Tuesday, 28 February 2023

Rocket Lab quarterly revenue stays steady as space company doubles order backlog

Rocket Lab said Tuesday it has doubled its order backlog — from about $241 million in contracts at the end of 2021 to $503.6 million at the end of 2022.

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Norwegian Cruise Line shares fall 10% as soft outlook, wider losses eclipse strong demand

Norwegian Cruise Line's stock fell as high costs and debt weigh on the company even as travel demand has stayed strong.

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Monday, 27 February 2023

Target will report earnings before the bell — Here's what to expect

The big-box retailer's results come with higher stakes after missing earnings' expectations for three consecutive quarters.

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Zoom shares jump on better-than-expected fourth-quarter results

While Zoom's earnings guidance was better than expected, the company continues to see a dramatic slowdown in growth from the Covid boom.

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Thursday, 23 February 2023

Block misses on earnings but beats on revenue, gross profit

Block stock rose slightly in extended trading after the payments company reported fourth-quarter revenue and gross profit that beat Wall Street's expectations.

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Beyond Meat reports narrow-than-expected quarterly loss despite sinking sales

Beyond Meat said its sales could fall as much as 10% in 2023.

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Moderna misses on earnings as costs rise from surplus production capacity, lower Covid shot demand

Moderna reported quarterly earnings of $3.61 per share, a 68% decrease from the same period in 2021 when it booked $11.29 per share.

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Alibaba shares rally 6% after massive earnings beat

Alibaba reported earnings for its fiscal third quarter that smashed expectations, sending shares soaring 6% higher.

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Qantas is confident it will return to 100% of its pre-Covid capacity in 2024

Qantas is confident that it will see a full return to pre-Covid capacity in 2024, CEO Alan Joyce told CNBC.

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Wednesday, 22 February 2023

Lucid's revenue falls short of estimates as it guides to higher EV production in 2023

Lucid built just 7,000 of its Air luxury sedans last year amid manufacturing challenges but expects to make between 10,000 and 14,000 vehicles in 2023.

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Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payout

Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales.

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Tuesday, 21 February 2023

Coinbase beats on revenue and earnings, but usage continues to decline

Coinbase beats on revenue and earnings, but usage continues to decline

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Palo Alto Networks lifts earnings guidance as it pursues profitable growth

Palo Alto Networks is emphasizing profitability while still adding top-line growth through acquisitions under CEO Nikesh Arora.

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HSBC reports fourth-quarter pre-tax profit of $5.2 billion, beating estimates

The bank said its fourth-quarter results reflect strong reported revenue growth and lower reported operating expenses.

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Friday, 17 February 2023

Hasbro keeps expectations low for the start of 2023, but sees turnaround coming

Hasbro reported disappointing holiday sales, which it had anticipated given slowing consumer demand.

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Thursday, 16 February 2023

DoorDash stock pops after revenue beat, rosy guidance

DoorDash reported better-than-expected sales for the fourth quarter and gave upbeat guidance for the current period.

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Paramount+ plans price increases as it hits 56 million subscribers

Paramount Global reported 9.9 million in streaming subscriber additions. The company plans price increases this year.

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Wednesday, 15 February 2023

Zillow stock up following fourth-quarter earnings

Shares of Zillow popped Wednesday after the company released fourth-quarter earnings that beat analysts' expectations.

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Kraft Heinz issues soft profit guidance after price increases boost revenue

Kraft Heinz saw a decline in sales volume as it increased prices more than 15%.

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Barclays posts 19% slide in annual net profit after costly U.S. trading blunder; shares down 8%

Barclays on Wednesday reported a full-year net profit of £5 billion ($6.05 billion) for 2022, beating consensus expectations of £4.95 billion.

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Tuesday, 14 February 2023

Airbnb beats on profit and revenue, stock is up

Airbnb reported fourth-quarter earnings that beat analysts' expectations on top and bottom lines.

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Restaurant Brands International posts strong fourth quarter, names new CEO

The restaurant chain company named Chief Operating Officer Joshua Kobza as its new chief executive, replacing José Cil.

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Monday, 13 February 2023

Shares of Palantir pop as it reports first profitable quarter

Palantir's revenue for the quarter increased 18% year over year, and its U.S. commercial revenue grew 12%.

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Friday, 10 February 2023

Lyft shares tank 30% after company issues weak guidance

Lyft shares fell more than 20% during after hours trading after issuing weak guidance in its earnings report on Thursday.

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Thursday, 9 February 2023

Tether records surprise profit as stablecoin giant aims to put reserve controversy behind it

Tether on Thursday said it generated $700 million of profit in the December quarter, which the firm has used to boost its reserves.

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PepsiCo earnings beat expectations as price hikes boost snack and beverage sales

PepsiCo saw volume fall 2% across its food business as price hikes hurt consumer demand.

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Credit Suisse posts massive annual loss, CEO describes results as 'completely unacceptable'

Credit Suisse on Thursday reported a fourth-quarter net loss of 1.4 billion Swiss francs, as it carried out its strategic overhaul.

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Wednesday, 8 February 2023

Mattel shares tumble after holiday season fails to boost sagging sales

Mattel had hoped the holiday season would boost sales as inflationary pressures continue to squeeze consumer demand.

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Disney will report earnings for the first time since Bob Iger's return – what to expect

Disney reports fiscal first-quarter earnings after the bell. This is Bob Iger's first earnings release since returning as CEO in November.

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Uber beats estimates and the stock is up

Uber reported fourth-quarter earnings Wednesday that beat analysts' estimates on top and bottom lines.

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SocGen reports 64% slide in annual profits but beats market expectations

Societe Generale on Wednesday reported a 64% drop in annual net profits for 2022 and said the new year will be challenging.

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Tuesday, 7 February 2023

Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales

The burrito chain has been raising prices to offset higher food and labor costs.

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Hertz fourth-quarter profit beats as costs come down and travel rebounds

The rental car giant saw year-over-year gains in business from corporate travelers, international travelers and rideshare drivers.

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SoftBank's Vision Fund posts fourth straight quarter of losses as tech slump hits Japanese giant

SoftBank's flagship investment arm, the Vision Fund, has been hit by a slump in technology valuations over the past year.

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Monday, 6 February 2023

Pinterest shares plunge as much as 12% on fourth-quarter revenue miss and weak forecast

Pinterest reported revenue for the fourth quarter that missed analysts' estimates

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Thursday, 2 February 2023

Qualcomm revenue falls 12%, guidance implies more pain this quarter

Qualcomm saw weakness in mobile handset performance, and the chipmaker sees a sharper revenue decline coming in the quarter ahead.

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Starbucks is about to report earnings. Here's what to expect

Shares of Starbucks have risen more than 12% over the last year, fueled by optimism around China's reopening and the persistence of U.S. coffee habits.

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Apple reports earnings after the bell Thursday

Analysts expect the iPhone maker to post its first year-over-year revenue decline since 2019.

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Amazon to report quarterly results after market close

Analysts will be watching to see if Amazon CEO Andy Jassy has made progress on reeling in expenses after the company announced 18,000 layoffs.

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Ford is set to report results after the bell. Here's what Wall Street expects

The automotive industry's earnings and forecasts are being closely watched by Wall Street for any signs of weakening consumer demand.

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Ferrari's profits jump 13% in 2022, supercar maker expects an even better year in 2023

Ferrari guided to an even stronger year in 2023, boosted by its high-priced sports cars like the Daytona SP3 and the upcoming Purosangue SUV.

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Deutsche Bank shares slip despite profit beat as traders look to uncertain outlook

Despite lofty net profit figures, Deutsche Bank shares slipped as analysts honed in on the uncertain macroeconomic outlook.

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Wednesday, 1 February 2023

Meta set to report fourth-quarter earnings after the bell

Facebook parent Meta is reporting results following a year in which the stock lost almost two-thirds of its value.

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Peloton losses narrow as subscription revenue again outpaces equipment sales

Peloton beat Wall Street's revenue expectations but saw a 52% drop in connected fitness sales during its holiday quarter.

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