Beyond Meat Inc reported better-than-expected quarterly results on Tuesday as it sold more of its plant-based meat products and cut costs on packaging and labor, sending its shares up 3% after the bell.
Beyond Meat reported Q1 earnings that beat expectations as concerns about a meat-shortage rise. Yahoo Finance’s Jen Rogers, Myles Udland and Brian Sozzi discuss. …read more […]
Pinterest missed investors’ expectations on earnings per share but beat on revenue in its first-quarter earnings report. The company said monthly active users jumped 26% to 367 million globally during the quarter and it saw record levels of engagement.Pinterest withdrew its full-year outlook in April. Yahoo Finance’s Myles Udland and Jennifer Rogers break down the earnings report. …read more […]
On Tuesday, Disney announced its second-quarter earnings report which beat investors’ expectations on the top line while missing on the bottom. The entertainment company cited that coronavirus had a major impact on the parks and experiences sector, though it offered no guidance for the third quarter. Yahoo Finance’s Myles Udland and The Final Round panel break down the earnings report. …read more […]
Beyond Meat Inc posted better-than-expected quarterly sales on Tuesday, but suspended its 2020 forecast as the COVID-19 pandemic hit demand for the company’s plant-based meat products at restaurants.
Vegetarian burger maker Beyond Meat plans to offer large value packs and discounts to some U.S. retailers this summer, hoping to grab a larger share of the market as prices for beef rise due to COVID-19-related production disruptions.
Pinterest, however, withdrew its full-year outlook in April, citing growing uncertainty due to the impact of the pandemic on the economic environment and its effect on advertiser demand. Pinterest’s total revenue rose 35% to $272 million, beating analysts’ average estimate of $270.1 million, according to IBES data from Refinitiv. Pinterest generates revenue by placing advertisements next to the pins, or posts, uploaded on the site by users. …read more […]
Walt Disney Co missed market expectation for quarterly profit on Tuesday, offering the first assessment of the damage the coronavirus has wreaked on the media and entertainment giant’s global business.
Video game publisher Electronic Arts Inc forecast full-year adjusted revenue above Wall Street estimates on Tuesday, driven by higher sales in its major franchises like “FIFA” and “Apex Legends” as broader videogame sales rose with people staying at home due to the COVID-19 pandemic.
Beyond founder and CEO Ethan Brown talks with Yahoo Finance immediately following the company’s latest earnings report. …read more […]
Activision Blizzard saw net bookings jump 21% year-over-year on strong demand from homebound gamers. …read more […]
Venerable U.S. retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge, people familiar with the matter said on Tuesday.
Yahoo Finance’s Emily McCormick joins Seana Smith to break down how the coronavirus is impacting the cruise line industry. …read more […]
Airbnb Inc is laying off 25% of its workforce due to the coronavirus pandemic, impacting nearly 1,900 employees of the home rental startup, two sources familiar with the matter told Reuters.
At the Berkshire Hathaway annual meeting, legendary investor Warren Buffett explained why even though the U.S. is borrowing record sums, there is zero chance of a government default on its obligations. …read more […]
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