Coinbase surprised the market with better-than-expected revenue of $1.64 billion in its first-quarter earnings report. The company reported earnings of $4.40 per share, significantly higher than the average analyst estimate of $1.09 per share. This impressive performance showcases Coinbase’s ability to capitalize on the growing interest in digital tokens in the U.S. market. Net Income
Earnings
Wayfair recently announced that it experienced a decline in sales during its first quarter, but was able to reduce its losses after cutting 13% of its workforce at the beginning of the year. Despite the decrease in sales, the online furniture retailer was able to surpass Wall Street’s expectations on both the top and bottom
During Wednesday’s Morning Meeting livestream, the CNBC Investing Club with Jim Cramer discussed the upcoming remarks by Fed chief Jerome Powell. Powell is expected to deliver a press conference at 2:30 pm ET, where traders will be looking for clues on future interest rate cuts. Jim Cramer highlighted the importance of Powell’s ability to address
New York Community Bank faced a significant setback with a quarterly loss of $335 million, attributed to a surge in soured commercial loans and higher expenses. This loss, amounting to 45 cents per share, stood in sharp contrast to the net income of $2.0 billion, or $2.87 per share, reported in the previous year. Even
Super Micro shares experienced a significant decline of up to 15% in after-hours trading following the release of its fiscal third-quarter results. Despite providing a positive outlook for its top-line growth, the server maker’s revenue fell slightly below expectations. The company reported an adjusted earnings per share of $6.65, surpassing the $5.78 expected by analysts.
Amazon is set to reveal its first-quarter earnings after the market close on Tuesday. Analysts are anticipating earnings per share to be around 83 cents, with revenue expected to reach $142.5 billion. The tech giant’s financial report will also shed light on other crucial figures, such as Amazon Web Services revenue of $24.5 billion and
Samsung Electronics recently announced its first-quarter results, revealing a significant jump in operating profit of 932.8%. The company reported a revenue of 71.92 trillion Korean won, exceeding LSEG estimates. This surge in profit was driven by the rebound of memory chip prices, largely attributed to the growing optimism surrounding artificial intelligence (AI) technologies. Samsung’s revenue
Alphabet recently released its first-quarter report, and the results were nothing short of impressive. With total revenue rising 15.4% year over year to $80.54 billion and earnings per share surging 62% to $1.89, Alphabet exceeded Wall Street expectations in all key areas. The company also initiated a quarterly dividend for the first time in its
Bristol Myers Squibb recently announced its first-quarter results, indicating revenue that surpassed expectations but also indicating a quarterly loss due to various one-time charges. To navigate this challenge, the pharmaceutical company has articulated a plan to reduce costs by $1.5 billion by 2025. This initiative is aimed at optimizing operations, focusing on key drug brands,
As Alphabet prepares to report its first-quarter earnings, analysts are expecting earnings per share of $1.51, with revenue projected to reach $78.59 billion. YouTube advertising revenue is expected to come in at $7.72 billion, while Google Cloud revenue is estimated at $9.35 billion. Traffic acquisition costs are anticipated to be around $12.74 billion. These figures