Why Spotify's earnings underline gross margin 'sustainability'

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 44 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 63%

Andrew Marok News

Spotify,Market Domination,Raymond James

Shares of Spotify (SPOT) soared during Tuesday's afternoon trading session,after the company's first-quarter earnings surpassed analysts' estimates. Raymond ...

surpassed analysts' estimates. Raymond James Analyst Andrew Marok joins Market Domination Overtime to discuss his bullish stance on Spotify's stock moving forward.

Marok highlights that Spotify's earnings have demonstrated"sustainability in its gross margins," attributing the jump to various factors such as"cost efficiencies on streaming delivery,"and"better focus on their marketplace products." He stated that these factors can be"used indefinitely," signaling continued growth in the margin outlook.

When it comes to spending money, it's not always about how much you have in your bank account. Even if you're a high earner or have a significant net worth, that doesn't mean you should spend your...The upgrade comes after BCE's stock plummeted to its lowest intraday level in more than 10 years earlier this month. -- Gold pared losses after weaker-than-expected US business activity data helped underpin the case for Federal Reserve rate cuts this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines