The Ottawa e-commerce software giant generated US$2.045-biillion in revenue, up 25 per cent year-over-year when factoring out the logistics business it sold in 2023. Revenue from both subscription fees for merchants to use its platform and merchant fees for other services including processing payments both exceeded analyst expectations, coming in at US$563-million and US$1.482-million, respectively.
“Our results underscore our commitment to providing exceptional value to our merchants through focused operating execution and efficiency,” Shopify chief financial officer Jeff Hoffmeister said in the earnings release. “As a high-growth global technology leader in commerce, we remain committed to leveraging our core strengths and investing in opportunities to achieve sustainable growth and long-term profitability.
Suncor’s refinery crude throughput increased 9.2 per cent to 430,500 bpd, with utilization rising to 92 per cent despite turnaround at several of its refineries. The insurer says it had net earnings of $1-billion, or $1.08 cents per share, up from $498-million or 53 cents per share last year. Profit at the Japanese tech and entertainment conglomerate was 279 billion yen , compared with an average estimate of 275 billion yen from seven analysts polled by LSEG.
“We are extremely concerned about the sudden fluctuations in exchange rates and possibility of economic downturn, particularly in the United States,” Sony President Hiroki Totoki told an earnings briefing. The group said in May it expects to sell 18 million PS5 units this fiscal year, compared to 20.8 million a year earlier.
Last month, the carrier cut its full-year core profit forecast citing a lower yield environment and competition in international markets. The Canadian carrier’s operating revenue rose 2 per cent to $5.52-billion in the quarter ended June 30, roughly in line with analysts’ estimates of $5.53-billion. He says Martinrea is mitigating the impact of these issues, as well as a “slower-than-expected ramp up in electric vehicle programs,” through commercial negotiations.The Montreal-based company says revenues totalled US$345.5-million, up from US$307.0-million during the same quarter last year.In June, Nuvei shareholders voted overwhelmingly in favour of a plan that will see the company bought by an American private equity firm and taken private at a US$6.3-billion valuation.
Revenue for the Burbank, California, company rose 4 per cent to US$23.16-billion, beating Wall Street’s estimate of US$22.91-billion., which came out in 2015, helped drive more than 1.
A shorter booking window can indicate consumers are booking travel at the last minute due to increased uncertainty and caution in spending. Baird Equity Research analysts said the brokerage remained “neutral” on Airbnb’s shares as more evidence emerged of consumers tightening their belts on travel, or at least delaying their travel planning.) dropped on Wednesday as concerns over the high cost of producing AI server chips weighing on its profit forecast, eclipsing upbeat sales forecasts.
The company forecast gross bookings - the total value of transactions on the Lyft app excluding tips - between US$4.0-billion and US$4.1-billion, compared to analysts’ consensus estimates of US$4.13-billion from LSEG.
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