The Walt Disney Company (DIS) is coming off a tough week of letting thousands of workers go, and it appears that a new battle awaits them this week. Monday morning, the Central Florida Tourism Oversight Board unanimously voted that they would sue the entertainment company. This is just the latest in an ongoing political [...]
Microsoft (MSFT) issued its fiscal Q3 earnings earlier this week, and as of Friday, the ripples haven’t yet subsided. The company impressed with both a revenue and EPS beat, and has climbed nearly 10% since Tuesday evening when the report went out. Earnings came in at $2.45 per share compared to the estimate of [...]
After 3 consecutive quarters of declining revenue, the Facebook parent company Meta (META) finally turned things around. Wednesday, the company reported a 3% growth in sales that dramatically outperformed analyst expectations. On top of revenue growth, the company saw user growth that outperformed recent quarters. And looking ahead to the next quarter, Zuckerberg is [...]
Tuesday was an exciting day for Alphabet investors - the parent company of Google (GOOGL, GOOG). The company reported first-quarter earnings for the year that beat analyst estimates handily. And, along with this overperformance was the announcement of a $70b stock buyback program. The company exceeded the revenue consensus of $68.96 billion that had [...]
The stock market can be a fickle beast, as evidenced by the recent tumultuous ride of JAKKS Pacific, Inc. (JAKK: Nasdaq). After reaching a record high of $27.87 on September 12, 2022, the stock plummeted to $16.79 on October 28, causing consternation among investors. In the ensuing months, the stock price experienced a series [...]
Fox News (FOX) shook the news world up Monday morning announcing long-standing host Tucker Carlson’s departure from the network. As a result, FOX shares dropped nearly 5% in yesterday’s trading sessions, resulting in a $962 million loss in market value. The company’s press release claims this was a mutual parting, but it’s generally believed [...]
Early Monday morning, Super Micro (SMCI) issued a warning that the company is going to fall short of its fiscal third-quarter revenue forecast. As a result, the company dropped as much as 12% in pre-market trading and now sits 6% lower than it opened at. While Super Micro originally issued a March-quarter revenue guidance [...]
Yesterday, AT&T (T) posted 1st quarter earnings that left much to be desired. While subscriber growth was up, revenue was down - and the market reacted by sending shares down more than 10% in Thursday’s trading session. A key indicator of the telecommunication company’s well-being is postpaid phone plans - a figure representing the [...]
It’s been a tough morning for Elon Musk, as not only did SpaceX Starship fail mid-flight - Tesla’s (TSLA) 1st quarter earnings came in overnight and the response has been anything but positive. The company is in the pits of a profitability battle that resulted in a drop to 11.4% in operating margin. This [...]
Morgan Stanley (MS) joined other investment banking companies in reporting a lackluster first quarter - one that saw a decline in revenue and profit figures. The company fell victim to a steep drop-off in investment banking revenue, as deals dried up amidst a challenging economic environment. Revenue for the quarter fell 2% from this [...]
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