CarGurus Stock Skyrockets: Surpassing Estimates with Stellar Results and a Promising Forecast!

finance

Online car-buying platform CarGurus Inc. reported first-quarter results and a second-quarter forecast that surpassed Wall Street’s expectations, leading to a 10.9% increase in shares in after-hours trade. The company anticipates Q2 sales of $220 million to $240 million, higher than the FactSet estimates of $222.2 million, and adjusted earnings per share of 22 cents to […]

Coinbase Skyrockets 8% as Q1 Revenue Shatters Expectations: Investors Eagerly Jump Aboard

crypto

The cryptocurrency exchange Coinbase saw a significant rise in its shares value after posting promising financial results for Q1 2023 in its recent earnings report. The company’s revenue for the first quarter increased to $773 million, beating analysts’ estimates of $629 million and the Q4 revenue. Simultaneously, the net loss experienced by the business, although […]