Lyft reports record earnings - Adidas shares take a jump Tesla's stock split Yelp's website traffic predict good times - Investing and finance ...
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Week of August 08, 2022
Adidas shares
take a jump
Tesla’s stock split
Yelp’s website
traffic predict
good times
Lyft reports record
earnings
Lyft, the ride-hailing company, posted record earnings in the second half
of the year.
Markets
Nikkei 225 Bovespa DAX 30 FTSE 100
BMV Ipc
Index Index Index Index
28,249.24 108,034.04 47,340.05 13,711.16 7,492.46
+73.37/+0.26% +1,562.12/+1.47% +616.62/+1.32% +137.23/+1.01% +52.72/+0.71%
London, UK
(FTSE 100 Index) Frankfurt, Germany
(DAX 30 Index)
New York, USA
(Dow Jones Industrial Average) Tokyo, Japan
(Nikkei 225 Index)
Shanghai, China
(SSE Composite Index)
Mexico City, Mexico
(BMV IPC) Mumbai, India
(BSE SENSEX)
Singapore
(Straits Times Index)
São Paolo, Brazil
(Bovespa Index)
Johannesburg, South Africa
(JSE Top 40)
SSE Composite Straits Times
Dow Jones BSE SENSEX JSE Top 40
Index Index
3,236.93 3,270.98 33,017.57 58,853.07 63,770.91
+9.91/+0.31% -11.90/-0.36% +214.10/+0.65% +465.14/+0.80% +656.90/+1.04%
Market news
The S&P 500 index declined on Friday
on the back of losses in Tesla and
other tech-related stocks. These
negative numbers come in the wake
of the jobs report that increased
optimism that the Federal Reserve
may abandon its anti-inflation
campaign.
The S&P 500 declined 0.16% and
ended the session at 4,145.19 points.
Meanwhile, the Nasdaq fell 0.50% to
12,657.56 points, and the Dow Jones
rose 0.23% to 32,803.47 points. Over
the week, the S&P 500 and Nasdaq
indexes rose 0.4% and 2.2%,
respectively, while the Dow Jones
declined 0.1%.
F
F
Wild Card
Is advertising the next big revenue generator for Apple?
Last Week’s Highlights
Lyft reports
trecord earnings
Lyft, the ride-hailing company, posted record
earnings in the second half of the year. This
company focuses on matching passengers and
drivers to complete rides and introducing new
programs for users with different pricing. Lyft's
results for the second half of 2022 show that the
ridesharing market appears to be slowly gaining
momentum as the world overcomes the obstacles
imposed by the pandemic. Lyft's earnings beat
Wall Street estimates and the company's stock
rose more than 8% in extended trading. Lyft sees
room available for growth in their business, so
they forecast operating profit of $1 billion by 2024.
Last Week’s Highlights Adidas shares take a jump D espite setbacks such as rising supply chain costs, store closures in China by Covid-19, and the suspension of business activities in Russia, Adidas reported strong results for the second quarter of the year. The company had significant growth in Western markets, which was one of the most important factors for the positive results, according to Adidas CEO, Kasper Rorsted. "Our Western markets continued to show strong momentum in the second quarter amid increased macroeconomic uncertainty. With Asia-Pacific returning to growth, the combined markets that account for more than 85% of our business grew at a double-digit pace," he stated. Adidas' earnings were €1.88 per share, and its revenues rose 10.2% to €5.6 billion.
Coming Up This Week
Tesla set August 25 as the day when the three-for-one stock split will be
Tesla’s traded. On Thursday, the company's annual meeting was held where
shareholders voted in favor of the re-election of directors and the stock
stock split. This means that each Tesla shareholder of record on August 17 will
get a dividend of two additional shares for each share held. This change
split could come in handy for the electric vehicle maker because share prices
could become more affordable and there will likely be a larger number of
shareholders.Coming Up This Week Yelp’s website traffic predict good times Yelp reported very strong results for the second quarter of 2022 and its shares rose 14.5%. Since Q4 2021, traffic within Yelp's website has increased globally across all available devices. In this year’s second quarter, the site reached 350.6 million visits, 15% higher than the figures achieved during the previous six-month period. On the other hand, Yelp's revenues exceeded estimates and reached an all-time high of 298.9 million dollars. Likewise, earnings per share were at $0.11, beating expectations by $0.12. "We are particularly pleased with advertiser demand in our services categories, which once again drove record advertising revenues. With revenue from our self-service and multi-location channels now accounting for 49% of total advertising revenue, it is clear that our strategy is working," said the company's chief financial officer, David Schwarzbach.
More Things to Sip On…
· Musk challenges Twitter CEO to public debate.
· DoorDash bounced 12% despite Q2 loss.
· Expedia shares trending higher.
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