Key Takeaways Starbucks reported $9.1 billion in revenue, less than analysts' expectations, also missing expectations for net income and same-store sales. The java giant's stock fell in late trading shortly after the results were released. CEO Brian Niccol said the coffee chain would work hard to lure back customers. Starbucks (SBUX) reported declining sales in its most recent quarter, ending its fiscal year on a down note. The coffee chain's net revenue fell 3% to $9.1 billion, while comparable store sales ...

Meta Platforms (META) reported third-quarter earnings that topped analysts' estimates with a boost from artificial intelligence (AI) demand, and lifted its estimates for how much money it plans to spend this year as it invests in the emerging tech. The Facebook and Instagram parent reported $40.59 billion in revenue, up from $34.15 billion the same time last year and above the $40.27 billion analysts had expected, according to estimates compiled by Visible Alpha. Meta posted $15.69 billion in net income, u ...

Key TakeawaysGoogle parent Alphabet posted third-quarter earnings that topped Street expectations and showed artificial intelligence (AI) progress, with both JPMorgan and Citigroup analysts noting the tech giant's strong Google Cloud revenue.JPMorgan raised its price target for Alphabet to $212 from $208 and reiterated an "overweight" rating.Citi analysts stuck with its "buy" rating and $212 price target, noting Google Cloud's "accelerating growth from greater GenAI demand." Google parent Alphabet (GOOGL) p ...

Core Insights - Caterpillar missed third-quarter earnings and revenue forecasts due to a pullback in demand from the industrial sector [1] - The company anticipates full-year sales and revenue will be "slightly lower" than previous guidance [1] Financial Performance - Third-quarter adjusted earnings per share (EPS) were reported at $5.17, with revenue declining 4% year-over-year to $16.11 billion, missing consensus estimates [1] - Sales in the Construction Industries unit dropped 9% to $6.35 billion, while Resource Industries segment sales fell 10% to $3.03 billion [1] - Energy & Transportation division saw a 5% increase in sales to $7.19 billion due to higher volumes and prices [1] Future Outlook - Caterpillar's 2023 revenue is projected at $67.06 billion, slightly above analysts' expectations of $65.84 billion [1] - The company indicated that full-year sales and revenue will be "slightly lower" than previously guided figures [1]

Key TakeawaysMeta's latest results are set to arrive this afternoon with the company's shares up nearly 70% this year.Wall Street analysts are overwhelmingly bullish on the shares, though at present calling for comparatively little further update.Of the 30 analysts tracking shares of the Facebook and Instagram parent company as of Wednesday morning, 28 had "buy" or equivalent ratings and two had "hold," according to Visible Alpha data. Shares of Meta Platforms (META) ticked higher in early Wednesday trading ...

Key TakeawaysReddit shares are surging Wednesday after the social media firm posted its first quarterly profit as a public company.Reddit posted third-quarter revenue of $348.4 million, up 68% from the same period last year and beating Visible Alpha estimates. It reported a third-quarter net profit of $29.9 million, or 16 cents per share, versus estimates of a net loss of $17.7 million, or 10 cents per share.For the fourth quarter, Reddit is forecasting revenue in the range of $385 million to $400 million. ...

Key TakeawaysCharles Schwab plans to expand its 24-hour trading, becoming the latest brokerage to embrace round-the-clock markets.Select Schwab clients will be able to trade all S&P 500 and Nasdaq-100 stocks, as well as hundreds of exchange-traded funds, at any time Monday through Friday.The capability will gradually be extended to all clients in 2025. Charles Schwab (SCHW) on Wednesday announced that it plans to expand its 24-hour trading, becoming the latest brokerage to embrace round-the-clock markets. S ...

Eli Lilly (LLY) shares tumbled 10% after its third-quarter results fell well short of analysts' estimates before the bell Wednesday. The pharmaceutical giant registered $11.44 billion in revenue—above last year's $9.50 billion but below the $12.18 billion consensus estimate of analysts polled by Visible Alpha—as weight-loss drugs Mounjaro and Zepbound continue to boost Eli Lilly's sales. Lilly swung to a profit of $970.3 million, or $1.07 per share, but still well below the $1.69 billion and $1.87 per shar ...

Key TakeawaysAdvanced Micro Devices shares moved sharply lower in extended trading on Tuesday after the chipmaker reported third-quarter earnings that came in below expectations and issued a light revenue outlook.The stock has rallied into the upper trendline of a descending channel, though lower volumes suggest that larger market participants remained on the sidelines ahead of the company's quarterly results.Investors should watch key support levels on AMD's chart around $162, $132, and $112.If the stock r ...

After Google parent Alphabet (GOOGL) reported third-quarter earnings that topped analysts' expectations, CEO Sundar Pichai and other executives told investors the tech giant is seeing strong gains from demand for artificial intelligence (AI), sending shares up over 5% in extended trading Tuesday. Investments in AI 'Are Paying Off and Driving Success' Pichai told investors the tech giant's investments in AI "are paying off and driving success," with strong performance in Google's search and cloud divisio ...