Tag: analysts' comments

Block stock drops after earnings, as Square’s parent company swings to a loss

Posted on By admin No Comments on Block stock drops after earnings, as Square’s parent company swings to a loss

Shares of Block Inc. fell 6% in after-hours trading Thursday after the payment-technology company swung to a loss in an earnings report that seemed to cause some controversy about whether the company actually beat or missed expectations on several key metrics. Block SQ, +1.85%, which somewhat recently changed its corporate name from Square, posted a…

Read More “Block stock drops after earnings, as Square’s parent company swings to a loss” »

Investment

Why Pinterest may be in a better spot than Snap and Twitter

Posted on By admin No Comments on Why Pinterest may be in a better spot than Snap and Twitter

Shares of Pinterest Inc. could be headed for their best one-day performance in more than a year after the company, which lets people collect inspirational ideas, struck a more upbeat tone than social-media peers despite the uncertain macroeconomic environment. Pinterest’s stock PINS, +2.62% was ahead 18.8% in premarket trading Tuesday following the latest earnings report….

Read More “Why Pinterest may be in a better spot than Snap and Twitter” »

Investment

Is PayPal about to cut its forecast yet again?

Posted on By admin No Comments on Is PayPal about to cut its forecast yet again?

PayPal Holdings Inc. has been bringing down expectations all year. Is the company done yet? Bernstein analyst Harshita Rawat wonders if another cut to PayPal’s revenue guidance is in store when the company posts results Tuesday afternoon. She noted that PayPal executives have most recently called for 15% to 17% revenue growth when excluding impacts…

Read More “Is PayPal about to cut its forecast yet again?” »

Investment

Snap’s ‘grim outlook’ sends stock on near-40% skid, slaps other social names

Posted on By admin No Comments on Snap’s ‘grim outlook’ sends stock on near-40% skid, slaps other social names

Shares of Snap Inc. and its peers tumbled on Friday, as Wall Street reeled from what were described by one aghast analyst as “terrible” results and downgrades rained down on the Snapchat parent. Snap shares SNAP, -38.20% skidded by as much as 39.3% through 1 pm Eastern on Friday, threatening to put up their second…

Read More “Snap’s ‘grim outlook’ sends stock on near-40% skid, slaps other social names” »

Investment

Goldman Sachs, Bank of America earnings shrink but offer some bright spots

Posted on By admin No Comments on Goldman Sachs, Bank of America earnings shrink but offer some bright spots

Goldman Sachs Group Inc. and Bank of America Corp. shares pared some of their steep losses for the year Monday, as they aired second-quarter results that provided bright spots despite lower overall earnings from the year-ago period. The two megabanks marked the last two of the six megabanks reporting weaker profits amid stark changes in…

Read More “Goldman Sachs, Bank of America earnings shrink but offer some bright spots” »

Investment