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Earnings

Stitch Fix tumbles 20% in after-hours trading following lukewarm earnings report – TechCrunch

Stitch Fix tumbles 20% in after-hours trading following lukewarm earnings report – TechCrunch Shares of Stitch Fix plunged more than 20 percent in after-hours trading on Monday following the release of a tepid fourth-quarter earnings report. The subscription-based retailer and personal styling service’s adjusted earnings exceeded analyst expectations, but its …

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Xiaomi posts $2.1B profit in its first quarter as a public company – TechCrunch

Xiaomi posts $2.1B profit in its first quarter as a public company – TechCrunch Chinese smartphone firm Xiaomi has posted a $2.1 billion profit for its first quarter of business as a public company on account of growing smartphone and hardware sales. The firm listed in Hong Kong in July in …

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Tesla lost nearly $8 billion in shareholder value this week and its board should be ashamed – TechCrunch

Tesla lost nearly $8 billion in shareholder value this week and its board should be ashamed – TechCrunch Over the last five days, Tesla shareholders watched the value of their stock decline by roughly 16 percent and saw nearly $8 billion in value erased, as the company’s celebrity chief executive, …

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The greedy ways Apple got to $1 trillion – TechCrunch

The greedy ways Apple got to $1 trillion – TechCrunch For being the richest company ever with $243 billion in cash, Apple sure cuts corner in the stingiest ways. The hardware giant became the first trillion-dollar company week. Yet it’s tough to reconcile Apple earning $11 billion in profit per …

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