Breaking News
Feb 7, 2024
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Uber Technologies declined 2% to $69.0 after the ridesharing platform operator reported a double-digit rise in revenue and bookings in its latest quarter.
Revenue in the fourth quarter increased 15% to $9.9 billion from $8.6 billion, net income increased to $1.4 billion from $595 million, and diluted earnings per share jumped to 66 cents from 29 cents a year ago.
Gross bookings in the quarter surged 22% to $37.6 billion from $30.7 billion, driven by a 29% increase in mobility bookings to $19.3 billion and a delivery booking surge of 19% to $17.0 billion. -
Yum Brands declined 1.8% to $125.0 after the operators of Pizza Hut, KFC, and Taco Bell reported weaker-than-expected same-store sales increases in its latest quarter.
In the fourth quarter, worldwide system sales rose 5%, excluding foreign currency translation, with sales increasing at KFC chains by 7%, Taco Bell by 6%, and Pizza Hut by 1%.
Total revenues in the quarter increased 1% to $2.03 billion from $2.01 billion, net income surged 25% to $463 million from 371 million, and diluted earnings per share rose 26% to $1.62 from $1.29 a year ago.
The company increased its quarterly dividend to 60.5 cents from 57 cents a year ago. -
Palantir Technologies surged 15.8% to $19.38 after the company reported a jump in its commercial customers.
Revenue in the fourth quarter jumped 20% to $608.4 million from $508.6 million, net income soared to $93.4 million from $30.9 million, and diluted earnings per share advanced to 4 cents from 1 cent.
The company said demand for its AI-driven and large language-based platform is "unrelenting."
The company also said the number of commercial customers increased by 55% to 221 from 143 a year ago.
The company forecasted first-quarter revenue between $612 million and $618 million and full-year revenue between $2.65 billion and $2.67 billion. -
Chegg declined 7.5% to $8.60 after the online textbook platform operator estimated lower-than-expected revenue in the first quarter.
Revenue in the fourth quarter declined 8% to $188 million from $205.2 million, net income rebounded to $9.6 million from $1.9 million, and diluted earnings per share rose to 9 cents from 1 cent a year ago.
The company estimated revenue in the first quarter to range between $173 million and $175 million, gross margin between 73% and 74%, and adjusted operating earnings between $43 million and $45 million. -
NXP Semiconductors rose 3% to $227.60 after the advanced semiconductor chip maker reported better-than-expected quarterly results.
Revenue in the fourth quarter increased 3% to $3.4 billion from $3.3 billion, net income declined to $703 million from $734 million, and diluted earnings per share dropped to $2.68 from $2.76 a year ago.
Revenue in the full-year increased 1% to $13.3 billion from $13.2 billion, net income was unchanged at $2.8 billion, and diluted earnings per share edged up to $10.70 from $10.55 a year ago. -
DocuSign dropped 6.6% to $49.70 after the company said it plans to reduce 6% of its staff as a part of its restructuring effort to streamline its operations and reduce costs.
The company employed about 7,336 according to its latest filling with the Securities and Exchange Commission as of end of January 2023. -
Amazon.com jumped 6.4% to $169.35 after the online retailer reported better-than-expected quarterly results.
Revenue in the fourth quarter increased 14% to $170 billion from $149.2 billion, net income rose to $10.6 billion from $0.3 billion, and diluted earnings per share advanced to $1.0 from 3 cents a year ago.
The company estimated net sales in the first quarter between $138 billion and $143.5 billion, an increase between 8% and 13% from a year ago.
Operating income is expected between $8 billion and $12 billion, compared to $4.8 billion in the quarter a year ago. -
Apple declined 2.9% to $181.87 after the computer device maker reported better-than-expected sales in the latest quarter, but the company's struggle in China overshadowed overall results.
Net sales in the fourth quarter increased to $119.6 billion from $117.1 billion, net income jumped to $33.9 billion from $29.99 billion, and diluted earnings per share rose to $2.18 from $1.88 a year ago.
Sales in Greater China declined to $20.8 billion from $23.9 billion; in the Americas, sales increased to $50.4 billion from $49.3 billion; and in Japan, sales rose to $7.7 billion from $6.7 billion. -
Meta jumped 17% to $461.50 after the online networking platform operator reported a sharp rise in revenue and earnings and announced its first dividend.
Revenue in the fourth quarter soared 25% to $40.1 billion from $32.2 billion, net income advanced to $14.0 billion from $4.6 billion, and diluted earnings per share jumped to $5.33 from $1.76 a year ago.
The company repurchased $6.32 billion and $20.03 billion of its common stock in the fourth quarter and full year 2023, respectively.
As of the end of 2023, the company had $30.93 billion available and authorized for stock repurchases, and the company announced a $50 billion increase in its share repurchase authorization today.
The company declared its first-ever quarterly cash dividend of 50 cents per share payable on March 26 to shareholders on record on February 22. -
Exxon Mobil jumped 1% to $103.39 after the largest U.S. oil company reported better-than-expected quarterly results, but profit fell sharply because of a sharp decline in crude oil prices.
Total revenue in the fourth quarter declined to $84.3 billion from $95.4 billion, net income dropped to $7.6 billion from $12.7 billion, and diluted earnings per share fell to $1.91 from $3.09 a year ago.
The company declared a first-quarter dividend of 95 cents per share payable on March 11 to shareholders on record on February 14.
For the full year, the company distributed in 2023 to shareholders $32.4 billion, including $14.9 billion in dividends and $17.4 billion in stock repurchases.
The company also announced its plan to produce lithium through a mining operation in southwest Arkansas, with the potential to supply one million electric vehicles per year.
Feb 6, 2024
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