Earnings

We’re raising our Alphabet price target after earnings that shouldn’t have dinged the stock

by
We’re raising our Alphabet price target after earnings that shouldn’t have dinged the stock

Alphabet delivered better-than-expected fourth-quarter sales and earnings after the closing bell Tuesday. While there was some weakness in the key advertising parts of Google’s business, there was also a lot to like, despite the stock decline. Total revenue rose 13.5% year-over-year to $86.31 billion, outpacing the $85.33 billion expected, according to estimates compiled by LSEG. … Read more

Tech earnings not good enough for Wall Street

by
Tech earnings not good enough for Wall Street

A trader works on the floor of the New York Stock Exchange Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You … Read more

Samsung Electronics Q4 2023 earnings report

by
Samsung Electronics Q4 2023 earnings report

Samsung logo displayed on a phone screen with a binary code reflected on it, a laptop keyboard, a memory card, an adaper and cables are seen in this illustration photo taken in Krakow, Poland on January 30, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki | Nurphoto | Getty Images Samsung Electronics on … Read more

AMD earnings report Q4 2023

by
AMD earnings report Q4 2023

Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019.  Steve Marcus | Reuters AMD reported fourth-quarter earnings on Tuesday that were in line with analyst expectations, while the company’s revenue beat estimates, but AMD offered … Read more

Starbucks (SBUX) Q1 2024 earnings

by
Starbucks (SBUX) Q1 2024 earnings

MIAMI, FLORIDA – JUNE 11: A Starbucks coffee cup sits on a table as the company reported supply shortages at some coffee shops on June 11, 2021 in Miami, Florida. The coffee chain said it had supply shortages for some items due to problems in the supply chain. (Photo by Joe Raedle/Getty Images) Joe Raedle … Read more

Microsoft (MSFT) Q2 earnings report 2024

by
Microsoft (MSFT) Q2 earnings report 2024

Microsoft CEO Satya Nadella, left, departs from federal court in Washington, D.C., on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft will report fiscal second-quarter earnings after the market close on Tuesday. Here’s what analysts polled by LSEG, formerly known as Refinitiv, are expecting: Earnings: $2.78 per share Revenue: $61.12 billion Analysts … Read more

Alphabet (GOOGL) Q4 earnings report 2023

by
Alphabet (GOOGL) Q4 earnings report 2023

Alphabet CEO Sundar Pichai walks to lunch at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 12, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet is scheduled to report fourth-quarter earnings Tuesday after the market closes. Here’s what analysts are expecting: Earnings: $1.59 per share, adjusted, according … Read more

World’s largest sovereign wealth fund posts record $213 billion profit

by
World’s largest sovereign wealth fund posts record 3 billion profit

The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, one … Read more

UPS announces 12,000 job cuts; reports drop in package volume

by
UPS announces 12,000 job cuts; reports drop in package volume

A United Parcel Service truck searches for a house driving along the coast of Cape Cod on July 24, 2023 in Orleans, Massachusetts.  Robert Nickelsberg | Getty Images UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and domestically, in its fourth-quarter earnings report. The company also announced … Read more

Pfizer (PFE) Q4 earnings report 2023

by
Pfizer (PFE) Q4 earnings report 2023

Pfizer on Tuesday posted a surprise adjusted fourth-quarter profit, as the company’s declining Covid business performed better than expected. The company reversed roughly $3.5 billion in revenue related to the expected return of 6.5 million doses of its Covid drug, Paxlovid, from the U.S. government. That hit is less than the $4.2 billion Pfizer initially expected … Read more