— Bitauto Holdings Limited (NASDAQ: BITA) reported a loss of $1.16 per share in the fourth quarter of 2019, vs $0.30 profit expected.
— Q4 revenue fell 14% to $385.8 million, vs. $396.2 million expected.
— Revenue from the advertising and subscription businessQ4 was $153.7 million compared to $167 million a year ago, mainly due to the decrease in marketing spending by automakers and dealers.
— Expects to generate revenues between $244.2 million and $258.6 million in the first quarter of 2020.
— BITA shares were modestly up during pre-market trading hours.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard