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Tag: Third quarter earnings

The stock falls as the outlook for the fourth quarter is disappointing

Posted on | Posted on angela | Leave a Comment on The stock falls as the outlook for the fourth quarter is disappointing
The stock falls as the outlook for the fourth quarter is disappointing

AMD (AMD) reported its fiscal third-quarter results on Tuesday, meeting expectations for earnings per share and beating revenue. However, Wall Street wasn't particularly enthusiastic about the company's fourth-quarter revenue outlook, which is said to be between $7.2 billion and $7.8 billion. Wall Street was looking for $7.55 billion. The chipmaker's stock fell more than 5% […]

Alphabet stock rises as profit forecasts fall on strong cloud growth

Posted on | Posted on angela | Leave a Comment on Alphabet stock rises as profit forecasts fall on strong cloud growth
Alphabet stock rises as profit forecasts fall on strong cloud growth

Shares of Google parent Alphabet (GOOG, GOOGL) rose 6% in after-hours trading on Tuesday after the company reported fiscal third-quarter earnings that beat analysts' estimates for revenue and profit, reflecting strong growth in its cloud business. The search giant reported earnings per share of $2.12 on revenue of $88.27 billion for the quarter ended September […]