Snap shares plunged 30% in extended trading on Monday after CEO Evan Spiegel warned in a note to employees that the company will miss its own targets for revenue and adjusted earnings in the current quarter. The social media company will also slow hiring through the end of the year […]
earnings
zorazhuang/iStock Unreleased via Getty Images Elevator Pitch I have a Buy investment rating assigned to Baidu, Inc.’s (NASDAQ:BIDU) shares. BIDU’s recent quarterly earnings indicate that the company is managing costs well and its AI (Artificial Intelligence) Cloud continues to achieve strong growth. Considering its current appealing valuations and the Wall […]
Shares of Kohl’s surged on Thursday after the company reported fiscal second-quarter earnings that beat expectations and raised its forecast for the year, as shoppers headed back to its stores. The stock rose 7.29% to close at $55.63. With the gains, Kohl’s shares are up 36.7% this year, putting the […]
Microsoft shares surged as much as 6% in extended trading on Tuesday after the software maker issued fiscal third-quarter earnings that exceeded analysts’ expectations and an optimistic outlook for the current quarter. Here’s how the company did: Earnings: $2.22 per share, adjusted, vs. $2.19 as expected by analysts, according to […]
IBM shares rose 3% in extended trading on Tuesday after the technology services company issued first-quarter results that beat expectations. Here’s how the company did: Earnings: $1.40 per share, adjusted, vs. $1.38 per share as expected by analysts, according to Refinitiv. Revenue: $14.2 billion, vs. $13.85 billion as expected by […]
In its own way, Apple may have found a financial solution to the supply chain crises dogging manufacturers worldwide. After the latest set of Apple quarterly numbers, Wall Street analysts running the numbers say it’s possible to see how Apple can deliver double-digit profit growth without needing its manufacturing-driven hardware […]