Tag Archives: Estimates

Tech editor Dan Howley takes a closer look at Meta’s latest earnings beat alongside updates to its share buyback program. Video Transcript DAVE BRIGGS: All right, earnings alert here, investors hitting the like button on Meta earnings, up 13 plus percent after-hours after the company released its fourth quarter earnings. Share buyback, revenue beat. Dan Howley here with the most surprising thing you saw in this report. What do investors like, sir? DAN HOWLEY: Yeah, obviously, the stock buyback… 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 Friday, January 20, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App. Corporate earnings season will be in full swing by the end of next week. Big banks, airlines, and Netflix (NFLX) have all released… Source link

Netflix (NFLX) stock rose nearly 4% on Tuesday after Goldman Sachs boosted its estimates for the streaming giant amid a weakening U.S. dollar, extending a recent winning streak for shares of the streaming giant. “In just the last quarter, the FX landscape has changed dramatically with the [U.S. dollar] performance having a stark reversal in the last three months,” Goldman Sachs analyst Eric Sheridan wrote in a new note to clients. Sheridan notes the dollar index is down about 7% since… Source link

Disney’s (DIS) “Avatar: The Way of Water” delivered director James Cameron his first $100-million opening weekend — but missed industry expectations of $170 million-plus. The much-anticipated sequel, which runs 3 hours and 12 minutes, secured roughly $134 million in domestic markets — tying with Warner Bros.’ (WBD) “The Batman” as the fifth-highest opener of 2022, according to Comscore data. Disney, which saw shares slump 3% in early trading on Monday, had anticipated a range between $135… Source link

Disney’s (DIS) “Avatar: The Way of Water” delivered director James Cameron his first $100-million opening weekend — but missed industry expectations of $170 million-plus. The much-anticipated sequel, which runs 3 hours and 12 minutes, secured roughly $134 million in domestic markets — tying with Warner Bros.’ (WBD) “The Batman” as the fifth-highest opener of 2022, according to Comscore data. Disney closed Monday’s trading session down 4.8% — the lowest level since March 2020. The studio… Source link

Retail trading app Robinhood (HOOD) reported third quarter-earnings Wednesday showing the company beat revenue and earnings estimates thanks to higher interest earned from rising rates. But the platform fell short on maintaining monthly active users at consensus expectations. It lost 1.8 million monthly active users for the period, a quarterly decrease of 12.8% to 12.2 million, the lowest level since it listed as a publicly traded company. Shares of HOOD, which have sold off more than 33% year… Source link

JPMorgan CEO Jamie Dimon spoke to some of the bank’s wealthy clients on a call Tuesday, Yahoo reported.  He said there’s a 20-30% chance of a “harder recession” and equal odds of “something worse.” He described current risks as “storm clouds,” an apparent downgrade from his June warning of a “hurricane.” … Source link

Stocks opened Friday’s trading session lower after the June jobs report topped expectations. The US economy created 372,000 jobs in June while the unemployment rate held steady at 3.6% last month, data published Friday morning showed. Following this report, stocks fell with the Nasdaq losing 1% at the market open, the benchmark S&P 500 down about 0.5%, and the Dow off around 0.2%. Treasury yields were higher following this report, with two-year yields rising to 3.13%, further inverting the… Source link

A new Google Maps feature that estimates the amount you’ll have to pay in tolls to drive a given route has started appearing in the Android and iOS apps, according to Google. Android Police reports seeing the new toll pricing in the app, though it’s not yet visible on a pair of devices we’ve tried along the same route. The toll feature was first announced by Google in April. Google says that displayed toll pricing is based on “trusted information from local tolling authorities,”… Source link

Airbnb (ABNB) reported first-quarter results that exceeded estimates, as virus-related restrictions eased further and helped lift business. The company also reported its first quarter of positive adjusted EBITDA even as it navigated a jump in Omicron cases at the beginning of this year and international disruptions due to Russia’s invasion of Ukraine. Shares of Airbnb rose 6.5% in after-hours trading immediately following the results. Here’s what the lodging company posted in fiscal… Source link