— 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.
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