Source: PaxForex Premium Analytics Portal, Fundamental Insight Unlike most major tech companies, Meta Platforms stock has surged after its recent earnings report. Facebook's parent company didn't report particularly strong numbers. Revenue for the quarter tumbled 4% to $32.2 billion, and earnings per share fell 52% to $1.76, though when adjusted for restructuring costs, earnings per share fell 18% to $3, which was better than forecast. Looking ahead to Q1, the company expects another modest decline in revenue, a sign of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Apple has long been the company that Wall Street likes to loathe. Sure, there are plenty of fans of the iPhone maker, but as soon as any unfavorable factors appear, analysts scatter as everyone starts predicting that Apple has reached the end of its growth phase and its glory days are behind it. Until the next earnings report, when so-called surprises are inevitable as to how solid its business really is. For example, iPhone sales plunged 8.1 percent to $65.8 billion in fiscal...
Source: PaxForex Premium Analytics Portal, Fundamental Insight When Microsoft reported its earnings for Q2 of the fiscal year 2023, management told Wall Street what was already expected. For example, everyone knows that the short-term outlook looks very bleak because of the unfavorable macroeconomic situation. If you want to short Microsoft, you can rely on the fact that revenue growth is sluggish and the outlook for the next quarter is less than estimated as a talking point. But if you're a fan, the company has highlighted several...
Source: PaxForex Premium Analytics Portal, Fundamental Insight UK Construction Output Seasonally Adjusted for December is predicted to decrease by 0.2% monthly and rise by 2.8% annualized. Forex traders can compare this to UK Construction Output Seasonally Adjusted for November, which rose by 0.4% monthly and 4.0% annualized. UK Total Business Investment for the fourth quarter is predicted to decrease by 0.3% quarterly. Forex traders can compare this to UK Total Business Investment for the third quarter, which dropped by 2.5% quarterly,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Intel had arguably one of the worst years in the history of the stock. A component of the Dow Jones Industrial Average and one of the largest semiconductor companies in the world ended 2022 with earnings down 20% to $63.1 billion. For the year, the company lost $9.4 billion in free cash flow, and its stock price dropped nearly 50 percent. Even worse, Intel expects a loss in the first quarter of 2023 and forecasts a 40% year-over-year drop in revenue. The chip maker is not...