Buy the rumor, goes the old Wall Street saying, sell the news. And that may have been what happened with Affirm’s stock Thursday evening after the market closed, when investors sent the shares down 11% on the heels of a massive runup into earnings that...
Small businesses are having big problems in today’s economy. Business bankruptcy rates jumped 30% between September 2022 and September 2023, as macro factors like record high interest rates and the end of pandemic relief increasingly challenged the rosiness of small businesses’ prospects. And as PYMNTS reported, small businesses are...
Digital commerce firm Lightspeed continues to see success from its unified payments platform. The combined point-of-sale (POS) and payments platform, which debuted last year, helped increase the company’s gross payments volume (GPV) by 69% this year, management said during an earnings call Thursday (Feb. 8). Revenues were up 27%...
Slowing growth. A churning of inactive accounts. A slew of puts and takes dominated PayPal’s earnings Wednesday (Feb. 7), and a number of flat metrics sent investors headed, at least initially, for the exits in after-hours trading. The stock was down 7% Wednesday evening. Revenue...
It has been a good year for Mattel, and the toy giant is looking to capitalize on the recent surge in enthusiasm to drive digital and direct-to-consumer (D2C) sales. In a presentation shared with analysts Wednesday (Feb. 7) accompanying the company’s fourth quarter and full-year...
CVS Health announced profitable fourth-quarter (Q4) and full-year earnings on Wednesday (Feb. 7), crediting initiatives to improve primary care and expand omnichannel health services. These efforts aim to provide consumers with accessible care options, whether in-person, virtually or at home, the company told investors on a call. In terms...
Uber Technologies’ most recent fourth-quarter results, released Wednesday (Feb. 7), show increased cross-selling among members taking advantage of mobility and delivery, and increased use of the platform with a growing roster of users. Supplementals released by the company detail that the active consumers were up 15% year...
Taco Bell parent Yum Brands is continuing its investment in digital technology. During a quarterly earnings call Wednesday (Feb. 7), CEO David Gibbs noted that digital sales were up 22%, as the company dealt with challenges, including conflicts in the Middle East and shifting consumer...
Ant Group reportedly saw a 92% decline in its quarterly profit. The FinTech company continues to face challenges in reviving its business amid an economic downturn and regulatory scrutiny, Bloomberg reported Wednesday (Feb. 7). Ant Group’s profit contributed 80 million yuan (about $11 million) to...
