Tag GOOGL
Shares of pharmaceutical company AbbVie (NYSE:ABBV) fell 3.9% in the afternoon session after the company reported third-quarter results that were overshadowed by a steep drop in profitability and a reduced earnings forecast for the full year. Although AbbVie's quarterly revenue of $15.78 billion and adjusted earnings per share (EPS) of $1.86 both surpassed Wall Street's estimates, investors focused on underlying weaknesses. The company's operating margin fell sharply to 12.1% from 26.5% a year a...
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The company laid out $12.7 billion in capital expenditures in the entire year, far from the amounts companies such as Meta Platforms, Alphabet, and Microsoft have spent...
Continue ReadingApple’s iPhone 17 lineup is turning out to be a decent seller. Investors are weighing both factors in the wake of Apple’s fiscal fourth quarter report late Thursday. Apple used the report to project better-than-expected iPhone revenue for its first quarter that ends in December...
Continue ReadingFor many tasks in corporate America, it’s not the biggest and smartest AI models, but the smaller, more simplistic ones that are winning the day...
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STORY: Amazon shares soared in early trading Friday after it reported strong growth at its cloud unit.That, and a bullish sales outlook, eased fears that the tech giant was falling behind rivals in the AI race. Revenue at Amazon Web Services - the hub of the company's recent AI investments - rose 20% in the third quarter. Competing services Microsoft Azure saw revenue increase by 40% while Google Cloud’s rose by 34%. But AWS's sheer scale magnifies its growth impact.Its $33 billion cloud revenue is more than double that of Google's $15.16 billion.:: AmazonWall Street cheered AWS's comeback, with analysts noting the earnings marked a potential turning point for Amazon.Investors expected an AWS boost later than this - in either Q4 or early next year. Until Friday's stock surge, Amazon shares had risen just 1.6% so far this year due to market share worries and a lack of solid AI updates.It marked the company out as the worst performer in the "Magnificent Seven" group of tech giants.Friday's gains, however, are helping pull Amazon out of that position and overtake Tesla and Apple...
Continue ReadingReddit shares surged Friday after the social media platform posted better-than-expected earnings and an upbeat outlook as its users jumped...
Continue ReadingNvidia stock was rising on Friday after Amazon confirmed its capital expenditure plans and delivered robust quarterly earnings. Nvidia this week became the first company to reach $5 trillion in market capitalization. Is Nvidia stock a buy or sell now?...
Continue ReadingSix of the "Magnificent 7" tech giants have reported their latest quarterly earnings and the results have received a mixed response from investors...
Continue ReadingDisney (DIS) is pulling ESPN, ABC, and other content from Alphabet's (GOOG, GOOGL) YouTube TV after the two companies failed to reach a new distribution agreement. Yahoo Finance Senior Reporter Allie Canal joins Morning Brief host Julie Hyman to break down the details. To watch more expert insights and analysis on the latest market action, check out more Morning Brief...
Continue ReadingThe stock market had strong weekly gains after huge earnings, the latest Federal Reserve move and a Trump-Xi meeting...
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