Tag Archives: sales

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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Slowing ad sales, an antitrust suit, and ChatGPT on deck

Slowing ad sales, an antitrust suit, and ChatGPT on deck

Google parent Alphabet (GOOG, GOOGL) will report its Q4 earnings after the bell on Wednesday as investors and analysts look for signs that the broader digital advertising market has hit its bottom. Here’s what Wall Street expects from the company, as compiled by Bloomberg, compared to how the company performed in the same period last year. Alphabet had a 20-to-1 stock split in July 2022. The company, like Meta (META) and Snap (SNAP), is working to overcome a slowdown in the digital… Source link

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Microsoft to cut 10,000 jobs, as PC sales, cloud growth decline

Microsoft to cut 10,000 jobs, as PC sales, cloud growth decline

Microsoft (MSFT) announced on Wednesday that it is laying off 10,000 workers as part of an effort to cut costs at the tech behemoth. The layoffs impact roughly 4.5% of Microsoft’s 221,000 total employees. The cuts are expected to be completed by Microsoft’s fiscal Q3, which ends March 31. Microsoft says the layoffs will result in a $1.2 billion charge, representing -$0.12 per share. The Redmond-based company previously announced layoffs in October, shedding as many as 1,000 jobs, according… Source link

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Wyoming wants to phase out sales of new EVs by 2035

Wyoming wants to phase out sales of new EVs by 2035

While jurisdictions like California and New York move toward banning the sale of new gasoline-powered cars, one US state wants to go in the opposite direction. Wyoming’s legislature is considering a resolution that calls for a phaseout of new electric vehicle sales by 2035. Introduced on Friday, Senate Joint Resolution 4 has support from members of the state’s House of Representatives and Senate. In the proposed resolution, a group of lawmakers led by Senator Jim Anderson says Wyoming’s… Source link

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