Google parent Alphabet (GOOG, GOOGL) rose as much as 13% in afternoon trading Thursday after reporting stellar quarterly results that beat revenue and earnings estimates and investors with the announcement of a cash dividend program of $0.20 per share. Encouraged.The board of directors also approved stock repurchases of up to an additional $70 billion.”Our first quarter results reflect strong performance from Search, YouTube and Cloud,” CEO Sundar Pichai said in a statement. “Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI.” innovation.”Revenue, excluding traffic acquisition costs, rose 16%…
Author: Surbhi Jain
Investing.com – Microsoft on Thursday reported third-quarter financial results that beat Wall Street estimates, as strong demand for artificial intelligence supported better-than-expected performance in its Azure cloud business. Microsoft Corporation (NASDAQ: ) rose more than 4% in after-hours trading following the report.For the three months ended March 31, the company announced earnings of $2.94 per share. share of revenue of $61.9B. Analysts polled by Investing.com expected EPS of $2.82 on revenue of $60.84 billion.Growth in Azure and other cloud services was 31% in Q3 from a year earlier, beating analyst estimates of 28.6%, with about 7% of the growth coming…
Intel (INTC) announced its first-quarter earnings results after the bell on Thursday, beating analysts’ expectations on the top and bottom lines. But the company’s second-quarter outlook fell short of Wall Street estimates, sending the stock falling.Intel said it expects second-quarter revenue of between $12.5 billion and $13.5 billion. Analysts were expecting $13.63 billion in the upcoming quarter.Intel is looking to grow its AI market share by challenging rivals Nvidia (NVDA) and AMD (AMD) with its new Gaudí 3 AI accelerator, while it hopes to woo consumer and enterprise customers with its AI PC lineup. .Intel reported adjusted earnings per share…
meta platform (META) late Wednesday posted first-quarter earnings results that beat expectations, with year-over-year revenue growth up 27%. But Meta stock fell sharply after the company gave lower-than-expected revenue guidance and raised spending expectations, citing its artificial intelligence incentives. x One analyst described Meta as a victim of “AI fever”. Chief Executive Mark Zuckerberg defended the company’s plans to “invest significantly more in the coming years” to advance its AI ambitions. But the report triggered a selloff. Meta stock fell more than 10.5% to close at 441.38 on the stock market today. The decline pushed Meta stock to its lowest…
Travel By David Landsell published 25 April 2024 Updates April 25, 2024, 9:47 am ET New York Post may be compensated and/or receive an affiliate commission if you make a purchase through our links. Hoteliers used to sleep better with one eye open. Michelin’s restless restaurant gurus have decided to cast their famously critical eye on the world’s most luxurious hotels, establishing a major rating system for the first time – and just 124 snooze shops around the world have secured a place on the tyremaker’s first list. Was successful. America, released on Wednesday. Of that already elite group, 11…
Tesla ( TSLA ) reported worse-than-expected first-quarter earnings and revenue late Tuesday. Investors appeared unconcerned, sending TSLA shares jumping 12% on Wednesday after CEO Elon Musk signaled that “more affordable” new models are on the way. Musk also predicted that 2024 vehicle deliveries would be higher, underscoring Tesla’s focus on full-self-driving (FSD) during the earnings call. x Ahead of Tesla’s first-quarter earnings release on Tuesday, TSLA shares had fallen more than 17% in April, hitting a 52-week low of 138.80 on Monday. Investor sentiment appeared depressed. However, Tesla stock began to rise immediately after the first quarter results. Here are…
Pete Thamel, ESPNApril 24, 2024, 09:00 am ETReggie Bush gets his 2005 Heisman Trophy back, as the Heisman Trust announced Wednesday the formal “restoration” of the trophy to Bush in light of what it calls a “huge change in the college football landscape.”The Heisman Trust’s decision comes after Bush forfeited his Heisman Trophy in 2010 in the wake of significant NCAA sanctions against USC that included Bush receiving improper benefits during his Trojan career spanning from 2003 to 2005.Under Wednesday’s decision, the Heisman Trust is returning the Heisman Trophy to Bush and a replica to USC. Bush will be re-invited…
In this photo illustration, Rubrik, Inc. logo is displayed on the smartphone screen. Rafael Henrique Sopa Images | LightRocket | getty imagesData management software maker Rubrik made its debut on the New York Stock Exchange on Thursday, the latest sign that public market investors are showing an appetite for tech IPOs. The stock opened at $38.60 per share after the Microsoft-backed company set the price of its IPO at $32. a share on Wednesday, above its expected range of $28 to $31 a share.It raised $752 million by selling 23.5 million shares, giving it a valuation of $5.6 billion. Rubrik’s…
FCC Big ISPs will once again have to abide by a robust set of traffic rules that prohibit them from blocking or throttling traffic as the FCC reinstated net neutrality rules today. The commission voted 3-2 along party lines to adopt the rules, which largely prohibit Comcast, AT&T, Verizon and other carriers from favoring some types of Internet traffic over others. The latest net neutrality rules are similar to those passed in 2015, when the FCC voted to reclassify internet service as a common carrier, or the same statutory designation given to telephone services. The commission, with a majority of…
Rodin Eckenroth/FilmMagic/Getty Images Courteney Cox and Johnny McDaid in 2022. cnn , Courteney Cox’s longtime partner Johnny McDaid once broke up with her in a therapy session. This happened about five years ago, Cox said on the “Minnie Questions with Minnie Driver” podcast. The “Friends” star and the Snow Patrol rocker were engaged at the time. “So three years in, we broke up and it was really intense. We broke into therapy,” she said. “I didn’t know it was coming, whether I should have come or not.” They were supposed to discuss the boundaries of their relationship, but instead they…