Cango reported a net loss of $81.6 million in Q2, exceeding its $50.8 million revenue, mainly due to non-cash impairment and disposal losses on Bitcoin mining machines. Bitcoin mining generated $47.4 million of the revenue, with the company mining 656 Bitcoin and holding 1,056 BTC at quarter-end. The stock fell over 21% following the release of these unaudited results. Cango's average cash cost per Bitcoin decreased by about 5% to $73,313, but the large impairment charges heavily impacted profitability.
Lands' End reported Q2 fiscal results with revenue rising 2.7% to $302 million, beating analyst expectations, while adjusted EPS missed slightly at $0.09 versus $0.10 forecast. The company improved profitability from a year ago, turning an adjusted l...
Planet Labs is set to report its Q2 earnings, with analysts expecting a loss of $0.02 per share, a 33.3% improvement from last year. Revenue is estimated at $104.12 million. Despite a significant stock decline, trading 27% below its 200-day average, ...
CVS Health reported a 7.3% revenue increase in Q2 to $106.1 billion and raised its full-year revenue forecast to at least $414 billion, alongside improved earnings per share guidance. Despite UBS lowering its price target to $118, analysts like Jeffe...
Zscaler is set to report earnings with an expected EPS of $1.09 and revenue near $877 million, reflecting about 22% growth year-over-year. Investors are closely watching the company's fiscal 2027 guidance after a previous outlook caused a sharp 31.52...
Canaccord Genuity maintained a Buy rating on Gold.com but reduced its price target from $70 to $65 due to weaker-than-expected fourth-quarter results. Gold.com reported a strong fiscal 2026 with revenue up 132% to $25.51 billion and net income rising...
