Amazon shares slide on lower Christmas sales forecast
E-commerce giant posts disappointing sales and guidance despite booming cloud unit
We haven't written up this one. Financial Times has the full story — the link below goes straight to it.
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Intel reports Q3 revenue up 21% YoY to $16.5B, vs. $16.5B est., and forecasts Q4 revenue and adjusted EPS below estimates; INTC drops 16%+ after hours (Katie Tarasov/CNBC)
Intel shares plummeted in extended trading on Thursday after the chipmaker issued a weak fourth-quarter forecast, citing continued softness in the global PC market.
Intel stock falls more than 22% after revenue forecast misses on PC weakness
Intel projected fourth-quarter revenue of $15 billion to $16 billion, while analysts had expected $17 billion, according to Bloomberg
CNXT Crowded With Sellers
In trading on Thursday, shares of the VanEck ChiNext Innovators ETF (Symbol: CNXT) entered into oversold territory, changing hands as low as $35.934 per share.
The stock market’s best forecasting tool says returns over the next 10 years will be dismal
The average U.S. household’s equity allocation is at an all-time high, and that doesn’t bode well, according to the ‘Single Greatest Predictor’
The stock market’s best forecasting tool says returns over the next 10 years will be dismal
The average U.S. household’s equity allocation is at an all-time high, and that doesn’t bode well, according to the ‘Single Greatest Predictor’
Amazon Falls Short Of Overall Revenue Prediction Despite AWS Revenue Growth Nearing 40%
Amazon’s cloud business generated $46 billion in revenue in the third quarter, but the company missed Wall Street’s total revenue and earnings per share predictions.