Breaking News
Feb 14, 2023
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Check Point said revenue in the fourth quarter increased 7% to $638 million and net income rose to $269.9 million from $259.7 million and diluted EPS rose to $2.20 from $1.98 a year ago. In 2022, revenue increased 10% to $2.3 billion and net income fell 2% to 796.9 million or $6.37 a share.
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Lattice said revenue in the fourth quarter increased 24% to $175.9 million and net income rose 82% to $51.9 million from $28.5 million and diluted EPS rose to 37 cents from 20 cents a year ago. In 2022, revenue increased 28% to $660.4 million and net income rose 87% to $179 million or $1.27 a share.
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Treehouse said revenue in the fourth quarter rose 22% $996 million and net loss shrank to $23.4 million from $24.9 million and diluted loss per share fell to 41 cents from 52 cents a year ago. In 2022, revenue increased to $3.4 billion and net loss increased to $146.3 million from $12.5 million.
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PerkinElmer said revenue in the fourth quarter declined to $741 million and net income dropped to $137.6 million from $190.1 million and diluted EPS fell to $1.09 from $1.50 a year ago. In 2022, revenue fell to $3.3 million and net income fell to $579 million or $4.58 a share.
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Airbnb said revenue in the fourth quarter increased 24% to $1.9 billion and net income soared nearly six-fold to $319 million from $55 million and diluted earnings per share increased to 48 cents from 8 cents a year ago.
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Airbnb said gross bookings volume rose 20% to $13.5 billion in the fourth quarter and jumped 35% to $63.2 billion in 2022. Nights and experiences soared 20% to 88.2 million and advanced 31% to 393.7 million in 2022.
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Avis Budget Group said revenue in the fourth quarter increased 8% to $2.77 billion and net income rose 11% to $424 million from $383 million or diluted earnings per share jumped to $10.10 from $6.63 a year ago.
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Cadence said fourth quarter revenue increased 16.4% to $899.8 million from $773 million. Net income in the quarter increased to $240.4 million from $176.5 million and diluted earnings per share rose to 88 cents from 66 cents a year ago.
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IAC said fourth quarter revenue increased 8% to $1.25 billion and the company swung to a net loss of $1.4 million from a profit of $13.0 million and diluted EPS was ($0.02) from a profit of 14 cents a year ago.
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IAC holds 64.7 million shares of MGM Resorts International and EPS reflects decreases or increases in MGM’s share price as unrealized losses and gains. IAC’s stake in MGM was purchased for $1.3 billion in 2020 and 2022 and is worth $2.8 billion as of February 10, 2023.
Feb 13, 2023