Breaking News
Mar 15, 2023
  • 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. 
  • EEX
  • 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. 
  • CVT
  • Lennar Corp said revenue in the fiscal first quarter ending in February increased 5% to $6.4 billion from $6.2 billion and net income rose 18% to $596.5 million from $503.6 million a year ago. Diluted earnings per share increased to $2.06 from $1.69 a year ago. 

    Home deliveries in the quarter increased 9% to 13,659 homes but new orders decreased 10% to 14,194 homes and new orders value decreased 18% to $6.4 billion. Order backlog decreased 29% to 19,403 homes and backlog value plunged 33% to $9.0 billion. 
  • LEN
  • Producer Price Index, a measure of wholesale inflation, seasonally adjusted declined 0.1% in February from the previous month, the U.S. Bureau of Labor Statistics said Wednesday. 

    The core wholesale inflation,  less foods, energy, and trade services, increased 0.2% in  February after rising 0.5% in January. 

    On an unadjusted basis, wholesale inflation rose 4.6% and core wholesale inflation increased 4.4% from a year ago.