Check out the companies making headlines in after-hours trading. Apple — Shares of the megacap tech giant rose 1%. The company said sales of its iPhones grew 13% year over year and overall revenue grew 10%, marking Apple’s largest quarterly revenue growth since December 2021. Apple reported $94.04 billion in revenue for its third quarter, higher than the $89.53 billion expected by analysts, according to LSEG. Earnings came in at $1.57 per share, also topping the consensus expectation of $1.43 per share. Clorox — Shares of the consumer products maker jumped 1% on the back of strong financial results. Clorox…
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(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — On February 4th of this year, Amazon (AMZN) was two days away from reporting its Q4 numbers and the stock was making all-time record highs. It was a roaring bull market, with AI-related stocks leading the way, and Amazon had just broken out above its 2021 highs in the prior year. The stock closed that day at $242 per share — a new record — and investors were incredibly confident. Unfortunately, this moment ended up being…
Deepwater’s Gene Munster joins ‘Fast Money’ to react to Amazon, Apple, and other Big Tech earnings. Source link
Southwest Airlines has officially provided an end date for its well-known open seating policy: Starting July 29, 2025, customers booking flights for Jan. 27, 2026, or later will either have to choose their seat or be assigned one, if booking a standard fare.Along with this shift in Southwest’s seating arrangements, the airline is also switching up how it boards its planes. To help complement these changes, Southwest credit cards got some adjustments, and all of the cards offer some form of elevated seat selection and faster boarding.How do I ensure I can choose my own Southwest seat?With Southwest finally switching…
Coinbase shares fell Thursday as second-quarter revenue came in shy of analysts’ estimates. Gains in the cryptocurrency exchange’s subscription revenue failed to offset weaker trading volumes during the quarter.In the quarter ended June 30, Coinbase net income rose to $1.43 billion, or $5.14 per share, from $36.13 million, or 14 cents per share, a year ago. Earnings in the latest period benefited from a gain $1.5 billion, including an unrealized one related its Circle investment, and $362 million from its crypto investment portfolio.On an adjusted basis, Coinbase earned $1.96 per share, topping estimates of $1.26 reported by LSEG.Revenue rose slightly…
Superyachts in Port Hercules, Monaco.John Lamb | The Image Bank | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.American boat buyers and European shipyards are scrambling to assess the damage from the proposed U.S. 15% tariffs on European-made goods.With many of the world’s recreational boats and yachts made in Europe, and most of the biggest buyers in the U.S., industry experts are bracing for the fallout from President Donald Trump’s Monday tariff announcement.The European Boating…
After a strong rally off a double bottom pattern in April and May, shares of coffee conglomerate Starbucks Corp. (SBUX) have now stalled out at the crucial 200-day moving average. Will the Seattle-based brewer have enough strength to finally clear this long-term trend barometer? Based on our analysis of trend, momentum and volume, we see a breakdown as a much more likely scenario. Starbucks has settled into a consolidation phase since early June, bouncing between resistance around $97-98 and support at $90. We can see that the 200-day moving average is almost completely flat, reinforcing the consolidation created by an…
Apple CEO Tim Cook attends the world premiere of “F1” at Times Square in New York on June 16, 2025.Angela Weiss | AFP | Getty ImagesApple reported third-quarter earnings on Thursday that topped Wall Street expectations for profit and revenue.iPhone sales grew 13% year-over-year and overall revenue grew 10% — Apple’s largest quarterly revenue growth since December 2021.Apple shares were up about 2% in after-hours trading on Thursday. Here’s how Apple did versus consensus estimates for the quarter ending June 28:Earnings per share: $1.57 vs. $1.43 expectedRevenue: $94.04 billion vs. $89.53 billion expectediPhone revenue: $44.58 billion vs. $40.22 billion expectedMac…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailHarry Sommer, Norwegian Cruise Line Holdings CEO, joins ‘Power Lunch’ to discuss Sommer’s quarterly earnings results, demand for the company’s products and much more. Source link
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024.Timothy A. Clary | AFP | Getty ImagesReddit shares jumped more than 10% after the company reported second-quarter earnings on Thursday that beat on sales and guidance.Here’s how the company did compared with LSEG estimates:Earnings per share: 45 cents vs. 19 cents expectedRevenue: $500 million vs. $426 million expectedReddit’s sales grew 78% year-over-year in the second quarter and was 17% above consensus estimates, representing the biggest beat in its short history as a public company. Net income came in at $89 million…
