— China-based tech firm Qutoutiao Inc. (NASDAQ: QTT) reported an adjusted loss of $0.27 per ADS for the fourth quarter of 2019, vs. a $0.31 per ADS loss expected.
— Q4 net revenue rose 25% to $238.2 million, vs $230 million expected. Advertising and marketing revenues climbed 27% to $228.2 million, primarily due to expanded user base and ability to monetize user traffic.
— In the fourth quarter, combined average MAUs jumped 47% to 137.9 million, and combined average DAUs surged 48% to 45.7 million.
— Average daily time spent per DAU was 59.4 minutes, down from 63 minutes reported in the fourth quarter of 2018.
— Expects net revenues to grow 25-27% in Q1 of 2020.
Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared
Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.
Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06