"Alphabet Shares of the Google parent jumped nearly 5% on the back of strong results , which included better-than-expected Google Cloud revenue and YouTube advertising revenue. Alphabet earned $3.10 per share, on an adusted basis, topping the $2.33 per share estimate from LSEG. The search giant's revenue for the period came out at $102.35 billion, while analysts expected $99.89 billion in revenue."
"MGM Resorts The casino hotel operator tumbled 6% postmarket Wednesday after third-quarter earnings fell short of estimates, hurt by declining visits to Las Vegas. It earned 24 cents per share after adjustments on revenue of $4.25 billion. Analysts expected MGM to earn 40 cents per share on $4.23 billion of revenue. Meta Shares of Facebook parent Meta dropped nearly 9% after market close, despite having posted a beat on top and bottom lines ."
Alphabet shares jumped nearly 5% after Google Cloud and YouTube advertising revenue exceeded expectations; adjusted EPS was $3.10 versus a $2.33 estimate and revenue was $102.35 billion. MGM Resorts fell 6% as third-quarter earnings missed estimates amid declining Las Vegas visits; adjusted EPS was $0.24 on $4.25 billion revenue versus expected $0.40 on $4.23 billion. Meta shares dropped nearly 9% despite beats, reporting $7.25 adjusted EPS on $51.24 billion revenue and taking a nearly $16 billion one-time charge. Chipotle cut its same-store sales forecast and saw visiting declines; Microsoft beat estimates with Azure revenue up 40%.
Read at www.cnbc.com
Unable to calculate read time
Collection
[
|
...
]