Beyond Meat said grocery sales volume in the US during Q4 lost 19.5% to $49.98 million. The company tied the sales slump to low demand, high discounts, market share loss, and five fewer shipping days than the previous year.
A keynote in the Q4 resultsis that gross merchandise value increased by 16%. Etsy also confirmed a consolidated gross merchandise value of $4.2 billion, up 16.5%.
Aside from Frank Holmes, it appears that many investors also consider gold as a better and safer store of value during uncertain times as reports revealed that the price of gold has increased above 2% in a few hours after Russia launched an attack on Ukraine.
General underperformance plagued stock futures and indexes across three continents following heightened tensions between Russia and Ukraine.
World leaders are notably calculating the right responses to the ongoing attack on Ukraine. While sanctions have been announced, it has done nothing to deter Putin from proceeding with the attack which has been a major concern for the past few weeks.
For the fourth quarter of 2021, eBay reported revenue of $2.6 billion and a revenue of $10.4 billion for the full year.
Russia-Ukraine war-related fears continue to put severe pressure on global stock markets. The US announces a fresh set of sanctions against Russia’s sovereign debt, banks, and high-profile individuals.
Palo Alto Networks recorded a revenue of $1.3 billion, a 30 percent spike year over year, surpassing the Zacks Consensus Estimate by 2.86%.
Amid the ongoing military strife between Russia and Ukraine, US stock futures inched higher as the S&P 500 closed in correction territory.
Virgin Galactic said earlier that the ramp-up of astronaut service would determine a favorable profit.
Barclays announced other top highlights in the earnings report while also affirming that its performance will help it return more funds to the shareholders.
Despite the fact that the Dow Jones tanked in tandem with broader market sentiments, market expectations remain fluid as investors focus on macroeconomic policies that may emanate from regulators in the coming weeks.
SoFi saw its stock slide after it announced that it was buying Latin America-based banking software provider Technisys.
During the fourth quarter, Home Depot reported earnings of $3.21 per share and announced a 15% dividend increase.
On Tuesday, DWAC stock closed at $92.90, 8.58% up. After hours, it slightly declined by 2.42 to reach $90.65. Its market cap totaled $3.457 billion.