Social game developer Zynga, Inc. (NASDAQ: ZNGA) reported a sharp increase in second-quarter revenues. The company’s stock gained on Wednesday evening soon after the announcement.
Mobile revenues grew 51% from last year in the second quarter, aided by double-digit growth in bookings. Total revenues climbed 47% to $451.69 million but missed the Street view.
The company reported a net loss of $150.3 million or $0.16 per share for the three-month period, compared to a loss of $55.8 million or $0.06 per share in the prior-year quarter.
Zynga’s stock climbed to an eight-year high in early July, before paring a part of the gains in the following weeks. The stock closed Wednesday’s regular trading lower but made modest gains during the extended session.
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