Month: July 2020

Apple has confirmed that its next iPhone will be delayed beyond its expected launch in September. …read more […]

Apple reported its Q3 2020 earnings on Thursday, surpassing expectations for the period. The tech giant also announced a 4-1 stock split. Yahoo Finance’s Myles Udland, Seana Smith, Andy Serwer, Jared Blikre, Jen Rogers and Neuberger Berman’s Dan Flax break down the earnings report on The Final Round. …read more […]

(Bloomberg) — Alphabet Inc.’s revenue fell for the first time ever as the coronavirus pandemic and ensuing economic fallout forced advertisers to pull back spending.Ad sales, which make up the bulk of revenue at the Google parent, were $29.9 billion in the second quarter, down 8.1% from the same period last year. That’s the lowest they’ve been since the third quarter of 2018. Still, overall revenue, which slipped 2%, was slightly higher than analysts had expected. YouTube, the fastest-growing part of Google’s advertising empire before the coronavirus set in, brought in $3.8 billion, 6% more than last year.“We are cautiously …read more […]

Facebook shares jumped to a fresh record high following the release of its second quarter results on Thursday, beating investor expectations on both top and bottom lines. The company saw 10% revenue growth since last year, and expected continued growth rate for its third quarter. Yahoo Finance’s Myles Udland joins The Final Round panel to break down the company’s earnings results. …read more […]

(Bloomberg) — Expedia Group Inc.’s whopping 82% decline in revenue in the second quarter has laid bare the total devastation the coronavirus has wreaked on the travel sector. Shares dipped as much as 4.8% in post-market trading.The Seattle-based online travel giant reported total gross bookings of $2.71 billion for the three-month period to June 30, a decline of 90% from the same period a year earlier. Revenue fell to $566 million — the lowest it’s been in about a decade — and missed Wall Street’s already reduced expectations of $680 million for the quarter. The adjusted loss before interest, taxes, …read more […]

Amazon crushed Street estimates as the coronavirus pandemic is forcing consumers to rely on online shopping. The tech giant reported $10.30 in EPS and $88.9 billion in revenue, far surpassing Street estimates EPS $1.51 and $81.24 billion in revenue. Myles Udland breaks down the e-commerce company’s quarterly result. …read more […]

Apple has reported its Q3 2020 earnings, crushing expectations, and announcing a 4-1 stock split. …read more […]

(Bloomberg) — Apple Inc. announced a 4-for-1 stock split after shares of the iPhone maker surged more than 80% in the past year.Shareholders at the close of trading on Aug. 24 will receive three additional shares for each one they currently own. Post-split trading will begin Aug. 31, Apple said in a statement on Thursday.The company said the move will “make the stock more accessible to a broader base of investors.” Apple shares have surged to almost $400 in the past year.This is the fifth stock split since Apple went public in 1980. The last split was in 2014. The …read more […]

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The tech giant has been one of the COVID-19 crisis’ biggest beneficiaries. …read more […]

OAKLAND, Calif./BENGALURU (Reuters) – Google parent Alphabet Inc’s quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic. With its mostly free tools for web browsing, video watching and teleconferencing, Google unit has become a larger part of many consumers’ lives during the pandemic as lockdown orders force people to rely on the internet for work and entertainment. Google’s ads business has long trended with the broader economy, and the U.S. …read more […]

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Facebook reported second-quarter results that handily topped estimates, growing its user base and advertising business further during the pandemic even as the social media giant came under increased scrutiny for its policies around policing harmful content on its platforms. …read more […]

Southwest Airlines (NYSE:LUV) has had a rough month with its share price down 9.3%. It is possible that the markets… …read more […]

The economy is “leveling off,” following the worst drop in GDP on record amid the pandemic, says Mohamed El-Erian, chief economic advisor at Allianz. …read more […]