For the three months that ended on September 30, Meta reported about 2.09 billion daily active users (DAU), while analysts surveyed by StreetAccount expected around 2.07 billion.
Thanks to its stellar financial performance in the third quarter, the bank has raised its full-year outlook for 2023.
Visa stock is up by about 23% over the past 12 months and only slightly down from July 2021’s all-time high of $252.67.
Snap’s GAAP net loss in Q3 2023 increased by 2% year-on-year to $368 million or 23 cents per share.
Alphabet’s efforts to integrate generative AI technology into more products have been noticeable since the launch of OpenAI’s ChatGPT chatbot late last year.
According to Apple analyst Ming-Chi Kuo, if Apple comes up with new M3 Macs, their production volume is likely to be low. The analyst says the tight supply will last until the first quarter of 2024.
According to the earnings report, Microsoft’s commitment to AI-driven solutions yielded remarkable results, with the Azure OpenAI Service witnessing a significant rise in its customer base.
Verizon Communications closed the third quarter with 10.3 million broadband subscribers, a 21 percent increase YoY, thus representing its consecutive fourth quarter of net additions.
Nikola is expected to report its third-quarter earnings result on November 2, amid a push by the management to make the company profitable.
Looking forward, the IMF projections suggest a continued shift in the global economic landscape.
The company’s executives stated that it is possible to run such AI models on devices if the chips have enough processing speed and memory.
Coca-Cola is one of the few beverage and food companies worldwide still standing strong despite the ongoing global financial meltdown.
UniCredit has marginally increased its revenue projections for the year 2023 while anticipating a minimum net profit of 7.25 billion euros this year.
Despite facing challenges, the bank managed to report a net profit of £1.27 billion ($1.56 billion) for the quarter, slightly exceeding expectations of £1.18 billion.
The recent incident is not the first security issue Okta has encountered. In the past, there have been several incidents involving Okta or its products.