Amazon offered something of a mixed bag for investors when it announced its earnings on Thursday (April 25). First quarter profits of $3.6 billion, or $7.09 per share, were nearly 50 percent above the $4.70 per share that analysts were forecasting. Revenue came in at...
It’s been trying times for Grubhub recently, with investors doubting its ability to withstand the fierce competition in the online food delivery business. But thanks in part to Q1 revenue gains reported on Thursday (April 25), the company was back in the good graces of...
With rocketing digital sales and a new loyalty program, Chipotle Mexican Grill exceeded analysts’ estimates for the first quarter. The quick-service restaurant (QSR) chain reported revenues of $1.3 billion and earnings per share of $3.40 compared to analysts’ estimates of $1.27 billion and $3.01 per...
Venmo took center stage during PayPal’s Q1 2019 earnings report as PayPal CEO Dan Schulman released user numbers for the first time: 40 million active monthly users, defined as a person whose used the service once in 12 months. “Venmo continues its significant momentum,” Schulman said...
Cross-border results slowed, and various currencies were headwinds to at least some international results, but spending on cards continued as Visa posted earnings that topped — and revenues that met — fiscal Q2 expectations. CEO Alfred Kelly pointed toward long-term opportunities in Europe, India and...
Payments app Venmo reached 40 million users at the end of Q1. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
Revenue for telecommunications giant AT&T missed Wall Street expectations on Wednesday (April 24), due to a loss in subscribers throughout all of its various businesses besides wireless, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and...
The expectations for eCommerce giant eBay’s quarter may have been muted, and so the company’s latest quarterly results were better than expected. In terms of the headline numbers, eBay, which has been in the midst of a restructuring program, posted a top line of $2.6...
The big banks have kicked off earnings season. One common theme has been the consumers’ continuance to spend. Across cards, across debits and credit, amid a strong economy, marked by wage growth and low unemployment, it seems the engine that drives the U.S. economy has been...
