Earnings
Amazon cloud records 20% sales growth, topping estimates
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon said Thursday that revenue in its cloud computing business increased 20% in the third quarter, exceeding analysts’ estimates. Revenue at Amazon Web Services for the third […]
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Roblox stock slips 15% as company expects more spending on safety and infrastructure
Roblox shares sank 15% on Thursday as the company said it expects increased capital expenditures that could pressure margins. The gaming company said it expects capital expenditures of $468 million, an increase of $158 million from prior guidance. “Our operating margin could decline slightly year-over-year due to the combination of higher DevEx rates and the […]
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Amazon earnings: Cloud growth, holiday outlook and layoffs in focus
Amazon is slated to post results for the third quarter after the closing bell Thursday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $1.57 Revenue: $177.8 billion Wall Street is also looking at other key revenue numbers: Amazon Web Services: $32.42 billion expected Advertising: $17.34 billion expected AWS growth will be […]
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Chipotle stock craters as Wall Street grows ‘concerned’ after company cuts forecast
A Chipotle logo is displayed on a sign at a shop on June 1, 2025 in Washington, DC. Kevin Carter | Getty Images Shares of Chipotle Mexican Grill tumbled as much as 19% in morning trading on Thursday after the company cut its full-year same-store sales forecast for the third straight quarter. Including Thursday’s move, […]
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Meta stock drops 10% as heightened AI spending overshadows strong third-quarter results
Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Meta Platforms‘ stock dropped more than 10% Thursday as skepticism about the payoff from its aggressive artificial intelligence spending plans overshadowed strong results. The social media […]
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Alphabet stock jumps 4% after posting strong results, boosting AI spend
Alphabet stock jumped 4% Thursday after the company reported third-quarter financial results that beat across the board and increased its capital expenditures for the year. The Google parent company bumped its spending expectations on artificial intelligence infrastructure to $91-$93 billion from $85 billion the prior quarter, noting continued strong cloud demand. CEO Sundar Pichai said the […]
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Jeep maker Stellantis stock falls 6% after issuing warning on one-off costs
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images Stellantis on Thursday issued a warning on one-off costs through the second half of the year as the embattled automaker seeks to […]
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Comcast beats earnings estimates despite more broadband subscriber losses
Comcast topped Wall Street earnings and revenue estimates for the third quarter on Thursday, despite once again reporting a loss in broadband customers. The company said it lost 104,000 domestic broadband customers during the period, bringing its total subscriber base to roughly 31.4 million. This marked the fourth quarter in a row that Comcast failed […]
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Merck tops estimates on Keytruda strength and narrows profit outlook, as it lowers estimated tariff hit
Merck on Thursday reported third-quarter earnings and revenue that topped estimates as it saw strong demand for its cancer immunotherapy Keytruda. The drugmaker also narrowed its full-year profit outlook to reflect lower estimated tariff costs, among other factors. Sales of Keytruda topped $8 billion for the first time in a quarter, rising 10% from the […]
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Restaurant Brands earnings top estimates, fueled by Tim Hortons and international growth
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by growth of its international restaurants and Tim Hortons. Combined, the two divisions account […]
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