EBay and Etsy drop on weak guidance as e-commerce crunch continues

In this article ETSY AMZN An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy and eBay reported better-than-expected first-quarter results after the bell on Wednesday, but the companies gave weak guidance for the current quarter that suggests the e-commerce sector…

Uber reports surging revenue as drivers return, but posts massive loss on investments

In this article UBER Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber reported first-quarter earnings before the bell on Wednesday. Here are the key numbers: Loss per share: $3.04 (GAAP), not comparable to analyst estimates Revenue: $6.85 billion vs….

Moderna blows out first-quarter earnings expectations, triples Covid vaccine sales

In this article MRNA The Moderna Covid-19 vaccine awaits administration at a vaccination clinic in Los Angeles, California on December 15, 2021. Frederic J. Brown | AFP | Getty Images Moderna sold $5.9 billion of its Covid vaccine in the first quarter, blowing out revenue and profit expectations. The biotech company’s shares soared by more…

AMD sales jump 71%, shrugging off concerns about PC slowdown

In this article AMD Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue, sending the stock up over 3% in extended trading. Here’s how the chipmaker did versus Refinitiv consensus estimates in the quarter ending March: EPS: $1.13, adjusted, versus…

BP reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit

A BP logo on display in London, U.K., on Tuesday, Feb. 2, 2021. Chris J. Ratcliffe | Bloomberg | Getty Images BP on Tuesday reported bumper first-quarter profits and boosted share buybacks, despite posting a massive loss after offloading its nearly-20% stake in Russian-controlled oil company Rosneft. BP’s first-quarter underlying replacement cost profit, used as…

Pfizer reports combined sales of $15 billion for Covid vaccine and antiviral treatment in first quarter

In this article PFE Albert Bourla, chief executive officer of Pfizer pharmaceutical company, arrives to ring the closing bell at the New York Stock Exchange. Drew Angerer | Getty Images Pfizer beat on its top and bottom line in its first quarter earnings report after booking strong sales of its Covid vaccine and oral antiviral…

Uber reports first-quarter earnings on Wednesday: Here’s what Wall Street’s watching

In this article UBER Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber will report first-quarter earnings after the bell on Wednesday and Wall Street notes to investors are providing insight into what investors might expect. The latest…

McDonald’s revenue tops estimates, fueled by price hikes and overseas same-store sales growth

In this article MCD McDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY. Eduardo Munoz | Getty Images McDonald’s on Thursday reported better-than-expected revenue, fueled by price hikes in the U.S. and strong international sales growth. Shares of the company rose more than…

Berkshire earnings decline in the first quarter on slowing economic growth, stock market pullback

In this article BRK.A Warren Buffett Gerry Miller | CNBC Warren Buffett’s Berkshire Hathaway reported Saturday a decline in first-quarter earnings, as the conglomerate was not immune to a slowing U.S. economy. The company’s net earnings came in at $5.46 billion, down more than 53% from $11.71 billion in the year-earlier period. Berkshire’s operating earnings…

Comcast shares slump as broadband subscriber growth continues to slow

In this article CMCSA Brian Roberts, chairman and chief executive officer of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast is set to announce its first-quarter earnings before the opening bell on Thursday. Here’s what Wall Street is expecting: Earnings: 80 cents per share, according to Refinitiv Revenue: $30.5 billion, according to…

Merck sold $3.2 billion of its Covid oral antiviral treatment, driving first-quarter revenue growth

Medicine pill is seen with Merck logo and words ‘Molnupiravir’ and ‘COVID-19’ displayed on a screen in the background in this illustration photo taken in Poland on November 5, 2021. Jakub Porzycki | NurPhoto | Getty Images Merck sold $3.2 billion of its oral antiviral treatment for Covid in the first quarter, fueling the company’s…

Intel beats but offers disappointing guidance

In this article INTC Intel shares fell 4% in extended trading on Thursday after the chipmaker issued a lower-than-expected forecast for its fiscal second quarter. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 81 cents as expected by analysts, according to Refinitiv. Revenue: $18.35 billion, vs. $18.31 billion as expected by…