Apple offers breadcrumbs for a forecast, but is that enough to reassure Wall Street?

Apple Inc.’s breadcrumbs lead back to a familiar place: The iPhone is all that matters. After posting its largest revenue decline in more than six years — led by underwhelming iPhone sales — in its fiscal first-quarter earnings report Thursday, Apple once again refused to provide a traditional forecast for the coming quarter or year. … Read more

Sony shares gain on better-than-expected quarterly profit

Sony Group Corp. shares 6758, +4.70% gained Friday morning after its third-quarter net profit beat analysts’ expectations and the company raised its fiscal year net-profit forecast. Shares were recently 4.8% higher at 12,045 yen ($93.58) after rising as much as 5.8% earlier. The company said Thursday after market close that net profit fell 5.6% from … Read more

Apple earnings fall short on underwhelming sales of iPhones and Macs

Production issues in China seemed to impact Apple far more than expected in the holiday quarter, as the consumer-electronics giant delivered a miss for its iPhone category after the close of Thursday trading. Apple’s iPhone revenue fell to $65.8 billion in the fiscal first quarter from $71.6 billion a year before, whereas analysts tracked by … Read more

Bill.com stock drops 20% as weak revenue forecast overshadows earnings beat

Bill.com Holdings Inc. shares dropped in the extended session Thursday after the business automation software company’s revenue outlook struggled to exceed Wall Street expectations. Bill.com BILL, +8.18% shares fell as much as 20% after hours, following an 8.2% gain in the regular session to close at $128.91. The company reported a second-quarter loss of $95.1 … Read more

Ahead of Apple earnings, did wireless companies send a troubling signal?

Apple Inc. is due to report results after Thursday’s closing bell, but a pair of analysts saw something that was “not a good data point” in other earnings out so far. LightShed Partners analysts Walter Piecyk and Joe Galone highlighted that wireless operators showed off low upgrade rates in their fourth-quarter reports, and they “do … Read more

PayPal, Salesforce cut hundreds more employees as tech layoffs continue

Hundreds of PayPal Holdings Inc. employees have begun to be notified that their jobs are being cut on the same week that Chief Executive Dan Schulman announced thousands of layoffs. According to a PayPal PYPL, +4.88% filing with the state of California, the online-payments company is laying off 319 employees at its San Jose, Calif., … Read more

Qualcomm stock rises following slight earnings beat

Qualcomm Inc. shares rose in the extended session Thursday after the chip maker beat Wall Street expectations slightly on earnings, and projected confidence amid an outlook that fell just short of the consensus. Qualcomm QCOM, -1.89% shares rose 3% after hours, following a 1.9% decline in the regular session to close at $135.85. “The long-term … Read more

Align Tech’s stock surges 30% to lead S&P 500 as Invisalign sales resume growth

Align Technology Inc. shares rallied Thursday, making one of the worst stocks of 2022 among the best of 2023 so far. Align ALGN, +25.37% surged as much as 30% to an intraday high of $368.87, making it the best-performing stock on both the S&P 500 SPX, +0.98% and the Nasdaq 100 NDX, +2.84% Thursday, with … Read more

Apple, Amazon and Alphabet earnings are coming. Here’s what the stock options market is bracing for.

The options market has prepared for bigger-than-usual moves in the stocks of a trio of trillion-dollar companies, the day after they report quarterly earnings results. That’s because the implied volatility, or how much a stock can be expected to move over a certain period, of the stocks for Apple Inc. AAPL, +3.22%, Alphabet Inc. GOOGL, … Read more

Qorvo stock drops nearly 10% as analysts expect inventory correction to continue

Qorvo Inc. shares fell Thursday while the broader market rallied after analysts said inventory digestion will likely hamper the radiofrequency chip maker until the second half of the year. Qorvo QRVO, -4.80% shares fell nearly 10% Thursday to an intraday low of $102.60, a drop of 6%. The S&P 500 index SPX, +1.40%, meanwhile, was … Read more