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0.00078730620155036 0.000605620155038725 0.000726744186046539 0.00121124031007745 0.00290697674418598 0.00078730620155036 0.00109011627906981 0.00187742248062017
Stock impact report

Spotify turns a profit as earnings and revenue beat estimates [Yahoo! Finance]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: Yahoo! Finance
The audio giant also swung to a profit as it continues to implement its recent "efficiency" strategy. Over the past year, Spotify has committed to multiple rounds of layoffs in addition to price increases and other initiatives to boost top-line growth and improve margins. The company also said it will be more intentional about future investments after spending billions on its push into the crowded podcast market. The company reported operating income of 168 million euros ($179 million) compared to a loss of 156 million euros in the prior-year period. This was below company guidance of 180 million euros as social charges came in higher than expected, "driven driven by share price appreciation during the quarter." The audio giant also guided to a strong Q2 operating income of 250 million euros, well ahead of Wall Street consensus expectations. Revenue guidance for the second quarter also came in ahead of estimates — 3.8 billion euros versus the 3.76 billion euros that was expected Show less Read more
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