Qualcomm revenue falls 12%, guidance implies more pain this quarter

Cristiano Amon, CEO of Qualcomm. Steve Marcus | Reuters Qualcomm shares rose by as much as 4% in extended trading on Thursday after the chipmaker reported lower fiscal first-quarter revenue than analysts had predicted and issued weak quarterly guidance. Here’s how the company did: Earnings: $2.37 per share, adjusted, vs. $2.34 per share as expected by analysts, according to Refinitiv. Revenue: $9.46 billion, vs. $9.60 billion as expected by analysts, according to Refinitiv. Qualcomm’s overall revenue decreased 12% year over year in the quarter, which ended Dec. 25, according to…

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Starbucks is about to report earnings. Here’s what to expect

A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Starbucks is expected to report its fiscal first-quarter earnings after the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 77 cents expected Revenue: $8.78 billion expected Shares of Starbucks have risen more than 12% over the last year, fueled by investor optimism around China’s reopening and the persistence of U.S. consumers’ coffee habits. Wall Street is predicting the coffee giant will report…

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Apple reports earnings after the bell Thursday

Tim Cook, chief executive officer of Apple Inc., speaks during a “First Tool-In” ceremony at the TSMC facility under construction in Phoenix, Arizona, on Tuesday, Dec. 6, 2022. Caitlin O’Hara | Bloomberg | Getty Images Apple reports fiscal first-quarter earnings after the bell. Analysts expect the iPhone maker to post its first year-over-year revenue decline since 2019. Here’s what Wall Street is expecting, per Refinitiv consensus expectations. Revenue: $121.19 billion Earnings per share: $1.94 per share iPhone revenue: $68.29 billion iPad revenue: $7.76 billion Mac revenue: $9.63 billion Other products…

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Amazon to report quarterly results after market close

Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle. Bruce Bennett | Getty Images Sport | Getty Images Amazon will report fourth-quarter earnings after the market close on Thursday. Here’s what analysts are expecting: Earnings: 18 cents per share, according to Refinitiv estimates Revenue: $145.42 billion, according to Refinitiv estimates Amazon Web Services: $21.87 billion, according to StreetAccount Advertising: $11.38 billion, according to…

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Ford is set to report results after the bell. Here’s what Wall Street expects

Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor is set to report its fourth-quarter earnings after the bell Thursday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per share: 62 cents Automotive revenue: $40.37 billion In October, Ford confirmed its prior full-year guidance of adjusted earnings before interest and taxes of between $11.5 billion and $12.5 billion.…

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Alphabet set to report fourth-quarter results after the close

Sundar Pichai, chief executive officer of Alphabet Inc., speaks during the CEO Summit of the Americas hosted by the US Chamber of Commerce in Los Angeles, California, US, on Thursday, June 9, 2022.  Kyle Grillot | Bloomberg | Getty Images Google parent Alphabet will report fourth-quarter earnings Thursday after the close of regular trading. Here’s what analysts are expecting: Earnings: $1.18 per share, according to Refinitiv estimates. Revenue: $76.53 billion, according to Refinitiv estimates. YouTube advertising revenue: $8.25 billion, according to StreetAccount estimates. Google Cloud revenue: $7.43 billion, according to StreetAccount…

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Peloton losses narrow as subscription revenue again outpaces equipment sales

Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscriptions revenue was higher than sales of the company’s connected fitness products. CEO Barry McCarthy called the results a possible “turning point” for the business, which has spent much of the past year executing an aggressive turnaround strategy.  The fitness equipment company’s fiscal second quarter revenue beat Wall Street’s expectations,…

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UPS revenue falls short of expectations despite growth in U.S. business

UPS electric vehicle delivery van on 2nd December 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images United Parcel Service reported fourth-quarter revenue below Wall Street’s expectations Tuesday morning, as the company continues to see volume decline amid cooling demand. Here’s how UPS performed in the fourth quarter, compared with what Wall Street anticipated, based on an average of analysts’ estimates compiled by Refinitiv: Adjusted earnings per share: $3.62 vs $3.59. Total revenue: $27.03 billion vs $28.09 billion. For the three-month period ended Dec. 31, the company…

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McDonald’s is about to report earnings. Here’s what to expect

A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell Tuesday. Here’s what analysts surveyed by Refinitiv are expecting the company to report: Earnings per share: $2.45 expected Revenue: $5.69 billion expected The Chicago-based fast food company is considered a bellwether for the broader restaurant industry and general consumer spending trends. This time around, it’s also reporting its earnings ahead of the pack, setting expectations for…

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General Motors is set to report earnings before the bell. Here’s what Wall Street expects

Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per share: $1.69 Revenue: $40.65 billion GM in November tightened its projected range for 2022 adjusted earnings to between $13.5 billion and $14.5 billion, compared with previous guidance of between $13 billion and $15 billion. It also increased its cash flow guidance to between $10 billion and $11 billion, up from…

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