Florida Department of Revenue Operating in New Jersey? Here’s Why
The Florida Department of Revenue (DOR), which oversees tax collection and compliance for the state, operates offices in six states outside Florida — including a location in New Jersey — as part…
BlackBerry expects up to 54% revenue growth in 2026, shares rise
(Reuters) – BlackBerry Ltd on Wednesday forecast as much as 54% jump in 2026 sales from current year on the back of growth in its cybersecurity business, sending shares up 5%. The…
Buffett-backed Nubank reports record revenue on steady user growth
(Reuters) – Brazil’s Nubank on Monday reported record revenue for the first-quarter as the digital bank benefited from steady growth in users and higher average revenue per customer. Warren Buffett-backed Nubank has…
Hong Kong Disneyland revenue jumps 31% as domestic visitors hit record
(Reuters) – Hong Kong Disneyland Resort (HKDL) said on Monday its 2022 revenue jumped 31% as the number of domestic visitors to its attractions hit a record, helping the company shrug off…
Etsy tops revenue estimates on demand for personalized products, higher fees
By Granth Vanaik (Reuters) – Etsy Inc on Wednesday beat market expectations for quarterly revenue, benefiting from demand for products such as personalized gifts offered on its e-commerce platform as well as…
Green Thumb revenue rises as more US states allow marijuana use
By Mrinalika Roy (Reuters) – Green Thumb Industries Inc reported higher first-quarter sales on Wednesday, as customer traffic rose at the cannabis producer’s retail stores after more U.S. states legalized the recreational…
Garmin tops quarterly revenue estimates on growth in aviation, marine units
(Reuters) – Smartwatch and navigation equipment maker Garmin Ltd topped first-quarter revenue estimates on Wednesday, boosted by strong growth in its businesses catering to the aviation and marine industries. Garmin’s diversified business…
Simon Property revenue beats on strong leasing demand
(Reuters) – Simon Property Group Inc’s first-quarter revenue beat market expectations on Tuesday, benefiting from a strong leasing demand after pandemic-induced store closures. Despite growing fears of a recession in the United…
Freshworks tops revenue estimates as lower-priced offerings boost demand
(Reuters) – Freshworks Inc beat quarterly revenue estimates on Tuesday and posted its first adjusted operating profit as more businesses sought its lower-priced customer engagement software in a tough economy. Rising interest…
Blue States Lost Billions In Revenue As Americans Fled To Texas And Florida
Blue States Lost Billions In Revenue As Americans Fled To Texas And Florida Laurel Duggan on May 2, 2023 Democrat-led states including California and New York hemorrhaged residents to red states like…
Cummins raises full-year revenue outlook on strong demand for parts
(Reuters) – U.S. truck engine maker Cummins Inc on Tuesday raised its full-year 2023 revenue forecast, on the back of strong demand for parts across its markets. Supply chain issues, which led…
China’s Didi sees 2022 revenue hit by COVID, net loss narrows
BEIJING (Reuters) – Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as the country’s COVID lockdowns and a regulatory crackdown took a toll. …
GSK-spinoff Haleon forecasts 2023 organic revenue growth at top-end of view
(Reuters) – Consumer healthcare group Haleon expects 2023 organic revenue growth towards the upper end of its 4%-6% forecast, it said on Thursday, on strong demand and the restocking of its respiratory…
China fiscal revenue turns higher in March on recovering economic activity
BEIJING (Reuters) – China’s fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned that revenue…
Brazil’s govt working on extra revenue measures for second half -official
BRASILIA (Reuters) – Brazil’s government is working on additional revenue measures to be announced in the second half of this year, said Revenue Chief Robinson Barreirinhas on Monday, highlighting confidence that this…
Missed rate hikes to stick Japanese utilities with revenue shortfall
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) – Several Japanese power utilities will miss out on rate hikes they asked to start on April 1 after the government delayed the approval…
AI chatbot Character.AI, with no revenue, raises $150 million led by Andreessen Horowitz
By Krystal Hu and Anna Tong (Reuters) – Character.AI has raised $150 million in a new funding round led by Andreessen Horowitz that valued the AI chatbot startup at $1 billion, and…
Streaming boosts recorded music revenue, China market growing
LONDON (Reuters) – Global recorded music revenues rose 9% last year to $26.2 billion, with growth registered in every region and an increase in paid subscription streaming helping drive sales, a report…
China Jan-Feb fiscal revenue shrinks despite pick-up in economy
BEIJING (Reuters) – China’s fiscal revenues fell 1.2% in the first two months of 2023 from a year earlier, the finance ministry said on Friday, despite signs that economic activity was starting…
Brazil’s Natura swings to loss as revenue shrinks across cosmetics lines
SAO PAULO (Reuters) – Brazilian cosmetic maker Natura & Co on Monday reported a fourth-quarter net loss of 890.4 million reais ($169.7 million), as it reported lower revenues across all its business…
Prada sees solid revenue growth for 2023 after beating expectations last year
MILAN (Reuters) -Italy’s Prada said on Thursday it expects revenue growth to outpace rivals this year, after sales exceeded analyst expectations in 2022 thanks to a strong performance in Europe. The luxury…
Trulieve forecasts dour first-quarter revenue amid slowing demand
By Sourasis Bose (Reuters) -Trulieve Cannabis Corp on Wednesday forecast sequentially lower first-quarter revenue after reporting quarterly results that missed market expectations, as demand for cannabis-related products dropped amid regulatory challenges, inflation…
Twitter’s Revenue Takes A Massive Nosedive After Advertisers Ditch The App: REPORT
Madeline Dovi on March 4, 2023 Twitter’s revenue dropped by nearly 40% in December after advertisers fled in the aftermath of CEO Elon Musk’s acquisition of the platform, The Wall Street Journal…
Revolut auditor flags concern about $576 million of revenue in long-delayed 2021 accounts
By Stefania Spezzati LONDON (Reuters) -Revolut Ltd’s auditor BDO LLP was not able to independently verify three-quarters of the 636 million pounds ($765 million) of revenue reported by the fintech firm in…
Chile’s Falabella posts Q4 net loss as key sectors see revenue drop
(Reuters) – Chilean retailer Falabella on Tuesday reported a fourth-quarter net loss of 22.6 billion Chilean pesos ($26.3 million), after posting a net profit of 196.2 billion pesos in the year ago…
Green Thumb beats quarterly revenue estimates on adult-use legalization in New Jersey
By Arshreet Singh (Reuters) – U.S. cannabis producer Green Thumb Industries Inc beat fourth-quarter revenue estimates on Tuesday, on the back of legalization of adult-use in New Jersey, but price compression caused…
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