Independent thinking for complex markets and current events
Microsoft-backed (NASDAQ:MSFT) OpenAI is not expected to earn annual profits until 2029, according to company financial documents obtained by The Information. The documents show annual losses could spike as high as $14B in 2026, the report said. The projections showed the company reaching annual revenue of $100B in 2029. OpenAI also expects to spend about …
Costco Wholesale missed market expectations for fourth-quarter revenue on Thursday on cautious spending by budget-conscious customers at its membership-only stores, as well as an impact from lower gasoline prices. Shares of the company were down marginally in volatile extended trading. They have gained about 37% so far this year. While ultra-low prices on groceries and …
The reason the stock is going up has more to do with this than Jensen, in my opinion. If anyone can recall that analysts were upset when Jensen would not give specifics on Q4 Blackwell revenue during the last earnings call. He only said that it would be “billions” in revenue. Now they have a …
CNN using our own tax payer dollars against us. Good thing they are failing and independent media like @RealAlexJones @dbongino @scrowder @rustyrockets are becoming the new media. 👇 pic.twitter.com/NgNISVXiwD — Right MAGA Party (@RightMagaParty) September 17, 2024
ChargePoint, a leading electric vehicle-charging company in the Bay Area, has announced layoffs affecting 15% of its workforce, approximately 250 employees, in its second round of cuts this year. The announcement was made during the company’s second-quarter earnings call last week. “Today, we have implemented an action plan to create efficiencies while reducing operating expenses,” …
Most Compass agents in California/NY pay more than 18% to the company There must be some accounting magic in there to get those numbers 😂 But yeah, brokerage has low margins. Hiring agents w/ their own clients is basically a break-even business. Generating leads & charging… — Nick El-Tawil (@tawillionaire) September 5, 2024
(Reuters) -China’s PDD Holdings missed market estimates for quarterly revenue on Monday, as reduced consumer spending dented business at its domestic e-commerce platform Pinduoduo, sending the company’s shares down more than 25% in early trade. A fragile economy, persistent weakness in the property sector and high unemployment rates, have led Chinese consumers to cut back …
RIGHT NOW, STOCKS ARE BAKED FOR PERFECTION: ONE WRONG MOVE AND YOU'RE TOAST! — Genevieve Roch-Decter, CFA (@GRDecter) August 8, 2024
McDonald’s missed second-quarter earnings and revenue estimates. The company’s same-store sales fell for the first time since the fourth quarter of 2020. McDonald’s is leaning on value meals to bring back customers as it deals with a worsening consumer pullback. McDonald’s on Monday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales …
Financials Bullishness pic.twitter.com/6tEnWECJJ6 — Win Smart, CFA (@WinfieldSmart) July 25, 2024 S&P 500's earnings beat rate is still healthy at nearly 79%, but the revenue beat rate is currently at its lowest since the fourth quarter of 2016 pic.twitter.com/7QmvLufdG1 — Win Smart, CFA (@WinfieldSmart) July 25, 2024 https://twitter.com/MichaelAArouet/status/1816441931850797083 The streak of days without a 2% …
Massachusetts faces the risk of losing nearly $1 billion in annual tax revenue by 2030 due to high taxes and housing costs driving wealthy residents to relocate. The pandemic accelerated migration out of Massachusetts to other U.S. states, facilitated by the rise of remote work, making it feasible for people to live farther from their offices. According to a study …
Canada has ordered large online streaming services to pay 5 percent of their Canadian revenue to the government in a program expected to raise $200 million per year to support local news and other home-grown content. The Canadian Radio-television and Telecommunications Commission (CRTC) announced its decision yesterday after a public comment period. “Based on the …
Revenue Declined Y/Y Price to sales ratio: 12.43x Negative margins for 5 years straight 40.25% of their revenue comes from Data centers Yet, net revenue is down since 2022. Flat since 2021 60B market cap 1B in Revenue Negative cash flow https://twitter.com/ClaytonS537144/status/1797312636352451013 https://twitter.com/ClaytonS537144/status/1797318530872025551
Salesforce shares plummeted 16% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations. Here’s how the company did, compared with the LSEG consensus: Earnings: $2.44 per share, adjusted, vs. $2.38 per share expected Revenue: $9.13 billion, vs. $9.17 billion expected Salesforce called for …
Nvidia’s recent financial performance, exceeding expectations and raising guidance, has raised eyebrows due to its resemblance to revenue inflation tactics seen during the dot-com bubble. Company A buys GPUs from Nvidia. Nvidia buys cloud computing credits from Company A. Both companies report these transactions as revenue. Commitments to cloud computing services have surged, doubling to …
In a bold move towards fiscal adaptation, California pioneers a controversial car tracking initiative to plug the budgetary holes left by waning gas tax revenues. As the state braces for an electric future, the debate over privacy versus necessity reaches a critical juncture. Key points: California pilots “road charge” to replace declining gas tax revenue. …
Revenues rose by nearly $4 billion sequentially. AR rose by less than $2.4 billion. — funwithnumberz (@funwithnumberz) May 22, 2024 Accounts receivable represent the money owed to Nvidia by its customers for products or services that have been delivered but NOT yet paid for. An increase in accounts receivable indicates that while Nvidia has made …
Hong Kong’s tax revenue fell by HK$18.2 billion (US$2.3 billion) to HK$342 billion in the last financial year amid a slump in the stock and property markets, but authorities have said income is set to rebound as curbs on buying flats have been scrapped. Commissioner of Inland Revenue Tam Tai-pang said on Thursday he expected …
Amazon shares rose in extended trading on Tuesday after the company reported better-than-expected revenue and earnings. Here’s how the company did: Earnings per share: 98 cents vs. 83 cents expected by LSEG Revenue: $143.3 billion vs. $142.5 billion expected by LSEG Wall Street is also watching several other numbers in the report: Amazon Web Services: …
Cloud services revenue rose 28% to $900 million in quarter Company announces 20-cent dividend, $70 billion share buyback Alphabet Inc. reported first-quarter revenue that exceeded analysts’ expectations, buoyed by growth in its cloud computing unit. The Google parent generated sales, excluding partner payouts, of $67.6 billion for the three months that ended on March 31, …
Texas Instruments faces a grim reality as first-quarter results reveal a stark 16% revenue drop, extending a troubling trend over six consecutive quarters. Despite high hopes pinned on the AI boom and economic growth, the company grapples with persistent declines, prompting skepticism and scrutiny from analysts. Amidst growing concerns, the narrative shifts to confront uncomfortable …
Adobe shares closed down nearly 14% on Friday after the company reported first-quarter results that beat estimates but delivered a light quarterly revenue forecast. The move marked the stock’s steepest decline since Sept. 15, 2022, when shares closed down 16.8%. The design software company posted adjusted earnings per share of $4.48, above the $4.38 analysts …
INTC has been touted as the “value” play out of the semi-conductor industry as companies like NVDA and AMD are trading at insane valuations… but when does “insane” become reality? NVDA is growing into it’s valuation at an incredible pace. INTC: 10-year revenue growth of 20% (total). NVDA: 10-year revenue growth of 1,900%. Chart from ChartWiz.io …
PayPal Holdings, Inc. is a great company and their stock price reflects that. They are a leader in the online payment space and have shown consistent growth over the years. Their revenue for the most recent quarter was impressive and I expect them to continue to perform well going forward. Disclaimer: This information is …
https://www.cnbc.com/2023/11/14/apple-gets-36percent-of-google-search-revenue-from-safari-alphabet-witness.html Google pays Apple more than a third of its search advertising revenue from Safari under the terms of the two companies’ search default agreement, an Alphabet witness said in open court Monday. The 36% figure, which was not previously known to the public, is one of the clearest indications of how lucrative Google’s search …
GLADSTONE, NJ —Massive layoffs will soon be underway as Pfizer will be cutting nearly 800 people from its Gladstone location in the coming new year. Pfizer will lay off 791 employees on Feb. 12, 2024, from its Somerset County corporate office, according to a Worker Adjustment and Retraining Notification(WARN) Notice shared by the New Jersey …
Tesla reported third-quarter results after the bell Wednesday. The company’s shares rose as much as 2.4% in extended trading after the report crossed, but then sank more than 4% after CEO Elon Musk cautioned that the Cybertruck would not deliver significant positive cashflow for 12 to 18 months after production begins, and emphasized that the …
Nvidia reports 88% jump in revenue and tops estimates, driven by demand for AI chips https://www.cnbc.com/2023/08/23/nvidia-nvda-earnings-report-q2-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard Nvidia reported second-quarter earnings that beat elevated expectations for earnings and revenue, and provided guidance for the current quarter that was significantly higher than expected. Shares rose 9% in extended trading. Earnings: $2.70 a share, adjusted, versus $2.09 per share …
