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Browsing Category
Business
Apple spending more on AI, but remains behind its Silicon Valley peers
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024.Source: AppleThe topic of greatest interest to analysts on Apple's quarterly earnings call on Thursday was a product that's not even available to the general…
Amazon’s messy second quarter doesn’t change our outlook on the stock
Amazon shares are getting dinged on Thursday after its second-quarter sales missed expectations, despite a terrific performance from its cloud business. It doesn't change our thesis for this longtime core holding. Revenue increased 10%…
Amazon says distraction of Olympics, Trump shooting caused weak guide
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon is pointing to an unusually busy news cycle as one…
Block (SQ) earnings Q2 2024
Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 93 cents adjusted vs. 84 cents…
Here’s everything you need to know about Friday’s big jobs report
People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida. Joe Raedle | Getty ImagesThe U.S. labor market may have cooled some in July, as a gradual…
Intel (INTC) Q2 earnings report 2024
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024.I-hwa Cheng | AFP | Getty ImagesIntel shares slid as much as 15% in extended trading on Thursday after the…
Eaton shares get dragged down in the market selloff despite a nice beat and raise
Eaton on Thursday morning delivered quarterly beats on its top and bottom lines. Segment profit margin and organic sales growth topped estimates. Management also raised its outlook for the year. Despite that show of strength, shares of the…
Apple (AAPL) earnings report Q3 2024
Apple's third quarter, which ends in June, is traditionally the company's slowest quarter of the year by sales.This year, the "main event" won't be Apple's earnings, wrote Barclays analyst Tim Long, it's what the company says about the…
Amazon (AMZN) Q2 earnings report 2024
Amazon CEO, Andy Jassy speaking with CNBC's Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023.CNBCAmazon is set to report second-quarter earnings after the bell on Thursday.Here's what analysts polled by LSEG are expecting:Earnings…
‘What is it they’re looking for?’
Federal Reserve Chairman Jerome Powell arrives to speak at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. Andrew…
Biogen (BIIB) earnings Q2 2024
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021.Dado Ruvic | ReutersBiogen on Thursday reported second-quarter earnings and revenue that topped estimates and hiked its full-year…
Moderna (MRNA) earnings Q2 2024
The Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty ImagesModerna on Thursday reported second-quarter revenue that beat expectations but slashed its full-year sales…
Wayfair (W) earnings Q2 2024
The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois. Scott Olson | Getty ImagesOnline home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current…
Oil giant Shell beats second-quarter profit expectations
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024.Matt Cardy | Getty Images News | Getty ImagesBritish oil giant Shell on Thursday posted stronger-than-expected second-quarter profit…
Barclays earnings result Q2 2024
One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021. Bloomberg | Bloomberg | Getty ImagesLONDON — Barclays on Thursday reported second-quarter net profit attributable to…
Lithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium prices
A worker walks past a pile of lithium ore at a Talison Lithium Ltd. site, a joint venture between Tianqi Lithium Corp. and Albemarle Corp., in Greenbushes, Australia.Carla Gottgens | Bloomberg | Getty ImagesLithium mining giant Albemarle…
Meta shows its AI spending is already paying off in big earnings beat
Meta Platforms on Wednesday reported better than expected quarterly results, delivering revenue at the high end of guidance thanks to a roughly 22% increase in advertising dollars. While there are still concerns about the company's…
Carvana (CVNA) earnings Q2 2024
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on in Daly City, California, on July 19, 2023.Justin Sullivan | Getty ImagesShares of Carvana jumped as much as 14% during after-hours trading Wednesday as…
Arm Q1 earnings report 2025
Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024.Annabelle Chih | Bloomberg | Getty ImagesArm shares fell more than 13% in extended trading on Wednesday after…
Qualcomm (QCOM) earnings report Q3 2024
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022.Steve Marcus | ReutersQualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street…
GEHC gives reasons to look beyond temporary China woes and shares reverse higher
GE Healthcare on Wednesday morning reported a mixed second quarter and shares initially moved sharply lower. The stock then reversed higher as the post-earnings call got underway. Management made it clear that they think that weakness in…
DuPont’s recovery gains speed with another catalyst for stock looming
DuPont on Wednesday reported another beat-and-raise quarter, continuing a recovery partly driven by growing demand for AI chips — and rewarding our patience with the stock. Net sales in the three months ended June 30 totaled $3.17 billion,…
Meta Q2 earnings report 2024
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta is slated to report second-quarter earnings on Wednesday after…
Private payroll growth slowed to 122,000 in July, less than expected, ADP says
A "Now Hiring" sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. Michael M. Santiago | Getty ImagesPrivate job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls…
Boeing (BA) earnings Q2 2024
A logo is seen on the Boeing stand on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 2024.Justin Tallis | AFP | Getty ImagesBoeing reported a bigger loss and weaker revenue than analysts…
Euro zone inflation, July 2024
People shopping at the downtown market, Cour Lafayette, in Toulon, on July 27, 2024.Magali Cohen / Hans Lucas | Afp | Getty ImagesHeadline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union's statistics agency…
HSBC H2 earnings
Aaron P | Bauer-Griffin | GC Images | Getty ImagesEurope's largest lender HSBC on Wednesday declared a share buyback program of up to $3 billion, as pretax profit for the first half of the year beat expectations on the back of a…
Pinterest (PINS) Q2 2024 earnings
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | ReutersPinterest shares sank about 15% when the company reported its second-quarter earnings on…
AMD jumps on earnings report that validates our decision to reinvest in the stock
Advanced Micro Devices on Tuesday proved it is an emerging force in the AI chip race, as its data center business helped fuel better-than-expected quarterly results. Revenue in the three months ended June 29 advanced 9% year over year to…
We’re upgrading Microsoft after earnings. The stock slid enough lately
Microsoft delivered an overall strong quarter after Tuesday's market close, but a miss on Azure revenue growth put shares under pressure in extended-hours trading. Revenue increased about 15% year over year to $64.73 billion in its fiscal…