Altice USA stock sinks after tough third quarter earnings

In this article ATUS Follow your favorite stocksCREATE FREE ACCOUNT Igor Golovniov | Lightrocket | Getty Images Altice USA‘s shares fell 29% Thursday, after the company posted a weak earnings report. The company, which provides broadband, cable-TV, wireless and phone services, saw its shares sink following Wednesday’s earnings report that net income and revenue fell…

Coinbase reports better-than-expected user numbers even as third-quarter revenue plunges

In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Coinbase reported user numbers that topped analysts’ estimates even as third-quarter revenue missed estimates and the cryptocurrency exchange had a wider-than-expected loss….

Paypal drops on light revenue forecast for Q4

In this article PYPL Follow your favorite stocksCREATE FREE ACCOUNT The PayPal logo displayed on a smartphone screen with a stock market graphic in the background. Omar Marques | SOPA Images | LightRocket | Getty Images PayPal shares fell more than 5% in after-hours trading, despite beating earnings and revenue expectations for the third quarter,…

Twilio tumbles after issuing a soft quarterly revenue projection

In this article TWLO Follow your favorite stocksCREATE FREE ACCOUNT Jeff Lawson, CEO, Twilio Scott Mlyn | CNBC Twilio shares fell as much as 20% in extended trading on Thursday after the cloud communications software maker announced third-quarter results that gave a soft revenue outlook. Here’s how the company did: Loss: Loss of 27 cents…

Starbucks U.S. sales climb as customers spend more on pricey drinks

In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks on Thursday reported quarterly earnings and revenue that topped analysts’ estimates, fueled by U.S. customers spending more on iced coffee drinks and Pumpkin Spice Lattes. The Seattle-based coffee company also said U.S. traffic improved in the quarter, and has nearly bounced back to 2019…

Credit Suisse shares plunge 18% as bank announces huge third-quarter loss and strategic overhaul

Credit Suisse shares plunged 18% on Thursday after the Swiss bank posted a quarterly loss that was significantly worse than analyst estimates, and announced a massive strategic overhaul. The embattled lender posted a third-quarter net loss of 4.034 billion Swiss francs ($4.09 billion), compared to analyst expectations for a loss of 567.93 million Swiss francs….

McDonald’s earnings beat as customers return despite higher prices

In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s on Thursday said traffic to its U.S. restaurants is growing, helping the fast-food giant top analysts’ expectations for its quarterly earnings and revenue. The company is bucking a trend seen by other chains, which have reported shrinking traffic after raising menu prices. Many restaurants, including McDonald’s and its…

Southwest says travel demand still strong, warns Boeing delays could continue into 2024

In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT A Southwest Airlines Co. Boeing 737 passenger jet pushes back from a gate at Midway International Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021. Luke Sharrett | Bloomberg | Getty Images Southwest Airlines on Thursday joined other airlines in forecasting that strong…

Comcast tops expectations as it squeezes out a small gain in broadband subscribers

In this article CMCSA Follow your favorite stocksCREATE FREE ACCOUNT The Comcast building in New York. Scott Mlyn | CNBC Comcast on Thursday reported third-quarter earnings that beat analyst estimates, despite seeing revenue slightly decline and continued softness in broadband customer growth. The company’s shares closed 1.5% higher Thursday. Here’s how Comcast did in the…

Altria quarterly earnings miss estimates as cigarette maker’s revenue falls

In this article MO PM CRON-CA Follow your favorite stocksCREATE FREE ACCOUNT Altria Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Cigarette maker Altria Group on Thursday reported third-quarter earnings that missed Wall Street estimates as its revenue fell. Here’s…

Intel announces up to $10 billion in cost reductions through 2025

Intel CEO Pat Gelsinger speaks during the Mobileye Global Inc. IPO at the Nasdaq MarketSite in New York on Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million. Michael Nagle…