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Disney Plus and Hulu have recently achieved a significant milestone by posting a profit for the first time. In the latest earnings report released by Disney, it was revealed that both streaming services made a combined profit of $47 million this past quarter. This turnaround is remarkable considering the $587 million loss reported at the
Palantir shares took a hit, dropping around 7% in extended trading after the defense tech firm reported weaker-than-expected guidance. The company’s earnings per share came in at 8 cents adjusted, in line with expectations, but its revenues of $634 million fell short of the $625 million expected by analysts. Looking ahead, Palantir issued guidance for
Coinbase recently released its first-quarter earnings report, surprising analysts with better-than-expected revenue. Despite this positive news, the stock saw a 2% decline in extended trading. The company reported earnings of $4.40 per share, significantly higher than the $1.09 average analyst estimate. Additionally, Coinbase generated revenue of $1.64 billion, surpassing the expected $1.34 billion. One of
Amazon is expected to report revenue growth of 12% for the first quarter, continuing a trend of expansion in the low double digits for the fourth straight quarter. This would represent a slight acceleration from the previous year. The company’s earnings per share are anticipated to be 83 cents, with revenue hitting $142.5 billion. Analysts
In recent years, the tech industry has seen a surge in job layoffs despite the impressive earnings of tech giants like Alphabet and Microsoft. Layoffs.fyi reported over 263,000 job losses in 2023 alone, with more than 75,000 jobs lost in the first few months of 2024. This trend has caused concern among tech workers and
In a surprising turn of events, the top digital advertising companies have managed to bounce back from a challenging period in 2022. Despite navigating through layoffs, cost cuts, and economic instability, companies like Meta, Snap, and Google have shown significant revenue growth in the first quarter of 2023 that exceeded analysts’ estimates. This resurgence in
Former Tesla executive Drew Baglino recently made headlines after announcing his resignation from the electric vehicle company. Baglino, who had been with Tesla since 2006, decided to sell around $181.5 million worth of shares in the company as part of his departure. His resignation came amidst a period of change for Tesla, including layoffs and