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Tag: Meta Platforms Inc

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

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

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 […]

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

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

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 […]

Stock market today: live updates

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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 […]

Q3 2024 Meta Earnings Report

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Q3 2024 Meta Earnings Report

Meta CEO Mark Zuckerberg testifies during the Senate Judiciary Committee hearing titled “Big Tech and the Online Child Sexual Exploitation Crisis” on Wednesday, January 31, 2024, in the Dirksen Building. Tom Williams | CQ Roll Call, Inc. | Getty Images Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure spending […]

The decline in AMD's post-earnings numbers presents a buying opportunity. Here's why

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The decline in AMD's post-earnings numbers presents a buying opportunity. Here's why

Advanced Micro Devices reported solid third-quarter results on Tuesday, thanks to strong sales in the data center and PC markets. However, shares fell more than 7% in extended trading as investors sought faster growth in the AI ​​chip business. We think long-term here. LSEG said revenue rose 18% year-on-year to $6.82 billion in the three […]

Stock market today: live updates

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Stock market today: live updates

Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty Images The S&P 500 was flat on Tuesday as investors prepared for key corporate earnings releases, including reports from big-name technology companies. The broad market index hovered just above the flatline during […]