Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024.Manuel Orbegozo | ReutersMeta CEO Mark Zuckerberg plans to continue his company’s artificial intelligence spending blitz well into the next year as rival tech giants do the same.Zuckerberg told analysts Wednesday during a second-quarter earnings call that AI’s rapid pace of progress has informed much of Meta’s recent business decisions, including the company’s $14.3 billion June investment into the data-annotating startup Scale AI as part of a revamped AI strategy involving a wave of high-profile…
Author: usaeverydaylife
Meta Platforms shares soared Wednesday evening after the social media juggernaut delivered what can only be described as a blowout quarter. The only thing better than the reported results was the guidance. Revenue in the second quarter ended June 30 climbed 22% year over year to $47.52 billion, far exceeding the consensus estimate of $44.8 billion, according to LSEG. Earnings per share (EPS) surged 38% on an annual basis to $7.14, crushing expectations of $5.92, LSEG data showed. META YTD mountain Meta’s year-to-date stock performance. Meta shares jumped more than 11.5% to $776 each in after-hours trading, which would easily…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 closed lower after Federal Reserve Chair Jerome Powell signaled the central bank isn’t ready to lower rates, and what’s on the radar for the next session. Meta, Microsoft and AI growth Meta Platforms shares are up 12% after the bell. Microsoft is up 10% after the bell. Deepwater Asset Management’s Gene Munster was on…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJoe Lubin, Ethereum co-founder and SharpLink Gaming chairman and Consensys founder, joins ‘Fast Money’ to talk Ethereum, broader crypto adoption, and where the space goes from here. Source link
Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025.David Paul Morris | Bloomberg | Getty ImagesSamsung Electronics on Thursday reported a second-quarter operating profit that missed expectations and more than halved from the same period last year.The South Korean technology giant posted a quarterly revenue of 74.6 trillion Korean won, up slightly from 74.07 trillion won a year earlier.Here are Samsung’s second-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Revenue: 74.6 trillion won ($53.5 billion) vs. 74.43 trillion won Operating profit: 4.7…
‘Fast Money’ breaks news on Figma’s IPO pricing. Source link
File photo: US President Donald Trump gestures during a joint press conference in South Korea.Afp Contributor | Afp | Getty ImagesU.S. President Donald Trump on Wednesday announced that Washington had reached a “Full and Complete” trade deal with Seoul, setting blanket tariffs on the country’s exports to U.S. at 15%.Trump also said in a post on social media platform Truth Social that South Korea will “will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President.”South Korea’s President Lee Jae-myung said in a Facebook post that his…
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta’s Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money.The social media company reported its second-quarter earnings on Wednesday and revealed that Reality Labs logged an operating loss of $4.53 billion while recording $370 million in sales during the period. Analysts were projecting that unit to post a second-quarter operating loss of $4.99 billion while generating $381 million in sales.The Reality Labs…
Check out the companies making headlines after the bell : Qualcomm — The semiconductor company fell 5% despite posting a fiscal third-quarter beat on both the top and bottom lines. Qualcomm posted adjusted earnings of $2.77 per share on revenue of $10.37 billion. Analysts polled by LSEG had expected earnings of $2.71 per share and $10.35 billion in revenue. Microsoft — Shares climbed 7% after the tech titan reported fiscal fourth-quarter earnings of $3.65 per share, exceeding the $3.37 per share analysts polled by LSEG had penciled in. Microsoft’s revenue increased 18% to $76.44 billion from $64.7 billion a year…
Signage at eBay headquarters in San Jose, California, U.S.David Paul Morris | Bloomberg | Getty ImagesShares of eBay popped 10% in extended trading on Wednesday after the online marketplace posted stronger-than-expected results for the second quarter, and offered an upbeat forecast for the current period.Here’s how the company did in the second quarter compared to analyst estimates compiled by LSEG.Earnings per share: $1.37 adjusted vs. $1.30 expected Revenue: $2.73 billion vs. $2.64 billion expected GMV, or the dollar value of items sold, grew 6% year over year to $19.5 billion. That topped analysts’ projected $18.9 billion, per StreetAccount estimates.For the…
