Markets

Sonos jumps 21% as strong pandemic sales prompt earnings beat

Shares of Sonos jumped as much as 21% on Thursday after its revenue easily beat expectations. The company saw adjusted earnings-per-share of $US1.17 in the fiscal first quarter, beating the consensus analyst estimate of $US0.98. Sonos also lifted its full-year 2021 revenue forecast. Sign up here for our daily newsletter, […]
Sonos jumps 21% as strong pandemic sales prompt earnings beat
Markets

Coty drops 19% as quarterly revenue misses Wall Street expectations

Coty stock fell as much as 19% on Tuesday after reporting second-quarter earnings. Second-quarter revenue of $US1.42 billion missed Wall Street’s estimate of $US1.43 billion. Adjusted earnings of $US0.17 per share were better than analysts had expected. Visit the Business section of Insider for more stories. Coty dropped by as […]
Coty drops 19% as quarterly revenue misses Wall Street expectations
Markets

Investors were disappointed by mega-cap tech guidance last week — but UBS says investors should stay invested and focus on 3 key areas

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, […]
Investors were disappointed by mega-cap tech guidance last week — but UBS says investors should stay invested and focus on 3 key areas
Markets

‘Gearing up for a big 4Q with fulfillment and COVID investment’: Here’s what 4 Wall Street analysts had to say about Amazon’s 3rd-quarter earnings report

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 […]
‘Gearing up for a big 4Q with fulfillment and COVID investment’: Here’s what 4 Wall Street analysts had to say about Amazon’s 3rd-quarter earnings report
Markets

‘Participating in the digital ad recovery’: Here’s what 5 Wall Street analysts had to say about Alphabet’s 3rd-quarter earnings report

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 […]
‘Participating in the digital ad recovery’: Here’s what 5 Wall Street analysts had to say about Alphabet’s 3rd-quarter earnings report
Markets

US stocks tumble amid mega-cap tech growth concerns after earnings

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 […]
US stocks tumble amid mega-cap tech growth concerns after earnings
Markets

Google parent Alphabet surges 8% after massive 3rd quarter earnings beat driven by recovery in advertising spend

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% […]
Google parent Alphabet surges 8% after massive 3rd quarter earnings beat driven by recovery in advertising spend