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Amazon AWS third-quarter profits rise despite Gen AI boom


Amazon AWS third-quarter profits rise despite Gen AI boom

Amazon's quarterly financial results beat analysts' expectations on Thursday, driven by strong revenue growth and record operating income in the company's $110 billion cloud computing business, sending shares up as much as 6% in after-hours trading led. In the quarter, Amazon generated earnings per share of $1.43 on total revenue of $158.9 billion, beating average […]

AMZN, AAPL, INTC and more


AMZN, AAPL, INTC and more

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 […]

Stock market today: live updates


Stock market today: live updates

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 […]

Meta shows strong growth as AI spending increases


Meta shows strong growth as AI spending increases

Text size ADDS analyst Facebook owner Meta saw net profit and revenue beat expectations on Wednesday as the company said it would expand its investment in artificial intelligence. The social media giant, which is also the parent company of Instagram and WhatsApp, said its net profit was $15.7 billion in the third quarter – up […]

Starbucks (SBUX) Q4 2024 Earnings


Starbucks (SBUX) Q4 2024 Earnings

Brian Niccol speaks on CNBC's “Squawk Box” on October 30, 2018. Anjali Sundaram | CNBC Starbucks reported quarterly earnings and sales on Wednesday that fell short of analysts' expectations as sales disappointed in the U.S. and China, its two largest markets. The company had previously released a preliminary report on its quarterly results on October […]

Carvana (CVNA) Q3 2024 results


Carvana (CVNA) Q3 2024 results

A Carvana sign and a Signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana On Wednesday, the company raised its 2024 profit forecast after the online used car retailer significantly beat Wall Street's expectations for the third quarter. Here's how the company performed in the third quarter compared to LSEG's average estimates: Earnings […]

Meta stocks fall due to above-average third-quarter earnings and lack of user growth


Meta stocks fall due to above-average third-quarter earnings and lack of user growth

Topline Shares of Meta Platforms fell more than 3% as the company reported earnings and revenue that beat Wall Street expectations on Wednesday. Meta logo at headquarters in Menlo Park, California. (Photo by Kelly Sullivan/Getty Images for … (+) Facebook) Getty Images for Facebook Important facts According to FactSet, Meta reported third-quarter 2024 earnings per […]

Reddit (RDDT) Q3 2024 Earnings Reports


Reddit (RDDT) Q3 2024 Earnings Reports

Steve Huffman, CEO of Reddit, stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor that raised the stock price to 47 during its initial public offering (IPO) on March 21, 2024 in New York City US dollar has been set. Spencer Platt | Getty Images Reddit […]

AMD Q3 2024 Earnings Report


AMD Q3 2024 Earnings Report

AMD CEO Lisa Su delivers the opening speech at the COMPUTEX Forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Advanced micro devices (AMD) reported third-quarter results on Tuesday, with profits in line with forecasts and sales slightly above expectations. Here's how the company performed compared to LSEG estimates for the quarter ended […]

PayPal (PYPL) Q3 2024 Earnings


PayPal (PYPL) Q3 2024 Earnings

A PayPal sign is seen at its headquarters in San Jose, California, on January 30, 2024. Justin Sullivan | Getty Images News | Getty Images PayPal reported better-than-expected third-quarter results on Tuesday, but revenue fell slightly short of expectations. Shares traded more than 6% lower premarket. Here's how the company performed compared to Wall Street […]