Internet
Comcast tops earnings estimates as Olympics propels the company
Comcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal’s revenue and Peacock’s subscriber count. Shares of Comcast gained 6% in premarket trading Thursday. Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG: Here is how Comcast is expected to perform, according to estimates from analysts […]
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Uber reports third-quarter results that beat Wall Street’s revenue expectations
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco on Sept. 26, 2019. Philip Pacheco | AFP via Getty Images Uber reported third-quarter results on Thursday that beat Wall Street’s expectations for revenue but missed on analysts’ projections for gross bookings. Shares of the company were down more than 5% pre-market […]
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Even Mark Zuckerberg seems surprised by Meta’s pace of spending on AI
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta has been so quick to build out its massive data center and computing infrastructure for artificial intelligence projects that CEO Mark Zuckerberg is even a […]
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EBay stock sinks after lackluster Q4 guidance, election distraction
A sign is posted in front of eBay headquarters in San Jose, California. Justin Sullivan | Getty Images Shares of eBay slumped about 9% in extended trading on Wednesday after the online marketplace issued guidance for the fourth quarter that fell short of Wall Street’s expectations. Here’s how the company did in the third quarter: […]
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Meta’s Reality Labs posts $4.4 billion loss in third quarter
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Despite Meta’s successful showcase of its Orion prototype AR glasses in September, the social media giant continues to lose […]
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Meta set to report Q3 earnings after the bell
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta is slated to report third-quarter earnings on Wednesday after the close of regular trading. Here’s what analysts polled by LSEG are […]
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Reddit shares soar 40% on profitability, rosy guidance
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Timothy A. Clary | AFP | Getty Images Shares of Reddit popped more than 40% on Wednesday, one day after the social media company posted a surprise profit in its third-quarter results and offered […]
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Google’s new CFO makes earnings call debut, says company can ‘push a little further’ on cost cuts
Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli Lilly Eli Lilly For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley. On Tuesday, Porat’s successor, Anat Ashkenazi, made her earnings […]
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Snap shares jump 10% on profit beat, stock buyback
The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles in Los Angeles on Sept. 17, 2024. Andrej Sokolow | Picture Alliance | Getty Images Snap reported better-than-expected third-quarter results on Tuesday but issued light fourth-quarter guidance. The stock jumped more than 10% in extended trading. Here is how the company […]
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Reddit shares soar 22% on earnings beat and better-than-expected forecast
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images Reddit shares jumped 22% in extended trading Tuesday, […]
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