (NYSE: GRUB) posted 52% revenue growth in Q1 2021 on revenues of $551 million compared to $363 million in Q1 2020, it said on Wednesday after market close.

Gross food sales grew 60% year-over-year to $2.6 billion, up from $1.6 billion in the first quarter of 2020, and the company said it saw high-single-digit year-over-year growth in orders.

“We are proud of our continued role in helping restaurants grow their businesses and supporting the communities where they operate. Our team...

https://www.freightwaves.com/news/grubhub-sees-strong-revenue-growth-but-reports-surprising-quarterly-loss

Shopify revenues accelerate but growth rate to start slowing

28 April 2021

The e-commerce boom of 2020 is continuing into 2021 and one of the first major e-tailers to announce Q1 earnings is confirming that. Shopify (NYSE: SHOP) reported total revenue in Q1 of $988.6 million, 110% growth year-over-year, powered by a 137% growth in Merchant Solutions revenue of $668 million.

Subscription Solutions revenue climbed 71% to $320.7 million, the Canadian-based company said Wednesday morning.

“Shopify’s momentum continued into 2021 as digital commerce tailwinds remained strong...

https://www.freightwaves.com/news/shopify-revenues-accelerate-but-growth-rate-to-start-slowing

Oil Major Chevron Cuts Capital Spending Amid COVID19 Crisis

6 December 2020

COVID-19’s seismic effect on the fortunes of tanker owners is beginning to become clearer.
Chevron Corporation is reducing its capital and exploratory budget for the next five years by billions of U.S. dollars compared to previous guidance.
Chevron said it would spend $14 billion next year and no more than $16 billion a year through 2025.
It previously said it would spend $19 billion to $22 billion a year through 2024 before the pandemic.

Chevron Corp. is cutting its annual capital spending...

https://mfame.guru/oil-major-chevron-cuts-capital-spending-amid-covid19-crisis/

+ More