— Etsy (NASDAQ: ETSY) reported its third-quarter 2019 earnings of $0.12 per share. This came in line with the analysts’ expectations of $0.12 per share.
— Total revenues jumped by 32% to $197.95 million versus $193.53 million expected. This is driven by growth in both Marketplace and Services revenue. Gross merchandise sales increased by 30% to $1.2 billion.
— Active buyers grew 21% year-over-year in the third quarter, and active sellers grew 27% year-over-year.
— The marketing expense, specifically the investment in the TV campaign, drove operating expenses higher by 36%.
— Looking ahead into the full year 2019, the company lifted its revenue outlook to the range of $809 million to $815 million from the previous range of $797 million to $809 million.
— Gross merchandise sales are now anticipated to rise 25% to 26% to the range of $4.9 billion to $5 billion for the full year 2019.
— Adjusted EBITDA margin forecast is narrowed to the range of $179 million to $187 million from the earlier range of $177 million to $193 million.
PepsiCo Inc. (NASDAQ: PEP) reported first quarter 2021 earnings results on Thursday that topped expectations on both the top and bottom lines. The stock has gained 7% in the past
Emerging from the slowdown caused by coronavirus, the financial services sector entered fiscal 2021 on a bright note, thanks to improving economic activity and the COVID-driven boom in stock trading.
Artificial Intelligence has become an integral part of the US economy. According to the analyst’s insights, AI market revenue in 2020 was $25.9 billion. The AI market in the North