OnDeck was on track with its Q2 earnings announced Aug. 8, keeping investors happy and the share price flat in early trading but then trending upwards. Revenues were better than analysts’ expectations, and net losses were lower than projections. According to OnDeck, the results show...
OnDeck Capital reported second quarter results on Monday (Aug. 8) that fared a bit better than analysts’ expectations, with key tailwinds including stronger originations, with higher loan loss provisions building up as the business model shifts. The headline numbers showed that revenues of $69.5 million, which...
“Q2 was a busy quarter and the good thing is that it is now behind us.” Such began Lending Club CEO Scott Sanborn’s first analyst call yesterday (August 8) as CEO. Analysts went into the call with fairly low expectations – losses were expected. Unfortunately for...
Square managed to redeem its disappointing Q1 performance with healthier Q2 earnings. The first quarter saw the stock price plunging by 12 percent as investors showed concern with Square’s increasing expenditures. However, payment volumes were strong in Q2, and losses were reined in. Square has struggled...
Western Union said on Wednesday (Aug. 3) that it had posted earnings of $0.42 a share for the second quarter that ended in June, which bested The Street by two pennies, as money transfers remained strong and the firm continued to gain traction in its digital...
With its stock value up 10 percent in after-hours trading – Square has managed to please investors with losses smaller than expected, growing payments volumes and continuing signs of strength emanating from its lending platform for small business, Square Capital. It’s a far cry from investor reactions during Square’s Q1 announcement,...
First Data CEO Frank Bisignano touted strength in its core businesses, regional strength in Latin America and four new bank relationships when reporting Q2 results yesterday. But it’s the growth in the SMB segment — and Clover — where he says the processing giant sees...
Another earnings report this week, and another victory march to go with it. After Amazon and Facebook stepped up to the plate to deliver some powerful shots to left field, Google hit with the last entry into this week’s earnings home run derby. Alphabet, Google’s...
If Whole Foods has really drastically cut prices, consumers don’t seem to be buying it. At least, that was the message on Thursday (July 28) as shares of the upscale and health-styled grocer fell more than 9 percent on a disappointing quarterly earnings report. It was...
