Amazon’s Q3 earnings report shows revenue increase
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Q3 Earnings Snapshot
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Wall Street analysts tracked by Bloomberg project the social media platform will report adjusted earnings per share of $1.07 for the period, up more than 80% from its EPS of $0.59 in the same quarter last year, when Reddit reported its first profit since its IPO.
You can see the complete list of today’s Zacks #1 Rank stocks here. MEG’s All-Round Healthy Business Should Be the Driver in Q3 We expect a significant year-over-year improvement in the company’s top line in the to-be-reported quarter, driven by ...
Income opportunity and multi-asset income funds ranked in the top third for the trailing three-year period and top half for the trailing five-year period in the Morningstar universe. The Income Opportunity fund, WHGIX, also recently received a Morningstar ratings upgrade to four stars.
According to eBay, the collectibles category was driven by year-over-year growth from trading cards, which includes both sports and TCG. Pokémon’s GMV saw triple-digit growth year-over-year for the third consecutive quarter.
Shares in US health insurers struggled after the release of third quarter results, which were marked by rising costs and political uncertainty. Read more here.
Altria reported mixed Q3 financials, beating on earnings but missing on revenue. The company reported $6.07 billion in quarterly revenue, crushing the $5.31 billion consensus estimate by 14.4% but representing a 3% year-over-year decline.
Despite that, Apple stock rose more than 3% following the report on upbeat guidance from CEO Tim Cook who told CNBC he believes the company will see double-digit iPhone revenue growth in the December quarter.
AI is booting engagement across Meta's social media platforms and driving interest in Meta glasses, but it comes at the cost of record CapEx spending.