Shopify Inc reported quarterly revenues increased 22% but swung to net loss and guided lower revenue growth in the second-half. The company announced plans to acquire Deliverr for $1.2 billion.
SHOP
SHOP
Tripadvisor quarterly revenues surged and net loss shrank sharply as people begin to travel and dine outside.
TRIP
TRIP
Wayfair reported quarterly sales declined and a loss after fewer customers shopped on the online home furnishing platform.
W
W
Starbucks revenues increased 15% in the latest quarter driven by a stronger sales increase in the U.S. offset by sales decline in China, the second largest market for the coffee chain. Operating margins also declined on the rising wages and supply chain costs.
SBUX
SBUX
Shutterstock reported first quarter 2022 quarterly revenues rose 9% but net income declined 10%. CEO Stan Pavolysky also resigned as CEO and a director.
SSTK
SSTK
Expedia Group revenues in the quarter surged as travel rebounded and hotel bookings surged from the previous quarter and a year ago. Gross bookings surged 58% to $24.4 billion but still 15% below first quarter 2019 levels.
EXPE
EXPE
Chegg Inc reported first quarter revenues and earnings that were ahead of expectations but the company revised lower 2022 revenue outlook on lower demand for its higher education support services.
CHGG
CHGG
Hub Group reported record quarterly revenues on strong freight demand conditions and lifted 2022 revenues and earnings estimate ranges.
HUBG
HUBG
National Instruments revenues rose 16% in the first quarter and new orders jumped 27%. The company missed revenues expectations set by analysts and offered wider than expected annual earnings range.
NATI
NATI
Exxon Mobil Corp first quarter revenues increased 52% on higher oil prices and net doubled from a year ago despite a charge of $3.4 billon related to Sakhalin oil field business exit from Russia.
XOM
XOM
The company guided that supply chain problems are persisting longer than anticipated and consumers are holding back from purchasing new computers on rising inflation.
INTC
INTC