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

Amazon stock falls as least profitable holiday quarter since 2014 leads to its worst annual loss on record Inc. reported its least profitable holiday quarter since 2014 on Thursday, leading to the biggest annual loss on record for the e-commerce giant, which also disappointed Wall Street with its forecast amid concerns about cloud growth. Amazon AMZN, +7.38% reported a holiday profit of $278 million, or 3 cents a share, down from $1.39 … Read more

Google suffered ‘pullback’ in ad spending over holidays, Alphabet stock falls after earnings

Alphabet Inc.’s stock slipped nearly 5% in extended trading Thursday after the tech giant missed slightly on revenue and earnings in ho-hum quarterly results. Google’s parent company reported fiscal fourth-quarter total revenue of $76.05 billion, up from $75.3 billion a year ago. Earnings were $13.62 billion, or $1.05 per share, compared with $20.64 billion, or … Read more stock drops 20% as weak revenue forecast overshadows earnings beat 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, +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

Harley-Davidson’s stock on track for highest close in almost two years after earnings crush estimates

Harley-Davidson Inc.’s stock soared 9% Thursday, putting it on track for its highest close in almost two years, after the motorcycle company crushed earnings estimates for the fourth quarter. The move put the stock HOG, +9.73% on track for its highest close since it ended at $51.96 on May 17, 2021. The Milwaukee, Wisconsin-based company managed … 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

Alphabet earnings: What to expect from the Google parent company

Alphabet Inc. investors are probably breathing a little easier ahead of the company’s Thursday afternoon earnings report, all thanks to Facebook. There was some anxiety about the state of digital advertising heading into this earnings season, and Snap Inc. SNAP, -10.29% didn’t help matters by delivering a gloomy forecast Tuesday. But Facebook parent Meta Platforms … Read more

Apple earnings: What to expect from the iPhone maker

Apple Inc.’s iPhone business was hit by COVID-19 curbs in China. The company’s upcoming earnings report will show how deeply the company was impacted and how quickly it’s been able to recover. The smartphone giant doesn’t typically communicate with investors outside of earnings reports and calls, but Apple AAPL, +0.79% executives issued a rare warning … Read more

Meta’s ‘meteoric’ shift could power stock to its best day since 2013

Meta Platforms Inc. changed its narrative in a big way this week, and that’s resonating on Wall Street. Three months ago, Chief Executive Mark Zuckerberg and his leadership team sounded fairly defiant as they laid out big spending plans despite economic angst, an attitude that helped send shares toward one of their worst days on … Read more

Sony profit falls as movie business earnings weaken and cuts revenue forecast

Sony Group Corp.’s third-quarter net profit fell 5.6% from a year earlier due to weaker earnings from its movie business, it said Thursday. The Japanese electronics and entertainment company SONY, +0.10% 6758, +0.17% said that net profit for the quarter ended Dec. 31 fell to 326.81 billion yen ($2.53 billion) from Y346.16 billion a year … Read more