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Top related persons:
Derek Andersen - 1 Evan Spiegel - 1 Sundar Pichai - 1
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Search resuls for: "Ashley Capoot Ari Levy"


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☆ Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
  + stars: | 2024-04-26 | by ( Ashley Capoot Ari Levy | Ashley Capoot | In | ) www.cnbc.com   time to read: +3 min
Snap shares surged 28% on Friday after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts' estimates. The company reported adjusted earnings per share of 3 cents, while analysts were expecting a 5-cent loss. Snap said adjusted EBITDA "exceeded our expectations" and was primarily driven by operating expense discipline, as well as accelerating revenue growth. Snap reported more than 9 million Snapchat+ subscribers for the period. For the second quarter, Snap expects to report revenue between $1.23 billion and $1.26 billion, up from the $1.22 billion expected by analysts, according to StreetAccount.
Persons: Derek Andersen, Evan Spiegel Organizations: Barker, Revenue, Snapchat, Meta Locations: Santa Monica , California
☆ Wall Street punishes Alphabet and Microsoft despite earnings beats after stocks hit record
  + stars: | 2024-01-30 | by ( Ashley Capoot Ari Levy | Ashley Capoot | In | ) www.cnbc.com   time to read: +1 min
That's Wall Street's reaction to quarterly results on Tuesday from Alphabet and Microsoft . Both companies reported revenue and earnings that exceeded estimates, yet the stocks sold off in extended trading. Alphabet on Tuesday reported 13% revenue growth, the fastest rate of expansion since early 2022. Revenue at Microsoft increased 18% to $62.02 billion, topping the $61.12 billion average analyst estimate. Both companies also beat expectations in their cloud businesses, with Google Cloud reporting 25% growth and Microsoft's larger Azure and other cloud services expanding by 30%.
Persons: Sundar Pichai Organizations: Americas, U.S . Chamber, Commerce, Microsoft, Apple, Google Locations: Los Angeles , California
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