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    • Breaking News
    May 9, 2023
    • Semrush Holdings, Inc decreased 11.9% to $8.68 after the cloud based services provider reported first quarter results. 

      Revenue in the first quarter increased 24% to $70.9 million and average revenue run rate advanced 23% to $293 million and paying customers increased 15% to above 100,000. 

      Free active customers increased 36% to 885,000 and the number of customers paying more than $10,000 increased 45%.  

      Net loss in the quarter increased to $9.9 million from $2.9 million and diluted loss per share expanded to 7 cents from 2 cents a year ago. 

      The company forecasted second quarter revenue to increase 19% at mid-point of the range between $73.6 million and $75 million and non-GAAP earnings between $1.5 million and $3.0 million.

      For the full-year 2023, the company estimated revenue between $306.0 million and $309.0 million and non-GAAP net income between breakeven and $3.0 million. 
      • SeaWorld Entertainment Inc increased 5.3% to $59.43 after the company reported a record park attendance in the first quarter. 

        Revenue in the first quarter increased 8.4% to $293.3 million and net loss expanded to $16.5 million from $9.0 million and diluted loss per share increased to 26 cents from 12 cents a year ago. 

        The company reported record revenue for the eighth quarter in a row. 

        Total revenue per person increased 9.2% to $86.84, driven by admission per person increased 9.4% to $48.51 and 8.9% increase in in-park spending to $38.33. 

        After the end of the first quarter, the company repurchased 235,000 shares for $13.9 million, leaving approximately $42.4 million remaining in its stock repurchase program as of May 4. 
        • Warby Parker Inc declined 2.2% to $11.86 after the company reiterated its annual revenue outlook. 

          Revenue in the first quarter increased 12.2% to $172 million and average revenue per customer increased 8.4% to $270 and active customers increased 2.5% to 2.29 million.

          The company opened 6 new stores in the quarter and the total store count increased to 204. 

          Net loss in the quarter shrank $10.8 million from $34.1 million and diluted loss per share fell to 9 cents from 30 cents a year ago. 

          The company reiterated its full-year 2023 revenue outlook between $645 million and $660 million, an increase between 8% and 10% from the previous year. 
          • May 5, 2023
          • Lyft Inc plunged 13.9% to $9.20 after the ride-hailing company reported a larger-than-expected loss despite healthy demand for its services. 

            Revenue in the first quarter increased 14% to $1.0 billion and net loss in the quarter shrank to $187.6 million from $196.9 million and diluted loss per share fell to 50 cents from 57 cents a year ago. 

            Active riders in the first quarter increased 9.8% to 19.55 million from 17.8 million and revenue per active rider increased 4% to $51.17.
            • Expedia Group Inc soared 7.5% to $95.87 after the online travel booking platform reported record first quarter revenue and gross bookings soared 20%. 

              Revenue in the first quarter increased 18% to a record $2.7 billion from $2.3 billion and net loss increased 18% to $145 million from $122 million and diluted loss per share expanded to 95 cents from 78 cents a year ago. 

              Total gross bookings increased 20% to $29.4 billion and lodging bookings at $21.1 billion were at record levels. Booked room nights jumped 23% to 94.5 million from 77.0 million a year ago. 
              • DoorDash Inc increased 4.1% to $65.40 after the online delivery platform lifted its annual outlook and the company said demand for its services remained strong. 

                Revenue in the first quarter increased 40% to $2.04 billion from $1.45 billion and net loss shrank to $161 million from $167 million and diluted loss per share declined to 41 cents from 48 cents a year ago. 

                Total orders increased 27% from a year ago to 512 million and Marketplace gross order volume increased 29% to $15.9 billion.

                The delivery service provider forecasted second quarter marketplace gross order volume to be between $15.9 billion and $16.2 billion for the full-year 2023 between $63.0 billion and $64.5 billion.  
                • Carvana Company soared 45% to $10.50 after the online used car dealer reported a smaller-than-expected quarterly loss. 

                  Total revenue in the first quarter declined 25% to $2.6 billion from 43.5 billion and net loss shrank to $286 million from $506 million and net loss per share dropped to $1.51 from $2.89 a year ago. 

                  Quarterly vehicle sales declined for the third quarter in a row to 79,240 units, a decrease of 25% from a year ago and total gross profit per unit improved by $1,470 to $4,303. 
                  • Bumble Inc jumped 8.1% to $19.06 after the online dating app operator reported strong activities on its platform. 

                    Total revenue in the first quarter increased 15.7% to $242.9 million from $210.0 million and the company swung to a net loss of $2.3 million from a profit of $23.7 million and diluted earnings per share fell to ($0.01) from 12 cents a year ago. 

                    Bumble App revenue rose 25.9% from a year ago to $194.3 million and Badoo App and other revenue declined 12.6% to $48.7 million. 

                    The company forecasted second quarter total revenue in the range of $254 million to $258 million and Bumble App revenue of $205 million to $208 million.

                    For the full-year 2023, the company estimated total revenue to grow between  16% to 19% and Bumble App revenue growth in the range of 22% to 25%.
                    • Apple Inc increased 2.7% to $170.26 after the maker of popular electronics gadgets reported higher-than-expected sales and earnings. 

                      Revenue in the fiscal second quarter ending on April 1 declined 3% to $94.8 billion and net income decreased to $24.2 billion from $25.0 billion and diluted earnings per share was unchanged at $1.52. 

                      Revenue in the Americas declined to $37.8 billion from $40.8 billion, in Europe edged up to $23.9 billion from $23.2 billion, in Greater China eased to $17.8 billion from $18.3 billion and in Japan eased to #7.2 billion from $7.7 billion. 

                      In the quarter, iPhone sales increased to $51.3 billion from $50.6 billion, Mac sales dropped to $7.2 billion from $10.4 billion, iPad sales to $6.6 billion from $7.6 billion and wearable and home and accessories were flat at $8.8 billion. 

                      Services revenue jumped to $20.9 billion from $19.8 billion a year ago.
                      • May 3, 2023
                      • Pfizer Inc increased 1.1% to $39.61 after the company reported a sharp decline in revenue following the end of Covid-19 revenue. 

                        Revenue in the first quarter decreased 29% to $18.2 billion from $25.6 billion and net income plunged 30% to $5.5 billion from $7.86 billion and diluted earnings per share fell to 97 cents from $1.37 a year ago. 

                        The company reiterated its full-year 2023 outlook and forecasted revenue to fall between 29% and 33% or between $67.0 billion and $71.0 billion. 

                        Excluding Covid-19 products, the company forecasted operating revenue to increase between 7% and 9%. 

                        Pfizer also confirmed that it has not repurchased any of its shares and the company has no plan to buy back its own shares in the remainder of the year. 

                        The company still has $3.3 billion available in its stock repurchase program.