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Tag: Earnings

Nvidia (NVDA) earnings report Q1 2024

Nvidia (NVDA) earnings report Q1 2024

by AoCEgWtx4o
May 24, 2023
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Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei.Tyrone Siu | ReutersNvidia reported first-quarter earnings for its fiscal 2024 on Wednesday, with a stronger-than-expected forecast that drove shares up 19% in extended trading. Here's how the company did versus Refinitiv consensus estimates for the quarter ending in April:EPS: $1.09, adjusted, versus $0.92 expectedRevenue: $7.19 billion, versus $6.52 billion expectedNvidia said it expected about $11 billion, plus or minus 2% in revenue, in the current quarter, far surpassing Refinitiv expectations of $1.06 per share on $7.15 billion...

Recession has already arrived, judging by corporate America’s earnings

Recession has already arrived, judging by corporate America’s earnings

by AoCEgWtx4o
May 13, 2023
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As the US economy teeters on the brink of recession, Wall Street is already enduring what could turn out to be the most prolonged corporate profits downturn in seven years.  With the first-quarter earnings season drawing to a close, the profits of S&P 500 companies are estimated to have dropped 3.7% on average, compared to a year ago. While data compiled by Bloomberg Intelligence shows that 78% of firms surpassed forecasts, that’s less impressive than it sounds, given analysts had slashed their expectations before the season kicked off. More crucially, it was the second...

Southwest Airlines (LUV) earnings Q1 2023

Southwest Airlines (LUV) earnings Q1 2023

by AoCEgWtx4o
May 6, 2023
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A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada.Ethan Miller | Getty ImagesSouthwest Airlines lost $159 million in the first quarter as the financial impact of its holiday meltdown stretched well into 2023.The carrier canceled more than 16,000 flights in the final days of December when staffing software couldn't keep pace with scheduling changes during coast-to-coast storms. The incident resulted in a $325 million revenue impact for the first quarter, Southwest said.The company had...

Apple (AAPL) earnings report Q2 2023

Apple (AAPL) earnings report Q2 2023

by AoCEgWtx4o
May 4, 2023
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Apple reported second-fiscal quarter earnings on Thursday that beat Wall Street's soft expectations, driven by stronger-than-anticipated iPhones sales. Apple CEO Tim Cook told CNBC that the quarter was "better than we expected." However, Apple's overall sales fell for the second quarter in a row. The tech giant's shares rose nearly 2% in extended trading, and continued climbing when Apple gave forecast data points about the current quarter.Here's how the company did versus Wall Street expectations per Refinitiv consensus expectations: EPS: $1.52 per share vs. $1.43 expected Revenue: $94.84 billion vs. $92.96 billion expected Gross margin: 44.3% vs. 44.1% expected Apple...

Coinbase app downloads decline ahead of key earnings report

Coinbase app downloads decline ahead of key earnings report

by AoCEgWtx4o
May 3, 2023
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When Coinbase reports its Q1 earnings at market close on Thursday, the results will matter not just for its share price but the narrative surrounding the company and crypto in general. After a year of bad news and eye-popping losses, investors will be looking for signals that Coinbase can turn the corner. Unfortunately for Coinbase, one key indicator suggests the pain might not be over. According to Apptopia, a research firm that tracks metrics related to app usage, the number of people downloading the company’s app continues to decline even as crypto prices have...

Uber Q1 earnings report 2023

Uber Q1 earnings report 2023

by AoCEgWtx4o
May 2, 2023
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Shares of Uber popped 8% in premarket trading Tuesday after the company reported first-quarter results that beat analysts' expectations for revenue.Here's how the company did:Loss per share: 8 cent loss vs 9 cent loss expected by analysts, according to Refinitiv.Revenue: $8.82 billion vs. $8.72 billion expected by analysts, according to Refinitiv.related investing newsRevenue for the quarter was up 29% from the same quarter last year.Uber reported a net loss of $157 million, or 8 cents per share, compared to a net loss of $5.9 billion, or $3.03 per share, last year.In a prepared statement, CEO Dara Khosrowshahi...

AWS Q1 earnings report 2023

AWS Q1 earnings report 2023

by AoCEgWtx4o
April 29, 2023
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Amazon Web Services CEO Adam Selipsky speaks at the CERAWeek by S&P Global conference in Houston on March 7, 2023.F. Carter Smith | Bloomberg | Getty ImagesAmazon said Thursday that its cloud unit grew revenue by about 16% in the first quarter, a slightly more rapid pace than analysts had projected.Revenue from Amazon Web Services totaled $21.35 billion, representing almost 17% of Amazon's overall revenue, according to the company's earnings statement. Analysts surveyed by StreetAccount had expected $21.22 billion in AWS revenue. In the fourth quarter, AWS revenue grew 20%."AWS sales and support teams...

Snap Q1 earnings report 2023

Snap Q1 earnings report 2023

by AoCEgWtx4o
April 28, 2023
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Snap shares dropped as much as 20% after hours on Thursday as the company reported first-quarter results that missed analysts' expectations on revenue.Here's how the company did:Earnings per share: 1 cent, adjusted, vs. a loss of 1 cent expected, according to a Refinitiv survey of analystsRevenue: $989 million vs. $1.01 billion expected, according to RefinitivGlobal Daily Active Users (DAUs): 383 million versus 384 million expected, according to StreetAccountAverage revenue per user: $2.58 vs. $2.63 expected, according to StreetAccountAlthough the company didn't provide official guidance for the second quarter, it said in a letter to...

Amazon (AMZN) Q1 earnings report 2023

Amazon (AMZN) Q1 earnings report 2023

by AoCEgWtx4o
April 27, 2023
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Amazon on Thursday reported first-quarter revenue that topped analysts' estimates, bolstered by strength in its cloud and advertising businesses. Profits were stronger than expected, suggesting the company's recent cost-cutting measures are beginning to pay off. The stock fluctuated after hours.Here are the key numbers:Earnings: 31 cents per shareRevenue: $127.4 billion vs $124.5 billion expected, according to analysts surveyed by RefinitivHere's how other key Amazon segments did during the quarter:Amazon Web Services: $21.3 billion vs. $21.22 billion expected, according to StreetAccountAdvertising: $9.5 billion vs. $9.1 billion, according to StreetAccountIt is not immediately clear if the...

PepsiCo (PEP) Q1 earnings report 2023

PepsiCo (PEP) Q1 earnings report 2023

by AoCEgWtx4o
April 25, 2023
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Pepsi sodas displayed for purchase at a Walmart SuperCenter on December 06, 2022 in Austin, Texas.Brandon Bell | Getty ImagesPepsiCo on Tuesday boosted its outlook for the year as it posted earnings and revenue that beat expectations.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share: $1.50 adjusted vs. $1.39 expectedRevenue: $17.85 billion vs. $17.22 billion expectedFor the period ended March 25, PepsiCo reported net income of $1.93 billion, or $1.40 a share, compared with $4.26 billion, or $3.06 a share, in the year-earlier...