Breaking News
Mar 15, 2023
-
Cvent Holding Corp said revenue in the fourth quarter increased to $107.8 million from $93.7 million and net loss shrank to $19.1 million from $22 billion and diluted loss per share fell to 4 cents from 5 cents a year ago.
Revenue in the full-year 2022 increased to $630.6 million from $518.8 million and net loss increased to $100.2 million from $86.0 million and diluted loss per share rose to 21cents from 20 cents a year ago. -
Emerald Holding, Inc said revenue in the fourth quarter increased 127.7% to $93.6 million from $41.1 million and the event management company swung to a profit of $22.4 million from a loss of $8.9 million and diluted earnings per share was 6 cents compared to ($0.26) a year ago.
Fourth quarter 2022 organic revenue, which excludes recent acquisitions of Advertising Week and MJBiz, increased 27.2% from the previous year to $52.9 million, reflecting a $10.4 million increase in revenues from events that traded in both periods, $1.9 million from newly launched events and $1.4 million from increased subscription software revenues partially offset by softness in other marketing services.
Revenue in the full-year 2022 increased 124% to $32.59 million from $145.5 million and the company swung to a profit of $130.8 million from a loss of $79.7 million and diluted earnings per share was 46 cents from ($1.42) a year ago. -
The consumer price inflation eased to 6.0% in February from 6.4% in January, the U.S. Labor Department reported Tuesday. The price increase was the smallest since September 2021.
The shelter index was the largest contributor to the overall inflation accounting for 70% of total increase in the month.
Core prices excluding food and energy accelerated to 0.5% in February from 0.4% in January and rose 5.5% on an annual basis. The energy index slowed to 5.2% in February from 8.7% in the previous month, the food index increase slowed to 9.5% from 10.1% but the shelter index jumped to 8.1% from 7.9%. -
Cvent Holding Corp agreed to be acquired by Blackstone controlled private equity funds for $8.50 a share or $4.6 billion of enterprise value.
-
GitLab Inc plunged 32.6% to $30.71 after the cloud computing software company estimated sharply lower revenue in 2024.
The software services provider estimated revenue to fall between $529 million and $533 million in 2024.
Revenue in the fourth quarter increased 58% to $122.9 million from $77.8 million and loss attributable to shareholders fell to $38.7 million from $45.8 million and diluted loss per share shrank to 26 cents to 32 cents a year ago. -
U.S. Treasury bond yields declined sharply and extended 3-day losses not seen since 1987 after investors grappled to understand the implications of the sustained rate hikes on small and mid-sized banks, depositor behavior and high yield bonds issuers and investors.
The rapid collapse of Silicon Valley Bank, Signature Bank and Silvergate Capital raised questions about the fragility of the U.S. banking system and lax oversight from the banking regulators. -
Total nonfarm payroll employment increased 311,000 in February following the downwardly revised 504,000 in January, the U.S. Bureau of Labor Statistics reported Friday. Both the unemployment rate, at 3.6%, and the number of unemployed persons, at 5.9 million, edged up in the month.
February payroll gain took the six-month average to 343,000 with notable job gains occurring in leisure and hospitality, retail trade, government, and health care.
In February, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents, or 0.2%, to $33.09 and increased 4.6%. -
BJ's Wholesale Club Holdings Inc said revenue in the fourth quarter ending on January 28 increased 13.1% to $4.9 billion from $4.3 billion a year ago.
Net income rose 20.7% to $129.8 million from $1107.6 million and diluted earnings per share rose to 95 cents from 78 cents a year ago.
Total comparable club sales increased 9.8% and comparable club sales, excluding gasoline sales advanced 8.7% from the previous year.
Membership fee income increased 8.0% from the previous year in the quarter to $101.8 million and the company achieved a record 90% tenured member renewal rate. -
Life Time Group Holdings Inc increased 2.0% to $17.83 after the fitness center chain operator reported a rebound in revenue.
Revenue in the fourth quarter increased 31.1% to $472.7 million and the company swung to net income of $13.7 million from a loss of $304.8 million and diluted earnings per share was 7 cents compared to a loss of $1.64 in the previous year.
Comparable center sales rose at a slower pace of 26% from 52% in the year ago and membership increased 11.7% to 725,206. Average monthly dues per center membership increased approximately 20% to $162.0.
In the full-year 2022, revenue increased 38.3% to $1.8 billion and net loss shrank to $1.8 million from $579.4 million and diluted loss per share fell to 1 cent from $3.73 a year ago. -
MongoDB Inc said revenue in the fourth quarter increased 36% to $361.3 million and net loss declined to $64.4 million from $84.4 million and diluted loss per share fell to 93 cents from $1.26 a year ago.
In the full-year 2022, revenue increased 47% to $1.28 billion and net loss increased to $345.4 million from $306.9 million and diluted loss per share rose to $5.73 from $4.75 a year ago.
The company guided full-year 2023 revenue in the range of $1.48 billion and $1..51 billion, indicating a slower revenue growth than in 2022.
Mar 14, 2023
Mar 13, 2023
Mar 10, 2023
Mar 9, 2023