Alphabet sees a major drop in the revenue growth for its advertising business due to the unwelcoming macro advertising environment.
Despite strong results, the QCOM stock took a 4% dive as the company hinted at a slowdown for the fiscal fourth quarter which could impact its earnings.
Multinational tech company Alphabet has posted its Q2 2022 report which shows a 13% slowdown in revenue growth.
Based on its Q2 performance, Coca-Cola is now projecting organic revenue growth of 12% to 13%, up from the 7% to 8% it projected earlier.
Amid an underperforming crypto and equities market, JPMorgan states that firms such as Coinbase and Robinhood may resort to stock dilution.
The shift in consumer spending also affects Walmart’s subscription service, Walmart+.
In January, Apple’s market cap touched $3 trillion for the first time before the downturn in stock valuations hampered it.
Despite facing production headwinds during the second quarter, Tesla delivered better-than-expected output driving the stock market higher on Thursday.
Speaking on the 2022 Q2 performance, Snap CEO Evan Spiegel said the results do not reflect the company’s ambition.
Despite seeing its highest vehicle production month in history, Tesla also saw its automotive gross margin fall for the first time in a long while.
Released Q2 Netflix results show that the company lost fewer subscribers than estimated amid plans to launch a cheaper ad-supported tier.
For the second quarter earnings, IBM benefitted immensely from the activities of its newly spun public-traded information technology infrastructure services offshoot Kyndryl Holdings.
The analyst notes that the GOOGL stock is under pressure due to concerns about a slowing economy that might result in reduced ad spending.
The Dow saw a pullback of more than 200 points pullback during late-day trading as Apple plans to slow hiring and growth spending in 2023.
The stock futures tied to all three major indexes advanced after Goldman Sachs’ latest earnings report came in better than expected.