Check out the companies making headlines in midday trading. Meta Platforms — The Facebook and Instagram parent soared 20% after reporting a threefold rise in fourth-quarter profit and declaring its first dividend, to be paid in late March. Revenue jumped 25% from a year earlier, the fastest rate of growth for any period since mid-2021. Apple — The iPhone maker’s shares inched down 0.3% after Apple provided financial guidance for the current quarter that hinted at weak iPhone sales. The company reported $2.18 in earnings per share in its fiscal first quarter ending in December, above the $2.10 expected by analysts according to LSEG, formerly known as Refinitiv, despite a sales decline in China. Amazon — Shares of the dominant e-commerce platform jumped more than 7% on the back of an earnings and revenue beat in the fourth quarter. Amazon posted $1 in earnings per share on $169.96 billion in revenue, according to LSEG. Analysts had forecast 80 cents in earnings per share on $166.21 billion in revenue. Skechers — The stock slumped 7.6% one day after the sneaker maker posted mixed fourth-quarter results and issued light guidance for the full year. Skechers forecast 2024 revenue in a range between $8.6 billion and $8.8 billion and earnings of $3.65 to $3.85 per share. Analysts polled by LSEG had estimated $8.9 billion in revenue and earnings of …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Meta Platforms — The Facebook and Instagram parent soared 20% after reporting a threefold rise in fourth-quarter profit and declaring its first dividend, to be paid in late March. Revenue jumped 25% from a year earlier, the fastest rate of growth for any period since mid-2021. Apple — The iPhone maker’s shares inched down 0.3% after Apple provided financial guidance for the current quarter that hinted at weak iPhone sales. The company reported $2.18 in earnings per share in its fiscal first quarter ending in December, above the $2.10 expected by analysts according to LSEG, formerly known as Refinitiv, despite a sales decline in China. Amazon — Shares of the dominant e-commerce platform jumped more than 7% on the back of an earnings and revenue beat in the fourth quarter. Amazon posted $1 in earnings per share on $169.96 billion in revenue, according to LSEG. Analysts had forecast 80 cents in earnings per share on $166.21 billion in revenue. Skechers — The stock slumped 7.6% one day after the sneaker maker posted mixed fourth-quarter results and issued light guidance for the full year. Skechers forecast 2024 revenue in a range between $8.6 billion and $8.8 billion and earnings of $3.65 to $3.85 per share. Analysts polled by LSEG had estimated $8.9 billion in revenue and earnings of …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
