Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new yea...
Tag: Earnings Projections
Apple earnings may rely on an unlikely hero amid iPhone uncertainty
Apple Inc. was saved in its last earnings report by an unlikely hero, and the same dynamic may show up in the tech giant’s holiday earnings. Macs posted record revenue of $11.5 billion that was more t...
NXP Semiconductor stock falls as outlook comes up short of expectations
NXP Semiconductors NV shares dropped in the extended session Monday after the chip maker’s quarterly forecast fell short of Wall Street expectations. NXP NXPI, -1.13% forecast earnings of $2.82 to $3....
Demand for jobs drops off in January, headhunter Robert Half says
Robert Half International Inc.’s stock rallied Friday after fourth-quarter profit beat expectations, but the staffing-services company provided a mixed outlook for the current quarter as revenue from ...
AMD earnings face even more scrutiny after ‘astonishingly bad’ Intel outlook
Advanced Micro Devices Inc. gets to show Wall Street if it “certainly” ended 2022 in a better place, after the price of clearing inventory helped gut results from rival Intel Corp. AMD AMD, +0.32% is ...
American Express stock climbs after dividend boost, upbeat earnings forecast
American Express Co. exceeded $50 billion in annual revenue last year for the first time, buoyed by continued strong spending levels among its customer base. While the card giant came up short of prof...
Opinion: Intel just had its worst year since the dot-com bust, and it won’t get better anytime soon
Intel Corp. ended 2022 with its worst financial results since the dot-com bust more than 20 years ago, thanks to a double whammy of a downturn in both PCs and data centers that isn’t going to turn aro...
IBM posts biggest annual sales increase in more than a decade, announces layoffs
International Business Machines Corp. increased revenue more than 6% in 2022, the biggest sales increase for Big Blue in more than a decade, but its stock fell in extended trading Wednesday. Chief Exe...
EasyJet expects higher 2023 profit as booking strength continues
EasyJet PLC said Wednesday that it expects to beat fiscal 2023 market consensus for pretax profit after first-quarter revenue rose, and that booking strength continues across the second quarter and in...
AT&T earnings preview: What to expect
A day after Verizon Communications Inc. posted earnings, AT&T Inc. will share its perspective on the state of the wireless market. AT&T T started to curry more favor on Wall Street last year a...
Verizon’s stock falls after earnings outlook comes up short
Verizon Communications Inc. returned to positive subscriber growth in its consumer postpaid phone business for the fourth quarter, but shares of the wireless giant dipped in morning trading Tuesday af...
Verizon earnings preview: After stemming losses, can real momentum now build?
Verizon Communications Inc. already disclosed that it reversed its negative subscriber trends in the fourth quarter, but there’s more to be shared about the company’s story. The wireless giant is set ...
GE set to report final pre-breakup earnings
General Electric Co. is scheduled to report next week its final quarterly results before the start of its breakup, with the industrial conglomerate expected to report its highest profit since before t...
JPMorgan Reports Earnings Friday. Here’s What to Expect.
JPMorgan Chase will be one of the first big banks to report fourth-quarter 2022 financial results on Friday, and Wall Street expects a mixed bag. Revenue at the bank is forecast to swell to $34.5 bill...
Citigroup Reports Earnings Friday. Here’s What Wall Street Expects.
Citigroup is in the midst of a yearslong turnaround. On Friday, Wall Street will see how successful the bank’s efforts have been. Like most of its peers, Citigroup (ticker: C) is expected to post a dr...
Bank of America Posts Earnings Friday. What Wall Street Expects.
Higher interest rates are expected to drive up Bank of America ‘s fourth-quarter revenue, even as the bank is projected to see a drop in profits. Bank of America (ticker: BAC) is forecast to post reve...
Look for a big cut to TSMC’s 2023 outlook as a bullish sign for chips, one analyst says ahead of earnings
The best thing Taiwan Semiconductor Manufacturing Co. can do in its earnings report Thursday is to cut its outlook for 2023 big, indicating a bottoming in the first half of the year, according to one ...
AbbVie cuts earnings forecast due to milestone payments
AbbVie Inc. executives lowered their outlook for the quarter and year in a filing with the Securities and Exchange Commission late Friday, which cited research and development expenses and milestone p...
Looking for clues about iPhone supply? Ask AT&T, Verizon and T-Mobile
How have iPhone sales have fared in the wake of production constraints on high-end models? Wall Street likely won’t get a clear answer until Apple Inc. reports earnings later this month, but some publ...
20 big oil companies expected to be cash gushers in 2023 despite uncertainty
The energy sector of the S&P 500 has been the year’s best performer, yet oil stocks still appear to be inexpensive when compared with those in other industries. If you are interested in investing ...
Micron sales could dive more than 50%, and more belt-tightening is expected before outlook improves
Micron Technology Inc.’s revenue declines could worsen to more than 50% before inventory-saturated customers work though that product and boost sales in the second half of 2023, but before then the me...
Adobe Stock Rallies as Profits Top Expectations
Adobe shares gained ground after the provider of content development and marketing software tools posted better-than-expected quarterly profits. While the numbers for Adobe’s fiscal fourth quarter, en...
TUI reports narrowed net loss for fiscal 2022 as travel recovers.
TUI AG TUI, -9.21% on Wednesday reported a narrowed net loss for fiscal 2022, but missed full-year market expectations, and said that it expects higher revenue and underlying earnings for fiscal 2023....
Oracle’s ‘practically perfect’ earnings report sends stock higher
Oracle Corp.’s cloud offerings and its Cerner business were highlights of the software company’s second-quarter results, analysts say. Oracle ORCL, -0.89% beat Wall Street’s top- and bottom-line expec...
One company could determine if U.S. corporate profits rise to a record next year
As Wall Street looks toward 2023, earnings growth for the companies that make up the S&P 500 index could hinge on just one of them: Amazon.com Inc. Amazon AMZN, -1.39%, the online retail giant who...
SoFi’s banking moves are proving a ‘unique advantage,’ analyst says
SoFi Technologies Inc. continues to win praise for its banking efforts after the digital financial-services company gave an upbeat earnings forecast and touted the benefits of its banking charter for ...