Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for first time and sales guidance quells fears
Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year and promised more share repurchases amid cost cuts. Meta META, +2.79% said it hauled in $32.17 billion in fourth-quarter revenue, down from $33.67 billion […]
Market Spotlight: Spotify Earnings in Focus Today
Spotify Earnings Up NextOn the back of two consecutive quarters of earnings declines, Spotify is in focus today. The company is due to report Q4 results with Wall Street looking for an adjusted loss per share of -$1.35 on revenues of $3.391 billion. Spotify suffered sharply over 2022, losing more than 60% of its share […]
Electronic Arts stock plunges more than 10% as mobile versions of popular games shelved amid cuts
Electronic Arts Inc.’s earnings and revenue from the prior year were previously incorrect. They have been updated. Electronic Arts Inc. shares plummeted more than 10% in after-hours trading Tuesday, after executives disclosed disappointing forecasts and announced they are delaying an anticipated title and killing off the mobile versions of two popular games, which is expected […]
Royal Dutch Shell PLC: Earnings Preview
Royal Dutch Shell PLC (SHEL.s), the UK/Dutch petrochemical-energy company founded in 1907 with a market capitalization of $210.48B, is expected to release its latest earnings report on Thursday 02 February. According to Zacks, Shell has risen 3.26% in the past month, underperforming its Oil-Energy sector and the US500 by 4.55% and 5.73% respectively. BPA Shell Fuente: Nasdaq […]
The Federal Reserve is likely to hike rates by a quarter point
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Evelyn Hockstein | ReutersThe Federal Reserve is expected to raise interest rates by just a quarter point but also likely […]
Apple: Entanglement in 100-Day SMA Before Earnings Release
Apple Inc，an American multinational technology company that specializes in the design, manufacture, and sale of smartphones (iPhone), personal computers (Mac), tablets (iPad), wearables and accessories (Apple Watch, AirPods, Apple Beats), TVs (Apple TV) and other varieties of related services (iCloud, digital content stores, streaming, licensing services), shall release its Q1 2023 earnings result on 2nd […]
Market Spotlight: Downside Risks for Exxon Into Today's Earnings?
Exxon in Focus All eyes are firmly on US earnings today with the world’s largest public energy firm, ExxonMobil, due to report Q4 results. On the back of a bumper +80% year for the stock, investors are looking for fresh reasons to hold Exxon through 2023. With that in mind, the focus for today’s earnings […]
UPS foresees ‘mild recession’ in 2023 and posts first revenue decline since the 2008 financial crisis
Shares of United Parcel Service Inc. rallied Tuesday, even after the package-delivery giant reported a surprise decline in fourth-quarter revenue, missing Wall Street expectations for the first time in 12 quarters, and warned of the first yearly decline in revenue in 14 years. Investors expressed relief, however, as UPS beat fourth-quarter profit expectations, raised its […]
Trading Mastercard Post Q4 Earnings
Credit card companies have gained a lot of attention over the past year as cross-border payment volumes soar and higher interest rates boost the bottom line. But fears of a recession, less consumer spending and a slowdown in international travel have been key concerns. Learn about the latest quarterly earnings report from Mastercard, what […]
EA earnings: What to expect
Electronic Arts Inc.’s upcoming earnings will show how spending on video games has held up in the current economic climate. The Tuesday afternoon report kicks off earnings season for the major publishers, with reports from Take-Two Interactive Software Inc. TTWO, -1.42% and Activision Blizzard Inc. ATVI, -0.85% to come next week. But EA EA, +0.09% […]