Amazon shares are getting dinged on Thursday after its second-quarter sales missed expectations, despite a terrific performance from its cloud business. It doesn't change our thesis for this longtime core holding. Revenue increased 10% year-over-year to $147.98 billion, missing expectations for $148.5 billion, according to estimates compiled by LSEG....
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast.On a call with...
Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024. Costfoto | Nurphoto | Getty ImagesCheck out the companies making headlines in extended trading:Intel — The chip stock sank 17%. Intel said it would suspend its dividend in...
Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 93 cents adjusted vs. 84 cents expectedRevenue: $6.16 billion vs. $6.28 billion expectedBlock, formerly known as Square, posted...
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024.I-hwa Cheng | AFP | Getty ImagesIntel shares slid as much as 19% in extended trading on Thursday after the chipmaker said it would lay off...
People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida. Joe Raedle | Getty ImagesThe U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane...
Eaton on Thursday morning delivered quarterly beats on its top and bottom lines. Segment profit margin and organic sales growth topped estimates. Management also raised its outlook for the year. Despite that show of strength, shares of the industrial Club name were trading lower. Revenue in the second quarter...
Actor Jon Hamm playing Don Draper in Mad Men.Michael Yarish | AMC | APCall Don Draper, Venu Sports may have a marketing problemThe Disney, Fox and Warner Bros. Discovery jointly-owned streaming service said Thursday it will launch this fall at $42.99 per month. That's much more expensive than Netflix,...
Check out the companies making headlines in midday trading: Shake Shack — The stock gained more than 15% after the burger chain's revenue topped estimates. Shake Shack earned 27 cents per share, excluding items, on revenue of $316 million, above the LSEG estimate of $314 million. Shake Shack also...
Paige Bueckers #5 of the UConn Huskies shoots the ball in the second half during the NCAA Women's Basketball Tournament Final Four semifinal game against the Iowa Hawkeyes at Rocket Mortgage Fieldhouse on April 05, 2024 in Cleveland, Ohio. Steph Chambers | Getty ImagesUniversity of Connecticut star Paige Bueckers will...