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Paramount Global rose 3.9% after Sunday's announcement that the company would merge with Skydance Media, which has offered $4.5 billion in cash or stock and an extra $1.5 billion to shore up ...
The company's market cap stood at $2.15 trillion in early afternoon trading on Friday. Alphabet stock was up roughly 10% during the session. Revenue, excluding traffic acquisition costs, rose 16% ...
Microsoft announced its second quarter earnings on Tuesday, beating expectations on the top and bottom lines.The company reported adjusted earnings per share of $2.93 on revenue of $62 billion ...
Citigroup is in the middle of a complicated restructuring.It made it clear Wednesday that its fourth quarter earnings report Friday will be complicated, too. The giant New York-based bank said in ...
Accounting. v. t. e. In financial economics and accounting research, post–earnings-announcement drift or PEAD (also named the SUE effect) is the tendency for a stock’s cumulative abnormal returns to drift in the direction of an earnings surprise for several weeks (even several months) following an earnings announcement.
Net sales rose 13% from the same period last year to $143.3 billion, Amazon reported late Tuesday, topping analyst expectations of $142.6 billion, per Bloomberg data. The beat was driven by a 16% ...
In early August, Palo Alto made a rare shift to announce earnings after the bell on a Friday, a move not seen by an S&P 500 company since Nike in 2020. The stock had slumped nearly 20% on fears ...
In the first quarter, Intel said it anticipates earnings per share of $0.13 on revenue of between $12.2 billion and $13.2 billion. Analysts were looking for $0.34 per share on revenue of $14.2 ...