Shares of Snap fell 13% to $10.30 in trading after the bell. Meta shares fell 2% and Alphabet dropped 1%. Pinterest dropped 5%.
The consolidated net profit of the company was Rs 12.25 crore in the year-ago period, a BSE filing showed.
Globally, inflation is on the rise, central banks are aggressively hiking interest rates, fears of recession are growing and uncertainty about the fallout from Russia's invasion of Ukraine is ever-present. As a result, businesses and consumers alike have reined in spending.
The data would elaborate on the expansion of different sectors like agriculture and manufacturing in the first quarter of this financial year.
Gross domestic product is estimated to rise 15.4% in the three months to June from a year ago, according to a Bloomberg survey of economists.
While companies passed on higher input costs in the form of commodity and energy cost, leading to revenue growth, the same led to margin compression, rating agency Icra said in a note based on the analysis of 620 listed companies, excluding financial sector entities.
Billionaire investor Daniel Loeb, who runs Third Point, made a u-turn on Disney by buying a stake in the second quarter not long after he liquidated the firm's position in Disney during the first quarter.
The company had clocked a consolidated net loss of Rs 95.15 crore in the corresponding period of the previous fiscal, it said in a regulatory filing to the BSE.
Its net loss stood at Rs 29.81 crore in the year-ago period.
The company had posted consolidated profit of Rs 357.59 crore in the year-ago period.
The city-headquartered company had reported standalone net profit at Rs 14.10 crore during corresponding quarter previous year.
The company had reported a profit after tax of Rs 365.03 crore in the April-June period a year ago
The company had posted a net profit of Rs 43.05 crore during the April-June quarter of the previous fiscal
The highest ever first quarter sales of INR 513 crores from ongoing projects, area sold stood at 0.69 msft
The net profit of the company was Rs 4,554.98 crore in the year-ago period.
New Delhi, Aug 12 Bajaj Electricals Ltd on Friday reported a consolidated net profit of Rs 41.19 crore for the first quarter ended June 30. The c..
The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at the end of June 2022, according to published quarterly numbers of the public sector banks (PSBs).
The company had posted a PAT of Rs 106 crore in the first quarter of the previous fiscal.
The company had posted a net loss of Rs 138.29 crore in the April-June quarter a year ago
It had clocked Rs 3,897.36 crore in the April-June period of 2021-22 fiscal, Steel Authority of India Limited (SAIL) said in a regulatory filing.
Its net loss stood at Rs 44.94 crore in the year-ago period. Its net loss stood at Rs 44.94 crore in the year-ago period.
The Gujarat-based firm had posted a net profit of Rs 597 crore in the April-June quarter of the last fiscal.
The healthcare provider had reported a net profit of Rs 205 crore in the June quarter of last fiscal.
Mumbai, Aug 9 Shree Renuka Sugars, a subsidiary of Wilmar Sugar Holdings Pte Ltd Singapore, on Tuesday reported narrowing of its consolidated loss ..
The company had reported a profit of Rs 68 crore in the quarter ended June 30, 2021