GRAB Stock Recent News
GRAB LATEST HEADLINES
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Grab Holdings Limited (GRAB) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.03 per share a year ago.
• Revenue grew 17% year-over-year, or 23% on a constant currency basis to $664 million• On-Demand GMV grew 13% year-over-year, or 18% on a constant currency basis to $4.4 billion• Operating Loss improved by $121 million year-over-year to $(56) million• Adjusted EBITDA improved by $81 million year-over-year to $64 million
Not much has changed for Grab on its path to profitability. Both its core businesses continue to gain top and bottom-line momentum. Don't forget the massive net cash that is slowly but surely being deployed.
Zacks.com users have recently been watching Grab (GRAB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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Grab (GRAB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
In the latest trading session, Grab Holdings Limited (GRAB) closed at $3.38, marking no change from the previous day.
NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company” or “Grab”), plans to announce its unaudited second quarter 2024 results before the U.S. market opens on August 15, 2024.
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