Friday, 30 October 2020

Big Tech earnings showed digital ad revenue came roaring back

Big Tech's third-quarter earnings showed that digital ad revenue came roaring back in recent months.

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Apple, Twitter, Facebook, Amazon stock down in premarket after earnings fail to wow Wall Street

Shares of Twitter, Facebook, Apple and Amazon sunk in premarket trading Friday.

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Exxon reports third straight quarter of losses with revenue down nearly 30%

Exxon's revenue fell nearly 30% during the third quarter as the coronavirus pandemic continues to hammer the oil giant.

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Chevron revenue plummets more than 30% in the third quarter as Covid slams demand

Chevron's aggressive cost-cutting measures helped boost results as the pandemic hammers the oil giant.

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Under Armour shares jump after its footwear sales help drive earnings beat

Chief Executive Patrik Frisk cited higher demand for the athletic apparel maker's products during the coronavirus pandemic, especially in North America.

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Thursday, 29 October 2020

Twitter shares sink despite earnings beat amid slowing user growth and ad uncertainty

Twitter's earnings report comes one day after CEO Jack Dorsey testified in front of the Senate Commerce Committee.

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Apple is set to report earnings after the bell

Apple's earnings will show how the iPhone maker is fairing ahead of a wave of iPhone 12 sales.

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Amazon set to report third-quarter earnings after the bell. Here's what to expect

The company is expected to share more details on Prime Day and continued investments in its fulfillment network.

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Facebook is set to report Q3 earnings after the bell

Facebook is set to report its third-quarter earnings on Thursday.

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Here's what to expect when Alphabet reports earnings after the bell

The Google parent company will show whether there's been any rebound in its core advertising revenue, which was hit hard by the Covid-19 pandemic.

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Here's what to expect from Starbucks earnings

Shares of Starbucks, which has a market value of $103 billion, are about flat so far this year.

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Pinterest shares are soaring — up 34% — after delivering a monster quarter

Pinterest's boost from a rebound in advertising likely signals positive things for its tech peers that also have major advertising businesses.

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Halfway through earnings season, the coronavirus resurgence is overshadowing great results

We are now halfway through a spectacular third quarter earnings season, but the market has shrugged.

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Yum Brands quarterly revenue rises 8%, fueled by higher Taco Bell demand

Yum Brands reported that quarterly revenue rose 8%, fueled by Taco Bell's return to positive same-store sales growth.

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Tapestry shares up after Coach owner's sales fall less than expected, boosted by China, e-commerce

Coach owner Tapestry reported Thursday quarterly results that topped its own estimates, driven by triple-digit e-commerce growth and a rebound in China.

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Comcast set to report Q3 2020 earnings before the bell

Comcast's theme parks business has suffered the most during the pandemic as closures and capacity restrictions strain revenue.

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Pinterest stock soars on big revenue beat and strong user numbers

Pinterest's stock price soared as much as 30% after hours on Wednesday as the company posted strong revenue and user growth in its third-quarter earnings.

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Ford blows away earnings expectations as consumers buy up trucks during pandemic

Ford blew away Wall Street expectations as well as the company's forecast earnings for the third quarter on stronger-than-expected demand during the coronavirus pandemic.

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Gilead's revenue rises 17% driven by sales of coronavirus treatment remdesivir

Remdesivir generated $873 million in sales during the third quarter, mostly in the U.S., the company said.

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Wednesday, 28 October 2020

Boeing to cut thousands of additional jobs through 2021 as it adjusts to long-term drop in air travel demand

Boeing is set to report another rough quarter as it faces weak jetliner demand, the continued grounding of its 737 Max and the coronavirus pandemic

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Bed Bath & Beyond targets 'stable' sales growth in 2021, low-to-mid single-digit gains by 2023

Bed Bath & Beyond, ahead of its annual meeting with investors Wednesday, laid out a three-year road map and offered fresh financial targets.

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GE shares jump after company posts surprise adjusted third-quarter profit, revenue tops expectations

Here are GE's results for the third quarter of 2020.

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Tuesday, 27 October 2020

Microsoft set to report earnings after the bell

While a few parts of Microsoft's business will be challenged because of the pandemic, an accounting change will benefit Microsoft's gross margin this quarter.

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Burger King parent's quarterly sales fall 8% as pandemic weighs on Tim Hortons sales

Restaurant Brands International on Tuesday reported that its quarterly revenue fell 8%, dragged down by slower sales at Tim Hortons and Burger King.

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3M earnings top expectations amid strong personal safety equipment sales

3M reported third-quarter results that beat analyst expectations on the back of strong personal-safety and health care equipment sales.

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Caterpillar reports a 54% drop in sales in the third quarter amid lower equipment demand

Caterpillar posted adjusted earnings per share of $1.34 on revenue of $9.9 billion in the previous quarter.

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Record earnings beat is still not good enough for the market and profit misses are severely punished

Corporate profits are performing at a record pace relative to expectations, but investors so far seem unimpressed.

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Thursday, 22 October 2020

Intel drops on weak results for its data center group

The pandemic fueled growth in Intel's PC business, but data center spending fell off in the quarter.

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Southwest Airlines posts biggest-ever loss as coronavirus slams demand

Southwest Airlines posted another quarterly loss.

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American Airlines reports $2.4 billion net loss in third quarter, cuts cash burn

American Airlines posted another quarterly loss as coronavirus hit summer travel demand.

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Here's what to expect from Coca-Cola earnings

Shares of Coke, which has a market value of $215 billion, have fallen 9% so far this year.

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Wednesday, 21 October 2020

Tesla reports fifth consecutive quarter of profits

Elon Musk's carmaker reported net income of $331 million on revenue of $8.77 billion in the third quarter.

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Chipotle shares fall despite earnings beat, as robust delivery growth weighs on profits

Shares of Chipotle, which has a market value of $38 billion, have risen 62% so far this year.

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Snap says brand advertising coming back, hints that Facebook boycott helped Q3

Snap Chief Business Officer Jeremi Gorman said that brand advertising is showing momentum, and that advertisers want a platform that shares their values.

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Tuesday, 20 October 2020

Nearly half of Netflix's new subscriber growth came from Asia-Pacific

International expansion has been a key focus for Netflix with Asia in particular seen as a critical region by management.

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Snap stock rockets up after surprise earnings beat

Snap's stock price soared as much as 18% after hours on Tuesday as the company posted an unexpected, adjusted profit along with positive user and revenue growth in its third-quarter earnings.

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Netflix set to report third-quarter 2020 earnings after the bell

It's the first report since longtime Chief Content Officer Ted Sarandos was promoted to co-CEO.

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Corporate execs are talking differently on earnings calls to please the machines

A recent study found that executives on earnings calls are increasingly avoiding using negative words and trying to sound more upbeat.

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Procter & Gamble beats estimates as sales jump 9%, raises forecast

Procter & Gamble now expects sales growth of 3% to 4% during fiscal 2021, up from its prior forecast of 1% to 3%.

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Monday, 19 October 2020

IBM reports third straight quarter of revenue declines

Revenue declines have returned under new IBM CEO Arvind Krishna as he seeks to sell off part of the company's largest business segment.

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Thursday, 15 October 2020

Morgan Stanley tops analysts' revenue estimates by $1 billion on stronger-than-expected trading

CEO James Gorman has doubled down on his push to diversify away from Morgan Stanley’s traditional strengths of trading and investment banking.

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Tuesday, 13 October 2020

Citigroup earnings top the Street as credit costs from the pandemic stabilize

Citigroup reported better-than-expected results for the third quarter as the company's credit costs from the pandemic stabilized.

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Johnson & Johnson beats third-quarter earnings expectations, raises guidance

J&J's third-quarter earnings and revenue beat expectations, led by higher sales in its medical-device unit and higher demand for some of its drugs.

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JPMorgan Chase is set to report third-quarter earnings – here’s what the Street expects

JPMorgan, the biggest U.S. bank by assets, is also the first major lender to report earnings.

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Thursday, 8 October 2020

Domino's quarterly sales surge but pandemic costs hit earnings; shares tumble

Domino's Pizza reported that its third-quarter revenue rose 17.9%, led by more U.S. customers ordering pizza delivery during the coronavirus pandemic.

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Wednesday, 7 October 2020

Levi's shares surge as online sales jump, offsetting other revenue declines

Levi's overall sales declined 27% during the third quarter due to coronavirus pandemic-related store closures, and net income tumbled 78%.

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Friday, 2 October 2020

Twilio shares rise as it forecasts more quarterly revenue than expected

Twilio stock has benefited from the rush to the cloud during the coronavirus pandemic this year.

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Thursday, 1 October 2020

Bed Bath & Beyond posts same-store sales gain for the first time since 2016 thanks to e-commerce gains

Bed Bath & Beyond on Thursday reported its first same-store sales increase in nearly four years, as its online business surged more than 80% during the quarter.

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PepsiCo quarterly revenue grows 5.3%, fueled by higher snack sales

PepsiCo said its organic revenue grew by more than 4% during its latest quarter.

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