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The e-commerce veteran posted some good news of its own, but share prices plunged anyway because of weakness in the cryptocurrency market.
SINA's second-quarter 2018 results benefit from Weibo advertisements growth, which is offset by increased user acquisition cost.
USPS recently requested a renegotiation of their agreement with Stamps.com, and the online shipping company warned that revenue could suffer as a result.
The Chinese web media leader delivered a strong second quarter, but comments from management during the subsequent call may have left investors worried for the second half.
Sina stock fell after the China internet pioneer reported second-quarter results before the market open Wednesday that topped estimates.
China-based Weibo reported second-quarter earnings before the market open Wednesday that edged past estimates.
SINA (NASDAQ: SINA ) announces its next round of earnings Wednesday. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue Analysts expect SINA earnings ...
Nordstrom Inc. has named Expedia and RealNetworks veteran Edmond Mesrobian as its next chief technology officer. "Edmond is a seasoned technology expert, and has contributed to the growth of retail, high-tech and internet-based businesses for nearly three decades," Nordstrom Co-president Blake Nordstrom said in a news release. "As our industry and customers evolve, Edmond will help us continue to transform our business so we can deliver the best experience to our customers, however they choose to shop with us." As CTO of Nordstrom, Mesrobian will support all aspects of technology across the company.
From continued shipping strength to a pair of promising acquisitions, the internet mailing and shipping leader ended the first half with momentum on its side.
Stamps.com (STMP) delivered earnings and revenue surprises of 14.11% and 3.94%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Seattle-based company said it had a loss of 18 cents. The software and service provider for digital entertainment companies posted revenue of $15.7 million in the period. For ...
The El Segundo, California-based company said it had net income of $2.41 per share. Earnings, adjusted for one-time gains and costs, came to $2.75 per share. The results surpassed Wall Street expectations. ...
Stamps.com is looking to expand its international footprint with the acquisition of MetaPack Ltd. The El Segundo, California-based Stamps.com (NASDAQ: STMP) will pay $230 million in cash for MetaPack in a deal expected to close next month. The London-based company provides e-commerce delivery management technology to enterprise retailers and brands. MetaPack’s more than 500 customers include retailers such as SportsDirect.com, Urban Outfitters and Zulily, and brands Lush, The North Face and Timberland.
Inc. on Wednesday said it reached a definitive agreement to buy U.K. e-commerce shipping software company MetaPack Ltd. for about $230 million in cash. Stamps.com said MetaPack, which has about 350 employees and more than 500 customers, generated revenue of about $47 million and gross margin of about 87% in its fiscal year ended March 31. Stamps.com said MetaPack will operate as a wholly owned unit led by members of its existing management team.
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