Facebook shares rise 4% after earnings beat estimates

2019-10-30

Shares of Facebook Inc. jumped 4% in after-hours trading Wednesday after the company announced third-quarter results that soundly beat analysts’ earnings estimates and topped revenue forecasts. The Menlo Park, Calif.-based company FB, -0.56% reported third-quarter net income of $6.09 billion, or $2.12 a share, in the quarter, compared with $5.14Read More →

AMD gets mixed reviews as stock falls after earnings

2019-10-30

AMD’s latest earnings didn’t do much to change minds, as bulls cheered momentum in new product lines while those on the sidelines expressed concern about margins. Shares of AMD AMD, -2.03%  were off 1.8% on Wednesday after the company posted results in line with expectations while coming up a bitRead More →

Alphabet earnings miss estimates, driving down shares 2%

2019-10-28

Alphabet Inc., the parent company of Google, reported a third-quarter earnings miss that sent its stock down 2% in after-hours trading on Monday. The Mountain View, Calif.-based company GOOGL, +1.95% GOOG, +1.97%  reported net income of $7.07 billion, or $10.12 a share, compared with $13.06 a share in the year-agoRead More →

HSBC results cast pall over Europe stocks

2019-10-28

Downbeat results from bank HSBC Holdings cast a pall over European stocks on Monday, as equities on the continent retreated from multi-month highs. After finishing Friday at its highest level since January 29, 2018, the Stoxx Europe 600 SXXP, -0.11% declined 0.13% to 397.48. The German DAX DAX, +0.24%  roseRead More →

U.S.-China trade talks ice movement in European stocks

2019-10-10

European stocks struggled for direction on Thursday ahead of high level talks between U.S. and Chinese negotiators as the impact of the trade war hit one major exporter. The Stoxx Europe 600 SXXP, -0.01%  increased 0.04% to 380.45. The German DAX DAX, +0.21%  increased 0.27% to 12126.46, the French CACRead More →

Facebook’s Zuckerberg says he would ‘go to the mat’ over ‘existential’ threat to his business from Elizabeth Warren

2019-10-02

Facebook CEO Mark Zuckerberg says he would “go to the mat” and “fight” against Democratic presidential candidate Sen. Elizabeth Warren who has threatened to break up his social-media empire. Read: Billionaire investor on Elizabeth Warren as president: Market might not even open On Tuesday, The Verge published text and leakedRead More →

Slack shares plunge 15% on weak earnings guidance

2019-09-04

Slack Technologies Inc.’s first earnings report as a public company landed with a thud on Wednesday, pushing its already-depressed shares down 15% in after-hours trading. The workplace-communications company reported second-quarter results that exceeded Wall Street estimates but forecast a slightly larger-than-expected loss for its current quarter, renewing concerns about itsRead More →