Tag Archives: Stock

Yahoo Finance’s Seana Smith reports on how Meta stock is trading after hours following the Facebook parent company’s Q4 earnings results. Video Transcript SEANA SMITH: All right, Dan, sorry to cut you off here. We just want to jump in with Meta earnings because they are out. So let’s get to the numbers here. Taking a look at the stock reaction, look at that, up just about 12% here. Revenue coming in stronger than expected, 32.17 billion. The estimate on the Street was for 31.65 billion…. Source link

Meta (META) reported its Q4 2022 earnings today after the bell, and the Facebook parent beat key revenue expectations and growing losses on its metaverse operation. It also announced a $40 billion stock buyback plan. Here’s what the key numbers looked like, as compared to analysts’ estimates compiled by Bloomberg. Q4 Revenue – $32.17 billion actual versus $31.65 billion expected Advertising Revenue – $31.25 billion actual versus $30.86 billion expected Adjusted Earnings Per Share (EPS) –… Source link

Investors have had a slew of downbeat headlines to kick off 2023. Eye-popping layoff news from tech stalwarts Amazon, Microsoft, Salesforce and 3M. Chip giant Intel reported another tough outlook amid a major slowdown in PC demand. Ford and Tesla slashing prices on EVs as the economy has cooled. Signs that inflation continues to slow — but not at such a rapid pace as to suggest rate cuts from the Federal Reserve later this year. Earnings are meh. And yet stocks are off to a surprisingly… Source link

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

By Market Capitalisation.Net Sales.Net Profit.Total Assets.Excise.Other Income.Raw Materials.Power & Fuel.Employee Cost.PBDIT.Interest.Tax.EPS.Investments.Sundry Debtors.Cash/Bank.Inventory.Debt.Contingent Liabilities. Screen Crit

U.S. stocks moved lower at the open Friday as investors weigh in on fresh data that shows consumer spending rose at a slower pace in December, a closely watched measure by the Federal Reserve. The S&P 500 (^GSPC) edged down 0.2%, the Dow Jones Industrial Average (^DJI) was flat. The technology-heavy Nasdaq Composite (^IXIC) declined by roughly 0.2%. The yield on the benchmark 10-year U.S. Treasury note ticked up to 3.52% from 3.497% on Thursday. The dollar index added 0.28% to $102.12. WTI… Source link

BuzzFeed (BZFD) is planning to heavily lean on AI-generated content. News that sent shares of the company exploding higher, rising as much as 150% in afternoon trade. According to an internal memo obtained by Yahoo Finance, and first reported by The Wall Street Journal, the company plans to utilize ChatGPT creator OpenAI to generate and personalize some of its content and enhance its quizzes. “To fulfill the promise of our mission, we need to build a stronger business foundation by executing a… Source link

Tesla CEO Elon Musk sounded sleepy on the EV maker’s earnings call late Wednesday. That’s not surprising given the time needed to try to reduce debt at Twitter, appear in court, study rocket designs, and stay up late the day before the call with the Tesla AI team. Musk did his best to sound enthusiastic about Tesla’s business as he warned of a “severe” recession this year — doubling down on his recent downbeat economic rhetoric — before announcing a delay in the timeline of Cybertruck… 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 Thursday, January 26, 2023 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with the Yahoo Finance App. Stocks mounted an impressive comeback Wednesday, with the Nasdaq Composite (^IXIC) nearly erasing its biggest opening deficit… Source link

For Meta (META) this year, the road ahead will focus on better execution with fewer employees, and maybe a higher stock price, argues RBC analyst Brad Erickson. “We think they are making improvements in terms of targeting and measurement, and we think that is translating into incremental dollar growth and advertising,” Erickson said on Yahoo Finance Live (video above). Meta is Erickson’s top pick from his sector coverage for 2023. The bullish call comes after a brutally challenging year for… Source link