Author: AnswerStock

Roku Crushes Wall Street Expectations With Latest Earnings

By AnswerStock•

The company increased its bottom line and minimized its losses. 

Earnings season continues, and last week, Roku released its second-quarter earnings report. Roku regularly beats Wall Street expectations, and this latest earnings report was no exception. The company’s revenue increased by 59% year over year, and it lost less money than expected. 

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Garmin: All Signs Point to Continued Growth

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Garmin recently delivered another exciting earnings report to investors.

Garmin doesn’t always get the recognition it deserves. The wearables market is becoming an increasingly crowded space, but Garmin has managed to hold its own against strong competitors. 

For the last few years, Garmin has posted record sales and its stock is up more than 20% year to date. And just last week, the company released its second-quarter earnings report which showed continued progress toward the company’s sales goals.

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Disappointing Q2 Earnings Drive Uber Stock Drop

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Uber shares take a dip after weak earnings…

Uber shares plunged by as much as 12% on Thursday after the company released its Q2 2019 earnings report. The rideshare company failed to meet Wall Street’s expectations for the quarter, and the report left a lot for investors to be concerned about.

The most worrying detail from the press release may be the company’s net losses, which reached an astounding $5.24 billion. These losses are largely due to stock-based compensation from the company’s IPO in May.

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Weight Watchers Stock Has Its Best Day Since 2015

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Analysts are enthusiastic after the company released a better-than-expected earnings report. 

It’s been a rocky year for weight-loss company Weight Watchers. The company’s shares are down more than 60% from a year earlier as it struggles to hang onto its subscriber base. 

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Lyft Remains Stagnant Despite Strong Q2

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Lyft’s Q2 earnings report sparks short-lived gains…

Lyft released a strong Q2 earnings report on Wednesday. This comes just a few months after the company’s disappointing IPO.

The release revealed stronger-than-expected sales and revenue, which sparked a 13% increase in share prices during after-hours trading.

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Aurora Cannabis Shares Rise on Production Guidance Updates

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The company released its fiscal fourth-quarter guidance this week … and things look smokin’ hot. 

Cannabis companies are a hot topic on Wall Street. Increasingly, states in the U.S. are passing legislation legalizing cannabis and it is likely that at some point, federal legislation will be passed.

The Canadian company Aurora Cannabis continues to be one of the most highly regarded companies in the Canadian cannabis industry. It leads the market in production capacity and has the largest global presence in the cannabis sector. 

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Why Did Disney Miss Q3 Expectations?

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Disney stock drops after disappointing earnings…

Not a great start to the week for Disney investors. The company released its third-quarter financial results yesterday, which missed Wall Street’s expectations.

After the company’s Q3 earnings were made public, Disney’s stock dropped 4% in after-hours trading.

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Senators Eye Google’s Use of Temps and Contractors, Request Better Conditions and Benefits

By AnswerStock•

Could a new effort by U.S. legislators change the game in terms of how big tech companies manage their labor forces?

U.S. lawmakers want to hold Google accountable for its labor practices.

A letter sent out July 25 takes aim at Google’s use of independent contractors and temp workers, of which the company employs over 120,000. That’s 19,000 more people than the company has on its roles as regular full-time employees.

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