ADVFN US – Market Content Editor
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Alphabet 4Q23: Profit Rises, But Shares Fall Due To Advertising Revenue Below Expectations
Alphabet (NASDAQ:GOOGL) shares experienced a drop of up to 6% in pre-market trading on Wednesday (31), after the company released fourth-quarter results. While it posted earnings per share of $1.64, beating LSEG (formerly Refinitiv) expectations, and revenue of $86.31 billion, slightly above estimates, advertising revenue of $65.52 billion was below expectations. YouTube, which has been…
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Microsoft beats expectations with strong AI-driven growth in Q3 results
At the end of trading on Tuesday (30), Microsoft (NASDAQ:MSFT) presented fiscal third-quarter results for December, surpassing Wall Street estimates and demonstrating significant progress in its artificial intelligence (AI) strategy. The company reported total revenue of $62 billion, beating estimates by about $1 billion. Earnings per share were $2.93, above analyst expectations of $2.76 per…
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AMD: EPS up 12% in Q4
AMD – Advanced Micro Devices (NASDAQ:AMD) on Tuesday evening reported fourth-quarter 2023 adjusted EPS (non-GAAP) up 12% to 77 cents and adjusted gross margin stable at 51%, on revenues up 10% to 6.17 billion. “We ended 2023 on a strong note, thanks to record quarterly sales of AMD Instinct GPUs and EPYC CPUs, as well…
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U.S. Futures Waver Ahead of Fed Decision Amid Mixed Corporate Earnings; Oil Prices Slide
U.S. futures are mixed in Wednesday’s pre-market ahead of the Federal Reserve announcement, with expectations focused on interest rate maintenance and future monetary policy guidance by Jerome Powell. Meanwhile, Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) are experiencing declines following mixed results. As of 05:37 AM, Dow Jones futures (DOWI:DJI) rose by 25 points, or 0.06%. S&P…
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Walmart’s Stock Split, Elon Musk’s Billion-Dollar Package Revoked, and More
Walmart (NYSE:WMT) – Walmart announced a 3-for-1 stock split as part of its review of trading levels and spread. This will increase the shares in circulation to approximately 8.1 billion, with distribution after the close on February 23. Tesla (NASDAQ:TSLA) – Elon Musk’s $55 billion compensation package at Tesla Inc. was voided by a Delaware…
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Dow Reaches New Record High But Nasdaq Gives Back Ground
After ending Monday’s session firmly in positive territory, the major U.S. stock indexes turned in a mixed performance during trading on Tuesday. While the tech-heavy Nasdaq showed a notable pullback, the Dow climbed to a new record closing high. The Dow ended the day up 133.86 points or 0.4 percent at 38,467.31, while the Nasdaq…
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Crypto: Abracadabra Finance Assets Affected by Hack, Invesco and Galaxy Reduce Fees, and More
Jump in Solana’s transaction volume in January The Solana blockchain witnessed a significant increase in transaction volume in January, reaching $951.9 billion, a 30% growth compared to December’s volume. This surge marks a significant recovery in network activity, surpassing the levels of 2022 and 2023 by a wide margin. Contributing to this wave, the value…
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General Motors Records Annual Profit Growth And Is Optimistic For The Financial Future; Stocks Soar
General Motors (NYSE:GM) announced a 5.2% increase in its fourth-quarter net income, reaching $2.1 billion compared to the previous year. During the period from October to December, the North American car manufacturer recorded revenues of US$42.9 billion, a slight reduction of 0.3% compared to the same quarter in 2022. Mary Barra, CEO of GM, expressed…
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Pfizer records a loss of US$3.36 billion in the last quarter, but remains optimistic for 2024
In the last quarter, Pfizer (NYSE:PFE) reported a loss of $3.36 billion, contrasting with the previous year’s gain of $4.99 billion. During the October-December period, the pharmaceutical company brought in $14.2 billion in revenue, representing a 41% decrease compared to the same quarter in 2022. Albert Bourla, CEO of Pfizer, expressed delight with the solid…
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Home Prices, Consumer Confidence and Job Openings Reports Due
Standard & Poor’s is scheduled to release its report on home prices in major metropolitan areas in the month of November at 9 am ET. At 10 am ET, the Conference Board is due to release its report on consumer confidence in the month of January. The consumer confidence index is expected to rise to…