Sunday, 13 Jun 2021

Stock Alert: Square Up 6% On Swing To Profit In First Quarter

For Mother’s Day, a Healing Meditation on Mortality

An emotional episode of “The Midnight Gospel” on Netflix helped our critic process her own fears about loneliness and loss.

By Maya Phillips

Listen to This Article

To hear more audio stories from publications like The New York Times, download Audm for iPhone or Android.

Sify Q4 Profit Surges

Sify Technologies Limited (SIFY) reported that its fourth-quarter profit surged to 904 million Indian rupees from 134 million rupees in the same quarter last year.

Profit before tax was 519 million rupees up from 170 million rupees in the previous year.

Quarterly revenues rose to 6.86 billion rupees from 5.74 billion rupees in the prior year.

The company expects contracts to take slightly longer to conclude as clients take time to regain momentum.

The company said its board did not recommend the payment of dividend this year and instead advised that capital be conserved.

Best Foot Forward

By Julia Rothman and Shaina Feinberg

Julia Rothman is an illustrator. Shaina Feinberg is a writer and filmmaker. Both live in Brooklyn.

Site Index

Site Information Navigation

U.S. Treasury appoints Fed's Hsu as acting Comptroller of the Currency

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday said she will appoint Federal Reserve banking supervisor Michael Hsu as First Deputy of the Office of the Comptroller of the Currency (OCC), the U.S. agency that regulates large banks.

Hsu, currently associate director of the Fed’s supervision and regulation division, will serve as the acting Comptroller of the Currency while OCC lacks a nominee to lead it. Yellen’s plans for the Hsu appointment were first reported on Monday.

Stock Alert: Roku Gains 15% On Q1 Profit

Roku, Inc. (ROKU) shares are rising on Friday morning trade as the company reported a swing to profit in the first quarter on higher revenue.

Currently, shares are at $328.79, up 15.42 percent from the previous close of $284.18. For the 52-week period, the shares have traded in a range of $100.19-$486.72 on average volume of 4,176,427.

The streaming provider reported a first-quarter net profit of $76.29 million or $0.54 per share compared to net loss of $54.61 million or $0.45 per share last year.

Total revenue for the quarter increased to $574.18 million from $320.77 million last year.

Looking ahead to the second quarter, the company expects net profit in a range of $10-$20 on revenue in a range of $610-$620 million. On average, 24 analysts polled by Thomson Reuters expected the company to report loss of $0.23 on revenue $555.64 million.

‘Vax Live’ must-see moments: Jennifer Lopez’s emotional duet, Prince Harry’s salute and Foo Fighters’ surprise guest

INGLEWOOD, Calif. – More than 20,000 vaccinated music fans were excited to attend the biggest concert in the Los Angeles area since the start of the COVID-19 pandemic, but the performers at Global Citizen’s “Vax Live: The Concert to Reunite the World” might have been the happiest of all.

“How y’all doing, LA? This is a rock concert!” Dave Grohl of Foo Fighters, sounding a bit surprised and a lot euphoric, told the crowd of health care and essential workers at SoFi Stadium, which opened during the pandemic and is the new home of the Los Angeles Rams and Chargers. “I’m so appreciative to be here. And I’m so thankful that you guys can be here to share this with us.”

Jennifer Lopez expressed wonder when she took the stage: “Look at all these beautiful people. We’re all in the same room. We’ve been away from one another for too long, but we’re back!”

Icahn Enterprises Turns To Profit In Q1

Icahn Enterprises L.P. (IEP) reported that its first-quarter net income attributable to limited partners was $159 million or $0.65 per unit compared to a loss of $1.36 billion or $6.34 per unit in the prior year.

Net revenues were $3.38 billion, compared to negative $60 million in the prior year.

The company declared a quarterly distribution in the amount of $2.00 per depositary unit, which will be paid on or about June 30, 2021 to depositary unitholders of record at the close of business on June 1, 2021.

Nikola Posts Wider Adj. Loss In Q1 – Quick Facts

Nikola Corporation (NKLA) reported a first quarter non-GAAP net loss per share of $0.14 compared to a loss of $0.12, prior year. On average, seven analysts polled by Thomson Reuters expected the company to report a loss per share of $0.27, for the quarter. Analysts’ estimates typically exclude special items.

First quarter net loss widened to $120.2 million or $0.31 per share from a loss of $33.2 million or $0.12 per share, last year.

“During the first quarter Nikola continued to deliver on our previously communicated milestones and execute on our business plan,” said Mark Russell, Nikola’s Chief Executive Officer.

Stock Alert: Square Up 6% On Swing To Profit In First Quarter

Square, Inc. (SQ) shares are gaining more than 6 percent on Friday morning trade after the company reported profit for the first quarter on 266 percent increase in revenue, compared to net loss in the prior year.

Currently, shares are at $238.52, up 6.50% from the previous close of $223.96. The shares have traded in a range of $70.82-$283.19 on average volume of 11,093,443 for the last 52 weeks.

For the first quarter, the company reported net profit of $39.01 million or $0.08 per share, a swing from loss of $105.89 million or $0.24 per share in the previous year.

Revenue for the quarter increased to $5.06 billion from $1.38 billion a year ago.

Related Posts