Fitbit (NYSE: FIT) reported second quarter 2020 earnings results today.
Revenue dropped to $261.3 million from $313.6 million in the same period last year.
GAAP net loss amounted to $104.1 million, or $0.39 per share. Adjusted net loss totaled $31.5 million, or $0.12 per share.
A regulatory review of the proposed acquisition of the company by Alphabet’s (NASDAQ: GOOGL) subsidiary Google is underway and the European Commission started a Phase II review on Tuesday. Both companies expect to secure approvals and close the transaction in 2020 but uncertainty prevails regarding the transaction and this is exacerbated by the current pandemic environment.
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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