In this article AMZN Amazon logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Amazon‘s ads business grew at an astonishing pace in the first quarter. Amazon’s “Other” unit, which is primarily made up of advertising but also includes sales related to other service offerings, grew revenue 77%
Earnings
In this article TWTR Twitter’s stock was down more than 11% in after-hours trading on Thursday after the company released its first-quarter earnings, missing on user growth expectations and providing lower revenue guidance for the second quarter than expected. Here’s what Twitter reported versus Wall Street’s estimates: Earnings: 16 cents per share, adjusted, vs. 14 cents
In this article XOM .CRBQX CVX Exxon Mobil returned to profitability during the first quarter, beating top- and bottom-line estimates for the period, as the company recovers from the havoc wreaked on the energy sector by the coronavirus pandemic. The oil giant earned $2.7 billion during the period. The company posted earnings per share of
In this article GOOGL MSFT AMZN AAPL FB L-R: Mark Zuckerberg, CEO of Facebook, Satya Nadella, CEO of Microsoft, and Sundar Picahi, CEO of Google. Reuters | Getty Images The tech industry is really two industries. There are the five giants, which operate at an almost unimaginable scale, and then there’s everybody else. Alphabet, Amazon,
In this article QSR-CA Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019. Brendan McDermid | Reuters Restaurant Brands International on Friday reported quarterly earnings that topped Wall Street’s expectations as its systemwide sales surpassed 2019 levels. Shares of the company
In this article F Getty Images DETROIT – Ford Motor easily beat Wall Street’s expectations for the first quarter despite an ongoing global semiconductor chip shortage causing low inventories and factory closures. So why are shares of the automaker down by as much as 10.4% during intraday trading Thursday? The negative reaction by investors is
In this article AMZN Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Amazon is set to report first quarter earnings after the bell Thursday. Here’s what analysts are expecting: Earnings: $9.54 per share, according to Refinitiv Revenue: $104.47 billion, according to Refinitiv Few companies have benefited from the pandemic-fueled surge of online shopping as
In this article CMCSA NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast reported first-quarter results before-the-bell on Thursday that beat analyst estimates on both the top and bottom lines. Shares were up more than 2.5% in the premarket. Here are the key numbers: Earnings per
Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor is expected Wednesday to report a profit for the first quarter despite an ongoing semiconductor chip shortage that has
In this article BA A Boeing 737 MAX jet lands following a Federal Aviation Administration (FAA) test flight at Boeing Field in Seattle, Washington on June 29, 2020. Jason Redmond | AFP | Getty Images Boeing is set to report first-quarter results before the bell on Wednesday as investors look for clues about the pace
In this article GOOGL Sundar Pichai, chief executive officer of Google Inc. Bloomberg | Getty Images Alphabet reported on Tuesday its first-quarter results. Here’s how Google’s parent company fared in the quarter relative to what Wall Street analysts polled by Refinitiv expected: Earnings: $26.29 per share vs. $15.82 per share expected Revenue: $55.31 billion vs. $51.70
In this article MSFT Microsoft shares moved 3% lower in extended trading Tuesday after the software maker announced fiscal third-quarter earnings and quarterly revenue guidance that came in stronger than analysts had expected. The company’s operating margin narrowed somewhat as cloud became a larger part of its business. Here’s how the company did: Earnings: $1.95
In this article CROX Crocs store in New York City. Michael Brochstein | SOPA Images | LightRocket | Getty Images Crocs shares shot up more than 8% Tuesday after the shoe maker increased its revenue outlook for the full year and reported record first-quarter sales. CEO Andrew Rees said demand for the Crocs brand is
In this article TSLA Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by
In this article MAT Mattel Inc. Barbie brand dolls are displayed for sale at a Walmart Inc. store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. A PWC survey shows that 36% of consumers surveyed plan to shop on Black Friday. Deals will ultimately dictate where spending and visits go. Bloomberg | Bloomberg |
In this article INTC Pat Gelsinger, CEO of Intel, speaks in Santa Monica, Calif., on March 9, 2017, in a photo taken when he was CEO of VMware. Patrick T. Fallon | Bloomberg | Getty Images Intel sales were essentially flat and profit dropped in the first quarter of 2021 in CEO Pat Gelsinger’s first
In this article SNAP A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City. Lucas Jackson | Reuters Snap’s stock rose as much as 6% in after-hours trading on Thursday after
A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday said leisure travel bookings continue to rise and that it expects to break even “or better” by June. The Dallas-based airline posted first-quarter net income of $116 million, compared with a $94 million loss a
In this article CMG A person wearing a protective mask and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is expected to report its first-quarter earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are
In this article PG .CRBQX Containers of Tide detergent on grocery store shelves in New York. Richard B. Levine | Corbis | Getty Images Procter & Gamble on Tuesday topped analysts’ estimates for quarterly earnings and revenue as consumers maintained pandemic buying trends like purchasing more cleaning supplies and started buying beauty products again. The
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