Sales Figures

By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnb said it expects to post its first full-year net profit this year after its revenue climbed 70% last quarter as people continued to book suburban rentals despite hosts raising prices.The San Francisco company posted $1.5 billion in revenue in the three months through March. Analysts polled by FactSet on average had predicted $1.45 billion in revenue. By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnbsaid it expects to post its first full-year net profit this year…

Amazon. AMZN -14.05% com Inc.’s legendary e-commerce machine, which has grown at breakneck speed for more than two decades, is showing signs of stalling.The tech giant on Thursday reported its slowest sales growth in roughly two decades. Product sales have flatlined, and revenue at its main online-shopping business segment has stagnated for six months, one of the worst periods of anemic growth in Amazon’s history. And company executives said overall sales might slow…

Suppliers to Apple Inc. AAPL -3.66% are among the businesses taking precedence in local governments’ efforts to restart factories in the Shanghai region as the U.S. tech giant, facing supply constraints, warned that the pandemic’s resurgence in China could dent sales.Covid-19 outbreaks have hit Shanghai and the neighboring provinces of Jiangsu and Zhejiang over the last month—a region with one of the highest concentrations of Apple’s top suppliers, according to the…