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Business, Stocks

“Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter”

“Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020. The company said it’s cutting 7% of its global workforce. Earnings and revenue topped analysts’ estimates. Prior to Wednesday’s close, the… Continue Reading…

Business

“Apple sales rise 5%, topping estimates as iPad and Services revenues jump” [Aug 1 2024]

“…Here’s how Apple did versus LSEG consensus estimates for the quarter ended June 29:  Apple expects similar overall revenue growth in the current quarter, company finance chief Luca Maestri said on a call with analysts…” https://www.cnbc.com/2024/08/01/apple-aapl-earnings-report-q3-2024.html

Business, Stocks

“Amazon shares slide on revenue miss, disappointing guidance for third quarter” [Aug 1 2024]

“Amazon reported weaker-than-expected revenue for the second quarter on Thursday and issued a disappointing forecast for the current period. The shares slid as much as 6% in extended trading. Here’s how the company did: Wall Street is also looking at these key numbers:… Continue Reading…

Business

“Starbucks revenue misses estimates as same-store sales decline for second straight quarter”

“Starbucks’ quarterly earnings met expectations, but the company’s revenue fell short of Wall Street’s estimates. In China, same-store sales dropped 14%. The coffee reiterated its outlook after it slashed it last quarter, predicting that its sales slump would not end… Continue Reading…

Business, Stocks

“McDonald’s earnings, revenue miss estimates as consumer pullback worsens” [Jul 29 2024]

“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The fast-food giant reported second-quarter net income of $2.02 billion, or $2.80 per share, down from $2.31 billion, or $3.15… Continue Reading…

Stocks

“Dexcom shares plummet almost 40% after company misses on revenue, lowers guidance” [Jul 25 2024]

“Shares of Dexcom tumbled almost 40% in extended trading Thursday after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. Here’s how the company did: Dexcom’s revenue increased 15% from $871.3 million a year earlier, according to a… Continue Reading…

Stocks

“Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue”

“…Here is how Southwest performed in the second quarter compared with Wall Street expectations, according to consensus estimates from LSEG: The Dallas-based airline said its second-quarter revenue rose 4.5% from last year to $7.35 billion, a record, but its profit dropped more… Continue Reading…

Business

“TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts”

“TSMC, the world’s largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence (AI) applications… Revenue in the April-June period of this year came in… Continue Reading…