The S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) equity indexes advanced for the second consecutive day.
For the fourth quarter, Coinbase has already generated about $105 million of transaction revenue in October. The company expects Q4 subscription and services revenue to be approximately flat compared to Q3, as well as predicts ‘meaningful’ positive adjusted EBITDA for 2023.
Block provided strong guidance for the full year of 2023 while anticipating the gross profit in the range of $7.44 billion to $7.46 billion.
Apple reported quarterly revenue of $89.5 billion, down 1 percent YoY, and a cash pile of $162.1 billion down from $166.5 billion at the same time last quarter.
There was a recorded rally among several stocks as the Federal Reserve decided that it would leave interest rates untouched.
After all the challenges WeWork has faced, the news about its going bankrupt does not seem surprising. The company did not comment on the announcement yet.
AMD hopes to generate about $400 million in sales from its graphics processing units for AI workloads in the fourth quarter2023, which will result in a rise to $2 billion in fiscal 2024.
The new computers, including MacBook Pro and iMac models, are set to hit the market next week.
As a result of all the challenges faced by Tesla, its long-time partner Panasonic is also bearing losses. It has lowered its full-year operating profit forecast for its battery unit to ¥115 billion ($771 million) from ¥135 billion, as the demand for Tesla EVs in North America slowed down.
In light of HSBC’s robust results, the banking giant’s board approved a third interim dividend of 10 cents per share.
The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets.
Following the Q3 2023 report, Intel stock rose by more than 7% in after-hours trade, after closing the session at $32.52 per share. As of the press moment, Intel stock is trading at $35.15. Its market cap has hit $137.49 billion. Year-to-date, Intel shares are 23.04% up.
For the fourth quarter that involves the key holiday season, Amazon has given its sales forecast to be between $160 billion and $167 billion.
Despite the recent setbacks, Standard Chartered had been on an upward trajectory before the China-related issues came to the forefront.
Mercedes-Benz cited higher inflation, supply chain-related costs, and a 329-million-euro foreign exchange setback, among the factors that shrank its Q3 2023 earnings.