DIRS.INFO The most relevant business & tech news

☆ Meta to report second-quarter earnings after the bell
▼ + stars: | 2023-07-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Meta will report second-quarter earnings after market close on Wednesday. Here are the key numbers to watch:Earnings: $2.91 per share expected, according to Refinitiv$2.91 per share expected, according to Refinitiv Revenue: $31.12 billion expected, according to Refinitiv$31.12 billion expected, according to Refinitiv Daily Active Users (DAUs): 2.04 billion expected, according to StreetAccount. 2.04 billion expected, according to StreetAccount. Monthly Active Users (MAUs): 3 billion expected, according to StreetAccount. 3 billion expected, according to StreetAccount.

Persons: Mark Zuckerberg, Meta, Mark, Meta's, William Blair, Brad Erickson Organizations: Meta, Inc, Refinitiv Revenue, RBC Capital Markets, CNBC, Company Locations: San Jose , California, Ukraine

☆ Stocks making the biggest moves midday: Morgan Stanley, Bank of America, Charles Schwab and more
▼ + stars: | 2023-07-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Morgan Stanley — Shares of the James Gorman-led bank jumped more than 6% after the firm posted second-quarter earnings and revenue that topped analysts' expectations. Bank of America – Bank of America shares rose nearly 4% after the company reported second-quarter financial results. Bank of New York Mellon — Shares rose more than 4% after Bank of New York Mellon reported second-quarter revenue and profit that beat Wall Street's expectations. PNC Financial — Shares gained 2.6% after PNC Financial reported second-quarter earnings that topped Wall Street's earnings expectations but came in slightly short on revenue. The Swiss pharmaceutical firm reported second-quarter earnings that topped estimates, according to StreetAccount.

Persons: Charles Schwab, Morgan Stanley —, James Gorman, Morgan Stanley's, Refinitiv, PacWest, Bernstein, UnitedHealth, Pinterest, intraday, Masimo preannounced, Stifel, Lockheed Martin, Macheel, Sarah Min, Yun Li, Alex Harring, Michelle Fox Organizations: Bank of America – Bank of America, Regional Banking, Western Alliance, FB Financial, Verizon, AT, Bank of New York Mellon, PNC, PNC Financial, Novartis — U.S, Novartis, Sandoz, Masimo, Lockheed Locations: San Francisco , California, Swiss, FactSet

☆ Snowflake shares plunge 12% on guidance miss, acquisition of search startup Neeva
▼ + stars: | 2023-05-24 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

The bulk of Snowflake sales come from product revenue, which expanded 50% year over year. Product revenue accounts for use of Snowflake's software for storing and running queries on data stored in its system. Snowflake said it anticipates product revenue will be between $620 million and $625 million in the fiscal second quarter. For the 2024 fiscal year, Snowflake called for product revenue of $2.6 billion. Snowflake also announced it plans to acquire Neeva, the privacy-focused search company co-founded by former Google executive Sridhar Ramaswamy.

Persons: Snowflake, Sridhar Ramaswamy, Benoit Dageville, Snowflake's, Dageville, CNBC's Ashley Capoot Organizations: New York Stock Exchange, Refinitiv Revenue Locations: Tues, Snowflake

☆ Palantir soars 25% on earnings beat and prediction of full-year profitability
▼ + stars: | 2023-05-08 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts' estimates and said it expects to be profitable through the end of the year. The software company, which is known for its work with the government, said its US commercial customer count increased 50% year over year, growing from 103 customers to 155. Last quarter, Palantir marked its first ever quarter of positive net income on a GAAP basis, at $31 million. Palantir said it expects to report between $528 million and $532 million in revenue during its second quarter, and between $2.19 billion and $2.24 billion for the full year. Karp added that artificial intelligence presents "real" risks, so he said Palantir's software is designed with human involvement and oversight in mind.

☆ Lyft shares plunge 15% on weak second-quarter guidance
▼ + stars: | 2023-05-04 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Lyft shares dropped nearly 15% in extended trading on Thursday after the ride-hailing company issued a weaker-than-expected forecast for the second quarter. Lyft said it expects second-quarter sales of approximately $1.0 billion to $1.02 billion, while analysts were projecting $1.08 billion, according to Refinitiv. Adjusted earnings before interest, taxation, depreciation and amortization will be $20 million to $30 million, the company said. "We're improving our rideshare service and are thrilled with the early results," Lyft CEO David Risher said in a statement. Prior to the after-hours decline, Lyft shares had lost half their value in the past year.

☆ Apple set to report quarterly earnings after the bell
▼ + stars: | 2023-05-04 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple is scheduled to report fiscal second-quarter results after the close of regular trading on Thursday. Here's what analysts are expecting:EPS: $1.43 per share, according to Refinitiv$1.43 per share, according to Refinitiv Revenue: $92.96 billion, according to RefinitivRevenue is expected to decrease 4.4% from $97.28 billion in the same quarter a year ago. The information it provided earlier this year suggested that sales would drop for a second straight quarter by roughly 5%. In the first quarter, PC shipments decreased almost 30%, according to IDC, while smartphone shipments were off 14%. Apple's report wraps up earnings season for tech's mega-cap companies, after Alphabet , Amazon , Meta and Microsoft all issued results last week.

Amazon is scheduled to report first-quarter earnings after market close Thursday. Last quarter, Amazon Web Services missed estimates, growing 20% in the period, down from 27.5% in the third quarter. They said AWS growth is likely to come in at 13% in the first quarter. Amazon is also contending with decelerating growth in its core retail segment. Even amid the cost cuts, Jassy said Amazon is investing in areas like grocery, health care, its Kuiper internet satellite service and generative artificial intelligence.

☆ DoorDash stock pops after revenue beat, rosy guidance
▼ + stars: | 2023-02-16 | by ( Annie Palmer | ) www.cnbc.com time to read: +1 min

A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Shares of DoorDash jumped as much as 6% in extended trading Thursday after the food delivery company reported better-than-expected sales for the fourth quarter and gave upbeat guidance for the current period. For the current quarter, DoorDash said it expects marketplace gross order volume to be between $15.1 billion and $15.5 billion. DoorDash said in the quarterly earnings report that its president and COO Christopher Payne will retire from the company. Payne will be succeeded by DoorDash CFO Prabir Adarkar, who will take over the COO role effective March 1.

☆ Zillow stock up following fourth-quarter earnings
▼ + stars: | 2023-02-15 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Shares of Zillow popped more than 3% Wednesday in extended trading after the company released fourth-quarter earnings that beat analysts' expectations on top and bottom lines. The company's Internet, Media and Technology segment's revenue came in at $417 million, a decline of 14% year over year. That segment, which represents the bulk of the company's business, includes various services for agents and consumers. Traffic to Zillow's mobile apps and websites reached 198 million average monthly unique users for the fourth quarter, flat year over year. The company will hold its quarterly call with investors at 5 p.m.

☆ Shares of Palantir pop 19% as it reports first profitable quarter
▼ + stars: | 2023-02-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Shares of Palantir popped more than 19% in extended trading Monday after the company released fourth-quarter earnings that beat analysts' estimates on top and bottom lines. Palantir's revenue for the quarter increased 18% year over year, and its U.S. commercial revenue grew 12%. The company also reported its first ever quarter of positive net income on a GAAP basis, at $31 million. Palantir said it expects to report between $503 million and $507 million in revenue during its first quarter, and between 2.18 billion and 2.23 billion for the full year. In 2018, Palantir generated a total of $38 million from its commercial U.S. business, but as of 2022, it generated $335 million, Karp said.

☆ Meta set to report fourth-quarter earnings after the bell
▼ + stars: | 2023-02-01 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. Meta reports fourth-quarter earnings on Wednesday as the company tries to reverse a slide that pushed the stock down by 64% last year. The company also said its "internal forecast" assumes a revenue drop in the first quarter of between 2% and 10%. Alphabet and Amazon will wrap up earnings reports from the major online ad platforms on Thursday, followed by Pinterest next week. Meta said last quarter that "Reality Labs operating losses in 2023 will grow significantly year-over-year."

☆ Spotify shares pop after earnings show strong user growth
▼ + stars: | 2023-01-31 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

People exit the Spotify headquarters building in Lower Manhattan on January 23, 2023 in New York City. Spotify shares popped as much as 10% in premarket trading Tuesday after the company reported fourth-quarter earnings that beat analysts' expectations for revenue and showed strong user growth. There were 33 million net additions to monthly active users during the quarter, marking a record high for the company. Spotify also reported 205 million paid subscribers, up 14% from a year ago. In its third-quarter report, Spotify said it expected to add approximately 23 million new monthly active users in Q4, bringing its total to 479 million.

☆ Snowflake shares tumble on light product revenue guidance
▼ + stars: | 2022-11-30 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

To honor the occasion, Snowflake the bear, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. Shares of the cloud data platform provider Snowflake fell more than 13% in extended trading on Wednesday after the company released third-quarter results that beat estimates but offered light product revenue guidance. The largest part of revenue, product revenue, also grew 67% year over year to $523 million. Product revenue is a key metric for Snowflake since it recognizes revenue based on platform consumption. Snowflake said it anticipates product revenue will be between $535 million and $540 million in its fourth quarter, short of the $553 million expected by analysts estimates according to StreetAccount.

☆ CrowdStrike shares tumble on weaker-than-expected growth in new revenue
▼ + stars: | 2022-11-29 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

CrowdStrike shares plunged 18% in extended trading on Tuesday after the cybersecurity company reported third-quarter results that top estimates but said new revenue growth was weaker than expected. More than $198 million was net new ARR added in the quarter, which ended Oct. 31. The company also added 1,460 net new subscription customers for the quarter. Last year, CrowdStrike's ARR increased by more than 67% in the third quarter, and the company added 1,607 net new subscription customers for that same period. Prior to the after-hours move, shares of CrowdStrike were down more than 32% so far this year.

☆ Cisco shares pop on earnings beat and increased 2023 forecast
▼ + stars: | 2022-11-16 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Cisco reported fiscal first-quarter results on Wednesday that beat analysts' estimates and boosted its guidance for fiscal 2023. Here's how the company did:Earnings per share: 86 cents vs. 84 cents expected , according to Refinitiv86 cents vs. 84 cents expected according to Refinitiv Revenue: $13.6 billion vs. $13.3 billion expected by analysts, according to RefinitivRevenue increased 6% year over year, while net income slid 10% to $2.7 billion. The company now expects sales growth in fiscal 2023 of 4.5% to 6.5%, up from a prior forecast that called for growth of 4% to 6%. Cisco's top business segment, which includes data-center networking switches, delivered $6.68 billion in revenue, up 12% from a year earlier. Sales in the Collaboration segment, which features Webex, contributed $1.1 billion in revenue, down 2% year over year.

☆ Roblox shares sink after reporting bigger loss than expected
▼ + stars: | 2022-11-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. Shares of Roblox fell more than 15% in premarket trading Wednesday after the company reported a third-quarter loss but beat analyst estimates for bookings revenue. Here's how the company did:Loss per share: 50 cent loss vs. 35 cent loss per share expected, according to Refinitiv50 cent loss vs. 35 cent loss per share expected, according to Refinitiv Revenue (bookings): $702 million vs. $686 million expected, according to RefinitivThe revenue figure is what Roblox calls bookings, which include sales recognized during the quarter and deferred revenue. Roblox said average bookings per daily active user was $11.94, down 11% year over year. The company saw bookings swell more than 200% during the pandemic when kids were spending more time on their screens while stuck at home.

☆ Lyft shares fall after disappointing revenue, active rider miss
▼ + stars: | 2022-11-08 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

Shares of Lyft plunged more than 19% in early trading Tuesday, a day after the company reported worse-than-expected revenue for the third quarter, and active riders missed analysts' estimates. Lyft had 22.9 million active riders in the fourth quarter of 2019, for example. Revenue of $1.05 billion also came in below analysts' expected $1.06 billion. For the current quarter, Lyft said it expects to report revenue between $1.15 billion and $1.17 billion, which is in line with consensus estimates of $1.16 billion, according to StreetAccount. WATCH: Lyft beats EPS but misses on revenue and active riders

☆ DoorDash stock surges after sales beat expectations
▼ + stars: | 2022-11-03 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

However, its net loss widened to $295 million, or a loss of 77 cents per share. It reported a net loss of $101 million, or a loss of 30 cents per share, in the year-ago period. For the current quarter, it forecast gross order value to be between $13.9 billion and $14.2 billion, which is higher than consensus estimates of $13.73 billion, according to StreetAccount. That's also an increase from the third quarter, when gross order value jumped 30% year-over-year to $13.5 billion. Gross order value measures how much users are spending on orders and subscription fees.

☆ Meta shares drop 12% on weak fourth-quarter forecast and earnings miss
▼ + stars: | 2022-10-26 | by ( Jonathan Vanian | Jonathan Vanian Is A Technology Reporter For Cnbc.Com | ) www.nbcnews.com time to read: +2 min

Meta shares plummeted in extended trading on Wednesday after Facebook’s parent issued a weak forecast for the fourth quarter and came up well short of Wall Street’s expectations for earnings. Meta is contending with a broad slowdown in online ad spending, challenges from Apple’s iOS privacy update and increased competition from TikTok. Add it up, and Meta is expected to post its third straight quarter of declining sales for the year. The company said revenue for the fourth quarter will be $30 billion to $32.5 billion. Meta earnings summary Earnings per share (EPS): $1.64 vs $1.89 expected, according to Refinitiv$1.64 vs $1.89 expected, according to Refinitiv Revenue : $27.71 billion vs. $27.38 billion expected, according to Refinitiv: $27.71 billion vs. $27.38 billion expected, according to Refinitiv Daily Active Users (DAUs) : 1.98 billion vs 1.98 billion expected, according to StreetAccount: 1.98 billion vs 1.98 billion expected, according to StreetAccount Monthly Active Users (MAUs) : 2.96 billion vs 2.94 billion expected, according to StreetAccount: 2.96 billion vs 2.94 billion expected, according to StreetAccount Average Revenue per User (ARPU): $9.41 vs. $9.83 expected, according to StreetAccountThe Facebook parent’s operating margin, or the profits left after accounting for costs to run the business, sank to 20% from 36% a year earlier.

☆ Facebook parent Meta reports third-quarter earnings after the bell Wednesday
▼ + stars: | 2022-10-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Meta reports third-quarter earnings on Wednesday after the bell. Add it up, and Meta is expected to post its second straight quarter of declining sales. Meta is trying to make Reels more attractive to advertisers and has announced new ad formats intended to give businesses enhanced options for promoting their products through short videos. Most concerning are the user figures in the U.S. and Canada, its biggest region for revenue. In the second quarter of 2022, Meta counted 197 million daily active users in those two North American countries, down from 198 million in the same quarter in 2020.

☆ Spotify shares dip after third-quarter earnings report
▼ + stars: | 2022-10-25 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Spotify shares fell about 7% after hours on Tuesday after the streaming giant reported third-quarter 2022 losses that were worse than expectations. In its second-quarter report, Spotify had said it expected to add approximately 17 million new monthly active users in the third quarter, bringing its total to 450 million. It had also expected its revenue to increase to 3 billion euros and to post 194 million paid subscribers in the quarter. Spotify introduced podcasts in 2015, and it is now home to more than 4.7 million of them, according to the report. Spotify will hold its quarterly earnings call with investors at 4:30 P.M. EST.

☆ Elon Musk addresses Twitter takeover, possible recession on Tesla earnings call
▼ + stars: | 2022-10-19 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Tesla reported third-quarter earnings after the bell, and executives addressed a broad range of questions during the earnings call, including macroeconomic concerns and CEO Elon Musk's pending takeover of Twitter. Earnings: $1.05 vs 99 cents per share (adjusted) expected, based on analysts polled by Refinitiv$1.05 vs 99 cents per share (adjusted) expected, based on analysts polled by Refinitiv Revenue: $21.45 billion vs $21.96 billion expected, per Refinitiv. On an earnings call on Wednesday to discuss the results, Musk answered shareholder questions about electric vehicle demand and a possible share buyback. Tesla is likely to do a "meaningful buyback" next year, he added, potentially between $5 billion and $10 billion pending board approval. Musk is expected to sell a portion of his considerable shares in Tesla to help finance the close of that $44 billion take private deal.

Search resuls for: "Refinitiv Revenue"

22 mentions found