Google, Spotify, Shopify and Boeing reported their earnings and this is how they did.
- Posted on April 28, 2021
- Stock Market
- By admin
Google Alphabet company reported its earnings today and announced a record profit. GOOGL quarter earnings came in at $26.29 per share, with a revenue beat. Also, Google's parent company announced a $50 billion share buyback.
The stock is up over 5 percent premarket.
Spotify earning report
The music streaming company reported a lower than expected loss, $0.30 per share for this recent quarter, a year ago it reported $0.22 per share but beat revenue estimates. Also, it reported a 24% increase in monthly users. Spotify shares are down by 7 percent pre-market.
Shopify a marketplace for businesses hosts their online store, an e-commerce platform provider. Shopify stock soars 5.5% in the premarket after reporting a higher-than-expected earning revenue in its most recent quarter.
"Shopify (SHOP) – The e-commerce platform provider’s stock rallied 5.5% in the premarket after reporting better-than-expected earnings and revenue for its latest quarter. Shopify continues to benefit from the boom in online shopping.
Boeing (BA) – Boeing lost $1.53 per share, compared to a consensus forecast for a loss of $1.15 per share. Revenue was better than expected, although the jet maker said the global pandemic continues to challenge the overall market environment. Boeing fell 1.2% in premarket trading." - CNBC
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