Upwork Shares Tumble 7% On Wider Q3 Loss, Missing Street View

Shares of freelancing platform Upwork Inc. (UPWK) are sliding 7 percent on Thursday’s trading as the company reported wider loss in the third quarter and missed the Street view for a profit.

During the three-month period, the company posted net loss of $9.3 million or $0.07 per basic share, higher than net loss of $2.7 million or $0.02 per basic share in the same period last year. On average, 4 analysts polled by Thomson Reuters expected the company to post net income of $0.01 per share in the quarter.

Excluding items, income was $4.8 million in the third quarter, compared to $5.0 million in the year-ago period.

Quarterly revenues climbed 32 percent to $128.1 million from $97 million in the previous-year period.

Currently at $51.45, the stock has traded between $18.24 and $64.49 during the past 52 weeks.

Terex Slash FY Outlook

Connecticut-based machinery manufacturing company, Terex Corporation (TEX), has slashed its outlook for the full year. The company forecast earnings in the range of $2.75 to $2.85 per share for the full year. The prior outlook for earnings was in the range of $2.85 to $3.05. On average 15 analysts polled by Thomson Reuters currently expect earnings of $2.82 for the full year.

The company expects revenues to be $3.85 billion for the year, down from prior guidance of $3.90 billion. Analysts’ estimate for revenue is $3.86 billion for the same period.

Chairman and Chief Executive Officer John L. Garrison, Jr. said, “We will close out the full year 2021 with a strong backlog, continued cost discipline, and positive free cash flow. We remain confident in our team’s ability to manage through current market conditions and emerge with stronger customer and supplier relationships. We will continue our investments to enable longer-term growth.”

Bobo’s Almond Butter Protein Bars Being Recalled For Undeclared Peanuts

Bobo’s recalled one lot of Bobo’s 4-pack Almond Butter Protein Bars for potentially containing undeclared peanuts, the U.S. Food and Drug Administration or FDA said in a statement.

The recall was initiated after it was discovered that product containing peanuts was distributed in packaging that did not reveal the presence of peanuts on the ingredient deck.

The company warned that the consumption of the product by people allergic or having severe sensitivity to peanuts could lead to serious or life-threatening allergic reactions.

The Boulder, Colorado-based company said it has received a consumer notification about an allergic reaction and this has been the only consumer notification to date due to the consumption of the recalled product.

The recall involves 2.2-oz Almond Butter Protein Bars sold in a 4-pack, which can be identified by the lot code 1H18403L found on a stamp on the back of the bar with Best By date of 5/15/2022. The company noted that no other product with this best buy date was impacted.

The recalled Almond Butter Protein Bars were distributed through select Target stores across the U.S.

Bobo’s urged consumers who have purchased the affected lot to return the product to where it was purchased to request an exchange or full refund if there is an allergy concern. They should also not consume it and discard the affected product in a secure place.

In March also Bobo’s had recalled one lot of Bobo’s Maple Pecan Oat Bars for containing undeclared peanuts.

Avid Bioservices Jumps 13% On Entry Into S&P SmallCap 600 Index

Shares of biotechnology company Avid Bioservices, Inc. (CDMO) are rising 13 percent on Tuesday’s trading after the company announced that it would be added to the S&P SmallCap 600 Index, effective before trading begins on Friday, October 29.

Commenting on the development, Nick Green, President and Chief Executive Officer of Avid Bioservices, said, “We are pleased to be added to the S&P SmallCap 600 Index as it is a further demonstration of the momentum that Avid continues to generate as we successfully execute against our comprehensive growth strategy.”

Currently at $29.52, the stock has traded between $6.99 and $29.81 during the past 52 weeks.

TIM Q3 Profit Declines; Revenues Down 2.1%

TIM (TIAOF.PK) reported that its Board approved the Financial Report at September 30, 2021. The Group’s organic EBITDA in the third quarter was 1.7 billion euros, down 5.9% from prior year. Group After Lease EBITDA was 1.5 billion euros, a decline of 7.6%.

Third quarter profit to owners of the parent declined to 159 million euros from 500 million euros, a year ago. Operating profit (EBIT) was 484 million euros compared to 585 million euros, last year.

Revenues for the third quarter was 3.84 billion euros, down 2.1% from prior year. Revenues from services were 3.5 billion euros, for the quarter. Total operating revenues and other income declined to 3.88 billion euros from 3.93 billion euros.

Phunware Shares Gain 16% On Entry In Epic App Orchard

Shares of enterprise cloud platform Phunware, Inc. (PHUN) are climbing 16 percent on Wednesday’s trading after the company announced that it had successfully completed Epic’s comprehensive integration process and its mobile Digital Front Door healthcare solution will now available on the Epic App Orchard marketplace.

Phunware’s Multiscreen-as-a-Service Digital Front Door helps hospitals and clinics to be connected with their patients via mobile, thus offering the best care possible.

Currently at $5.07, the stock has traded between $0.60 and $24.04 during the past 52 weeks.

Is YouTube down? US East Coast left without access to video site after apparent outage

YOUTUBE went down on October 28 as many users were reporting the online video platform was down.

People who tried to visit the site were met with various problems.

1

Is Youtube down?

The website Down Detector reported over 6,000 reports about the outage in the last 24 hours, which peaked at around 3 PM ET.

It appeared as if the platform was only causing difficulties for mobile users.

People immediately took to Twitter to express their confusion.

One user tweeting to @Youtube asking "Is Youtube down in mobile browsers or something like that?"

The problem effected viewers and content creators alike with one creator tweeting "YouTube is down so the video will be uploaded again tomorrow! Sorry guys ."

How can I check if Youtube is not working?

Those who may be experiencing difficulties with Youtube can check another social media app such as Twitter for reports.

If you don't have a Twitter account Down Detector will tell users when the apps are down or experiencing difficulties.

If it appears the problem may not be widespread, try checking the internet connection on your device or exiting the app before logging back in.