Microsoft Corp
Amazon jumps on revenue beat and rosy guidance for third quarter
Amazon shares climbed more than 12% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook. Here’s how the company did: EPS: Loss of 20 cents Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the quarter: Amazon Web Services: […]
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Intel CFO says we’re ‘on the bottom’ after company misses earnings and stock sinks
Intel CEO Pat Gelsinger pictured during the ‘Chips for health’ event at the Grischa Hotel at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Eric Lalmand | Belga Mag | AFP | Getty Images Intel shares sank as much as 10% in extended trading on Thursday after the chipmaker reported second-quarter results […]
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Jim Cramer advises investors to take a case-by-case approach to stocks
CNBC’s Jim Cramer on Wednesday said that investors should judge stocks individually rather than on fears of a looming recession, after the Federal Reserve indicated it could start taking a softer approach to raising interest rates. “The Fed looks to be out of the way until the next meeting in September — maybe they’re ahead […]
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Meta lost $2.8 billion on its virtual reality ambitions during Q2
Mark Zuckerberg, CEO of Facebook, speaks during the virtual Facebook Connect event, where the company announced its rebranding as Meta, in New York on Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Facebook parent Meta lost $2.81 billion on $452 million in revenue from its virtual reality division, Reality Labs, during the quarter […]
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Meta reports earnings miss and forecasts second consecutive quarter of declining revenue
People take photos of the new “Meta” sign at the One Hacker Way in Menlo Park, as Facebook changes its company name to Meta in California, on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak […]
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Stocks making the biggest moves midday: Chipotle, Microsoft, Spotify, Alphabet and more
Signage is displayed outside a Chipotle Mexican Grill Inc. restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. Chipotle is scheduled to release earnings figures on July 22. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Chipotle Mexican Grill– Shares of Chipotle surged more […]
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Microsoft and Alphabet earnings are signaling one thing: A lot of bad news has been priced in
Well, that covers just about … everything. Microsoft earnings release cited a litany of issues: unfavorable foreign exchange, extended productions shutdown in China, a deteriorating PC market in June, reductions in advertising spending and scaling down Russian operations. It left out frogs, boils, locusts, lice and hail, so the press release does not quite rise to […]
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Analysts cheer Microsoft’s cloud results and upbeat forecast
A strong showing in its cloud business, as well as an upbeat fiscal year forecast, has Wall Street bullish on Microsoft after the tech giant’s latest quarterly release. Microsoft reported earnings and revenue in its most recent quarter that missed expectations. Still, investors approved of the revenue growth in Azure and cloud services, which jumped […]
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Stocks making the biggest moves premarket: Boeing, Hilton, Spotify, Garmin and more
Check out the companies making headlines before the bell: Boeing (BA) – Boeing posted a wider-than-expected quarterly loss with revenue that fell below consensus estimates. However, Boeing reported positive operating cash flow and, unlike in prior quarters, did not see any charges related to the production of its 737 MAX jet. Boeing jumped 4.4% in […]
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Apple’s earnings will give a peek into the mindset of the high-end consumer
Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 6, 2022. David Paul Morris | Bloomberg | Getty Images Apple reports earnings on Thursday for the quarter ended in June. The third quarter of Apple’s fiscal year is […]
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