UPS stock sinks after the shipping giant posts earnings that missed estimates, while GM falls even after the auto maker boosts its outlook. Tesla and Alphabet are scheduled to report earnings after the closing bell Tuesday. Read More...
Spotify Marches Toward Consistent Profitability; Stock Rallies
Spotify posted its second consecutive quarterly profit and made progress in expanding margins, though user growth softened. Chief Executive Daniel Ek confirmed the company is working on a long-awaited, more expensive subscription tier that would include high-fidelity lossless music, so-called because the integrity of the original audio is preserved during compression for streaming. “There’s a good chunk of people paying for Spotify that would gladly pay for a much better version of Spotify,” Ek said in an interview.
The Wall Street Journal•
Add Comment