q2earnings
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The miss is likely to weigh on shares although the rest of the Q2 earnings print seems solid, including the modest lift to the full-year forecast. The company also said it will transition its enterprise business to cloud subscriptions from licensing models to take advantage of the faster-growing market. Market Was Expecting More From CloudSAP said that it generated Q2 revenue of 7.55 billion euros ($8.4 billion), just below the expected 7.6 billion euros. Cloud revenue was up 19% year-over-year to 3.32 billion euros, missing the analyst target of 3.40 billion euros. “This has been another stro...
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Twitter Inc (NYSE:TWTR) partially blames Tesla Inc (NASDAQ:TSLA) CEO Elon Musk for its surprise revenue miss, claiming that “uncertainty” stemming from his pending purchase resulted in headwinds in the ad industry and caused its revenue shortfall. The social network also missed consensus estimates for earnings and user growth in the second quarter. Meanwhile, Snapchat parent Snap Inc (NYSE:SNAP) also posted disappointing results, sending its stock into freefall in early-morning trades. Q2 2022 hedge fund letters, conferences and more Twitter Announces Q2 2022 Earnings ResultsQ2 2022 hedge fund...
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Royal Mail PLC (LON:RMG) reported a 7.1% year-on-year increase in first half revenues, reaching £6.1bn. That reflects good growth internationally, a modest recovery in UK letters and growth in UK parcel revenues. Q3 2021 hedge fund letters, conferences and more Underlying operating profits came in at £404m, up from £37m a year ago, as the group saw the benefits of past restructuring efforts, increased automation and easing COVID restrictions. The group announced an interim dividend of 6.7p per share. Royal Mail also announced plans to return £400m to shareholders, with a £200m buyback and £200...
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British Land Company PLC (LON:BLND)’s half year underlying profit rose 12.1% to £120m, reflecting a 10% increase in net rental income, to £210m, driven by a reduction in money set aside for debtors and tenant incentives, as covid-related uncertainty eased. 96% of first half rent was collected. [soros] Q3 2021 hedge fund letters, conferences and more Including the upwards revision of the value of its property portfolio, the group reported a £370m profit after tax, compared to a £730m loss last year. So far this year, the group’s made £501m worth of acquisitions. Several logistics purchases mean...
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