Technology
Facebook forecast points to possible revenue drop for the first time after decade of growth
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Prior to the first quarter of this year, Facebook’s revenue growth had never sunk into the single digits. In the second quarter, it may not grow at all. Though shares of Facebook […]
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Qualcomm revenue pops 41% driven by Android phone chip sales
Qualcomm reported second-quarter earnings Wednesday, beating Wall Street expectations for sales and earnings, and driving the stock up over 4% in extended trading. Here’s how Qualcomm did versus Refinitiv consensus expectations: EPS: $3.21, adjusted, versus $2.91 expected, up 69% year-over-year Revenue: $11.16 billion, adjusted, versus $10.60 billion expected, up 41% year-over-year QCT (chip sales): $9.55 […]
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Pinterest jumps after earnings beat
Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Pinterest jumped in after-hours trading Wednesday after the social media company reported first quarter 2022 earnings that beat analyst expectations. The stock was up more than 6%. Here’s how Pinterest did versus Refinitiv […]
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As Microsoft rallies, Activision Blizzard sinks to lowest price since deal news
Bobby Kotick, chief executive officer of Activision Blizzard Inc., walks the grounds after the morning session during the Allen & Co. conference in Sun Valley, Idaho, U.S., on Thursday, July 13, 2017. David Paul Morris | Bloomberg | Getty Images Shares of game publisher Activision Blizzard on Wednesday fell to their lowest price since Microsoft […]
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Spotify falls 11% on first quarter earnings despite beat on top and bottom
Omar Marques | LightRocket | Getty Images Shares of Spotify dipped Wednesday after the company reported its first-quarter 2022 earnings. The stock was down 10% in the morning amid what’s been a tough earnings season for tech stocks. Here are the key numbers: Earnings per share: 21 euro cents vs an estimated loss of 24 […]
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Apple now lets you buy parts so you can fix your iPhone yourself
Apple opened its “Self Service Repair” online store on Wednesday as the right to repair movement has put pressure on U.S. regulators to give consumers more control over their products. The new program, first announced in November, will offer customers more than 200 parts and tools customers can use to repair the iPhone 12, iPhone […]
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Wall Street analysts are still bullish on Alphabet despite disappointing quarter and YouTube struggles
Alphabet missed estimates for the first quarter, with YouTube revenue a weak spot. But Wall Street analysts reiterated their positive ratings on the stock. Source
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It’s ‘ridiculous and naive’ to think we can stop fossil fuel production immediately, says Standard Chartered CEO Bill Winters
Fossil fuels are ingrained in the global energy mix and companies continue to discover and develop oil and gas fields at locations around the world. Imaginima | E+ | Getty Images LONDON — The CEO of Standard Chartered believes it’s “ridiculous and naive” to think fossil fuel production can be immediately halted without any consequences, […]
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Twitter says mass deactivations after Musk news were ‘organic’
In this photo illustration, the Twitter logo is displayed on the screen of the phone, with Elon Musk’s Twitter account in the background. Twitter was flooded with user reports of high-profile accounts losing thousands of followers in the hours after news broke that Tesla CEO Elon Musk would purchase the social network. Sheldon Cooper/SOPA Images […]
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Alphabet CFO warns of another potentially weak quarter
Alphabet executives on their Q1 earnings conference call warned Q2 will show more deceleration. Source
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