Microsoft (MSFT) reported its fiscal Q1 2022 earnings after the closing bell on Tuesday, easily beating analysts’ expectations on the top and bottom line, with cloud revenue up 36% year-over-year. The stock was flat on the news. Here are the most important numbers from the report compared with what analysts were expecting, as compiled by Bloomberg. Revenue: $45.3 billion versus $43.93 billion expected Earnings per share: $2.71 versus $2.07 expected Intelligent Cloud: $16.98 versus $16.58 billion… Source link

Facebook (FB) shares took a hit Tuesday following news Monday that it’s seeing headwinds from Apple’s (AAPL) recent iOS privacy changes and waning interest among younger consumers. The news came after Facebook reported earnings that beat on profit but missed on revenue. While the company’s stock was down nearly 5% just before 2:30 p.m. Wednesday, MKM Partners analyst Rohit Kulkarni told Yahoo Finance Live that the social media giant’s earnings were actually better than feared. During… Source link

Season-long owners and daily fantasy players will be without some marquee names in Week 8, but it should be a walk in the park compared to weathering a barren Week 7 when 12 teams were off of the main slate. There’s a nice mix of high-priced studs, undervalued mid-priced assets, and lower-priced steals at our disposal for Yahoo DFS lineups this week. Our Week 8 Yahoo picks include a few star-studded names and some under-the-radar value. As always, we’re using… Source link

In this Tuesday, Oct. 5, 2021, photo, shows the exterior of a Google data center in The Dalles, Oregon. Andrew Selsky / AP The Dalles City Council voted Monday to approve tax breaks for Google, which plans to expand its footprint in the Columbia River Gorge. The city and Wasco County negotiated an agreement with the tech giant that will significantly reduce the amount of annual property taxes on up to two new data centers the company hopes to build in The Dalles. The deal would require Google… Source link

(Bloomberg) — The man behind a popular Twitter account that promoted penny stocks was criminally charged for touting securities while simultaneously dumping shares, the latest sign that authorities are setting their sites on the social-media frenzy that’s invaded U.S. equity markets. Most Read from Bloomberg Steven Gallagher, 50, was taken into custody in Ohio Tuesday for running a pump-and-dump scheme that netted him more than $1 million through the Twitter handle, @AlexDelarge6553,… Source link

Yahoo Finance: A&W Discusses How the Worker Shortage Continues To Wreak Havoc on U.S. Restaurants Please enable JavaScript to continue using this application. Source link

Stephen Shankland/CNET Google and IBM… Source link

Bank of America (BAC) CEO Brian Moynihan sees his firm not only as a legacy bank, but as a financial technology company on the cutting edge of digital innovation.  “We’re clearly a technology company,” Moynihan said at Yahoo Finance’s All Markets Summit on Monday. “We spend about $3.5 billion a year on new code implementation. New products and services are driven by technology.”  Digital payments have been a key component of Bank of America’s business, and have comprised a sizable proportion… Source link

Robinhood (HOOD) will report earnings on Tuesday after the closing bell. These are the metrics Wall Street analysts will be expecting for the investing app’s third quarter results, according to consensus estimates compiled by Bloomberg. Investors will be paying attention to commentary around the company’s recently announced crypto wallet. CEO Vlad Tenev recently told CNBC more than 1 million people are on the waiting list since announcing the wallet last month.  Cryptocurrency has becoming… Source link

Home price growth in the U.S. may finally be slowing down. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 19.8% annual gain in August, the same from July — remaining at an all-time high. The 20-City Composite posted a 19.7% annual gain, down from 20% a month earlier. The 20-City results were slightly down below analysts’ expectations of a 20% annual gain, according to Bloomberg consensus estimates. “In August 2021, the National… Source link