Shopify $SHOP shares contracted 13% despite narrowly beating Q4 expectations, with gross merchandise volume growing by 23% and revenue by 24%. Looking ahead, Shopify anticipates revenue growth in the low-twenties range Y/Y.
Furthermore, management has projected a revenue growth range of 6% to 7% for FY2024, along with adjusted operating earnings before interest, taxes, depreciation, and amortization in the range of $6.28B to $6.43B.
Waste Management's $WM shares climbed over 4% following the trash collection company's announcement of earnings surpassing estimates, driven by enhancements in pricing and volume.
Coca-Cola $KO CEO says inflation is moderating in most markets after higher prices boost revenue.
In the majority of Coke's markets, shoppers were only paying about 3.5% more for their drinks than they were a year earlier.
βDisgraceful breach of trustβ: how PwC, one of the worldβs biggest accountancy firms, became mired in a tax scandal.
https://t.co/ImUQiQrY4Y
#PwC#audit#Accounting#big4
U.S. Treasury announces it will repurchase government debt with the goal of improving liquidity in the $23 trillion government bond market.
#us#bonds#fixedincome#buybacks
@JRogrow Totally agree on this one. SBC is used by managers to manipulate the free cash flow results and achieve their financial targets (aiming for personal bonuses). This is wrong accounting practice imo.
Snowflake's management expects to have a weighted average of 369 million diluted shares in fiscal year 2024 compared to an average of 319 million in fiscal year 2023. That's almost a 16% increase in shares in a single year due to stock-based compensation, which is enormous. $SNOW