Alphabet revenue unexpectedly rises in the first quarter
Google parent Alphabet reported revenue and earnings for the first quarter that topped estimates. The stock jumped over 4% in extended trading before paring its gains. Let's see what happened.Let's look at Google's earnings reportThe company's revenue for the period reached $69.787 billion, an increase of 2.61% year-over-year, beating analysts' expectations of $68.9 billion; earnings per share reached $1.17, exceeding analysts' expectations of $1.07.Google reported core advertising revenue of $54.548 billion, down 0.2% year-over-year, in the third quarter since the company went public;Revenue from YouTube ads: $6.69 billion, exceeding analyst estimates of $6.6 billion;Revenue from Google Cloud: $7.45 billion, beating analyst estimates of $7.49 billion;The Traffic Acquisition Costs (TAC) we
Despite a record-high number of deliveries, Tesla's Q1 earnings and revenue missed expectations. Gross margins declined significantly as a result of price cuts on cars, resulting in a decrease in the average selling price (ASP). Tesla's stock fell 6.07% after-hours. [Cry]Source from Tiger Trade AppTesla released its quarterly financial report on April 19th, which showed that its revenue for the quarter totaled $23.33 billion, a 24% YoY increase, slightly below the $23.35 billion consensus estimate of Bloomberg analysts. In addition, adjusted earnings per share (EPS) were 85 cents, a 21% decline over the prior year, slightly below the consensus estimate of 85.5 centsSource from BloombergHighlights of Tesla's earnings reportTesla reported a profit of 85 cents a share, meeting expectations, o
Don't miss out! What to buy after the surge in crude oil?
What happened?Last Sunday, OPEC+ unexpectedly announced a production cut of over 1 million barrels per day, abandoning their previous commitment to maintaining supply stability. On Monday (April 3rd), US crude oil futures opened and jumped by 8%. Several OPEC+ members are set to tighten global production by an additional 1.16 million barrels per day until the end of the year, further burdening central bank efforts to curtail global inflation — but critically protecting the alliance’s broader output strategy from political pressures. This unexpected cooperation among OPEC+ members surprised the market, as it was previously thought that the most likely action OPEC would take to deal with the growing uncertainty in the oil market would be to maintain existing production targets.Oil at $1
The End of Credit Suisse - UBS Takeover For $3.2 Billion
$Credit Suisse Group AG(CS)$$UBS Group AG(UBS)$ Credit Suisse Group was saved in three ways, the impact of the acquisition on the banking industry, and why First Republic Bank will affect the development of the entire U.S. banking industry.source from ClearValue TaxClearValue Tax‘s YouTube https://www.youtube.com/watch?v=_X684BS6ABs
UBS agreed to buy its embattled rivalCredit Suissefor 3 billion Swiss francs ($3.2 billion) Sunday, about less than half of Friday's closing price of $8.4 billion for Credit Suisse.with Swiss regulators playing a key part in the deal as governments looked to stem a contagion threatening the global banking system.In order to preserve Credit Suisse and execute a successful takeover, Switzerland changed the law to allow both parties to bypass shareholder approval.Thus, as long as the board approved the sale, shareholders cannot question the sale price or the terms of the sale, resulting in shareholders who attempted to hold their shares on Friday losing half their stock equity.As an initial offer, UBS offered only $1 billion for Credit Suisse, which slowed down negotiations for a short time.
🚗Tesla reports record revenue⬆️ and beats on earnings📈
Tesla reported fourth- quarter earnings after the bell, beating on both earnings and revenue. Shares were ticking higher after hours.Here are the resultsIn the fourth quarter, the operating income was US $24.318 billion, up 37% year-on-year, refreshing the quarterly revenue set in the first quarter for the second consecutive quarter, Bloomberg's consensus expectation of $24.18 billion;The adjusted net profit in the fourth quarter was US $4.106 billion, setting a new high of US $3.318 billion in the first quarter, up 43% year-on-year, Bloomberg's consensus expectation of $3.98 billion;In the fourth quarter, the adjusted earnings per share (EPS) under non-GAAP was US $1.19, up 40% year-on-year. Bloomberg's consensus expectation of $1.12;In the fourth quarter, the ove
Microsoft's Earnings Confirm Fears of Economic Slowing
Microsoft issued a disappointing revenue forecast for the current quarter in its earnings call on Tuesday, causing a reverse in the stock price after the shares initially rallied on better-than-expected earnings for the December quarter.What are your thoughts on this earnings report? Would it be worthwhile to invest in Microsoft?How is Microsoft's financial report?According to key data, Microsoft's revenue in the second quarter of fiscal year 2023 was US $52.75 billion, slightly lower than the market expectation of 52.94 billion,Year-on-year increase of 2% .It is the lowest level since 2016.Operating income was $20.4 billion GAAP and $21.6 billion non-GAAP, and decreased 8% and 3%, respectively. Net income was $16.4 billion GAAP and $17.4 billion non-GAAP, and decreased 12%
During bear markets, both uncertainty and the velocity of downside moves can cause investors to make rash decisions. Many investors are concerned about when and where the stock market will bottom. Which stock is undervalued? I would appreciate any comments on these questions.Warren Buffett recommends S&P 500 for most folksInvesting in the $S&P 500(.SPX)$ is a good choice if you are unsure of which stocks to choose. Warren Buffett likes index funds — especially those that follow the S&P 500. “In my view, for most people, the best thing to do is own the S&P 500 index fund,” said Buffett in May 2022.Warren Buffett has endorsed the S&P 500 more than once. In 2014, Buffett stated in a letter to shareholders, "My advice
📉Stock price drops by 6.28%🚗 after Tesla misses earnings estimates🚥
Tesla reported third- quarter earnings after the bell, and stocks fell by about 6.28% after hours following reports.Here are the resultsThe financial report revealed that Tesla achieved revenue of 21.454 billion US dollars during the period, a year-over-year increase of 56%, which was lower than the analyst's expectation of 22.09 billion US dollars; adjusted earnings per share (EPS) under non-GAAP standards were US $1.05 for the third quarter, an increase of 69% year-over-year, exceeding analysts' expectations of US $1.01.Tesla 3Q revenue misses estimatesTesla achieved revenue of 21.454 billion US dollars during the period, a year-over-year increase of 56%.Tesla automotive revenue came in at $18