Synchrony Financial reported its Q1 earnings Wednesday (April 24), showing broad-based growth throughout its lending and credit platforms, continued momentum in consumer spending and some concern over a decrease in revenue from the upcoming Consumer Financial Protection Bureau (CFPB) late fee ruling. Synchrony CEO Brian...
Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over year, reaching a record $3.5 billion. Total company originations for the quarter totaled $1.4 billion,...
There was nothing electric about electric vehicle (EV) maker Tesla’s latest financial results. The company reported its first quarter 2024 earnings results Tuesday (April 23), disclosing a 55% drop in profits when compared to the same period last year. “We experienced numerous challenges in Q1, from...
Spotify is tuned in to upbeat earnings outcomes, marking a robust beginning to its designated “year of monetization” after a standout performance in 2023 characterized by significant revenue growth, margin expansion, and enhanced efficiency. First-quarter earnings released on Tuesday (April 23) showed significant increases across...
JetBlue is removing and scaling back routes as it tries to regain profitability. The air carrier on Tuesday (April 23) released earnings that showed the company reducing its revenue forecast for the year, as it exits some cities and reduces flights out of Los Angeles. “As we look...
PepsiCo is crediting its quarterly growth to resilient consumer behavior, especially on an international scale. The soda and snack food giant on Tuesday (April 23) released earnings showing 2.3% net revenue growth, while forecasting an additional 4% for the coming year. “I would say the consumer globally,...
UPS is looking to returns and big-and-bulky deliveries to expand its addressable market at a time when its shipping volumes have been decreasing. The company saw a slower rate of decline in shipping volumes during the first quarter while still facing a challenging macroeconomic environment,...
Fiserv’s most recent earnings call Tuesday (April 23) demonstrated continued demand for its point-of-sale (POS) systems that enable merchants to accept payments. The company posted results that showed consolidated adjusted revenue growth of 7% in the first quarter to $4.9 billion. Fiserv CEO Frank Bisignano...
Verizon is crediting flexible price plans and streaming bundles for its slowing customer losses. The wireless provider on Monday (April 11) reported that it lost 68,000 monthly wireless phone subscribers during the first quarter of 2024. According to a report by CNBC, that was compared to a loss of 127,000 in the first quarter...
