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A pullback in Amazon is a buying opportunity, says Wedbush's Scott Devitt
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Amazon says distraction of Olympics, Trump shooting hit weak guidance

Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast. On a call with reporters following the...

Microsoft and other tech giants' AI capex is not sustainable: Analyst
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Amazon (AMZN) Q2 earnings report 2024

Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Amazon is set to report second-quarter earnings after the bell on Thursday. Here’s what analysts polled by LSEG are expecting: Earnings per share: $1.03 Revenue: $148.56 billion Wall Street is also looking at these key...

This investment cycle is bigger than AI, says Piper Sandler's Brent Bracelin
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Meta Q2 earnings report 2024

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 is slated to report second-quarter earnings on Wednesday after the close of regular trading. Here’s what analysts polled by LSEG are expecting: Earnings per...

Microsoft's AI spending comes into focus ahead of earnings
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Pinterest (PINS) Q2 2024 earnings

Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024.  Brendan McDermid | Reuters Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. Here’s how the company...

Comcast posts mixed results, weighed down by film studio, theme parks
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Comcast (CMCSA) earnings Q2 2024

Comcast reported mixed results before the bell Tuesday, missing on revenue estimates due to tough year-over-year comparisons for its film studio and theme parks. The company’s streaming service, Peacock, however, continued to make gains. Comcast’s stock was down roughly 4% in early trading. Here is how Comcast performed, compared with estimates from analysts surveyed by...

Alphabet beats on revenue and earnings
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Alphabet meets earnings expectations but misses on YouTube ad revenue

Google parent company Alphabet reported second-quarter results after the bell Tuesday that were in-line with analyst estimates on revenue and earnings, but missed on YouTube advertising revenue. Alphabet shares were down about 2% in after-hours trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings: $1.89 a share vs. $1.84...

AT&T CEO Calls On Google, Meta, Apple To Pay For Subsidies
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AT&T CEO Calls On Google, Meta, Apple To Pay For Subsidies

AT&T wants the seven biggest and most profitable tech companies, namely Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla, to help subsidize Internet and telephone access in the U.S. AT&T CEO John Stankey said on Monday at a telecoms forum that big tech companies should be required to contribute to the Universal Service Fund (USF),...

Reddit shares climb on revenue beat in first quarterly report since IPO
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Reddit (RDDT) Q1 2024 earnings

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024.  Timothy A. Clary | AFP | Getty Images Reddit shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first time since its IPO...

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...

Snap stock soars following beat on revenue, earnings and daily active users
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Snap (SNAP) Q1 2024 earnings

Snap reported first-quarter results on Thursday that beat analysts’ estimates and showed a return to double-digit revenue growth. Shares soared more than 25% in extended trading.   Here’s how the company did:  Earnings per share: 3 cents adjusted vs. a loss of 5 cents expected by LSEG Revenue: $1.19 billion vs. $1.12 billion expected by LSEG...