Earnings forecast

Airbnb stock fell sharply despite outperforming earnings, and plans to buy back $2 billion in stock

Airbnb said Tuesday that it made a second-quarter profit as a public company, and that it’s so confident in its business that it’s buying back $2 billion of its stock. “Our results for the second quarter show that Airbnb has achieved broad-based growth and profitability,” CEO Brian Chesky said during prepared remarks on the company’s …

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AMD stock falls as revenue forecast falls below street consensus

Shares of Advanced Micro Devices Inc. In the extended session on Tuesday after the chipmaker’s revenue forecast fell below the Wall Street consensus after posting record sales, beating street expectations and reporting a spike in data center sales. ‚ÄúTaking a step back, while there has been a bit more slickness in the PC market in …

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AMD stock falls as revenue forecast falls below street consensus

Shares of Advanced Micro Devices Inc. In the extended session on Tuesday after the chipmaker’s revenue forecast fell below the Wall Street consensus after posting record sales, beating street expectations and reporting a spike in data center sales. AMD AMD, + 2.59% It reported second-quarter net income of $447 million, or 27 cents a share, …

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Intel’s Wall Street earnings slammed: ‘Such a disconnect between the company’s optimism and current reality’

Intel Corp. came under fire from analysts after the company reported disappointing results on several fronts, pointing to a storm of macroeconomic, competitiveness and operational challenges. The chip company slashed expectations for revenue, profit and gross margins in its report late Thursday, and executives released forecasts for the current quarter that came in short of …

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Tilray expected to incur a quarterly loss with market share losses in Canada and headwinds in the FX market

Tilray is not expected to report a profit in the fourth quarter of the fiscal year when it presents its latest results on Thursday, but analysts at least held firm about their projected loss to the cannabis company. Wall Street Analysts Who Follow Tilray TLRY, -3.55% TLRY, -4.13% We expect the company to lose 8 …

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Texas Instruments shares rise on earnings and expectations beat

Texas Instruments Inc. shares rose. In the extended session on Tuesday after the chip maker reported big profits for the quarter and expectations were higher than Wall Street estimates. Texas Instruments TXN, + 6.65% Shares were up 4% in after-hours trading, after falling 1.5% in the regular session to close at $160.84. In the second …

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Apple has been concerned about iPhone supply, but this could swing by demand

Throughout the pandemic, Apple Inc.’s biggest challenge has been. It is maintaining an adequate supply of its devices, but with the company heading towards launching a new iPhone, could the equation be reversed? Apple AAPL, -0.88% Benefiting from elastic demand in the first two years of the COVID-19 crisis, as governments poured in stimulus money …

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Microsoft earnings: expectations are what matters, so be patient

The most important financial news to be presented by Microsoft Corp executives on Tuesday requires a bit of waiting. Microsoft MSFT, -0.59% Financial results for the fourth quarter of the fiscal year are due after the bell, to conclude another record year for earnings and revenue, with annual earnings expected to increase approximately 20%, and …

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Verizon stock falls after earnings as company cuts expectations

Verizon Communications Inc. The second major wireless carrier in the United States disappointed about its earnings this week, as the company cut its full-year financial forecast on Friday. Shares are down nearly 5% in pre-market trading. The company achieved net income in the second quarter of $5.32 billion, or $1.24 per share, compared to $5.94 …

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Analyst says AT&T earnings were ‘really good’ despite share sale

AT&T shares fell sharply Thursday after the telecom giant cut its free cash flow forecast for the year, but one analyst said the latest report wasn’t all bad. In fact, analyst Walt Pickick at LightShed Partners called his research note: “AT&T’s Q2 was really good. Here’s why.” Admittedly, AT&T’s T, -7.62% The management team did …

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