Shift4 Payments Inc. reported fourth-quarter FY21 gross revenue growth of 89 percent year-on-year to $399.4 million, beating the consensus of $382.9 million. Gross revenue minus network fees were up 65 percent Y/Y to $146.9 million. End-to-end payment volume climbed 97 percent Y/Y to $13.4 billion. Adjusted EPS of $0.08 missed the consensus of $0.18. Adjusted EBITDA improved…
Shift4 Clocks 89 Percent Revenue Growth in Q4; Reveals Deals for Global Expansion, Crypto Capabilities
Cars.com Clocks 3 Percent Revenue Growth in Q4; Plans $200 Million Buyback
Automotive marketplace platform Cars.com Inc. reported fourth-quarter FY21 revenue growth of 3 percent year-on-year to $158.30 million, marginally missing the consensus of $158.37 million. Average Monthly Unique Visitors improved 6 percent Y/Y to 23.6 million. Traffic (Visits) of 134.0 million dropped 3 percent Y/Y. Monthly Average Revenue Per Dealer of $2,333 was up 3 percent Y/Y, driven…
Sinclair’s Q4 Revenue Misses Consensus Due to Cyber Incident, Absence of Political Revenue; Hikes Dividend
Sinclair Broadcast Group Inc. reported a fourth-quarter FY21 revenue decline of 2 percent year-on-year to $1.48 billion, missing the consensus of $1.56 billion. Lost revenues due to the cyber incident and the absence of political revenues in a non-political year affected the revenue growth. Total advertising revenues of $383 million decreased 31 percent Y/Y. Distribution revenues…
Tower Semiconductor Clocks 19 Percent Revenue Growth in Q4
Tower Semiconductor Ltd. reported fourth-quarter FY21 revenue growth of 19 percent year-on-year to $412.1 million, missing the consensus of $430.2 million. It posted a 28 percent organic growth. The gross profit was $100 million, up 44 percent Y/Y. Adjusted EPS of $0.55 beat the consensus of $0.45. It generated $134 million in operating cash flow. It…
Trimble Clocks 12 Percent Revenue Growth in Q4; Issues FY22 Guidance
Trimble Inc. reported fourth-quarter FY21 revenue growth of 12 percent year-on-year to $926 million, beating the consensus of $895.6 million. Annualized recurring revenue was $1.41 billion, up 9 percent Y/Y. Product revenue grew 14.6 percent Y/Y to $562 million. Service revenue was flat at $165.1 million. Subscription revenue rose 14.2 percent Y/Y to $198.9 million. The…
Sirius XM Clocks 8 Percent Revenue Growth in FY21 Backed by Subscriber Addons; Declares Special Cash Dividend
Sirius XM Holdings Inc. reported FY21 revenue growth of 8 percent year-on-year to $8.7 billion. Sirius reported fourth-quarter FY21 revenue growth of 4 percent Y/Y to $2.28 billion above the consensus of $2.25 billion. CEO Jennifer Witz said, “2021 was an outstanding year across the board. We added more than one million net new SiriusXM self-pay subscribers…
Akoustis Clocks 96 Percent Sequential Revenue Growth in Q2; Issues Positive Q3 Outlook
Akoustis Technologies Inc. reported second-quarter FY22 revenue growth of 96 percent quarter-on-quarter to $3.67 million, missing the consensus of $3.78 million. “Despite the ongoing macro headwinds presented by both COVID and semi-conductor supply chain shortages, Akoustis was able to achieve record revenue and unit growth in the December quarter and we expect that growth to continue….
SAP Clocks 3 Percent Revenue Growth in Q4 Backed by Cloud Strength; Issues Robust FY22 Outlook; Aims to Acquire Taulia
SAP SE reported fourth-quarter FY21 revenue growth of 3 percent year-on-year to €7.98 billion at constant currencies. Cloud revenue increased 24 percent Y/Y to €2.61 billion at CC. S/4HANA cloud revenue grew 61 percent Y/Y to €329 million at CC. Software licenses revenue declined 17 percent Y/Y to €1.46 billion at CC. Cloud and software revenue…
Intel Posts Record Quarterly Revenue, Sees Supply Strains Through Year
January 27, 2022
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Chipmaker Intel Corp. posted record fourth-quarter revenue, but forecast first-quarter earnings short of Wall Street expectations, as the world’s largest chipmaker faces challenges linked to persistent global supply chain problems. Intel shares, which initially fell about 3 percent in late trade, recovered some ground after the company expressed confidence in demand for its chips and…
Xerox Registers 7.9 Percent Revenue Decline in Q4; Sees Top-Line Growth in FY22
Xerox Holdings Corp. reported a fourth-quarter FY21 sales decline of 7.9 percent year-on-year, to $1.78 billion, missing the consensus of $1.82 billion. Adjusted EPS of $0.34 beat the consensus of $0.33. Equipment sales declined 24.7 percent Y/Y, while Post sale revenue decreased 1.9 percent Y/Y. Sales in the Americas declined 9.3 percent Y/Y, and EMEA decreased…
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