Air Canada reported a second-quarter loss of $386 million compared with a loss of $1.17 billion a year earlier, and says it saw a nearly five-fold increase in revenue. The airline says its loss for the three months ended June 30 totalled $1.60 per diluted share, compared with a loss of $3.31 per diluted share…
This Couple Has Made $177,000 by Renting out Their Pool
Article by Gabrielle Bienasz Sometimes it pays to have a pool. Jim Battan, of West Linn, Oregon, has made revenue of $177,000 in less than two years renting out his pool through an app dubbed the “Airbnb of pools,” according to CNBC Make it. (The outlet said it verified the revenue through documentation.) Swimply, a venture-backed startup founded in…
PepsiCo Says Snacks, Sodas Could Get Pricier After Scant Consumer Pushback
PepsiCo Inc. raised its full-year revenue forecast on Tuesday and said it could increase prices further in the coming months, with the beverage giant seeing little impact on demand for its sodas and snacks despite decades-high inflation. The company’s shares rose 1.5 percent to $173 in morning trading. Pandemic-induced disruptions to the global supply chain…
Vodafone Clocks 4 percent Revenue Growth In FY22 Aided By Service Revenue Growth In Europe, Africa
Vodafone Group Plc. reported FY22 revenue growth of 4.0percent year-on-year to €45.6 billion, mainly driven by service revenue growth in Europe and Africa. The service revenue grew 2.6 percent Y/Y to €38.2 billion. Adjusted EBITDAaL grew 5 percentto €15.2 billion. The margin expanded 50 bps to 33.4 percent. The adjusted basic EPS was €0.11. The board recommended…
Telus Clocks 6.4 Percent Revenue Growth in Q1
Telus Corp. reported first-quarter FY22 operating revenues and other income growth of 6.4 percent year-on-year to C$4.28 billion. Total telecom subscriber connections grew 5.8 percent Y/Y to 17 million. In the quarter, it made 148,000 new customer additions, up 3,000 over last year, and inclusive of 46,000 mobile phones, 46,000 connected devices, 30,000 internet, 26,000 security…
Starbucks Q2 Earnings Highlights: Hits Record Q2 Revenue Despite China COVID-19 Setback, More Stores Openings Planned
Restaurant and coffee powerhouse Starbucks Corp. reported second-quarter financial results after market close Tuesday. Here are the key highlights for investors. What Happened Starbucks reported second-quarter revenue of $7.64 billion, which was up 15 percent year-over-year. The quarterly revenue was a second-quarter record for the company and came in ahead of a consensus estimate of…
United Airlines Loses $1.4 Billion in 1Q, but Expects Profit in 2Q
CHICAGO—United Airlines reported Wednesday that it lost $1.38 billion in the first quarter of 2022 but said it expects to return to profitability in the current three-month period as post-pandemic travel ramps back up. The Chicago-based airline posted revenue of $7.67 billion in the quarter that ended March 31. That was down 21 percent from…
Safe-T Releases Revenue Guidance for Q1 FY22
Safe-T Group Ltd. offered preliminary revenue guidance for the quarter ended March 31, 2022. Safe-T is a global provider of cybersecurity and privacy solutions to consumers and enterprises. What Happened Safe-T looks to report Q1’22 revenues of ~$4 million, nearly tripling its revenues compared to the $1.4 million reported for Q1’21. The Q1 results include continued…
Data Storage Clocks 97 Percent Revenue Growth in Q4 Due to Rising Cyberattacks
Business continuity solutions provider Data Storage Corp. reported fourth-quarter FY21 revenue growth of 97.1 percent year-on-year. Data Storage reported FY21 revenue growth of 59.6 percent Y/Y to $14.9 million. Data Storage achieved positive adjusted EBITDA in Q4 and FY21. The company reported FY21 EPS of $0.03 against $0.02 last year. Data Storage held $12.1 million in cash and…
Bernstein Explains How Apple Could Produce $10 Billion in Incremental Revenue
Bernstein analyst Toni Sacconaghi acknowledged that Apple Inc. had quietly built a small but growing ad business. However, Sacconaghi estimated that Apple’s ad revenue was well under 2 percent of its overall revenue. Most of Apple’s ad revenue came from the App Store ads, with modest revenue from display ads in its Apple News and Stocks apps….
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