Block, formerly known as Square, reported better-than-expected earnings in its second-quarter report, with adjusted earnings per share of 93 cents, beating the expected 84 cents. The company's revenue was $6.16 billion, slightly below the expected $6.28 billion. Gross profit increased 20% to $2.23 billion, and net income rose 91% to $195.3 million.
FinanceBlock | Rating: 53 | 2024-08-01 08:49:38 PM |
DoorDash shares rose 13% in extended trading after the company reported second-quarter results that beat analysts' expectations. The company reported a loss per share of 38 cents, narrower than the expected loss of 9 cents. Revenue increased 23% to $2.63 billion, beating the expected $2.54 billion. The delivery service company narrowed its net loss to $157 million from $170 million a year earlier.
BusinessDoorDash | Rating: 53 | 2024-08-01 08:49:38 PM |
Amazon's cloud division, Amazon Web Services (AWS), reported a 19% revenue growth in the second quarter, exceeding analyst estimates of $26.02 billion with a revenue of $26.28 billion. The company's CEO, Andy Jassy, named Matt Garman as the new CEO of AWS, replacing Adam Selipsky. AWS is facing competition from Google, Microsoft, and Oracle as businesses shift workloads to the cloud and invest in artificial intelligence.
AIAWS | Rating: 62 | 2024-08-01 08:29:39 PM |
Snap Inc. shares fell over 20% in extended trading after the company reported guidance for the third quarter that trailed analyst estimates. The company's earnings were $0.02 a share adjusted, matching expectations. Revenue was $1.24 billion, slightly below the expected $1.25 billion. Global daily active users reached 432 million, exceeding the expected 431.1 million. Evan Spiegel, co-founder and CEO, led the company's report.
BusinessSnap | Rating: 51 | 2024-08-01 08:29:39 PM |
Amazon's online advertising business grew 20% year-over-year to $12.77 billion in the second quarter, missing analyst estimates of $13 billion. The company's overall sales were $147.98 billion, trailing analyst estimates of $148.56 billion. Amazon's online advertising unit is quickly growing and changing the digital advertising industry, dominated by Meta and Alphabet.
BusinessAmazon | Rating: 53 | 2024-08-01 08:29:38 PM |
Intel CEO Pat Gelsinger announced a $10 billion cost-reduction plan, which includes laying off over 15% of its employees. The company reported lighter results than expected, with earnings per share of 2 cents adjusted, compared to 10 cents expected. Revenue declined 1% year over year to $12.83 billion. Intel will not pay its dividend in the fiscal fourth quarter of 2024.
BusinessIntel | Rating: 53 | 2024-08-01 08:19:27 PM |
Crypto stocks Coinbase, MicroStrategy, Marathon Digital, and Riot Platforms fell by 5-7% on the first day of August, following disappointing economic data that raised concerns about a potential recession. The price of bitcoin dropped by 3.7% to $63,144.00, while ether fell 5% to $3,099.10. The data included a 1.7 percentage point decline in July manufacturing activity, higher-than-estimated first-time unemployment filings, and announced layoffs.
FinanceCoinbase | Rating: 48 | 2024-08-01 06:29:28 PM |
Apple is set to report its fiscal third-quarter earnings, with CEO Tim Cook attending the annual developer conference event at the company's headquarters in Cupertino, California. The quarter, which ends in June, is traditionally the company's slowest by sales. Analysts expect earnings per share of $1.35, revenue of $84.53 billion, and Q4 revenue guidance of $93.39 billion. The estimates also include iPhone revenue of $38.64 billion and Mac revenue of $7.04 billion.
TechApple | Rating: 53 | 2024-08-01 04:19:44 PM |
Amazon is set to report its second-quarter earnings after the close on Thursday, with analysts expecting earnings per share of $1.03 and revenue of $148.56 billion. The company's revenue growth is accelerating, driven by its emerging advertising business and demand for cloud services, with sales growth expected to reach 10.5% in the quarter. Amazon Web Services is expected to generate $26 billion in revenue, while advertising revenue is expected to reach $13 billion.
EconomyAmazon | Duplicated with: 1 | Rating: 53 | 2024-08-01 04:09:33 PM |
Meta shares jumped 6% after reporting second-quarter earnings that beat Wall Street's expectations. Revenue increased 22% to $39.07 billion, exceeding the expected $38.31 billion. Net income soared 73% to $13.47 billion, driven by cost-cutting initiatives. Meta expects revenue of $38.5 billion to $41 billion in the third quarter, topping the average analyst estimate.
AIMeta | Rating: 62 | 2024-08-01 03:29:27 PM |