Shares of Super Micro Computer (SMCI) have taken a steep fall, dropping over 40% after news broke that Ernst & Young (EY), the company’s auditor, has resigned. This comes on the heels of a DOJ probe, raising serious questions for investors. SMCI’s tumble this past week has added to its already shaky year. While [...]
Amazon (AMZN) stock surged in after-hours trading on Thursday following a strong third-quarter earnings report that topped Wall Street’s expectations. The company’s results were driven by solid growth in its cloud and advertising businesses, which continue to be significant contributors to Amazon’s revenue growth. Quarter Highlights Amazon reported third-quarter revenue of $158.9 billion, marking [...]
The Facebook parent company, Meta Platforms (META), is losing ground Thursday morning on the heels of a third-quarter earnings update Wednesday after hours. While the stock is down 3% so far today, the Q3 performance was actually fairly solid. Revenue of $40.6 billion was slightly ahead of the analyst consensus for $40.2 billion. Earnings [...]
Advanced Micro Devices (AMD) is down more than 9% Wednesday morning after the company’s third-quarter earnings results were released yesterday afternoon. The semiconductor manufacturer showed strong performance in its data center segment specifically, which saw a massive 122% growth from this time last year. It helped push total revenue 18% higher year-over-year to $6.82 [...]
PayPal Holdings (PYPL) reported third-quarter earnings results that mirrored what we’ve seen so far this year - continued growth in profitability. The company delivered on one of its key metrics for the quarter, yet the stock is down nearly 4% Tuesday morning. Revenue for the third quarter came in at $7.85 billion, which was [...]
Shares of Mcdonald’s Corp. (MCD) have started the road to recovery Monday morning after losing roughly 7% over the past few days. The stock is up more than 1% today as many saw the dip as a buying opportunity. The fast food chain is under fire amidst concerns that its popular Quarter Pounder burgers [...]
Shares of Spirit Airlines (SAVE) are up more than 36% over the past few days as another merger rumor is making headlines. This time, its competitor Frontier Airlines is trying to bring the budget airliner into its ecosystem. This comes as Spirit Airlines is on the brink of bankruptcy, meaning any sort of merger [...]
International Business Machines Corporation (IBM) is down nearly 7% Thursday morning after the company’s third-quarter earnings result left much to be desired in the eyes of investors. Despite posting a net loss of $330 million, IBM’s adjusted earnings came in at $2.30 per share, well ahead of the $2.22 analysts were expecting. This time [...]
Shares of Starbucks (SBUX) were down roughly 4% yesterday during after-hours trading, but they’ve leveled off this morning since the market opened and are relatively flat on the day. This all comes after the company reported quarterly earnings that left much to be desired. A profit of 80 cents per share was a massive [...]
Verizon Communications Inc. (VZ) disclosed its third-quarter earnings results Tuesday morning, with revenue coming in just shy of expectations and sending shares retreating 4% so far. Here’s how the company performed relative to the analyst consensus: Earnings per share: $1.19 per share, just ahead of the $1.18 per share estimate. Revenue: $33.3 billion, narrowly [...]
