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corporate earnings

Google testing ads in AI-powered search as news publishers warn of looming disaster

by Edgar Davis
Google testing ads in AI-powered search as news publishers warn of looming disaster

Google unveiled plans to place advertisements directly in its new AI-powered search results – adding fuel to concerns by news publishers that the controversial overhaul of the world’s most popular …

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Nvidia shares jump after AI chip maker unveils stock split, rosy sales forecast

by Edgar Davis
Nvidia shares jump after AI chip maker unveils stock split, rosy sales forecast

Nvidia forecast quarterly revenue above estimates on Wednesday and announced a stock split, lifting its shares to record-high territory and impressing investors who have tripled the chipmaker’s market value in the …

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Trump Media & Technology posts $327M loss on little revenue

by Edgar Davis
Trump Media & Technology posts 7M loss on little revenue

Trump Media & Technology Group, the owner of former President Donald Trump’s social networking site Truth Social, lost more than $300 million last quarter, according to its first earnings report as …

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Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend

by Edgar Davis
Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend

Amazon reported quarterly results above Wall Street’s expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing growth. Shares of the Seattle-based e-commerce and tech company climbed almost 3% in …

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Apple stock rallies after record-setting $110B stock buyback

by Edgar Davis
Apple stock rallies after record-setting 0B stock buyback

Shares of Apple climbed 6% Friday after the iPhone maker announced a record-setting buyback program on the heels of second-quarter earnings topped Wall Street’s estimates. Apple announced Thursday that its …

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Apple sales drop, Tim Cook sees return to growth amid AI investment

by Edgar Davis
Apple sales drop, Tim Cook sees return to growth amid AI investment

Apple’s  quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up almost 7% in extended trade. Apple increased its …

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Revenue drops, shares jump on Elon Musk’s plan to launch new models

by Edgar Davis
Revenue drops, shares jump on Elon Musk’s plan to launch new models

Tesla said Tuesday it would introduce “new models” by early 2025, sending its shares soaring nearly 11% in after-hours trading. Tesla’s talk of new vehicles, which it said would include “more …

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Meta shares drop after weak revenue growth, AI expenses warning

by Edgar Davis
Meta shares drop after weak revenue growth, AI expenses warning

Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter than expected revenue, evaporating $200 billion in stock market value and raising fears that the surging cost of …

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Google’s parent announces first-ever dividend, sending shares soaring

by Edgar Davis
Google’s parent announces first-ever dividend, sending shares soaring

Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending …

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Microsoft revenue surges 17%, driven by AI gains, ChatGPT partnership

by Edgar Davis
Microsoft revenue surges 17%, driven by AI gains, ChatGPT partnership

Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products. Revenue rose 17% to $61.9 billion in …

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