profits

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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PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat

After seeing its shares lose nearly two-thirds of their value in the past year, PayPal Holdings Inc delivered a profit-heavy report on Tuesday, announcing a new CFO, buy-back authorization program and cost savings, while also confirming that activists at Elliott Management Inc. Corp. a stake in the company. Additionally, the company beat expectations with its …

PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat Read More »

PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat

After seeing its shares lose nearly two-thirds of their value in the past year, PayPal Holdings Inc delivered a profit-heavy report on Tuesday, announcing a new CFO, buy-back authorization program and cost savings, while also confirming that activists at Elliott Management Inc. Corp. a stake in the company. Additionally, the company beat expectations with its …

PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat Read More »

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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JPMorgan, which has called for a summer rebound in stocks, says the rally could continue even if corporate profits fall

Investors worried about the next decline in stocks may want to pause and consider this: The decline in stock valuations since the start of the year has already exceeded the average decline for other recessions since the early 1990s, according to JPMorgan Chase & Co. The amount of shares Marko Kolanovic. While more Wall Street …

JPMorgan, which has called for a summer rebound in stocks, says the rally could continue even if corporate profits fall Read More »

Pinterest stock jumps more than 20% despite profit loss, as Elliott confirms stake and users remain

Pinterest Inc missed forecasts on earnings and directed lower revenue than analysts had expected in the current quarter, but shares continued to rally in after-hours trading as users paused in a quarter that prompted a sudden turnaround and attracted an active investor. pinterest pins, + 2.62% On Monday, it reported a second-quarter loss of $43.1 …

Pinterest stock jumps more than 20% despite profit loss, as Elliott confirms stake and users remain Read More »

Apple raised $5.5 billion in debt after upbeat earnings, iPhone sales offset fears of consumer downturn

Apple Inc. introduced , optimistic new quarterly results tied to strong iPhone sales, a four-part bond deal on Monday to raise new debt. The new deal from Apple AAPL, -0.62% The tech giant has raised $5.5 billion by issuing four series of bonds rated AAA from Moody’s Investors Service and AA+ from S&P Global, according …

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Opinion: Big Tech shows it’s good to be big, slowing growth leads to stock gains while smaller competitors find only pain

After charging double digit growth during the pandemic, results from the five biggest tech giants in the US this week showed a slowdown as they grapple with inflation, a looming recession and an overall slowing economy, but they were largely rewarded by Wall Street because they are the size It shows their strength. Over the …

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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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