Moovly Media Inc. this week announced an integration of its Moovly platform with OpenAI GPT-3 to bolster next generation AI (Artificial Intelligence) capabilities. ChatGPT uses natural language processing and GPT-3 technology to generate texts from user input, and is expected to create scripts for video content within Moovly. The integration would potentially enable AI-based automated video...
Lyft shares ended Friday trading at $10.31, slumping -36.4% -- the sharpest percent decline ever. At least eight analysts downgraded the ride-hailing company's stock following its earnings report (according to FactSet data). While Lyft’s Q4 adjusted earnings of $126.7 million beat Street forecasts, it disappointed on guidance. According to the company’s statement, it likely won't achieve its...
Expedia Group, Inc. reported adjusted earnings of $1.26 per share for fourth-quarter 2022, missing the Zacks Consensus Estimate by -31.9%. The travel booking company’s revenues grew +15% y/y to $2.62 billion, but was shy of the Zacks Consensus Estimate of $2.68 billion. Expedia’s gross bookings rose +17% y/y to $20.51 billion, on lodging and air bookings strength. Also, ‘booked room nights’...
Kellogg reported fourth-quarter earnings and sales that beat expectations, on strength in its snacks business. The company’s fourth-quarter adjusted earnings of 94 cents a share handily topped analysts’ expectations of 85 cents. Net sales of $3.8 billion also exceeded analysts’ estimates of $3.67 billion. The company also shared initial financial forecasts for 2023, including organic net...
PepsiCo posted its fourth quarter earnings that surpassed analysts’ expectations, on the back of higher prices. The beverage behemoth’s adjusted earnings per share came in at $1.67, topping analysts’ expectations of $1.65. Revenue was $28 billion vs. consensus forecast of $26.8 billion. The company's average prices surged +16%, while organic volume fell -2%. For the full-year 2023, the...
Activision Blizzard posted fourth quarter sales that beat analysts’ expectations, amidst its success with its 'Call of Duty' franchise during the holiday season. The video game company’s adjusted revenues (which exclude deferrals) for the three months ending in December surged +43.4% from the year-ago quarter to $3.57 billion, well above analysts' forecast of $3.16 billion. Game net bookings...
Zoom Video Communications shares climbed on Tuesday, after the video conferencing company announced plans to layoff around 15% of its global workforce. The job cuts of 1,300 would be accompanied by a 98% pay cut for CEO Eric Yuan, who will also be giving up his fiscal 2023 bonus. Zoom's leadership team will also see their salaries get reduced by 20% for the coming fiscal year, and forego...
Google-parent Alphabet reported fourth quarter sales that missed analyst’ expectations, amid an ongoing reduction in marketing spending from clients globally. The company also mentioned a multi-billion hit to current quarter earnings due to its recent round of job cuts. Fourth-quarter 2022 earnings of $1.05 per share missed the FactSet consensus estimate of $1.18 a share. For the three months...
The U.S. economy added far more new jobs in January than expected. According to the Bureau for Labor Statistics data, the economy added +517,000 new jobs last month -- crushing the Street consensus forecast of +185,000. Private payrolls added +443,000. The unemployment rate dipped to 3.4%, the lowest levels since 1969. Hourly wages rose 0.3% on the month, and up 4.4% year-over-year (vs. the...
Tickeron, the quant-sourced marketplace for AI-powered stock trading tools, is pleased to introduce a new type of AI robot—an algorithm trained to generate stock trading ideas within specific sectors. Tickeron’s quant team has developed a new method for analyzing the behavior of stocks within a sector or group of sectors, based on a thorough study of correlation relationships between stock...
NXP Semiconductors reported fourth-quarter earnings that missed analysts’ expectations, while the chip company projected a year-over-year decline in the current quarter’s revenue. NXP’s earnings climbed to $2.76 a share (from $2.24 in the year-ago quarter), but was shy of the consensus estimate of $2.77 (based on Capital IQ poll). Revenue rose +9% to $3.31 billion, beating the Street...
Dover Corporation posted fourth-quarter 2022 adjusted earnings per share (EPS) from continuing operations of $2.16, exceeding the Zacks Consensus Estimate of $2.15 (according to Zacks Equity Research). EPS was +21% higher year-over-year, on the back of strong demand and solid backlog rates, coupled with improving price-cost dynamics – which offset the effects of input shortages, inflationary...
Exxon Mobil reported fourth quarter earnings that topped analysts’ expectations, on the back of favorable oil prices. The oil & gas company’s adjusted earnings for the three months ending in December came in at $3.40 per share, exceeding the Street expectations of $3.29 per share. Revenues rose +12.3% to $95.43 billion, also beating analysts' expectations of $94.67 billion. “While our results...
General Motors posted fourth quarter earnings that beat analysts’ expectations. The carmaker’s adjusted earnings for the three months ending in December came in at $2.12 per share, surging +57% year-over-year, and exceeding the Street expectation of $1.69 per share. Revenues rose +28.3% to $43.1 billion, vs. analysts' consensus of $40.65 billion. GM delivered 623,261 cars over the quarter,...
United Parcel Service posted fourth quarter earnings that exceeded analysts’ expectations. Revenue, however, missed Street forecasts amid a decrease in international deliveries.. UPS earnings for the three months ending in December came in at $3.96 per share, vs. a loss of -90 cents per share in the year-ago quarter. It beat the Street consensus forecast of $3.59 per share. Revenues slipped...
Pfizer Inc. shares fell Tuesday, after the drugmaker posted fourth quarter earnings that surpassed analysts’ expectations while issuing a softer 2023 growth guidance amidst cooling off of its Covid treatments’ sales. Pfizer’s adjusted earnings for the three months ending in December came in at $1.14 per share, beating the Street consensus forecast of $1.05 per share. Revenues climbed +2%...
Ford Motor Co. announced that it would lower prices of its flagship electric vehicle, the Mustang Mach-E, amid a "significant" increase in production. The carmaker would slash the price of Mustang Mach-E by an average of $4,500. The move comes after Tesla’s decision to cut prices by as much as 20%. The automaker was the No. 2 seller of EVs in the US last year, much behind Tesla, which...
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...
Automatic Data Processing, Inc. posted second-quarter fiscal 2023 earnings that exceeded analysts’ expectations. The human resources management company’s adjusted earnings per share for the quarter grew +19% from the year-ago quarter to $1.96, surpassing the Zacks Consensus Estimate by 0.5% (according to Zacks Equity Research). Total revenues were up +9.1% year-over-year to $4.4 billion,...
Hasbro shares plunged on Friday, after the toy maker said it would layoff around 15% of its global workforce. The company also cautioned that a disappointing holiday season would lead to lower-than-expected fourth quarter earnings. Hasbro will slash around 1,000 jobs, with announcements coming over the next few weeks. The Monopoly maker mentioned that fourth quarter sales would likely...