Breaking News
Feb 16, 2023
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Copa Holdings said revenue in the fourth quarter rose 30.6% to $890.6 million from the corresponding period in 2019 and net income soared to $88.3 million from $2.7 million or basic EPS increased to $2.23 from 6 cents a share in the period. In 2022, revenue increased 9.5% to $2.96 billion and net income rose 41% to $348 million or $8.58 from $5.81 a share in the 3-year period.
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Shopify said revenue in the fourth quarter increased 25.3% to $1.7 billion and net loss increased to $672 million from $371 million and diluted loss per share rose to 49 cents from 30 cents a year ago. In 2022, revenue increased to $5.6 billion and the online e-commerce platform swung to a net loss of $3.5 billion from a profit of $2.9 billion or ($2.73) from $2.29 a share a year ago.
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The Producer Price Index for final demand increased 0.7% in January from the previous month and advanced 6.0% in a year, the most in seven months. Prices for final demand goods advanced 1.2%, and index for final demand services rose 0.4%.
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Chefs' Warehouse said revenue in the fourth quarter increased 41.8% to $791.3 million but net income plunged to $1.2 million from $8.4 million or diluted EPS declined to 3 cents from 22 cents a year ago.
In 2022, revenue increased to $2.6 billion from $1.7 billion and the food distributor swung to a net profit of $27.8 million from a loss of $4.9 million or 73 cents from (13 cents) a share. -
Upwork Inc said revenue in the fourth quarter increased 18% to $161.4 million and net loss declined to $16.5 million from $22.6 million and diluted loss per share fell to 13 cents from 18 cents a year ago.
In 2022, revenue increased to $618.3 million from $502.8 million and net loss expanded to $89.9 million from $56.2 million or 69 cents from 44 cents a share a year ago. -
Seasonally adjusted retail and food services sales in January not adjusted for price increased 3.0% from December and jumped 6.4% from a year ago. The November and December sales were unrevised at -1.1%. Retail trade sales were up 2.3% from December and 3.9% from last year and food services and drinking places sales soared 25.2% from a year ago.
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Tripadvisor, Inc said total revenue increased 47% to $354 million and net loss shrank to $3 million from $29 million and diluted loss per share dropped to 2 cents from 21 cents a year ago.
In 2022, total revenue increased 65% to $1.49 billion and the company swung to a profit of $20 million from a loss of $148 million and diluted EPS was 14 cents from a loss of $1.08 a share a year ago. -
Akamai Technologies Inc said fourth quarter revenue increased 2% to $927.8 million and net income dropped 19.8% to $128.7 million from $160.5 million and diluted EPS fell to 82 cents from 97 cents a year ago. In 2022, revenue increased 4% to $3.6 billion from $3.4 billion and net income fell 19.6% to $523.6 million from $651.6 million and diluted EPS fell to $3.26 from $3.93 a year ago.
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Akamai Technologies Inc spent $178 million in the fourth quarter of 2022 to repurchase 2.1 million shares of its common stock at an average price of $86.50 per share and in full-year 2022 spent $608 million to repurchase 6.4 million shares at an average price of $94.96 per share.
The company had 156 million shares of common stock outstanding as of December 31, 2022. -
Federal National Mortgage Association said revenue in 2022 declined 1% to $29.7 billion and net income plunged 42% to $12.9 billion from $22.2 billion and diluted earnings per share was zero compared to 1 cent a year ago.
Fannie Mae said revenue in the fourth quarter declined 1% to $7.1 billion and net income fell 41% to $1.4 billion from $2.4 billion in the previous year.
Feb 15, 2023