Meta reported better-than-expected results for the third quarter as revenue increased 23%, the fastest rate of growth since 2021. The stock initially rose in extended trading after the report, but then reversed course and fell more than 3% following cautionary comments from finance chief Susan Li about potential ad softness […]

Nvidia founder, President and CEO Jen-Hsun Huang Getty Images Nvidia shares climbed 6% in extended trading on Wednesday after the chipmaker beat estimates for its fiscal second quarter and issued optimistic guidance for the current period. Here’s how the company did in the quarter ending July 30: Earnings: $2.70 per […]

Alex Karp, CEO of Palantir Technologies, leaves a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 13, 2023. Kevin Dietsch | Getty Images Palantir reported a 13% increase in second-quarter revenue on Monday and issued a forecast for the current period that […]

Microsoft shares slipped as much as 4% in extended trading on Tuesday after the software maker issued quarterly revenue guidance that fell short of analysts’ expectations. Here’s how the company did: Earnings: $2.69 per share, vs. $2.55 per share as expected by Refinitiv. Revenue: $56.19 billion, vs. $55.47 billion as […]

Stocks closed higher on Thursday as investors await updates to the ongoing debt ceiling debate and quarterly results from Walmart (WMT) flashed resilience from the American consumer. The S&P 500 (^GSPC) rose 0.94%, while the Dow Jones Industrial Average (^DJI) added 115 points, or 0.34%. The technology-heavy Nasdaq Composite (^IXIC) […]

First quarter earnings season will ramp up this week with several big banks reporting results on Friday. And when this earnings period largely wraps up by Memorial Day, analysts expect one clear takeaway to emerge — corporate America is in an earnings recession. After earnings per share for S&P 500 […]

U.S. stocks rallied Thursday as investors digested the release of gross domestic product data and another round of corporate earnings. The S&P 500 (^GSPC) increased by 1.1%, while the Dow Jones Industrial Average (^DJI) added by 0.6%. The technology-heavy Nasdaq Composite (^IXIC) rose by roughly 1.8%, led by a more […]

U.S. stocks lost steam Tuesday after back-to-back days of gains as investors evaluated another round of quarterly financial results from companies. The S&P 500 (^GSPC) slipped 0.1%, while Dow Jones Industrial Average (^DJI) rose a modest 0.3%. The technology-heavy Nasdaq Composite (^IXIC), meanwhile, was off by roughly the same margin. […]

Microsoft issued a disappointing revenue forecast for the current quarter in its earnings call on Tuesday, causing a reverse in the stock price after the shares initially rallied on better-than-expected earnings for the December quarter. The technology company saw a dropoff in business at the end of 2022 in core […]

Chipotle (CMG) posted third quarter 2022 earnings results Tuesday after market close that slightly beat market expectations. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to Bloomberg consensus estimates: Revenue: $2.2 billion versus $2.24 billion expected Adj. earnings per share (EPS): $9.51 versus $9.23 expected Same-store […]

Microsoft shares fell about 7% in extended trading on Tuesday after the company reported softer cloud revenue than expected in its fiscal first quarter and gave weak quarterly guidance. Here’s how the company did: Earnings: $2.35 per share, vs. $2.30 per share as expected by analysts, according to Refinitiv. Revenue: […]

U.S. stocks closed another session of losses Thursday as third-quarter financial results from companies continued to barrel in against a backdrop of persisting growth concerns on Wall Street. The S&P 500 (^GSPC) fell 0.8%, while the Dow Jones Industrial Average (^DJI) shed around 90 points, or 0.3%. The technology-heavy Nasdaq […]