Tag: Breaking News: Earnings

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Cisco CEO Chuck Robbins: $28 billion Splunk deal will be a significant financial growth driver
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Cisco (CSCO) Q3 earnings report 2024

Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024. Stefan Wermuth | Bloomberg | Getty Images Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street’s estimates, even with sales dropping from a year earlier. The...

Home Depot revenue misses, shares slip
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Home Depot (HD) Q1 2024 earnings

Home Depot on Tuesday posted quarterly revenue below Wall Street’s expectations, as shoppers postponed bigger discretionary projects like bath and kitchen remodels because of higher interest rates and made spring purchases late. Still, the home improvement retailer reaffirmed its full-year guidance, which includes an additional week from the prior year. It said it expects total...

Cloud players can monetize AI quicker than other companies, says CFRA's Zino on Microsoft earnings
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AWS Q1 earnings report 2024

Adam Selipsky, CEO of Amazon Web Services, speaks during the Bloomberg Technology Summit in San Francisco on June 22, 2023. David Paul Morris | Bloomberg | Getty Images Amazon said Tuesday that revenue from its cloud unit grew 17% year over year in the first quarter, a more rapid rate than Wall Street had expected....

A quiet meme stock rally? Reddit, GameStop and Supermicro surge
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Super Micro (SMCI) Q3 earnings report 2024

Lisa Su, chair and CEO of Advanced Micro Devices, left, and Charles Liang, CEO of Super Micro Computer, speak at the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Super Micro shares slipped as much as 8% in extended trading on Tuesday after...

Amazon earnings preview: Bar higher for ad revenue after strong Snap, Microsoft results
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Amazon (AMZN) Q1 earnings report 2024

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon will report first-quarter earnings after the bell on Tuesday. Here’s what analysts are expecting according to LSEG: Earnings per share: 83 cents Revenue: $142.5 billion Wall Street is also...

IBM's in-office ultimatum: Move near office or leave company
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IBM Q1 earnings report 2024: IBM to acquire HashiCorp

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Stefan Wermuth | Bloomberg | Getty Images IBM shares slipped as much as 6% in extended trading on Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker HashiCorp and reported first-quarter revenue...

Temu still has 'a long way to go' in taking market share from larger incumbent e-commerce players
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Meta (META) Q1 2024 earnings

Mark Zuckerberg, CEO, Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta will report first-quarter results after the bell Wednesday. Here’s what analysts are expecting. Earnings per share: $4.32, according to LSEG. Revenue: $36.16 billion, according to LSEG. Daily active users (DAUs): 2.12 billion, according to StreetAccount Monthly active...

Bank of America tops estimates on better-than-expected interest income, investment banking
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Bank of America (BAC) earnings Q1 2024

Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit and revenue on better-than-expected interest income and investment banking. Here’s what the company reported: Earnings: 83 cents a share adjusted, vs. 76 cents LSEG estimate Revenue: $25.98 billion, vs. expected $25.46 billion The bank said profit fell 18% to $6.67 billion, or...

Citigroup tops estimates for first-quarter revenue
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Citigroup (C) earnings Q1 2024

Citigroup on Friday posted first-quarter revenue that topped analysts’ estimates, helped by better-than-expected results in the bank’s investment banking and trading operations. Here’s how the company performed, compared with estimates from LSEG, formerly known as Refinitiv: Earnings: $1.86 per share, adjusted, vs. $1.23 expected Revenue: $21.10 billion vs. $20.4 billion expected The bank said profit...

Adobe CEO Shantanu Narayen on new AI tools: For us, it's about driving 'responsible' innovation
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Adobe (ADBE) Q1 earnings report 2024

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024.  Brendan Mcdermid | Reuters Adobe shares tumbled as much as 9% in extended trading on Thursday after the design software maker issued strong fiscal first-quarter results but...