Meta Platforms on Wednesday reported better than expected quarterly results, delivering revenue at the high end of guidance thanks to a roughly 22% increase in advertising dollars. While there are still concerns about the company's aggressive AI spending, we believe these investments will pay off in the long run....
Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024.Annabelle Chih | Bloomberg | Getty ImagesArm shares fell more than 13% in extended trading on Wednesday after the chip-architecture maker issued light earnings guidance for the current quarter...
A worker walks past a pile of lithium ore at a Talison Lithium Ltd. site, a joint venture between Tianqi Lithium Corp. and Albemarle Corp., in Greenbushes, Australia.Carla Gottgens | Bloomberg | Getty ImagesLithium mining giant Albemarle will halt the expansion of a manufacturing plant in Australia, as the...
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California. Justin Sullivan | Getty ImagesShares of Carvana jumped as much as 14% during after-hours trading Wednesday as the company topped Wall Street's expectations for the...
Check out the companies making headlines after the bell : Meta Platforms — Shares of the social media giant rallied more than 4%. Meta Platforms topped revenue and earnings expectations for the recent quarter, posting earnings of $5.16 per share on $39.07 billion in revenue. The company also offered...
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022.Steve Marcus | ReutersQualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations, particularly for sales, and provided strong guidance for the current quarter.Qualcomm stock rose...
U.S. Vice President Kamala Harris speaks during an NCAA championship teams celebration on the South Lawn of the White House in Washington, D.C., on July 22, 2024.Andrew Harnik | Getty ImagesThe United Auto Workers on Wednesday endorsed Vice President Kamala Harris over Republican presidential nominee and former President Donald...
This month's pullback in technology stocks puts the pressure on Meta Platforms to wow investors when it reports results, and prove that its ambitious artificial intelligence visions are worth the steep investment. Analysts expect the social media giant to earn $4.73 per share on $38.3 billion in revenue when...
