profits

An earnings typo sent Lyft’s stock price into the stratosphere

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In an absolutely crazy turn of events, a typo in an earnings report caused Lyft shares to skyrocket nearly 70 percent after Tuesday's closing bell. There was an extra zero in the report that suggested a 5% margin increase in 2024, instead of a 0.5% margin. This sent investors into a tizzy, as the company … Read more

Sony predicts it’ll sell fewer PS5s than first thought

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Sony has lowered its PlayStation 5 sales forecast for fiscal 2023 significantly and now expects to sell 21 million units, up from a previous forecast of 25 million. This is despite record quarterly turnover and the sale of 8.2 million PS5s during the holiday period. So far this fiscal year, Sony has sold 16.4 million … Read more