Turkey’s competition board has levied a hefty fine of 1.2 billion lira ($37.20 million) against Meta Platforms on Wednesday, following the conclusion of two separate investigations into the tech giant’s data-sharing activities involving its social media platforms including Facebook, Instagram, WhatsApp, and Threads.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Investigations into Threads and Instagram integrationCopy link to sectionThe investigation ...

Financial Performance - Las Vegas Sands Corp. reported a net revenue of $2.96 billion and a net income of $583 million for Q1 2024, exceeding market expectations [1] - Sands China Ltd., a subsidiary, saw total net revenues surge by 42% to $1.80 billion, with net income reaching $297 million, a significant turnaround from a net loss of $10 million in Q1 2023 [6] Segment Performance - In Macao, the company achieved an Adjusted Property EBITDA of $610 million, although it faced a $31 million reduction due to a low hold on rolling play [2] - Conversely, Marina Bay Sands in Singapore reported an Adjusted Property EBITDA of $597 million, benefiting from a high hold on rolling play, leading to a $77 million increase [2] Strategic Initiatives - The company is committed to strategic investments to enhance its market position and deliver sustainable growth, with ongoing capital expenditure programs in Macao and Singapore [3][4] - Las Vegas Sands' financial strength and industry-leading cash flow allow it to pursue growth initiatives while returning excess capital to shareholders [4] Shareholder Returns - During Q1 2024, the company repurchased $450 million of its common stock and paid a quarterly dividend of $0.20 per common share, reaffirming its commitment to enhancing shareholder value [5][7] - The company remains optimistic about growth prospects in Macao, Singapore, and other potential markets, positioning itself to capitalize on emerging opportunities [7]

Core Viewpoint - Jabil Inc reported lower-than-expected revenue for its second financial quarter, leading to a 12% decline in stock price, and issued downbeat guidance for future revenue expectations [1][2]. Financial Performance - Jabil earned $927 million in the latest quarter compared to $207 million in the same quarter last year [4]. - Per-share earnings increased from $1.52 to $7.31, with adjusted EPS reported at $1.68 [4]. - Net revenue decreased by 16% year-on-year to $6.8 billion, while consensus estimates were $1.66 per share on $6.9 billion in revenue [4]. Future Guidance - The company forecasts future revenue to fall between $6.2 billion and $6.8 billion, significantly lower than analysts' expectations of $7.4 billion [2]. - CEO Kenny Wilson expressed confidence in delivering strong core operating margins and free cash flow in FY24 despite short-term revenue headwinds [2][4].