Connect with us

Stock Market

Zoom stock fell as sales expectations fell on third-quarter earnings

Avatar

Published

on

Zoom for visual communications (ZM) – Get a free report Shares fell on Tuesday after videoconferencing professionals expected lower-than-expected near-term earnings that clouded a strong third-quarter earnings report.

Adjusted earnings for the three months ending in October were held, Zoom said, at $1.07 per share, sharply beating Street’s expectations, as revenue rose 5% to $1.09 billion.

Zoom said sales from enterprise customers were up 20% from a year ago, and now make up about 56% of total revenue, with many buying the Zoom platform outright. Operating margins improved to 34.6%, Zoom said, with free cash flow rising to $272.6 million.

Advertisement



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Stock Market

Taco Bell has an answer for Chipotle’s most beloved menu item

Avatar

Published

on

Chipotle (CMG) – Get a free report It quietly grabbed the number one spot among Mexican fast food chains using a completely different recipe (so to speak) than its main competitor Yum Brands. (Yum) – Get a free report Taco Bell. Basically, the newer player in the quick service/fast food/quick casual space has decided that prices aren’t going to be a driving factor for it. Instead, Chipotle has built its menu around the idea of ​​using more natural food than well-sourced food.

This was a successful plan until the company was created. The Coli scandal dates back in 2016 as this type of chain fell victim to its own marketing. Fresh foods come with higher risks, and when people get sick at Chipotle, a lot of other fast food chains point to less fresh, processed foods as a safe option.



Source link

Continue Reading

Stock Market

Ben & Jerry’s does not have authority to sue over sale of Israeli ice cream By Reuters

Avatar

Published

on


© Reuters. FILE PHOTO: Ben & Jerry’s, a brand of Unilever, is displayed in a store in Manhattan, New York City, US, March 24, 2022. REUTERS/Andrew Kelly

Written by Jessica DiNapoli and Jonathan Stempel

NEW YORK (Reuters) – Unilever (NYSE: plc) has asked a U.S. judge to dismiss a Ben & Jerry’s lawsuit over the sale of the Israeli ice cream maker, saying the subsidiary’s “insistence on taking sides” in the conflict Palestinian Israeli gives its board of directors no authority to stop or even sue the sale.

In a statement Friday afternoon in Manhattan federal court, Unilever said the Ben & Jerry’s board “is no ordinary board.”

In the filings, she said the board has some responsibility to maintain its “social mission” and protect the brand under a shareholder agreement from 2000, when Unilever’s bought Ben & Jerry’s. But Unilever said the board could not sue.

Advertisement

Unilever also said that the board’s “recent insistence on taking sides in the Israeli-Palestinian conflict has created an intolerable situation” for both sides.

Ben & Jerry’s could not immediately be reached for comment.

The maker of Cherry Garcia and Chubby Hubby ice creams sued Unilever in July to prevent the sale of its businesses in Israel and the occupied West Bank to local licensee Avi Zenger.

Ben & Jerry’s products have been on sale in Israel for more than three decades, but the company said last year that West Bank sales were not in line with its values.

In August, a judge denied Ben & Jerry’s bid to stop those sales outright.

Advertisement

Last month, Ben & Jerry’s board of directors gave up selling Zinger ice cream, saying its products were “not to be confused with products” made by Ben & Jerry’s.

“Selling products bearing the Ben & Jerry’s insignia in the Occupied Palestinian Territories is contrary to our values,” the council said.

In its motion to dismiss the lawsuit, Unilever also said that Ben & Jerry’s had waited too long to claim that its trademark rights were “taken away” more than 20 years ago, and that the accusations behind the claim are a public matter.

(This story has been reworded to fix a typo in paragraph 1)

Source link

Advertisement

Continue Reading

Stock Market

Twitter users are running Musk Over Kanye West

Avatar

Published

on

Even Elon Musk has his limits.

Musk, Tesla (TSLA) – Get a free report The CEO, Twitter’s latest owner and self-described free-spirited free-lancer, has confirmed the microblogging site to be “an actual town square” ever since he walked through the front door with sink in hand.

“It’s mad!” The richest man in the world chirp On November 25 “I’m just fighting for free speech in America.”

Advertisement

In his quest, Musk recently Welcome back Donald Trump, ending a 22-month ban on the former Republican president.



Source link

Advertisement
Continue Reading
Advertisement

Trending