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What happened Shares of ThredUP (NASDAQ: TDUP) popped today after the clothing resale specialist posted better-than-expected results in its second-quarter earnings report even as growth remains slow and the company is unprofitable. The stock closed up 26.1% on the news. So what Revenue rose 8% to $82.7 Active buyers were down 0.8%
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. The online real estate company streamlined home sales by making instant cash offers for homes, repairing those properties, and relisting them for sale on its online marketplace.
Etsy: 93% implied upside Etsy runs multiple online marketplaces, including Depop for fashion resale and Reverb for musical instruments. The company is using artificial intelligence to not only personalize search results but also to selectively surface high-quality products. But investors still have reason to be cautiously optimistic.
Cathie Wood is the head of Ark Investment Management, which operates several exchange-traded funds (ETFs) focused on innovative technology companies. Tesla's passenger EV business is struggling at the moment When Tesla stock came public in 2010, few analysts believed the company would succeed in mass-producing EVs. Image source: Tesla.
We are taking the right steps to shape DXC into a company that consistently delivers revenue growth and expanded margins, EPS, and free cash flow. In the quarter, we were impacted by a slowdown in customer expenditures, this is mainly the resale of IT equipment, such as PCs, networking gear and servers and project work.
The company also recorded a $1 billion impairment charge in the quarter due to a decline in its fleet residual values. Adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) fell from a profit of $359 million in the prior-year quarter to a loss of $157 million this time due to increased vehicle depreciation.
There wasn't any news specific to Opendoor in April, but the market was pessimistic due to stubborn inflation, and companies like Opendoor that are affected by inflation took a strong hit from the negative sentiment. It sold 3,078 homes for $1.2 billion, more than its guidance for a high of $1.1 Gross profit was $114 million with a 9.7%
It should lead to improvements in spending, which will lift revenue at retailers and other companies across the country. That's good for business overall, but it's crucial for some companies that have been experiencing a serious downturn in sales. For example, the company purchased 4,771 homes in the second quarter.
Revenue inched up 0.8%, helped by higher fees, but adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) and net income both declined. Other consumer discretionary companies have returned growth as well. million, showing the company is having trouble attracting new customers. Image source: Etsy.
I believe we have a global team that is reenergized to make the company better and more effective. In short, we are a key strategic technology partner, supporting global insurance companies with their customers, their agents, and their employees. This is a core competency of the company. SG&A was 8.7%
In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss: How Instacart makes its money What it means to be a grocery technology company Whether a strong Instacart IPO would be a good sign for the market Deirdre and Motley Fool analyst Alicia Alfiere break down how Live Nation profits from blockbuster tours.
Howard and Andrew, combined with Chris, who runs ITO, gives us three former CXOs of Fortune 500 companies, leading almost 70% of our revenue. year-to-year decline, 160 basis points came from a reduced level of low-margin resale revenues, which was in line with our expectations. Zack Ajzenman -- Cowen and Company -- Analyst Hi.
Motley Fool host Ricky Mulvey interviews John Carrington, CEO of energy solutions company Stem , on the company's business model and path to operating profitability. I do think that you're seeing brands, you're seeing companies find the value in this native organic placement. If Oscar buzz is still powerful for moviemakers.
He began his career covering the homebuilders and mortgage insurance companies, but over time, expanded his expertise into title insurance, mortgage origination, prop tech, home improvement, home furnishings and, of course, the residential brokerage industry. In discussing our company's performance, we will refer to some non-GAAP measures.
In discussing our company's performance today, we will refer to some non-GAAP measures. million annual resale transactions in time. Agent retention remains high as our principal agent quarterly retention was 97%, a number we have consistently reached since becoming a public company in April 2021. million to 5.5 Please go ahead.
These gains were partially offset by 40 basis points from higher depreciation and amortization related to investments in production capacity, 40 basis points from higher customization costs given the continued growth of our custom offerings. Baird and Company -- Analyst Hi, guys. Baird and Company -- Analyst OK. Thanks, guys.
It's a little bit of a lofty multiple [inaudible] for this company. Foley has been with the company for about a decade, very experienced in this space. Supply chain and inventory dynamics continue to be a part of the story with companies like General Mills. It's not a cheap stock still, so to speak. Jason Moser: I'm an OG.
The real estate technology company, once a market darling, has been crushed under the weight of higher interest rates. Learn More Why Opendoor could disrupt real estate Opendoor is one of several real estate companies that are using digital means to disrupt the industry. Real estate is one of the largest industries in the U.S.,
As a result, operating profit of the entire company marked the highest-ever quarterly profit, over 484.7 Free cash flow of operating companies, excluding financial business operations, was 73.9 The outlook for capital investment, depreciation and amortization, and R&D expenditures for FY '25 remains unchanged. billion yen.
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