Google parent Alphabet revealed plans to layoff around 12,000 workers globally, echoing tech peers' job cuts amid economic uncertainty. Alphabet's retrenchments are expected in engineering and product teams as well as upper-level management. A Reuters report mentioned that Google CEO Sundar Pichai has informed employees of the job cuts through a memo. Earlier this week, Microsoft announced...
Hello Group Inc.’s third-quarter FY22 net revenue fell -14% year-on-year to $454.5 million,but surpassed the consensus of $445.8 million (according to Benzinga report). Revenues from the Live video service plunged -23.5% year-over-year to $233.0 million. Total value-added service was up +0.3% y/y to $216.2 million, while Mobile marketing revenue decreased -34.8% Y/Y to $4.0 million. Mobile...
Signals from Pattern Search Engine Tickeron is bringing high-powered Artificial Intelligence (A.I.) technology to the retail investment community that, in our opinion, rivals the technology and approach used at major Wall Street firms. The Ph. D founders of Tickeron have spent several years researching and building an Artificial Intelligence-based search engine that allows active investors to...
Chinese online search engine Baidu reported non-GAAP earnings per American depository share (EPADS) of $2.37, which was 17 cents higher than Wall Street consensus. Sales of $4.57 billion were climbed + 2% year-over-year. "Baidu Core delivered a solid set of financial and operational results in the third quarter, despite the continued challenges posed by the COVID-19 resurgence," mentioned CEO...
Shares of Alphabet fell about -7% in extended trading on Tuesday and then plunged more than -6% Wednesday, after the tech behemoth missed revenue and earnings expectations on Tuesday. Earnings came in at $1.06 per share, well below the $1.25 expected by analysts (according to Refinitiv estimates). Revenue of $69.09 billion also missed analysts’ expectation sof $70.58 billion (according to...
Baidu Inc. posted its second quarter earnings and revenue that surpassed analysts’ expectations. The China-based internet company reported a net income of RMB3.64 billion ($543 million), bouncing back from a loss of RMB583 million, or RMB1.70 per ADS, in the year-ago period. Adjusted earnings per ADS climbed to RMB15.79 (from RMB15.41), topping analysts’ expectations of RMB10.66 (according to...
Swing trader: Long-Short Equity Strategy The main goal of this AI Robot is to allow traders to make profit consistently regardless of the current market conditions. Long-short equity is a trading strategy that takes long positions in stocks that are expected to grow and short positions in stocks that are expected to decline. Based on our proprietary fundamental analysis methods, we have...
Since January 2022, the main US stock index S&P 500 has fallen by 12%. And the maximum drawdown in June reached 23%... During the same period, several of our AI Robots have shown excellent results. Take a look at this robot: Trend Robot With Pattern Entries This AI Robot generate trades by finding oversold or overbought dips on charts with 15 min time frames. The Entry Points (Buy signals for...
Alphabet reported its second-quarter earnings that missed analysts’ expectations. The tech giant’s adjusted earnings fell -11% from the year-ago quarter to $1.21 per share, also lower than the $1.28 expected by analysts (according to Refinitiv poll of analysts). Revenue grew +12.6% from the year-ago quarter to $69.7 billion compared to $69.9 billion expected. The company’s revenue from...
Swing Trader (BABA, F, META, NVDA, WMT) This type of AI Robot is best suited for swing traders with a moderate level of risk. These AI Robot opens both long and short positions on such stocks with medium and low volatility as F, BABA, WMT, NVDA, and META. The average trade duration is 3 days, which allows our users not to spend a lot of time tracking their positions. After entering the trade,...
Tencent posted its first quarter results, where revenue across all business segments slipped -0.12% from the year-ago quarter to 135.47 billion yuan —below FactSet consensus estimates for 140.82 billion yuan. The Chinese company’s profit attributable to shareholders decreased by -23% from a year ago. Revenue from the business segment that includes gaming (which is Tencent's largest source of...
Tesla CEO Elon Musk has decided to put his Twitter acquisition on hold temporarily, according to his latest tweets on the same. "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk tweeted, while adding he was "still committed to acquisition." The initial tweet followed a May 2 story published by...
Twitter shares climbed +6% in the afternoon, on reports that the microblogging company is nearing a deal with Elon Musk that could be announced as soon as Monday. The Wall Street Journal reported that the deal was expected by market close. Earlier this month, Tesla CEO Musk offered to buy Twitter for $54.20 a share, or about $43 billion. Twitter had adopted a so-called poison pill to avoid a...
Micro-blogging website Twitter shares climbed on Monday, but are still lower than the takeover bid offered by Elon Musk last week. Musk , Tesla’s CEO, tweeted on Monday that he would eliminate all board members, taking collective salaries to "$0 if my bid succeeds, so that’s ~$3M/year saved right there". Last week, Musk announced a surprise $43 billion takeover bid, around a week after he had...
Our Trend Prediction Engine will instantly generate AI-driven projections on whether a stock is going up or down for the next week or a month. The algorithm analyzes past price changes and generates unique insights about the possibilities of future fluctuations. TPE analyzes trends for Stocks, Penny Stocks, ETFs, Mutual Funds, Cryptocurrencies, and FOREX. This illustrates three basic...
BuzzFeed is shrinking its workforce and shifting the focus of its news division as the digital media company, in a bid to boost its profitability. The company is offering voluntary buyouts in its 100-person newsroom and some top editors are leaving. They include Mark Schoofs, the editor in chief of BuzzFeed News, Ariel Kaminer, the executive editor for investigations, and deputy editor in...
Match Group reported its fourth-quarter earnings, that fell short of analysts' expectations. The dating app company incurred a loss of -$0.47 per share, compared to the Street expectations of earnings of $0.60 a share. Revenue came in at $806 million in the quarter, below analysts’ expectation of $821 million. Total revenue per payer (RPP) rose +8% year over year to $16.16 million. RPP from...
Alphabet reported its fourth quarter earnings that surpassed analysts’ expectations. Revenues also came in higher than anticipated. The tech behemoth’s earnings for the quarter was $30.69, well above the $27.34 expected by analysts according to Refinitiv. Revenue of $75.33 billion also beat expectations of $72.17 billion according to Refinitiv. Google’s advertising revenue in the quarter rose...
Twitter reported a loss for its third quarter. The social media company’s non-GAAP loss for the three months ending in September came in at -54 cents per share, compared to a profit of 19 cents per share in the year-ago quarter. The figure is missed the Street expectations of a profit of 17 cents a share. Total revenues rose +37% year-over-year to $1.28 billion. Group advertising revenues...
Shares of Google parent company Alphabet fell Tuesday during after-hours trading, even as the technology behemoth reported revenue that crushed analysts’ expectations. Alphabet’s third quarter revenue climbed +41% from the year-ago quarter to $65.12 billion, exceeding the $63.34 billion expected by analysts polled by Refinitiv. The company’s earnings came in at $27.99 per share, well above...