AT&T Stock Leaps After Q4 Earnings Beat, Dividend Support
"We met or surpassed all of our profitability targets for the year all while investing at record levels," said CEO John Stankey.
"We met or surpassed all of our profitability targets for the year all while investing at record levels," said CEO John Stankey.
Shares of Lumen Technologies (NYSE: LUMN), a cloud connectivity and security solutions company, were plunging Wednesday after it reported its fourth-quarter results. The company actually beat Wall Street's consensus estimates for the quarter, but investors focused their attention on management's disappointing guidance. Lumen's non-GAAP earnings per share were down 15% from the year-ago quarter to $0.43, but that easily outpaced analysts' average estimate of $0.19 for the quarter.
Expectations for a slowdown in some of Enphase's business in the first quarter took the air out of the stock today.
Shares of Teva Pharmaceutical Industries (NYSE: TEVA) were sliding 5.4% lower as of 11:47 a.m. ET on Wednesday. The decline came after the drugmaker announced its 2022 full-year and fourth-quarter results. Teva reported fourth-quarter revenue of $3.88 billion, down 5% year over year.
Intel (NASDAQ: INTC) might have just had one of the worst years in the history of blue chip stocks. During the year it lost $9.4 billion in free cash flow and the stock price fell nearly 50%. An inventory glut in the semiconductor industry, especially in PC chips, hammered peers like Advanced Micro Devices and Micron Technology as well, and a decline in PC demand is also weighing on performance.
Recently, Zacks.com users have been paying close attention to AMC Entertainment (AMC). This makes it worthwhile to examine what the stock has in store.
Disney reported quarterly results after the bell on Wednesday. Here's what to know.
V.F., an S&P 500 Dividend Aristocrat, raised its payout for at least 25 straight years before cutting. Here's how to select dividend stocks for safety.
Yahoo Finance Live anchors discuss fourth-quarter earnings for CVS.
Overall, economic growth has slowed down over the past year or so, and many businesses are suffering as a result. In fact, some well-established businesses with clear paths to profitability are still growing at annualized rates of 50% or more -- and here are two that look especially promising. In the latest quarter, CrowdStrike's revenue grew 53% year over year despite the challenging economic climate, and while the company isn't consistently profitable yet on its bottom line, it is generating more free cash flow than ever before.
Ahead of Disney's earnings call later today, investors eagerly await CEO Bob Iger's revival plan for the company, including Disney+ subscriber growth, subsidiary streaming platforms, and theme park revenue.
Shopify (SHOP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of Compass Minerals International (NYSE: CMP) had tumbled nearly 13% at 10:30 a.m. ET on Wednesday. Compass Minerals International got "off to a mixed start" in its fiscal year, according to comments by CEO Kevin Crutchfield in the earnings press release. While results improved in its salt division, weak demand in its plant nutrition segment and cost pressures hurt its financial results.
The telecommunications company pressed the reset button and disappointed Wall Street with its outlook in a Tuesday afternoon report
C3.ai (NYSE: AI) and Palantir (NYSE: PLTR) represent two different plays on the secular growth of the enterprise AI software market. C3 develops AI algorithms that can be integrated into an organization's existing software to automate tasks, improve employee safety, cut costs, and detect fraud. Palantir's platform accumulates large amounts of information from disparate sources to help organizations make better data-driven decisions.
Paycom's (PAYC) Q4 results reflect the benefits of strong demand, new business wins and the adoption of recent new product offerings.
What happened After selling off 11% on Tuesday, shares of artificial intelligence stock C3.ai (NYSE: AI) roared back this morning, gaining 8.9% through 10:30 a.m. ET. It wasn't anything that C3.ai said or did, however, that sparked this rally.
Shares of electric-vehicle maker Tesla continued their rebound Wednesday, rising above the $200 barrier. Take some profits now.
Shares of enterprise-software company New Relic (NYSE: NEWR) jumped on Wednesday after it reported financial results for the third quarter of its fiscal 2023. Adjusted profits came in much higher than Wall Street expected, and that's a leading reason New Relic stock was up 20% as of 11:40 a.m. ET. New Relic's management had guided for Q3 revenue of up to $235 million.
Shares of luxury fashion company Capri Holdings (NYSE: CPRI) dropped like a rock on Wednesday after the company delivered quarterly results and financial guidance that fell short of Wall Street's expectations. As of 10:30 a.m. ET, Capri Holdings stock was down by a whopping 25%, pushing it below where it was trading exactly 10 years ago. Wall Street's reaction to Capri Holdings' results for its fiscal 2023 third quarter looks a little extreme when considering its top-line figure.
Berkshire Hathaway B (BRK.B) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.