FUBO shares are up over 20% on Tuesday after the company raised preliminary revenue and subscriber guidance. Analysts at Needham raised their price target for FUBO to $US60/share, citing the potential for a new sports gambling revenue stream within 12 months. Over 80 million shares of FUBO were released from […]
Uber’s stock price surged as much as 8% on Friday following its third-quarter results. The company revealed a mixed recovery, with delivery continuing to help make up for a pandemic-induced slump. Executives said they still aim to be profitable on an adjusted basis next year. Prop. 22, which passed in […]
Corporate earnings are coming in much better than expected, according to new data from FactSet. With 64% of S&P 500 companies having reported third quarter earnings as of Friday, a record 86% of them beat EPS estimates, FactSet said But despite largely better-than-feared results, earnings are still down 9.8% year-over-year […]
Technology investors were tested on Friday after strong earnings reports from mega-cap earnings like Amazon, Facebook, and Apple were still followed by sharp declines in share prices. Traders elected to focus on tepid profit-growth outlooks, rather than the past quarter’s better-than-expected results. Despite the negative earnings reaction in Friday trades, […]
US stocks sold off on Friday after mega-cap tech earnings results didn’t satisfy investor demand for future growth. Alphabet, Amazon, Apple, and Facebook reported quarterly earnings on Thursday that mostly beat estimates, but tepid and uncertain growth outlooks sent technology stocks tumbling. On top of that, the US hit an […]
Amazon posted a strong third-quarter earnings beat on Thursday, but its stock suffered in Friday trades on a tepid fourth-quarter outlook. Amazon CEO Jeff Bezos said customers are shopping early for their holiday gifts, “which is just one of the signs that this is going to be an unprecedented holiday […]
Alphabet’s 3rd-quarter earnings report easily cruised by analyst estimates as a recovery in digital advertising materialised following a week second quarter. A surge in advertising for Google’s Search and Youtube properties helped propel shares higher by as much as 8% in Friday trades. Here’s what five analysts had to say […]
US stocks tumbled on Friday after mega-cap tech earnings results didn’t satisfy investor demand for future growth. Alphabet, Amazon, Apple, and Facebook reported 3rd-quarter earnings that mostly beat estimates. The US recorded an all-time high in daily COVID-19 cases on Thursday, with more than 90,000 cases. Watch major indexes update […]
Google parent Alphabet surged in Friday trades after it reported third quarter earnings that crushed analyst estimates. The earnings beat was driven by a strong recovery in online advertising spend at Google’s Search and Youtube properties. Alphabet’s fastest growing segment, Google Cloud, generated revenue of $US3.44 billion, representing a 44% […]
Facebook on Thursday reported $US21.5 billion in revenue for Q3 2020, up 22% year-on-year, and beating Wall Street’s expectations of $US19.8 billion. The social media giant, which also owns Instagram and WhatsApp, said its daily active user base grew to 1.82 billion, up 12% year-on-year, versus 1.78 billion expected by […]
Alphabet is set to release its third quarter earnings after the bell on Thursday, and investors will have their eyes set on both its online advertising business and continued growth in its Google Cloud division. A recovery in Google’s online advertising business would be welcomed after it suffered a hit […]
Pinterest soared 34% on Thursday after it reported better-than-expected third quarter earnings that topped revenue and income estimates. The social media company experienced a surge in monthly active users as more people discovered the image-sharing service amid the COVID-19 pandemic. Pinterest expects its growth to accelerate further in the fourth […]
Amazon is set to report its third quarter earnings after the bell on Thursday, but all eyes will be on guidance. The third quarter is expected to be one filled with COVID-19 related safety investments and expansion of its fulfillment capacity, which could put a dent into profits. But fourth […]
Apple is set to report fiscal fourth-quarter results on Thursday, cluing investors in on how the company performed just before its latest iPhone event. The quarter that ended in September saw Apple introduce new services and update its watch and iPad lineups. The reveal of its first 5G-capable iPhone lineup […]
Technology stocks cratered on Wednesday, leading the market lower amid an ongoing congressional hearing with the CEOs of Twitter, Facebook, and Alphabet regarding Section 230. The Senate hearing was contentious as Republican Senators like Ted Cruz laid into Twitter CEO Jack Dorsey for its handling of the NY Post Hunter […]
Tupperware Brands is in full turnaround mode, and its 2,500% rally from its mid-March low continued on Wednesday after it reported third quarter earnings. Tupperware jumped as much as 41% on Wednesday following stronger-than-expected third quarter earnings that topped analyst estimates. The food storage company experienced a 14% surge in […]
An unusual trend has emerged in the current earnings season that hasn’t been seen since the early-2000s tech bubble,Bank of America said in a Monday note. Companies that beat both profit and revenue estimates are underperforming the most in history, while those missing expectations are outperforming the most in history, […]