Airbnb, AMD, Electronic Arts, and more

Airbnb (ABNB): Shares fell in extended trading following the firm warned of slowing fourth-quarter progress. Airbnb expects Evenings and Encounters Booked development to moderate marginally relative to the 3rd quarter on a yr about yr basis, thanks in section to strain from Fx headwinds. For the third quarter, Airbnb posted its most worthwhile quarter and document income, whilst energetic listings rose 15{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from a calendar year ago. Evenings and Ordeals booked rose 25{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from a year back to 99.7 million.

Sophisticated Micro Units (AMD): Shares pushed higher in extended investing following the chipmaker posted outcomes that have been ‘better than feared,’ CFRA’s Angelo Zino explained to Yahoo Finance. Income for the quarter was 5.6 billion even though modified earnings had been 67 cents for every share. Fourth-quarter earnings steerage of $5.2 billion to $5.8 billion skipped Wall Street’s expectations.

Mondelez (MDLZ): The corporation lifted its income and income forecasts and posted third-quarter final results that conquer expectations, pushing shares better right after hrs. Income ended up $7.76 billion, up 8.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from a calendar year in the past. CEO Dirk Van de Put wrote in the earnings launch, “Our third-quarter efficiency demonstrates the resilience of our snacking categories, strength of our makes, broad-primarily based web profits expansion of the two our emerging and made markets, helpful execution of pricing, and solid volume advancement, enabling us to increase our entire-yr revenue and earnings outlook.”

Electronic Arts (EA): The business lower its entire-yr web bookings finance to $7.65 billion to $7.85 billion, down from its preliminary forecast of $7.9 billion to $8.1 billion. For the fiscal 2nd quarter, EA’s net booking declined 5.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from a calendar year ago to $1.75 billion even though comprehensive activity earnings declined 2.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} yr-in excess of-year to $602 million.

Match (MTCH): Shares rose following the company’s fourth-quarter income topped estimates. Revenue for the quarter were being $809.5 million, up 1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from a year ago. Match also outlined designs to management charges, noting in the shareholder letter “Because we expect a hard operating ecosystem for the foreseeable upcoming, we system to speed up our endeavours to manage prices, primarily in headcount-relevant expenditures and advertising and marketing devote, in other places of the business enterprise.”

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Stocks turn lower with Fed policy, jobs data in focus

Wed Nov 2 , 2022
Shares shed ground Tuesday as extra earnings and financial data details rolled in and traders awaited the result of the Federal Reserve coverage meeting. The S&P 500 (^GSPC) turned lower by about .4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the day’s session, while the Dow Jones Industrial Typical (^DJI) ticked lessen about .2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The technology-heavy […]
Stocks turn lower with Fed policy, jobs data in focus

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