Tag Archives: earnings

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, June 7, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Earnings season may be done, but corporate results are set to be the stock market’s next big problem. Again. In a note to clients published Monday, Morgan Stanley strategist Mike Wilson noted… Source link

(Bloomberg) — Shopify Inc. dropped as much as 16% after it missed analysts’ estimates for revenue and profit and announced the largest acquisition in its history, a $2.1 billion deal for delivery startup Deliverr. Most Read from Bloomberg The Canadian e-commerce software firm earned 20 cents per share on an adjusted basis in the first quarter, short of analyst calls for 64 cents. Revenue rose 22% to $1.2 billion from a year earlier, but couldn’t match analyst expectations of $1.25… Source link

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Google’s pandemic boom may finally be slowing. Google’s parent company, Alphabet, reported an 8 percent decline in quarterly profit on Tuesday, dragged down by slowing growth for advertising on YouTube and search as well as a decline in the value of its investments. The company posted a net profit of $16.44 billion for the first quarter, compared with a profit of $17.93 billion in the same period a year earlier — the first time the company’s quarterly profit had fallen from the prior… Source link

Google’s parent company Alphabet (GOOG, GOOGL) reported first-quarter sales that were roughly in-line with estimates, with the tech giant showing resilience in its key search advertising and cloud businesses. However, earnings came in lower-than-expected as costs mounted, and growth in the tech behemoth’s YouTube business slowed sharply compared to last year. Shares of Alphabet dropped more than 4.5% in late trading following the results. Here were the main metrics from Alphabet’s report… Source link

Text size Google on a tablet Dreamstime Google’s parent Alphabet is set to report… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Microsoft, Alphabet report later in the day * GE down after it sees 2022 earnings at lower end of forecast * Tesla slides as Musk clinches deal to buy Twitter * Indexes down: Dow 1.56%, S&P 1.90%, Nasdaq 3.03% (Adds comment; updates prices, details) By Bansari Mayur Kamdar and Devik Jain April 26 (Reuters) – The tech-heavy Nasdaq led Wall Street lower on Tuesday with a 3% slump, as… Source link

Text size Wall Street will digest a wave of U.S. corporate earnings this week. Dreamstime Stocks were down… Source link

(Bloomberg) — U.S. stocks rose as dip-buyers emerged ahead of a busy week for Big Tech earnings. Most Read from Bloomberg The S&P 500 gained in a choppy afternoon session, while the tech-heavy Nasdaq 100 climbed more than 1%. Twitter Inc. extended gains after billionaire entrepreneur Elon Musk agreed to buy the social networking platform. Alphabet Inc., Apple Inc., Amazon.com Inc. and Meta Platforms Inc. are all due to report. “This week may easily be a fork in the road of equities,” JC… Source link

TikTok’s massive popularity is shaping trends among social media companies, including Snap (SNAP), which reported earnings last week, said Ygal Arounian, an analyst at Wedbush (video above). “Snap and the others are moving kind of further deeper into this creator economy world, which TikTok has done a great job capturing,” he said. “So there’s a lot of focus on creating platforms that are similar to TikTok. Copycatting TikTok is a big trend right now.” Snap’s earnings were mixed…. Source link