Meta Platforms delivered a home-run earnings report after the closing bell Thursday — beating on sales and earnings while declaring its first-ever dividend and boosting its buyback. The bullish combination sent shares soaring in extended trading and fortified our belief in one of our largest positions. Revenue in the three […]
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The cloud is back at Amazon, putting the stock on a path back to Covid-era record highs
Amazon shares jumped after-hours Thursday, following the e-commerce and cloud computing giant’s strong fourth quarter. Results like this happen when Amazon shifts its mindset from an “investing” cycle to a “harvesting” phase, which usually leads to big profit numbers like what we saw in the quarterly print and what was […]
Amazon cloud unit speeds up revenue growth as clients adopt AI services
Amazon said on Thursday that its cloud division grew revenue 13% year over year in the fourth quarter, exactly in line with analysts’ projections. The company pointed to growing traction in cloud services for artificial intelligence. Many large technology companies have worked quickly to release new products or update existing […]
Apple stock falls after company gives outlook suggesting weak iPhone sales
Apple CEO Tim Cook listens during a program at the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week at Apple Park in San Francisco, Nov. 17, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Apple reported fiscal first-quarter earnings Thursday that beat estimates for revenue and earnings, but it showed a 13% […]
Meta shares jump 14% after profit triples and company announces first-ever dividend
Mark Zuckerberg, CEO, Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta beat on earnings and revenue in its fourth-quarter earnings report Thursday and announced its first-ever dividend payment. The stock soared 14% in extended trading. Here are the key numbers: Earnings per share: […]
Tim Cook teases Apple AI announcement ‘later this year’
Apple CEO Tim Cook attends the Wonderlust event at the company’s headquarters in Cupertino, California, on Sept. 12, 2023. Loren Elliott | Reuters Apple CEO Tim Cook teased that Apple may have an artificial intelligence announcement later this year during a call with analysts after the company reported fiscal first-quarter […]
Meta is paying first-ever dividend, authorizes $50 billion buyback
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta announced on Thursday that it will pay a quarterly dividend for the first time, and said it authorized an […]
Amazon reports better-than-expected results, as revenue jumps 14%
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon on Thursday reported fourth-quarter results that sailed past analysts’ estimates, and gave strong guidance for the current quarter. The stock climbed more than 8% […]
Trump New York business fraud case verdict delayed to later in February
In this courtroom sketch, former U.S. President Donald Trump looks on as his attorney Alina Habba delivers closing arguments during E. Jean Carroll’s second civil trial in which Carroll accused Trump of raping her decades ago, at Manhattan Federal Court in New York City on Jan. 26, 2024. Jane Rosenberg […]
Meta shares jump 15% after profit triples and company announces first-ever dividend
Mark Zuckerberg, CEO, Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta beat on earnings and revenue in its fourth-quarter report on Thursday and announced its first-ever dividend payment. The stock jumped 15% in extended trading. Here are the key numbers: Earnings: $5.33 per […]