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AMD beats on earnings but will take $1.5 billion hit to revenue from chip restrictions to China
AMD's latest quarterly results exceeded forecasts, yet the company anticipates a substantial revenue reduction due to limitations on chip sales to the Chinese market.
Read Full Article →Palantir falls 14% as analysts raise international growth concerns
Despite increased revenue expectations driven by AI demand, Palantir’s stock declined significantly due to analysts expressing doubts about its expansion prospects in global market...
Read Full Article →Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations
Doordash completed a $1.2 billion acquisition of SevenRooms while reporting first-quarter results that fell short of analysts' revenue forecasts, reflecting mixed financial perform...
Read Full Article →Hinge Health says revenue increased 50% in first quarter — still no price range for IPO
Hinge Health reported a substantial rise in first-quarter revenue to $123.8 million, reflecting strong financial growth, although it has yet to disclose a pricing strategy for its...
Read Full Article →Amazon falls short on cloud revenue for third straight quarter
Amazon's ongoing investment in infrastructure to support artificial intelligence models may be crucial for future growth, despite the company's failure to meet cloud revenue expect...
Read Full Article →Block shares plunge 18% as company takes 'cautious stance,' issues weak guidance for year
Block's shares fell by 18% following the company's cautious outlook and disappointing first-quarter revenue, impacting investor confidence and raising concerns about its financial...
Read Full Article →Reddit reports strong sales and issues optimistic guidance
Following a strong revenue report and more favorable projections, Reddit's shares experienced an increase in after-hours trading, indicating positive investor sentiment and confide...
Read Full Article →Airbnb issues disappointing revenue guidance for second quarter
Airbnb's first-quarter results met expectations, but the company's lower-than-anticipated revenue forecast for the upcoming second quarter raises concerns about its financial perfo...
Read Full Article →Amazon’s ad business grew 19% in first quarter, topping estimates
In the first quarter, Amazon's online advertising revenue rose by 19%, surpassing projections and highlighting its growing significance within the digital advertising sector.
Read Full Article →McDonald’s reports largest U.S. same-store sales decline since 2020
McDonald’s experienced its largest decline in same-store sales in the U.S. since 2020, surpassing earnings per share expectations but not meeting revenue targets for the first quar...
Read Full Article →Microsoft shares jump 9% on earnings and revenue beat, uplifting forecast
Microsoft's strong earnings report, driven by better-than-expected growth in its Azure cloud services, led to a significant increase in the company's stock value and an enhanced fi...
Read Full Article →Qualcomm tops estimates but gives light revenue forecast
Qualcomm reported a significant increase in chip sales, achieving $9.47 billion in quarterly revenue, although its projected revenue for the upcoming period fell short of analyst e...
Read Full Article →Meta shares rise on stronger-than-expected revenue for first quarter
Shares of Meta experienced an increase of up to 5% following the company's announcement of revenue figures that exceeded analysts' expectations for the first quarter of the year.
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