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AMD reports record revenue but Q4 forecast disappoints
Advanced Micro Devices reported record Q3 revenue of $6.8 billio, up 18%. But the shares fell due to a disappointing forecast for Q4.Tech - VentureBeat - October 29 -
FirstFT: Harris calls on America to ‘turn the page’ on Trump
Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after resultsWorld - Financial Times - October 30 -
Meta Reports Record Revenue, Slower Ad Growth
The social media giant is spending billions on artificial intelligence and products for virtual and augmented reality.Tech - The Wall Street Journal - October 31 -
Pinterest stock plunges following weak Q4 revenue guidance
Pinterest reported third-quarter earnings on Thursday that beat on the top and bottom lines.Business - CNBC - November 7 -
Airbus Revenue, Earnings Beat Forecasts
Airbus posted earnings and revenue above analysts’ expectations, highlighting diverging fortunes with Boeing a week after the beleaguered company reported a multibillion-dollar loss.Business - The Wall Street Journal - October 30 -
AMD shares fall as forecast fails to impress despite strong AI growth
AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.Business - CNBC - October 30 -
IBM stock slips on disappointing consulting and infrastructure revenue
IBM's critical software category performed well due to Red Hat's gains, but the consulting and infrastructure segments pulled down overall results.Business - CNBC - October 24 -
Target shares tumble as retailer’s holiday forecast disappoints
US retailer blames muted sales of non-essential items and rising costsWorld - Financial Times - Yesterday -
As AMD starts shifting focus to next year, just how high can AI revenue go?
Bullish expectations for AMD’s AI revenue came down sharply over the course of this year. Some analysts say early estimates for 2025 are already too high.Business - MarketWatch - October 28 -
JetBlue’s stock tumbles as downbeat revenue outlook raises risk of more losses
JetBlue’s stock sinks after Q3 results beat expectations but the Q4 revenue outlook disappointed.Business - MarketWatch - October 29 -
Chipotle misses revenue estimates as same-store sales growth disappoints
Chipotle's same-store sales rose 6% in the third quarter, just missing Wall Street's expectations.Business - CNBC - October 30 -
Microsoft's stock has worst day in two years after disappointing forecast
Microsoft's stock fell more than 6% on Thursday after guidance fell short of analysts' estimates.Business - CNBC - October 31 -
Plug Power disappoints with its forecast but says it’s still making progress
The clean-energy company pointed to improvement in operating cash flow and a narrowing loss, though it also cut its revenue outlook for the full year.Business - MarketWatch - November 12 -
UPS beat on revenue for the first time in 2 years, even as online sales slowed
UPS’s stock jumps toward a three-month high after earnings beat expectations, with revenue topping forecasts for the first time in nine quarters.Business - MarketWatch - October 24 -
Microsoft Shares Slip as Forecast Sparks Concern About AI and Cloud Revenue
The company’s projection points to less growth than anticipated, causing concern about the payoff for its massive AI investment.Business - The Wall Street Journal - October 31 -
AI demand drives growth and higher spending at Amazon’s cloud business
Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarterBusiness - Financial Times - October 31 -
Universal Music Revenue Beats Forecasts Amid Subscriptions Boost
Universal Music Group posted higher revenue after growth from subscriptions and streaming services exceeded analysts’ expectations.Business - The Wall Street Journal - October 31 -
Leonardo Revenue Beats Forecasts, But Blames Boeing's Woes For Not Raising Guidance
Growth was fueled by the defense electronics division as well as data processing for intelligence and cyber security. The company’s helicopters unit continued receiving strong orders, Leonardo said.Business - The Wall Street Journal - November 7 -
Temu Owner PDD Misses Forecasts as Revenue Growth Slows
The Chinese e-commerce company missed sales and profit expectations, highlighting the growing challenges at home and abroad.Business - The Wall Street Journal - 2 hours ago -
Intuit shares drop as quarterly forecast misses estimates due to delayed revenue
While Intuit reiterated its full-year view, the company said promotional changes in the current quarter will have implications for revenue timing.Business - CNBC - 1 hour ago -
Halloween forecasts predict record temperatures in parts of the U.S.
East Coast and southern U.S. states experienced high temperatures this Halloween, with the heat forecast set to break records. CBS News 24/7 anchor Lana Zak reports on the weather and how New ...Top stories - CBS News - October 31 -
Foxconn reiterates forecasts after record profits
Taiwanese contract manufacturer Foxconn on Thursday said it was reiterating its outlook but with better visibility after record earnings and profit.Business - MarketWatch - November 14 -
Thanksgiving Travel Forecasts Hit Record 80 Million
Roads and airports could be jammed this holiday, according to estimates from AAA, which says this year’s total could be the highest ever.Business - Inc. - 3 days ago -
Block reports revenue miss but a slight beat on earnings
Shares of Square parent Block tumbled in extended trading on Thursday after the company reported disappointing revenue for the third quarter.Business - CNBC - November 8 -
Cisco reports fourth straight quarter of declining revenue
Cisco reported better-than-expected results for the latest quarter but revenue continues to shrink.Business - CNBC - November 13 -
Nio’s stock dives as earnings, outlook disappoint despite record deliveries
Nio’s stock drops after quarterly results and revenue outlook disappoint, despite record deliveries.Business - MarketWatch - Yesterday -
Microsoft dips on weak guidance after beating on earnings
Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.Business - CNBC - October 30 -
Fantasy Film Room midseason review: Surprises, disappointments and why RBs matter | Yahoo Fantasy Forecast
It's Thursday and 'Fantasy Film Room' is back with Nate Tice and Matt Harmon. The two dive into our midseason review and reveal their biggest fantasy surprise and disappointment of the 2024 season ...Sports - Yahoo Sports - November 7 -
Forecasters scare up record-high temperatures for Halloween in the Northeast
As record-breaking high temperatures were expected Wednesday, snow blanketed the mountaintops of Hawaii and residents of the Great Plains were bracing for tornadoes.Top stories - ABC News - October 31 -
McDonald’s CEO apologizes for E. coli outbreak, as fast-food giant’s earnings beat estimates
McDonald’s is encouraged by signs of progress in the third quarter.Business - MarketWatch - October 29 -
Uber reports third-quarter results that beat Wall Street's revenue expectations
Uber reported third-quarter results Thursday that beat analysts' expectations for revenue.Business - CNBC - October 31 -
Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimatesTech - ABC News - October 31 -
Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit
The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.Business - The New York Times - October 31 -
Intuitive Machines’ stock skyrockets as third-quarter revenue more than triples and NASA fuels record backlog
The Houston-based company made history earlier this year when its Odysseus lander became the first commercial lander to successfully land on the moon’s surface.Business - MarketWatch - November 14 -
Election Day forecast: Heavy rain, snow, record heat could impact voters
As millions of Americans head to the polls, thunderstorms are forecast from the Great Lakes to the Gulf Coast, with the potential to cause inconveniences to voters.Top stories - ABC News - November 5