Tag Archives: quarterly

Apple, the world’s most valuable tech company, reported record revenue for a September quarter — but its stock slid after sales fell short of expectations and execs warned of ongoing supply-chain problems. The company posted $83.4 billion in revenue, up 29% year over year, and net income of $20.6 billion (or quarterly earnings per diluted share of $1.24). Wall Street analysts on average had pegged Apple revenue to come in at $84.85 billion and EPS at $1.24. Click here to sign up for… Source link

Robinhood (HOOD) shares were up more than 7% by mid-session ahead of the trading platform’s first earnings report since becoming a public company. The results are highly anticipated given its retail user base and the stock’s wild ride following its IPO. This is what the Street is expecting, based on estimates compiled by Bloomberg.  Adjusted earnings (loss) per share: -.26 cents Revenue: $559.5 million In line with the company’s “democratize finance for all” theme, the trading platform has… Source link

(Bloomberg) — Roblox Corp., the developer of a video-game platform that’s widely used by preteens, fell as much as 7.8% in late trading after reporting second-quarter bookings that missed Wall Street estimates. Bookings, a measure of sales, rose to $665.5 million, the San Mateo, California-based company said Monday, missing the $683.3 million average of analysts’ estimates. In July, daily active users rose 8% from the prior month to 46.6 million. Roblox doesn’t provide forecasts. To… Source link

AMC Entertainment (AMC) shares are up in after-hours after the movie theater company beat on the top and bottom line for its second quarter.  AMC reported a loss per share of 71 cents, compared to Wall Street estimates of a loss of 94 cents per share.  Revenue climbed to $444 million for the quarter versus expectations of $382.25 million. The company’s second-quarter performance is a massive increase compared to the same period last year when it brought in revenues of $19 million. The top… Source link

July 27 (Reuters) – Google parent Alphabet Inc’s (GOOGL.O) quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online. Shares of Alphabet, the world’s largest provider of search and video ads, rose 3.3% in extended trading after the results, which handily beat analyst estimates. Shares of Facebook, which competes with Google in web ad sales and reports its own results on Wednesday, rose 1.3%.

By Sheila Dang, Nivedita Balu (Reuters) -Google parent Alphabet Inc’s quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online. Shares of Alphabet, the world’s largest provider of search and video ads, rose 3.3% in extended trading after the results, which handily beat analyst estimates. Shares of Facebook, which competes with Google in web ad sales and reports its own results on… Source link

TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have taken notice of the market shakeups, and are working out what it means for investors. According to macro strategist Gurpreet Gill, watching bond yields and stock values closely,… Source link

Tesla (TSLA) reported fourth-quarter results Wednesday after market close, offering the last look at the electric car-maker’s performance at the end of a record-breaking year and early guidance for 2021. The company posted its first-ever quarter doing $10 billion or more in revenue. However, Tesla’s earnings fell short of estimates, though the company did eke out a sixth straight quarterly profit. Shares fell more than 4% in late trading after the results. Here were the main results in… Source link

Southwest Airlines (LUV) on Thursday reported a net loss of $1.2 billion on revenue of $1.8 billion in the third quarter. Chairman and CEO Gary Kelly says the coronavirus pandemic continues to cause huge losses for the airline but he is encouraged, “by modest improvements in leisure passenger traffic,” since a slowdown in July. Here are the quarterly results compared to consensus estimates compiled by Bloomberg: Diluted earnings loss per share: net loss of $1.96 per share vs. expected loss… Source link