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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's Brad Erickson on Alphabet earnings, what to expect from Meta and AmazonBrad Erickson, RBC Capital Markets senior analyst for internet services, joins 'Squawk Box' to discuss Alphabet's quarterly earnings results, state of the AI technology race, what to expect from Amazon and Meta's earnings, and more.
Persons: Brad Erickson Organizations: Meta, RBC Capital Markets
Carvana's recent rally may be reaching its end, according to Piper Sandler. The company's shares rose more than 20% this week after Carvana announced better-than-expected second quarter results and an agreement to restructure approximately $5.2 billion in debt on Wednesday. However, Piper Sandler's long-term outlook on the company's share in the used vehicle market remains unchanged. Analyst Alexander Potter downgraded shares to neutral from overweight. "Chasing the stock higher would necessitate an upward revision to CVNA's long-term used vehicle market share expectations, which we do not believe recent results substantiate," Potter added.
Persons: Piper Sandler, Carvana, Piper Sandler's, Alexander Potter, Potter, RBC's Brad Erickson, , Michael Bloom
Amazon to report quarterly results after market close
  + stars: | 2023-02-02 | by ( Annie Palmer | ) www.cnbc.com   time to read: +3 min
Amazon will report fourth-quarter earnings after the market close on Thursday. The company warned in its most recent earnings report that fourth-quarter revenue would rise just 2% to 8% from a year earlier. Amazon Web Services is expected to show slowing growth during the fourth quarter as businesses softened their spending in an effort to cut costs. One bright spot could be Amazon's advertising business, which is expected to post solid revenue growth during the quarter. Apple and Alphabet also report results after the bell on Thursday, wrapping up earnings season among the highest-valued tech companies.
RBC's Brad Erickson breaks down big tech
  + stars: | 2023-01-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's Brad Erickson breaks down big techRBC analyst Brad Erickson joins 'TechCheck' to break down big tech, his outlook on tech earnings next week, and cloud growth.
Amazon layoff numbers could increase, says RBC's Brad Erickson
  + stars: | 2022-11-16 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon layoff numbers could increase, says RBC's Brad EricksonRBC's Brad Erickson joins 'TechCheck' to discuss Amazon's latest announcement regarding layoffs, the concerns about ad budgets in 2023 and the e-commerce expansion/contraction fueled by Covid-19.
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