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Added on the 02/10/2018 15:47:47 - Copyright : Wochit
As of Tuesday, shares for ingredient-and-recipe meal kit service Blue Apron are down 13.66% at $3.35 a share, a new all-time low. While the company did beat Wall Street expectations in third-quarter earnings by reporting $210.6 million of revenue, it still saw a bigger than expected loss per share of $0.47. Its largest competitor, Hello Fresh, who went public last week in Germany, also reported revenue growth in its most recent quarter, and a net loss smaller than Blue Apron's this week.
SYDNEY (Reuters) - Asian shares were set to open significantly lower on Thursday as the U.S. Federal Reserve poured cold water on market expectations of a lengthy easing cycle after delivering a 25-basis-point cut. FILE PHOTO: An investor walks past a screen displaying stock information at a brokerage house in Shanghai, China May 6, 2019.
Beyond Meat is a meatless based food company. They went public with an IPO in May. CEO Ethan Brown said he has watched "a brand morph into a movement" since the company's IPO. The company's stock has spiked as much as 734% from its initial public offering price.
Microsoft Corp on Thursday reported fourth-quarter revenue that beat analysts’ estimates. According to Reuters, the 12% rise in total revenue was powered by growth in its flagship cloud product Azure. Total revenue rose to $33.72 billion for the quarter ended June 30th. According to IBES data from Refinitiv, that number is above average analysts’ estimates of $32.77 billion.
Business Insider reports SpaceX is raising another $314.2 million in equity funding, pushing SpaceX's 2019 fundraising total to $1.33 billion. SpaceX is the private aerospace manufacturer and space transportation services company founded by Tesla CEO Elon Musk. On Tuesday, SpaceX launched its latest Falcon Heavy rocket, which included LightSail 2, the first spacecraft in Earth orbit powered by sunlight. SpaceX has filed a document to raise $314.2 million at a valuation price of $214 a share.