In today’s briefing:
- Etsy Inc.: Major Drivers
- Lyft Inc.: A New Bid To Attract Eco-Conscious Customers – Major Drivers
- Trimble Inc.: Major Drivers
- Uber Technologies Inc.: Major Drivers
Etsy Inc.: Major Drivers
- Etsy Inc delivered a mixed set of results during the quarter and managed to surpass the revenue expectations of analysts but its profitability was below par.
- The company’s management claims that its overall reach and consumer demand have increased and the services offered by the company are differentiated.
- The company’s marketing programs, including the Star Seller program, continued to benefit the company.
Lyft Inc.: A New Bid To Attract Eco-Conscious Customers – Major Drivers
- Lyft’s Q4 financial performance was mixed as it reported wider-than-expected losses despite surpassing the revenue expectations of Wall Street.
- The company saw a mix of high demand for ride-sharing services, an improving supply, and promising early results from its cost-cutting initiatives.
- Its overall revenue for 2022 increased by 28% compared to 2021 and the company added $375 million to its insurance reserves.
Trimble Inc.: Major Drivers
- Trimble Inc had a disappointing result and failed to meet Wall Street expectations in terms of revenues as well as earnings.
- The challenges in terms of the supply chain remained the same in the business environment, which has also affected the operations of the company.
- Trimble delivered over 20% organic growth in ARR in addition to high levels of ACV software bookings and cross-sell bookings.
Uber Technologies Inc.: Major Drivers
- Uber Technologies Inc. has delivered good results during this quarter and managed an all-around beat with a positive bottom-line.
- The overall situation is in favor of the company as the competitive environment is getting better.
- We give Uber Technologies Inc. a ‘Hold’ rating with a revised target price.
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