Category: Earnings

Slack’s earnings detail how COVID-19 is both a help and a hindrance to cloud growth
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Slack’s earnings detail how COVID-19 is both a help and a hindrance to cloud growth

Slack’s shares are set to fall sharply this morning, down around 16% in pre-market trading. As the company beat analyst expectations last quarter and guided within range, the selloff might feel a little surprising. Perhaps it shouldn’t. I spoke with a VC last week about what the new benchmark results are for private SaaS companies,…

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Surprise Earnings Beat at Disney Overlooks Some Deep Pain
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Surprise Earnings Beat at Disney Overlooks Some Deep Pain

Disney reported a surprise profit after the bell Tuesday, and shares are rallying. Disney+ subscribers hit the company’s five-year estimate within eight months. With parks closed or at limited capacity, the company’s earnings will take years to rebound. Two cheers for the House of Mouse. Few companies have been more impacted by the pandemic than…

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Facebook Earnings Prove the Ad Boycott Was a Total Joke
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Facebook Earnings Prove the Ad Boycott Was a Total Joke

Facebook beat on earnings, revenues, and even saw a rise in profit margins. The company expects at least 10% revenue growth in the back half of 2020. The ad boycott against the company already shows signs of failure. Shares of Facebook (NASDAQ: FB) are helping lift tech stocks today. The company beat on earnings and…

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Big tech crushes Q2 earnings expectations
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Big tech crushes Q2 earnings expectations

Today after the bell, Apple, Alphabet, Facebook and Amazon reported their earnings results. Each bested expectations, and all but one are up sharply in after-hours trading. Coming on the heels of a day’s worth of congressional hearings in which the four companies highlighted competition and downplayed their market position, the results are loud. The group’s…

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How Amazon’s Earnings Could Disappoint This Week
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How Amazon’s Earnings Could Disappoint This Week

Amazon will release its second-quarter results on Thursday after market close. In Q1, stay-at-home orders contributed to e-commerce growth. A record fall in overall retail sales in Q2 could see Amazon miss estimates. Amazon (NASDAQ:AMZN) has benefited from the pandemic. In the first quarter, the online retailer exceeded the expected revenue estimates by nearly $2…

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Despite earnings beat and upbeat forecast, Zoom shares fall after reporting Q4 results
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Despite earnings beat and upbeat forecast, Zoom shares fall after reporting Q4 results

Today after the bell, Zoom reported its Q4 earnings. The company’s recorded revenue of $188.3 million and its adjusted per-share profit of $0.15 were ahead of expectations, including $176.55 million in revenue and earnings per share of $0.07, according to Yahoo Finance averages. Down several points during a broad market rally, Zoom has been a…

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Why Uber Stock’s Earnings Fluke Shouldn’t Fool You
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Why Uber Stock’s Earnings Fluke Shouldn’t Fool You

Uber’s stock rallied after a better than expected fourth-quarter result and optimistic guidance. Management projects EBITDA profitability in the full year of 2021. Investors shouldn’t let those optimistic projections distract them from the company’s massive and unsustainable losses in the present. Uber (NYSE: UBER) shocked the market with better-than-expected fourth-quarter earnings and guidance. The cutting-edge…

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Alphabet earnings show Google Cloud on $10B run rate
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Alphabet earnings show Google Cloud on $10B run rate

Today after the bell, Alphabet reported its fourth-quarter and full-year financial results. The company’s revenue grew from $39.3 billion in 2018 to $46.1 billion in 2019. The firm’s net income also expanded from $8.9 billion to $10.7 billion over the same time frame. The figures, when compared to expectations, were mixed. Alphabet beat analyst estimates…

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A Deep Earnings Recession Could Crash The S&P 500: Economist
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A Deep Earnings Recession Could Crash The S&P 500: Economist

Wall Street analysts expect corporate earnings for S&P 500 companies to decline for the fourth straight quarter once all the reports are filed. An economist writing for CNN Business says, “That’s not exactly a recipe for stocks to rise.” He warns Wall Street bulls have overbought stocks. A financial analyst for a Chicago hedge fund…

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