Tag Archives: continues

Microsoft (MSFT) announced its Q2 earnings after the bell on Tuesday, barely missing analysts’ expectations on revenue and beating on earnings per share. Here are the most important numbers from the report compared to what analysts were expecting from the quarter, as compiled by Bloomberg. Revenue: $52.7 billion vs. $52.9 billion expected Adjusted EPS: $2.32 vs. $2.30 expected Productivity and Business processes: $17 billion vs. $16.8 billion expected Intelligent Cloud: $21.5 billion vs. $21.4… Source link

Digital asset manager Osprey Funds has laid off 15 employees and is currently operating with fewer than 10 employees, including four members of its leadership team, a source familiar with the matter tells Yahoo Finance. “Osprey had layoffs last summer and fall aligned with the downturn in the crypto market, however Osprey remains strong,” Osprey Funds CEO Greg King told Yahoo Finance over email. Osprey’s Bitcoin Trust (OBTC), which is available at online brokers Fidelity, Charles Schwab, and… Source link

Lennar (LEN) reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode. Lennar said this week new home orders dipped 15% year-over-year in the fourth quarter, reaching 13,200 homes, beating estimates for 12,854 to be delivered. The homebuilder posted quarterly results that topped Wall Street expectations, with earnings per share coming at $5.02 compared to $4.89 consensus estimates compiled by Bloomberg. Revenue in the quarter totaled to… Source link

Lennar (LEN) reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode. Lennar said this week new home orders dipped 15% year-over-year in the fourth quarter, reaching 13,200 homes, beating estimates for 12,854 to be delivered. The homebuilder posted quarterly results that topped Wall Street expectations, with earnings per share coming at $5.02 compared to $4.89 consensus estimates compiled by Bloomberg. Revenue in the quarter totaled to… Source link

Stock futures were lower early Friday, continuing the downward momentum seen during Thursday’s deep sell-off. Near 7:45 a.m. ET, futures tied to the Dow and S&P 500 were off about 1%, while Nasdaq futures were down 0.7%. After rebounding earlier this week, the stock market is on pace to log weekly losses again after last week saw the S&P 500 suffer its worst weekly loss since late September. The price of crude oil was also under pressure early Friday, with WTI futures down over 2% to trade near… Source link

Tesla stock is having a bad year, and a very bad December so far. Shares of the EV maker are down 17% so far this month, according to Yahoo Finance data, and down more than 50% so far in 2022. The stock fell more than 1% in early trading on Wednesday, and the company’s ticker page remains among the most visited on Yahoo Finance as fans of the brand grow increasingly antsy. Analysts point to several factors behind the stunning fall in Tesla’s once indestructible stock price. First, the risk of… Source link

Yahoo has announced new interoperability partnerships, including Alliant, AdPredictive, and Tealium, for its cookieless identity solution, Yahoo ConnectID. The new partners add more power to the platform and support for Yahoo ConnectID, as advertisers and publishers seek a privacy-first solution to drive campaign personalisation, performance and measurement.   Yahoo ConnectID now reaches over 290 million addressable users globally, up 40 million since the start of the year. The solution is… Source link

The shake-up at Warner Bros. Discovery (WBD) continues. On Friday, the media giant revealed prominent Discovery executives will be exiting the company — the latest in a slew of restructuring efforts as CEO David Zaslav doubles down on streamlining the debt-ridden business. Among the departures will be Nancy Daniels, who oversaw channels at Discovery, TNT, and TBS, along with Jane Latman, who led the company’s HGTV and Food Network divisions. Matthew Butler, who most recently oversaw content… Source link

U.S. stocks edged lower in choppy trading Wednesday, extending a downtrend that started the week as investors weigh higher interest rates and the prospect of an economic downturn against optimism around easing COVID protocols in China. The S&P 500 (^GSPC) slumped 0.3%, while the Dow Jones Industrial Average (^DJI) fell roughly 50 points, or 0.2%. The technology-heavy Nasdaq Composite (^IXIC) sank 0.7%. In commodities markets, oil extended losses to trade near $72 per barrel after a decline of… Source link

U.S. stocks edged lower in choppy trading Wednesday, extending a downtrend that started the week as investors weigh higher interest rates and the prospect of an economic downturn against optimism around easing COVID protocols in China. The S&P 500 (^GSPC) slumped 0.3%, while the Dow Jones Industrial Average (^DJI) fell roughly 50 points, or 0.2%. The technology-heavy Nasdaq Composite (^IXIC) sank 0.7%. In commodities markets, oil extended losses to trade near $72 per barrel after a decline of… Source link