Intel (INTC) reported third-quarter revenue that topped analysts' expectations, sending shares higher after the bell Thursday despite widening losses. The chipmaker's third-quarter revenue fell 6% year-over-year to $13.3 billion, above the $13.03 billion consensus estimate of analysts compiled by Visible Alpha. Intel posted a wider-than-expected loss of $16.6 billion, after reporting a $1.61 billion loss in the second quarter as the chipmaker works to cut costs. A year ago, the chipmaker had reported a pro ...

Key TakeawaysApple is set to report earnings after the market closes on Thursday, with a majority of analysts tracked by Visible Alpha bullish on the stock's prospects.Wedbush analysts said the iPhone 16 with Apple Intelligence could “kick off a true supercycle for Apple.”The firm estimates there are about 300 million iPhones globally that could be primed for an upgrade. Apple (AAPL) will report fiscal fourth-quarter earnings after the market closes on Thursday, with a majority of analysts bullish on the st ...

KEY TAKEAWAYSComcast on Thursday said in its third-quarter earnings call that it is considering spinning off its cable network portfolio into a separate company.The separation would not include the broadcast network NBC or streaming platform Peacock, Comcast president Mike Cavanagh said in the call.The company, which is struggling with cord-cutting, also reported mixed third-quarter results that included a year-over-year loss of 365,000 cable customers. Comcast (CMCSA) on Thursday said in its third-quarter ...

Core Insights - EBay's guidance for the holiday shopping season was weaker than expected, leading to a drop in shares [1] - The company reported better-than-expected profit, sales, and gross merchandise volume (GMV) in Q3 [1] - Analysts expressed concerns regarding the company's GMV outlook for Q4 [2] Group 1 - EBay's fourth-quarter adjusted earnings per share (EPS) guidance is between $1.17 and $1.22, while revenue is expected to be between $2.53 billion and $2.59 billion, which is below analyst expectations of $1.21 and $2.58 billion [1] - In Q3, adjusted EPS was $1.19, revenue increased by 3% year-over-year to $2.58 billion, and GMV rose by 2% to $18.31 billion, all exceeding forecasts [1] - Jefferies analysts noted that failing to deliver a meaningful acceleration in Q4 GMV could raise questions about the sustainability of growth [2] Group 2 - Deutsche Bank analysts indicated that the tepid GMV growth outlook is shaking confidence in eBay's growth prospects [2] - Despite an 8% drop in shares, eBay's stock has increased by about one-third in value this year [2]

Group 1 - The core viewpoint indicates that Apple's Q4 2024 performance will heavily depend on iPhone 15 shipments, with analysts suggesting that these shipments will influence whether the company meets or exceeds expectations [1] - Analysts at Morgan Stanley have raised their estimate for iPhones shipped in Q4 2024 to 55 million units, an increase from 52.5 million units, which is also above the consensus estimate of 50 million units [2] - The iPhone 16 has shown strong performance in China, outselling its predecessor by 20% in the first three weeks post-release, supporting the notion of a rebound in iPhone sales in the Chinese market [3] Group 2 - Wedbush estimates that approximately 300 million iPhones globally have not been upgraded, suggesting potential for an "AI-driven super cycle" led by the iPhone 16 [3] - Apple shares have increased by about 18% in 2024, trading at $227.26, with over half of the analysts covering the stock holding a "buy" rating and a consensus price target of $240.87, which is about 6% above the current price [3]

Key TakeawaysMicrosoft stock slumped on Thursday after the company's current-quarter revenue outlook fell short of Wall Street estimates, overshadowing a better-than-expected fiscal first quarter. Growth as Microsoft's cloud-computing unit is expected to slow this quarter as the company continues to struggle to meet surging AI demand. Analysts remained bullish on the stock, citing an expected reacceleration of cloud growth. Shares of Microsoft (MSFT) slid on Thursday after the company’s revenue forecast fel ...

Meta Platforms (META) CEO Mark Zuckerberg said in Wednesday's earnings call that more spending on artificial intelligence (AI) products and infrastructure "is maybe not what investors want to hear in the near term," but that he feels it's necessary for the tech giant to seize opportunities in the industry. The earnings call followed an estimate-topping third quarter from Meta, with net income coming in more than $2 billion higher than expected. Advertising revenue, the bulk of Meta's revenue, beat projecti ...

After Microsoft (MSFT) reported fiscal first-quarter earnings that topped analysts' estimates, CFO Amy Hood told investors on the company's earnings call that demand for artificial intelligence (AI) "continues to be higher than our available capacity." Microsoft's Intelligent Cloud segment, which includes the Azure cloud computing platform, led growth in the quarter. Revenue from the segment jumped 20% year-over-year to $24.09 billion as demand for AI surged, though analysts had expected more. The Fastest-G ...

Microsoft (MSFT) delivered fiscal first-quarter earnings that topped Street expectations, but its cloud revenue growth missed estimates. The tech titan's third-quarter revenue rose 16% year-over-year to $65.59 billion, above the analyst consensus from Visible Alpha. Net income at $24.67 billion or $3.30 per share was up from $22.29 billion or $2.99 per share a year earlier and higher than expectations. Microsoft's Intelligent Cloud segment, which includes its Azure cloud computing platform, drew revenue of ...

Key Takeaways Apple on Wednesday launched a new MacBook Pro laptop powered by the company's M4 family of chips. The release comes on the heels of Apple launching the first wave of Apple Intelligence capabilities on Monday, along with a refreshed iMac. Apple will release its fiscal fourth-quarter earnings after the market closes on Thursday. Apple's (AAPL) week of product announcements leading up its fiscal fourth-quarter earnings report continued on Wednesday with the launch of a new MacBook Pro powered by ...