Categories AlphaGraphs, Earnings, Technology
ZDGE Earnings: Zedge turns to profit in Q3 on strong revenue growth
Content distribution platform Zedge, Inc. (NYSE: ZDGE) reported profit for the third quarter of 2021, compared to a loss last year, as revenues more than doubled year-over-year. The company’s stock gained Thursday evening soon after the announcement.
Third-quarter net income was $1.9 million or $0.13 per share, which marked an improvement from last year’s loss of $0.3 million or $0.03 per share. Analysts had forecast a lower profit for the latest quarter.
Driving the turnaround, revenues more than doubled to $5.25 million and topped Wall Street’s expectations. The company had 34.5 million active users at the end of the quarter.
Read management/analysts’ comments on Zedge’s Q3 earnings
Zedge’s shares rose 45% since last month and closed Thursday’s regular session higher. The stock gained further during extended trading, immediately after the announcement.
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DG Earnings: All you need to know about Dollar General’s Q1 2023 earnings results
Dollar General Corporation (NYSE: DG) reported its first quarter 2023 earnings results today. Net sales increased 6.8% year-over-year to $9.3 billion, driven mainly by positive sales contributions from new stores and
HRL Earnings: Key highlights from Hormel Foods’ Q2 2023 financial results
Hormel Foods Corporation (NYSE: HRL) reported second quarter 2023 earnings results today. Net sales of $3 billion were down 3.8% year-over-year. Net earnings attributable to Hormel Foods Corporation were $217.2
Everything you need to know about Salesforce’s Q1 2024 financial results
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