That is how Porch is able to turnaround its business from loss making to a profitable company.
πππPorch $Porch Group, Inc.(PRCH)$ achieved a profit for the 1st time compared to a loss in the previous quarter. This is due to a change in its business model from a traditional insurance business to management fee and commission based model. Porch also has a ecosystem of real estate services cum data platforms and insurance products.
25 Q1 Earnings Season: Mixed Results, What's Your Pick?
Twilio Inc stock jumped over 8% in extended trading after reporting first-quarter financial results
Reddit stock rose after forecasting second-quarter revenue above Wall Street estimates
McDonald's fell 1.9% after the fast-food giant reported first-quarter revenue that missed analysts' expectations
Eli Lilly declined 12% as it cut EPS guidance.
Qualcomm tumbled 8.9% as the revenue outlook missed.
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How do you expect Q1 earnings season?
Which companies are you bullish or bearish the most?
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