The nature of technology platforms turns the law of large numbers on its head.
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Friday, 30 April 2021
Berkshire's annual meeting is Saturday with Buffett and Munger together again, shares at a record
The 90-year-old Buffett is taking the "Woodstock for Capitalists" to Los Angeles, marking the first time the annual meeting will take place outside of Omaha.
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Exxon posts a profit, snapping four-quarter loss streak
Exxon posted a profit during the first quarter as oil prices recover.
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Chevron posts a profit, raises dividend as oil price recovery lifts quarterly results
Chevron posted a profit for the first quarter amid a rise in oil prices, although results were below pre-pandemic levels.
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Burger King parent's earnings beat estimates as systemwide sales top 2019 levels
Restaurant Brands International reported quarterly earnings that topped Wall Street's expectations as its systemwide sales surpassed 2019 levels.
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Amazon's ads business is generating nearly $7 billion a quarter, and growth is accelerating
Amazon's 'Other' business generated more than $6.9 billion in Q1 and is growing at a rate of 77%.
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Twitter stock plunges on user miss and low guidance
Earnings and revenue came in slightly ahead of expectations, but users and Q2 guidance were low.
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Thursday, 29 April 2021
Amazon sales surge 44% as it smashes earnings expectations
Amazon released on Thursday its first-quarter results.
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Ford’s 'confusing' 2021 guidance is hurting its stock despite blowout first-quarter earnings
The negative reaction by investors following Ford's first-quarter results is a mix of things related to the chip problem, including its 2021 guidance.
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EBay drops more than 11% after giving light earnings guidance
Shares of eBay slumped more than 11% on Thursday morning after the company reported an earnings outlook that fell short of Wall Street's estimates.
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Marlboro parent Altria revenue falls short as cigarette shipments decline, buys rest of On nicotine pouch
Altria first-quarter earnings declined as revenue fell short of estimates as cigarette shipments continue to decline.
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Here's what to expect from McDonald's earnings
McDonald's stock has risen 8% so far in 2021, giving the company a market value of $179 billion.
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Comcast set to report first-quarter earnings before the bell
Comcast reports first quarter earnings before-the-bell on Thursday.
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Wednesday, 28 April 2021
Qualcomm revenue pops 52% on strong smartphone demand
Qualcomm raised its forecast for handset shipments in 2021 as the economy reopens.
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Apple reports fiscal second-quarter earnings after the bell
Apple's business is cyclical and its second quarter, which ends in March, is typically much smaller sequentially than the holiday quarter.
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Ford is set to report results after the bell. Here's what Wall Street expects
Shares of Ford are up by about 130% during the past 12 months. They’ve risen more than 40% in 2021.
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Enphase Energy posts record quarter, but stock slides as management warns of chip shortage pains
Shares of Enphase were under pressure after the company beat estimates, but warned that supply constraints will affect the remainder of the year.
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Taco Bell parent Yum Brands tops earnings estimates fueled by U.S. sales growth
Yum Brands reported quarterly earnings that crushed analysts' expectations as U.S. consumers returned to its restaurants.
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Boeing posts sixth consecutive quarterly loss, expects turning point in 2021
Boeing has reported an improvement in orders this year as travel demand bounces back.
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Tuesday, 27 April 2021
Microsoft books biggest revenue growth since 2018
Microsoft delivered better-than-expected revenue growth thanks in part to strong PC sales in the quarter. Azure revenue growth was flat from the prior quarter.
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Starbucks raises 2021 forecast as U.S. same-store sales growth returns to pre-pandemic levels
Starbucks on Tuesday reported mixed quarterly results and raised its full-year forecast for earnings and revenue.
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Crocs shares soar as shoe maker raises 2021 sales outlook, sees growth of 40% to 50%
Crocs shares shot up more than 8% Tuesday after the shoe maker upped its revenue outlook for the full year and reported record first-quarter sales.
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Monday, 26 April 2021
Tesla posts record net income of $438 million, revenue surges by 74%
Tesla beat expectations on revenue and earnings in Q1, but the stock dropped slightly after hours.
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True - Official Trailer
Friday, 23 April 2021
Mattel sales soared 47% as parents bought toys with stimulus checks, toymaker raises outlook
Mattel's sales jumped 47% in the latest quarter as families spent more on toys for their children.
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Thursday, 22 April 2021
Intel revenue and profit drop slightly from last year, beating expectations
Intel CEO Pat Gelsinger announced earlier this month that the company plans to invest $20 billion in new microchip manufacturing plants.
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Snap reports accelerating revenue growth, strong user numbers for first quarter
Snap's stock rose in after-hours trading after it reported its first-quarter results despite beating expectations on earnings, revenue and user growth.
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Southwest Airlines says leisure bookings improving, expects to break even in June
Southwest says leisure bookings are on the rise and that it will increase its flying schedule later this spring.
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Wednesday, 21 April 2021
Chipotle earnings smash estimates as online sales overtake in-person orders
Shares of Chipotle Mexican Grill have nearly doubled in value over the last year, giving it a market value of $42.8 billion.
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Tuesday, 20 April 2021
Netflix set to report earnings after the bell
Netflix reports earnings for the first quarter of 2021 after the bell on Tuesday.
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Johnson & Johnson reports $100 million in quarterly sales from Covid vaccine
J&J's financial results come as the company's Covid-19 vaccine has been put on pause in the United States.
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Procter & Gamble earnings beat as consumers hang on to pandemic cleaning habits; price hikes ahead
Procter & Gamble topped Wall Street's estimates for its fiscal third-quarter earnings and revenue.
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Monday, 19 April 2021
IBM beats across the board, posts revenue growth after four quarters of declines
IBM swung to revenue growth after four quarters of declines.
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Here's what to expect from Coca-Cola earnings
Coca-Cola's stock has risen 14% over the last 12 months, giving the company a valuation of $231 billion.
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Thursday, 15 April 2021
Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve
Delta says bookings have improved over the past several months and expects to break even by June.
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Citigroup is set to report first-quarter earnings — here’s what the Street expects
Citigroup CEO Jane Fraser is ready for the spotlight.
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Bank of America earnings top estimates on strong investment banking, release of loan-loss reserves
Bank of America joined rivals in posting a quarterly boost from an improving credit outlook.
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PepsiCo tops estimates as pandemic snacking helps fuel 6.8% revenue gain
PepsiCo on Thursday reported quarterly earnings that topped analyst estimates as consumers maintained their pandemic snacking habits.
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American Eagle says first-quarter sales on pace to top $1 billion as shoppers stock up on jeans and shirts
American Eagle Outfitters said its fiscal first-quarter revenue is on track to top $1 billion, thanks to strength at its namesake banner as well as Aerie.
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Wednesday, 14 April 2021
Wells Fargo earnings top estimates on $1.05 billion release of loan loss reserves
Wells Fargo beat expectations for earnings and revenue in the first quarter.
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Bed Bath & Beyond quarterly sales tumble 16%, as store closures and divestitures hurt results
Bed Bath & Beyond reported a double-digit decline in fourth-quarter sales, as ongoing store closures and divestments weigh on results.
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Goldman Sachs reports record results that top the Street amid booming investment banking
Expectations for Goldman Sachs are running high amid favorable conditions for many of the Wall Street businesses that the firm operates.
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JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects
One key question is whether banks will continue to release loan loss reserves that are no longer needed as the U.S. economic recovery gains pace.
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Tuesday, 13 April 2021
Nvidia stock rises as it sees better-than-expected first quarter
Nvidia said that its chips could to be hard to find through the end of the year.
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Thursday, 8 April 2021
Levi's shares rise as denim retailer boosts outlook for first half of 2021
Levi Strauss & Co. reported a double-digit sales decline for its fiscal first quarter, as ongoing store closures in Europe weighed on results.
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