Tag Archives: earnings

TipRanks Billionaire Israel Englander Pours Money Into 2 “Strong Buy” Stocks Following the wild ride that was 2020, where does the market go from here? Major strides have been made in the COVID-19 vaccine race, yet the near-term picture remains unclear, blurred by the virus’ resurgence and the stimulus stalemate on Capitol Hill.In times like these, the investing greats can serve as a source of inspiration, namely billionaire Israel “Izzy” Englander.Who exactly is Englander? The… Source link

Tuesday, November 24, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Aggregate earnings don’t tell the whole story. Third quarter earnings season is wrapping up. Through Friday, earnings per share for S&P 500 companies was down 6.3% over last year, the fourth-biggest quarterly drop since 2009, according to data from FactSet. This will also mark the sixth time in the last seven quarters that year-over-year earnings fell, with tax cuts in… Source link

Uber (UBER) reported its Q3 2020 earnings after the closing bell on Thursday, beating analysts’ expectations on solid growth from its Eats business. Still, the impact of the ongoing coronavirus pandemic continues to be a concern for Uber’s main Rides business, which fell short of analysts’ forecasts. Here are the most important numbers from the report compared to what analysts were expecting from the company in the quarter, as compiled by Bloomberg. Gross bookings: $14.75 billion versus… Source link

“5G is a once-in-a-decade kind of opportunity,” Tim Cook told the media during the Q&A portion of Apple’s Q3 earnings call. “And we could not be more excited to hit the market exactly when we did.” The truth of the matter is its timing was a mixed bag. Apple was, by some accounts, late to 5G. By the time the company finally announced that it was adding the technology across its lineup of iPhone 12 variants, much of its competition had already beat the company to the punch. Of… Source link

Yandex N.V. YNDX reported third-quarter 2020 adjusted earnings of 27 centsper share, beating the Zacks Consensus Estimate by 80%. The figure was up 200% sequentially but down 15.6% year over year. Revenues of $732.1 million (RUB 58.3 billion) lagged the Zacks Consensus Estimate of $811 million. In ruble terms, the figure rose 30% on a year-over-year basisand 40.8% from the previous quarter. The reported revenue figure includes the consolidated financial results of Yandex.Market. Notably,… Source link

Yandex N.V. (YNDX – Free Report) reported third-quarter 2020 adjusted earnings of 27 centsper share, beating the Zacks Consensus Estimate by 80%. The figure was up 200% sequentially but down 15.6% year over year. Revenues of $732.1 million (RUB 58.3 billion) lagged the Zacks Consensus Estimate of $811 million. In ruble terms, the figure rose 30% on a year-over-year basisand 40.8% from the previous quarter. The reported revenue figure includes the consolidated… Source link

TipRanks 3 High-Yield Dividend Stocks Offering at Least 8%; Analysts Say ‘Buy’ America goes to the polls on Tuesday (well, actually, America has been early voting for a few weeks, now), and while Democrat Joe Biden has a solid lead in the polls, there is some of evidence that President Trump may still win a second term. Finally, with all of the early voting, mass absentee ballots, and possible extended counting deadlines, we might not know on Tuesday night who the winner is.It’s a… Source link

Apple (AAPL) reported fiscal fourth-quarter earnings after market close on Thursday that topped expectations, with sales from the company’s services offerings and Mac computers hitting quarterly records. However, shares traded lower by more than 3% immediately following the report, as investors focused on a worse-than-expected drop in iPhone sales during the third quarter, and a steep decline in sales in China. The results came just weeks following Apple’s highly anticipated unveiling of… Source link

The tech giant’s parent company, Alphabet, reported revenue of $46.17 billion for the three months ending in September — a 14% increase from the same period last year — highlighting its continued dominance even while facing numerous obstacles. The company also reported net income for the third quarter of $11.2 billion, blowing past analyst estimates. Alphabet (GOOGL) stock rose more than 8% in after-hours trading on Thursday. The earnings came a day after Alphabet’s CEO, Sundar Pichai,… Source link

On Thursday, the four biggest tech companies announce their earnings and tell you a lot about where we are as consumers. For instance, in the last earnings, Amazon and Apple stunned investors by revealing that when the pandemic started, Amazon replaced the neighborhood retail store for many people, as more products than ever were purchased during the crucial March 30 to June 30 time period, when COVID first hit. And as many people were sent home to work and learn, Apple sold more iPhones,… Source link