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Poshmark Files For IPO After Posting Record Profits

PYMNTS

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. The Silicon Valley startup posted a net loss of $14.5 million last year.

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DraftKings, Cinemark, Hershey and more

CFO News Room

in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. The sports betting company also raised its revenue guidance and warned a prolonged economic downturn could impact spending by its customers. Cinemark (CNK) – The movie theater operator’s stock rallied 6.5%

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Starbucks, Twilio, Carvana, DoorDash and more

CFO News Room

Check out the companies making the biggest moves midday: Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Block — Shares jumped 10% after the mobile payments company surpassed profit and sales expectations in its third-quarter results.

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Scenario Planning in Uncertain Times

Centage

There is some risk to using past performance to inform your long-term plans, and this can be compounded during times of economic uncertainty. Your company needs to make plans for the future. This statement provides information about whether your business can generate a profit by reducing costs or increasing revenue.

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Sick Profit: Investigating Private Equity’s Stealthy Takeover of Health Care Across Cities and Specialties

CFO News Room

Thanks above all to the pioneering and in-depth work of Eileen Appelbaum and Rosemary Batt, the press, Congresscritters, and the victimized general public have gotten an idea of how private equity’s exploitation of the many chokepoints in health care has enabled them to profit greatly to our collective detriment.

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The Challenges of Constant Change and the Need for Accurate Scenario Planning

Centage

Along with being agile and able to pivot on a dime, these businesses have the ability to make decisions and act on them with confidence, and that means mastering the art of scenario planning. The end result is improved forecasting when it comes to revenue, profitability, and cash flow.

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On the Primacy of the Consumer-Welfare Standard

CFO News Room

The consumer-welfare standard is nothing more, nor less, than an understanding and acceptance of this fundamental economic reality. It is, instead, a relationship that inheres in the nature of all economic activity. Producers who earn profits have actually produced value; producers who suffer losses have not.