Tag Archives: earnings

Cloud News Mark Haranas October 27, 2022, 01:44 PM EDT Here are the five biggest takeaways from Google Cloud’s third-quarter earnings results this week around Google’s hiring strategy in 2023, Workspace momentum and Google CEO Sundar-Pichai’s long term investment in its cloud business.

U.S. stocks were mixed Thursday as investors braced for another batch of tech earnings from Amazon (AMZN) and Apple (AAPL) and dissected a better-than-expected U.S. GDP report. The Dow Jones Industrial Average (^DJI) and technology-heavy Nasdaq Composite (^IXIC) diverged, with the Dow jumping more than 350 points and the Nasdaq falling 0.7%. The S&P 500 (^GSPC) ticked up slightly by 0.1% in midday trading. The S&P 500 and Nasdaq fell Wednesday, snapping three straight days of gains for the… Source link

The news: Google’s parent company Alphabet fell short of investor’s expectations in its Q3 earnings. Alphabet’s growth has decelerated for five consecutive quarters, with revenues coming in at $57.5 billion, short of the anticipated $58.3 billion. The company’s shares have fallen 28% this year compared with the S&P 500’s 23% drop. Combined with Microsoft’s earnings report, showing the slowest growth in five years, the tech giants’ performance pulled the stock market down. As of… Source link

Meta (META) is gearing up to report its third-quarter earnings after the closing bell on Wednesday. Here’s what Wall Street’s expecting from Facebook’s parent company, as compiled by Bloomberg: Revenue: $27.4 billion expected Earnings Per Share (EPS): $1.88 expected Facebook Daily Active Users (DAUs): 1.86 billion expected The digital advertising slowdown had been top-of-mind for Meta and Big Tech overall heading into this week’s earnings. On Tuesday, Google parent Alphabet (GOOG, GOOGL) reported… Source link

Chipotle (CMG) posted third quarter 2022 earnings results Tuesday after market close that slightly beat market expectations. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to Bloomberg consensus estimates: Revenue: $2.2 billion versus $2.24 billion expected Adj. earnings per share (EPS): $9.51 versus $9.23 expected Same-store sales: 7.6% versus 7.38% expected The third quarter that ended on September 30, 2022, proved that customers are… Source link

U.S. stocks were mixed on Tuesday morning ahead of corporate earnings from some of the market’s biggest players. The S&P 500 (^GSPC) inched higher 0.2% while the Dow Jones Industrial Average (^DJI) ticked down by 0.1%. The technology-heavy Nasdaq Composite (^IXIC) up by 0.6%. Stocks gained on Monday, as the major indices rallied ahead of a slew of third-quarter earnings this week. Coca-Cola (KO) posted earnings before the bell on Tuesday. The Atlanta-based company raised its full-year outlook… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, Oct. 25, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. Read this and more market news on the go with Yahoo Finance App. This week, we’ll get Q3 earnings announcements from some big names including Microsoft (MSFT), Alphabet (GOOG, GOOGL), Meta Platforms (META), Apple (AAPL), and Amazon ( Source link

Key Takeaways Analysts estimate EPS of $1.25 vs. $1.40 in Q3 FY 2021. Google Cloud revenue is expected to rise year over year but at the slowest pace in at least four years. Revenue is expected to rise but at a slower pace compared to recent quarters. Alphabet (Google) Inc. (GOOGL), the third-largest tech company by market capitalization, will probably report a third straight quarter of earnings declines and slowing revenue growth for the third quarter of 2023 amid a challenging ad… Source link

With earnings season about to shift into high gear, VettaFi head of research Todd Rosenbluth appeared on Yahoo!Finance to discuss how big tech earnings could impact ETF investors. Rosenbluth noted that tech ETFs have been relatively strong in 2022 in terms of inflows. He said, “we’ve seen over 6 billion dollars of money go into technology ETFs.” He noted that defensive sectors are also seeing strength, with consumer staples, utilities, and healthcare also seeing… Source link

With earnings season about to shift into high gear, VettaFi head of research Todd Rosenbluth appeared on Yahoo!Finance to discuss how big tech earnings could impact ETF investors. Rosenbluth noted that tech ETFs have been relatively strong in 2022 in terms of inflows. He said, “we’ve seen over 6 billion dollars of money go into technology ETFs.” He noted that defensive sectors are also seeing strength, with consumer staples, utilities, and healthcare also seeing… Source link