Business News - Donnecommebernard

AMZN, AAPL, INTC and more

October 31, 2024 | angela | Leave a Comment

Check out the companies making headlines in extended trading. Amazon – The e-commerce giant rose 4.7% after beating earnings expectations in both divisions in the third quarter. Amazon reported earnings per share of $1.43 on revenue of $158.88 billion, while analysts surveyed by LSEG expected $1.14 billion and $157.2 billion, respectively. The company said both […]

The meta drop gives a false picture of returns. We are increasing our price target

October 31, 2024 | angela | Leave a Comment

Don't let the after-hours market action fool you, Meta Platforms delivered a really strong third quarter and a current quarter revenue report that was above expectations. Revenue rose nearly 19% year-on-year to $40.59 billion in the three months ended Sept. 30, beating expectations of $40.29 billion, according to analyst estimates compiled by LSEG. Third-quarter earnings […]

Apple (AAPL) Q4 2024 Earnings Report

October 31, 2024 | angela | Leave a Comment

Apple CEO Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, USA, on September 9, 2024. Manuel Orbegozo | Reuters Apple's fiscal fourth-quarter results beat Wall Street's expectations for revenue and earnings per share, but net income slumped after the company paid a one-time charge […]

Amazon's advertising business grew 19% in the third quarter

October 31, 2024 | angela | Leave a Comment

Dominika Zarzycka | Photo only | Getty Images Amazon's Its online advertising business posted third-quarter revenue of $14.3 billion, up 19% year over year, in line with analyst estimates of $14.3 billion. The Seattle tech giant announced the financial results of its growing advertising unit on Thursday as part of its latest earnings report. Amazon's […]

Intel (INTC) Q3 2024 Earnings Report

October 31, 2024 | angela | Leave a Comment

Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Intel Shares rose 12% in extended trading on Thursday after the chipmaker reported better-than-expected sales and issued quarterly guidance that beat expectations. Here's how the company […]

How Halloween, Thanksgiving and Christmas risks affect home insurance

October 31, 2024 | angela | Leave a Comment

Solstock | E+ | Getty Images Halloween trick-or-treating and jack-o-lanterns can be downright spooky – for your home insurance. According to Travelers Insurance, there is a 14% increase in home insurance claims on Halloween compared to other days of the year. On-site theft claims increase by 46%. Trips or falls, theft, fire and accidents involving […]

Amazon (AMZN) Q3 2024 Earnings Report

October 31, 2024 | angela | Leave a Comment

Amazon will report third-quarter results after the market closes on Thursday. Here's what analysts expect: Earnings: LSEG expects $1.14 per share Revenue: LSEG expects $157.2 billion Amazon Web Services: According to StreetAccount, $27.5 billion Advertising: According to StreetAccount, $14.3 billion The company warned in its most recent earnings report that third-quarter sales could take a […]

Uber (UBER) Q3 2024 results

October 31, 2024 | angela | Leave a Comment

Above reported third-quarter results on Thursday that beat Wall Street's revenue expectations but missed analysts' forecasts for gross bookings. The company's shares fell more than 7% on Thursday morning. This is how the company did it: Earnings per share: $1.20 versus LSEG's expected 41 cents. Revenue: $11.19 billion versus LSEG's expected $10.98 billion Uber's third-quarter […]

Stock market today: live updates

October 31, 2024 | angela | Leave a Comment

Traders react after the closing bell on the floor of the New York Stock Exchange on March 20, 2024. Brendan Mcdermid | Reuters Stocks fell on Thursday as Wall Street digested discouraging quarterly reports from megacap technology companies and awaited further results. The S&P 500 fell 1.1%, while the Nasdaq Composite lost 1.7%. Both indexes […]

Super Micro's $50 billion stock collapse highlights the danger of AI hype

October 31, 2024 | angela | Leave a Comment

Super Micro's billion stock collapse highlights the danger of AI hype

The headquarters of Super Micro Computer Inc. in San Jose, California, USA, on Tuesday, January 5, 2021. Bloomberg | Bloomberg | Getty Images In March, Super microcomputer was added to the S&P 500 after an epic rise that boosted the stock by more than 2,000% in two years, eclipsing it Nvidia's Profits. As it turned […]