Revenue estimates articles
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Spotify turns a profit as earnings and revenue beat estimates
Spotify reported first quarter earnings before the bell on Tuesday. Here's what to know.
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LKQ (NASDAQ:LKQ) Misses Q1 Revenue Estimates
Automotive parts company LKQ (NASDAQ:LKQ) missed analysts' expectations in Q1 CY2024, with revenue up 10.6% year on year to $3.70 billion. It made a non-GAAP profit of $0.82 per share, down from its profit of $1.04 per share in the same quarter last year.
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Pinterest forecasts quarterly revenue above estimates on robust ad spend
The company has benefited from marketers turning to the digital platform to reach Gen Z users - more than 40% of its user base - and leverage its new AI-driven ad tools and latest ad formats, which offer better user engagement. Last month, ad group Interpublic Group's media research unit MAGNA Global said it expects the U.S. ad Market to grow by more than 9% this year to reach $369 billion. A majority of Pinterest's first quarter ad spend in the U.S. came from the shopping category at 50%,...