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Business

Oil companies are giving back tons of cash — and other things we’ve learned this earnings season

A trader works at the New York Stock Exchange NYSE in New York, the United States, May 18, 2022. U.S. stocks plummeted on Wednesday as weak earnings from major retailers stoked concerns about the impact of inflation. Michael Nagle | Xinhua News Agency | Getty Images Source link

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Business

Atlassian says customers unlikely to reduce spending as the software maker surpasses revenue expectations

Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar Atlassian Atlassian shares rose as much as 12% after the collaboration software maker disclosed more quarterly revenue than analysts had expected, while meeting consensus on earnings. Here’s how the company did: Earnings: 27 cents per share, adjusted, vs. 27 cents per share as expected by analysts, according to […]

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Technology

UBS says these 6 Club stocks are exposed to key tech trends — and worth owning

The technology sector covers such a broad swath of industries — from semiconductors to software to electronics — that figuring out just where to invest can be daunting. UBS analysts have an opinion: They say three key trends in technology are on the verge of exploding — artificial intelligence, big data and cybersecurity — and […]

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Business

Amazon shares rally after strong second quarter and guidance

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Shares of Amazon jumped more than 12% on Friday, a day after the company posted stronger-than-expected second-quarter revenue and gave upbeat guidance. Sales for the three months […]

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Business

Amazon jumps on revenue beat and rosy guidance for third quarter

Amazon shares climbed more than 13% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook. Here’s how the company did: EPS: Loss of 20 cents Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the quarter: Amazon Web Services: […]

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Business

Intel CFO says we’re ‘on the bottom’ after company misses earnings and stock sinks

Intel shares sank as much as 10% in extended trading on Thursday after the chipmaker reported second-quarter results and quarterly and full-year guidance that fell short of analysts’ expectations. Here’s how the company did: Earnings: 29 cents per share, adjusted, vs. 70 cents per share as expected by analysts, according to Refinitiv. Revenue: $15.32 billion, […]

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Technology

Amazon says cloud-computing revenue rose 33%, topping Wall Street estimates

Amazon Web Services CEO Adam Selipsky speaks at the AWS Reinvent conference in Las Vegas on Nov. 30, 2021. Noah Berger | Getty Images Amazon said Thursday that revenue from its cloud segment rose 33% in the second quarter, beating analysts’ estimates. Amazon Web Services generated $19.74 billion in revenue in the period, according to […]

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Business

Jim Cramer advises investors to take a case-by-case approach to stocks

CNBC’s Jim Cramer on Wednesday said that investors should judge stocks individually rather than on fears of a looming recession, after the Federal Reserve indicated it could start taking a softer approach to raising interest rates. “The Fed looks to be out of the way until the next meeting in September — maybe they’re ahead […]

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Business

Meta reports earnings, revenue miss and forecasts second straight quarter of declining sales

Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast pointing to a second consecutive decline in year-over-year sales. The shares dropped 3.8% in extended trading. Here’s how the company did: Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv Revenue: $28.82 billion vs. […]

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Business

Stocks making the biggest moves after hours: Alphabet, Texas Instruments, Enphase and more

A Chipotle Mexican Grill sign is seen in the Park Slope neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images Check out the companies making headlines in after hours trading. Alphabet – Shares of Alphabet jumped nearly 3% even after the company reported quarterly earnings that fell short of […]