Spotify Technology S. SPOT shares are on track to hit a new high on Tuesday after the Stockholm-based music streaming service announced solid fiscal year fourth-quarter results, thanks to record margins. The company reported fourth-quarter earnings per share EPS of 1. Revenue climbed The company reported full-year EPS of 5. The fourth-quarter gross margin expanded to a record Looking ahead, the company guided to first-quarter revenue of 4. Spotify expects its business to be well-positioned to deliver another year of continued growth and improving margins as it reinvests to support its long-term potential.
In premarket trading, Spotify stock climbed 7. Disclosure: State of Alabama-based writer. This article is a work from cited sources for informational purposes and is used with permission. No affiliate links are included. After suffering a stroke in , the Hollywood Reporter published an article informing the music community that Murder Inc. Founder Irv Gotti has died at the age of 54 on February 5, Ford Motor Co. Despite the decline, retail sentiment remained resilient as the automaker delivered a stronger-than-expected fourth-quarter Q4 report.
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