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    • Breaking News
    Feb 1, 2023
    • Electronic Arts said revenue in the December quarter increased 5.5% to $1.9 billion and net income soared to $204 million from $66 million and diluted EPS rose to 73 cents from 23 cents a year ago.
      • Brinker said revenue in the December quarter rose 10% to $1.0 billion and net income edged up to $27.9 million from $27.6 million and diluted EPS rose to 62 cents from 60 cents a year ago.
        • The Federal Reserve lifted its key lending rate range by 25 basis points to 4.25% to 4.50% and held out for more rate hikes to bring down inflation to 2%, matching the market expectations.
          • FedEx announced its plan to cut its officers and director staff by more than 10% and consolidate some teams and functions.
            • Jan 31, 2023
            • Advanced Micro Devices said the company swung to a quarterly loss in the fourth quarter on $1.4 billion amortization charge for intangibles linked to Xilinx acquisition.
              • PayPal Inc said it plans to lay off 2,000 or about 7% of its staff amid rising economic uncertainties.
                • Match Group said fourth quarter revenue declined 2% to $786 million and swung to a net income of $84.5 million from $168.7 million and diluted EPS was 31 cents from 60 cents a loss.
                  • Match Group said Tinder direct revenue was flat over the prior year quarter with a 3% increase in paying subscribers to 10.8 million and fell 1% to 16.1 million across all sites.
                    • Moody's Corp said revenue in the fourth quarter fell 16% to $1.3 billion and net income plunged 71% to $246 million and diluted EPS dropped to $1.34 from $2.28 a year ago.
                      • Moody's Corp board increased quarterly dividend by 10% to 77 cents a share payable to shareholders on record February 24 on March 17.