Tag Archives: fall

Yandex’s Q2 profits fall as costs rise versus 2022 ‘anomaly’

Yandex’s Q2 profits fall as costs rise versus 2022 ‘anomaly’

By Alexander Marrow and Gleb Stolyarov (Reuters) -Russian tech giant Yandex reported a 27% fall in second-quarter profits on Thursday as costs rose from a year earlier when the company tightened spending in the immediate aftermath of Russia’s invasion of Ukraine. Often dubbed “Russia’s Google”, Yandex has struggled to balance domestic pressures with the interests of its Western investors since Russia sent troops into Ukraine in February 2022. Yandex’s adjusted net income dropped to 9.6 billion… Source link

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Apple misses Q1 earnings expectations as iPhone sales fall short

Apple misses Q1 earnings expectations as iPhone sales fall short

Apple (AAPL) reported its Q1 earnings after the closing bell on Feb. 2, missing analysts’ expectations on the top and bottom line as iPhone sales came up short, declining more than 8% year-over-year. Here are the most important numbers from the report compared to what Wall Street was expecting, as compiled by Bloomberg. Revenue: $117.1 billion versus $121.1 billion expected Adj. earnings per share: $1.88 versus $1.94 expected iPhone revenue: $65.7 billion versus $68.3 billion expected Mac… Source link

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Stock futures fall ahead of blockbuster week

Stock futures fall ahead of blockbuster week

U.S. stock futures moved lower ahead of the open Monday as investors await a blockbuster week that includes the latest Fed meeting, a flurry of heavyweight earnings reports, and jobs data. Futures tied to the S&P 500 (^GSPC) down 1%, while futures on the Dow Jones Industrial Average (^DJI) lost 0.7%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) declined by roughly 1.3% The yield on the benchmark 10-year U.S. Treasury note ticked up to 3.557% on Monday morning. The dollar index… Source link

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Nasdaq builds on last week’s gains; S&P 500, Dow fall to start week

Nasdaq builds on last week’s gains; S&P 500, Dow fall to start week

U.S. stocks closed mixed on Monday after failing to sustain momentum from the first big rally of the year last week. Technology led the way higher, with the Nasdaq Composite (^IXIC) rising 0.6%, an outlier in the session, though far below the climb of more than 2% that the index saw earlier into trading. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each turned lower into the close, falling 0.1% and 0.3%, respectively, after paring the day’s gains. The U.S. dollar continued its… Source link

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Stocks fall in first trading day of 2023, Apple and Tesla sink

Stocks fall in first trading day of 2023, Apple and Tesla sink

U.S. stocks closed with losses Tuesday as last year’s selling pressures poured over into a busy first trading week of 2023. The S&P 500 (^GSPC) dropped 0.4%, while the technology-heavy Nasdaq Composite (^IXIC) fell 0.8%. The Dow Jones Industrial Average (^DJI) capped the session just below breakeven. Apple (AAPL) shares sank 3.7% on Tuesday to the lowest level since June 2021, bringing the company’s market capitalization below $2 trillion — a symbolic milestone for the tech stock rout that… Source link

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