Breaking News
Feb 13, 2023
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Cadence said fourth quarter revenue increased 16.4% to $899.8 million from $773 million. Net income in the quarter increased to $240.4 million from $176.5 million and diluted earnings per share rose to 88 cents from 66 cents a year ago.
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IAC said fourth quarter revenue increased 8% to $1.25 billion and the company swung to a net loss of $1.4 million from a profit of $13.0 million and diluted EPS was ($0.02) from a profit of 14 cents a year ago.
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IAC holds 64.7 million shares of MGM Resorts International and EPS reflects decreases or increases in MGM’s share price as unrealized losses and gains. IAC’s stake in MGM was purchased for $1.3 billion in 2020 and 2022 and is worth $2.8 billion as of February 10, 2023.
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Doximity said revenue in the December quarter increased 18% to $115.3 million and net income fell to $33.5 million from $55.6 million and diluted EPS fell to 16 cents from 26 cents a year ago.
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Coursera said revenue in the December quarter increased 24% to $142.2 million and net loss expanded to $51.7 million from $47.7 million and loss per share rose to 35 cents from 34 cents a year ago.
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Credit Suisse said revenue in the December quarter dropped 20% to Sfr3.0 billion and net loss shrank to Sfr1.4 billion from Sfr2.1 billion and assets under management dropped 20% to Sfr1.3 trillion.
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Dexcom said revenue in the December quarter increased 17% to $815.2 million and net income rose to $91.8 million from $5.3 million and diluted EPS increased to 22 cents from 1 cents a year ago.
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Mr. Cooper said revenue in the December quarter declined 41% to $303 million and net income plunged to $1 million from $113 million and diluted EPS declined to 1 cents from $1.55 a year ago.
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Newell said revenue in the December quarter fell 19% to $2.3 billion and swung to a loss of $249 million from a profit of $98 million and diluted EPS was ($0.60) compared to 23 cents a year ago.
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Yelp said revenue in the December quarter increased 11.6% to $303 million and net income fell to $20.1 million from $23.4 million and diluted EPS declined to 28 cents from 30 cents a year ago.
Feb 10, 2023