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Top related persons:
Ethan Tandowsky - 1 CNBC's - 1 Adyen — - 1 Mark Cuban's - 1 Rosenblatt - 1 Ball - 1 Adyen - 1 Wolfspeed - 1
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Netflix - 1 Meta - 1 Microsoft - 1 Spotify - 1 PayPal - 1 Investors - 1 CNBC - 1 Apple - 1

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2 mentions found


☆ Europe's Stripe rival Adyen dives 28% after slowest sales growth on record
  + stars: | 2023-08-17 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
Here's how the company performed:Revenue of 739.1 million euros ($804.3 million) over January to June 2023, up 21% from a year ago. This came in below analyst estimates of 853.6 million euros of revenue and 40% of year-on-year growth, according to Eikon data. EBITDA (earnings before interest, tax, depreciation and amortization) of 320 million euros, down 10% from 356.3 million euros in the first half of 2022. The first-half 2023 result matches an analyst prediction of 320 million euros profit. Adyen — and other payment companies — benefited heavily in previous years from the rise in demand for e-commerce and digital payment options resulting from the Covid-19 pandemic and ensuing lockdowns.
Persons: Ethan Tandowsky, CNBC's, Adyen — Organizations: Netflix, Meta, Microsoft, Spotify, PayPal, Investors, CNBC, Apple Locations: Europe, Russia, Ukraine
☆ Stocks making the biggest moves midday: Walmart, CVS Health, Wolfspeed and more
  + stars: | 2023-08-17 | by ( Pia Singh | ) www.cnbc.com   time to read: +3 min
Cisco Systems — Shares of the computer networking giant added 4% after reporting earnings postmarket Wednesday that beat Wall Street's expectations. Adjusted earnings per share for its fiscal fourth quarter came in at $1.14, topping the $1.06 expected from analysts polled by Refinitiv. Revenue was $15.2 billion, compared with the $15.05 billion expected. The company reported adjusted earnings of $1.84 a share, ahead of the $1.71 expected by analysts polled by Refinitiv. Wolfspeed — Shares of the semiconductor developer dropped 16% following the company's earnings report after the bell Wednesday.
Persons: Mark Cuban's, Rosenblatt, Ball, Adyen, Wolfspeed, América, MSCI rebalance, —, Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin, Michelle Fox Theobald Organizations: Cisco Systems —, Refinitiv, Revenue, Walmart, Refinitiv . Revenue, Street Journal, CVS, Blue, California, CVS Caremark, Amazon Pharmacy, FactSet . Investment, BAE Systems, Nasdaq, VinFast, Citi
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