Perfect Corp (PERF) announced its third-quarter earnings, showing a 10.8% year-over-year revenue increase driven by strong growth in AI and AR solutions and mobile app subscriptions. The company also reported record high YouCam app subscribers and a positive outlook for 2024.
OpenAI’s CFO, Sarah Friar, revealed that a whopping 75% of the company’s revenue comes from consumer subscriptions to its popular AI chatbot, ChatGPT. This highlights the massive success of ChatGPT, particularly among individuals. While OpenAI’s enterprise businesses are still developing, they are also contributing significantly to the company’s overall revenue.
Reddit is set to release its Q3 earnings report on Tuesday, with analysts predicting revenue growth. However, concerns linger about a potential increase in the company’s net loss. Investors will be closely watching Reddit’s plans for profitability, monetization strategies, and AI initiatives.
Coca-Cola reported strong third-quarter earnings, exceeding Wall Street expectations on both revenue and earnings. However, the company faced a challenging environment with sluggish demand for its beverages, particularly in North America. While pricing increases helped offset some of the slowdown, Coca-Cola’s unit case volume declined globally.
DexCom, Inc. (DXCM) exceeded analysts’ expectations for both earnings and revenue in the third quarter. Despite the positive results, DexCom shares declined slightly on Friday. Several analysts adjusted their price targets for DexCom following the earnings announcement, with some raising their targets and others lowering them.
United Parcel Service (UPS) surprised investors with its first revenue beat in 10 quarters, exceeding analysts’ expectations. Key analysts have offered their insights on the company’s performance and future prospects, with some expressing optimism while others remain cautious. The company’s Fit to Serve program, aimed at cost-cutting and efficiency, is showing positive results, leading to a higher operating margin target for 2024.
Disney is introducing a new premium Lightning Lane pass, costing families hundreds of dollars per park visit, which could significantly boost its revenue. This comes alongside an analyst’s prediction that the delayed Disney Adventure cruise ship launch could hurt their fiscal 2025 earnings.
ResMed Inc (RMD) exceeded analysts’ expectations in the first quarter, reporting a 34% year-over-year jump in adjusted EPS and 11% revenue growth. The company’s strong performance was driven by increased demand for sleep devices and software, as well as operational efficiency. Analyst William Blair maintains an Outperform rating, highlighting ResMed’s robust fundamentals and positive outlook.
Colgate-Palmolive exceeded analysts’ expectations for both earnings and revenue in the third quarter, driven by strong growth in Europe, Asia Pacific, and Africa/Eurasia. The company also increased its full-year sales forecast, citing strong advertising investment and continued focus on building brand health.
S&P Global (SPGI) exceeded both earnings and revenue expectations for the quarter, driven by growth across all divisions. The company also announced a significant share buyback program and increased its full-year revenue forecast. However, despite the positive news, the stock price declined on Thursday.
