Google parent company Alphabet‘s stock rose as much as 9% in after-hours trading as it crushed expectations for both earnings and revenue in its third-quarter earnings results, showing strong growth in advertising revenue across the board. Here are the results. Earnings per share: $16.40 vs $11.29 expected, according to Refinitiv estimates Revenue: $46.17 billion vs $42.90 billion
Earnings
Facebook stock was down more than 2% on Thursday after the company reported a decrease in users in the U.S. and Canada but moderate revenue growth in its third-quarter earnings. Earnings: $2.71 cents per share, vs $1.91 per share forecast by Refinitiv Revenue: $21.47 billion, vs $19.8 billion forecast by Refinitiv Daily active users (DAUs):
Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC Chevron reported its second straight quarter of losses on Friday after revenue during the third quarter fell 32% year over year as Covid-19 continues to hammer the industry. Amid declining oil prices Chevron said it implemented aggressive cost-cutting measures. The oil giant lost $207 million during
Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour on Friday reported revenue about flat with a year earlier, with earnings topping estimates, as consumers stocked up on the brand’s sneakers and workout gear. Chief Executive Patrik Frisk cited higher demand for the
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Shares of Twitter, Facebook, Apple and Amazon remained down in premarket trading Friday after the companies released quarterly reports that failed to wow Wall Street. Here’s what’s
Facebook, Google and Twitter logos are seen in this combination photo from Reuters. REUTERS Big Tech’s third-quarter earnings showed digital ad revenue came roaring back in recent months, and suggested some of the digital ad trends tied to the explosion of e-commerce could be here to stay. Alphabet, Facebook, Twitter and Amazon, which reported earnings
Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Amazon reported blowout third-quarter results on Thursday, including a big beat on the top line. The stock climbed 1.5% after hours. Earnings: $12.37 vs $7.41 per share expected, according to analysts surveyed by Refinitiv Revenue: $96.15 billion vs $92.7 billion expected, according to analysts surveyed by
Apple CEO Tim Cook reveals the new iPhone 12. Source Apple is set to report its fiscal fourth quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: EPS: $0.70 Revenue: $63.7 billion iPhone revenue: $27.93 billion Services revenue: $14.08 billion Other products revenue: $7.40 billion Mac
When Target merchandising veteran Mark Tritton was tapped by Bed Bath & Beyond to lead its turnaround plan, many expected he would deploy some of the strategies that were successful at the big-box retailer. Now, nearly a year after his arrival, Tritton is meeting with investors at 9 a.m. ET Wednesday to lay out a
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. Lindsey Wasson | Reuters Boeing is set to report its third-quarter results before the market opens Wednesday, which analysts expect to detail further losses as the coronavirus pandemic hurts aircraft demand. Here’s what Wall
Satya Nadella, CEO of Microsoft, is pictured at Microsoft’s annual shareholder meeting in Bellevue, Washington on November 30, 2016. Jason Redmond | AFP | Getty Images Microsoft will announce its fiscal first-quarter earnings after market close on Tuesday. Here are the numbers to watch: Earnings: $1.54 per share, adjusted, as expected by analysts, according to
Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019. Brendan McDermid | Reuters Restaurant Brands International on Tuesday reported that its quarterly revenue fell 8% as Burger King and Tim Hortons sales struggled to bounce back from the coronavirus
Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange during the company’s initial public offering on Thursday, March 2, 2017. Michael Nagle | Bloomberg | Getty Images Snap‘s stock price soared more than 22% after hours on Tuesday as the company posted an unexpected,
In this screengrab, Evan Spiegel, CEO of Snap, Inc., takes the stage at the virtual Snap Partner Summit 2020. Getty Images Snap said it’s seeing positive momentum in the ad market, including in the brand advertising segment that struggled in the early days of the the coronavirus pandemic. The company also said that Q3 results were
A passenger aircraft of American Airlines. Silas Stein | picture alliance via Getty Images American Airlines on Thursday posted another big quarterly loss as the coronavirus pandemic hurt summer travel demand, but the carrier trimmed its cash burn. Revenue dropped 73% in the three months ended Sept. 30 to $3.17 billion from $11.9 billion a
A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday posted its biggest loss ever after the coronavirus pandemic hurt the summer travel season, but the airline cut its cash burn. Shares rose 4.3% in afternoon trading. Later, American Airlines reported a $2.4 billion third-quarter
Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images Intel shares fell 10% in extended trading on Thursday after the company reported fiscal third-quarter earnings that were stronger than analysts
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola is expected to report its third-quarter results on Thursday before the
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters Elon Musk’s electric car and renewable energy company, Tesla, reports third-quarter results after the bell on Wednesday. Here’s what Wall Street analysts are expecting, per an average of analyst estimates compiled by Refinitiv: Earnings
Indian commuters travelling past large billboards in Mumbai for ‘Sacred Games’, Netflix’s first original Indian series. The streaming giant is locked in a battle with Amazon Prime for a slice of India’s fast growing on-demand video market. INDRANIL MUKHERJEE | AFP | Getty Images Netflix subscribers in the Asia-Pacific (APAC) region were the largest contributor
(L-R) Reed Hastings and Ted Sarandos attend the “Marseille” Netflix TV Serie World Premiere At Palais Du Pharo In Marseille, on May 4, 2016 in Marseille, France. Stephane Cardinale | Corbis | Getty Images Netflix is set to report earnings for its third quarter of 2020 after the bell on Tuesday. Here are the key
Would you talk differently if you knew a machine was listening to you and grading you based on what you were saying, or based on whether you were using positive or negative words, or even if the sound of your voice was optimistic or pessimistic? Apparently, Wall Street executives are talking differently. They are trying to
Wired senior staff writer Cade Metz and Arvind Krishna, then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images Shares of IBM fell slightly in extended trading on Monday after the company released third-quarter earnings
Alex Gorsky, Chairman and CEO of Johnson & Johnson, rings the opening bell to celebrate the 75th anniversary of his company’s listing at the New York Stock Exchange, September 17, 2019. Brendan McDermid | Reuters Johnson & Johnson on Tuesday reported third-quarter earnings and revenue that beat Wall Street’s expectations, led by higher sales in
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report third-quarter earnings before the opening bell Monday. The firm generated $20.45 billion in revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Here’s what Wall Street expected: Earnings: 49 cents a share, 12% lower than the
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.28 a share, less than 1% higher than a year earlier, according to Refinitiv. Revenue: $10.64 billion, 6% higher than a year earlierWealth management: $4.45 billion, according to
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv. Revenue: $9.46 billion,
A person wears a protective face mask next to Wells Fargo ATMs in Harlem as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 25, 2020 in New York City. Noam Galai | Getty Images Wells Fargo reported on Wednesday disappointing earnings for the third quarter
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects:Earnings: $2.23 per share, a 17% decline from a
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. Elijah Nouvelage | Reuters Delta Air Lines booked a $5.4 billion net loss for the third quarter after the coronavirus pandemic roiled what is usually the
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