What to Watch Today: Nasdaq Futures Sink as Facebook Plunges Over 20% After Weak Earnings

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Nasdaq futures sank Thursday, dragged down by an over 20% premarket decline in shares of Facebook-parent Meta.

earned 34 cents per share for its latest quarter, more than doubling the 15-cent consensus estimate, though the mobile service provider's revenue fell short of analyst forecasts. T-Mobile also issued an upbeat forecast, and the stock soared 7.7% in the premarket. fell 2.6% in premarket trading after the maker of Invisalign dental braces said 2022 revenue would rise by 20% to 30% compared with the prior year's growth of 60%.

rallied 4.5% in the premarket after the pharmaceutical distributor reported better-than-expected top and bottom-line results. McKesson earned an adjusted $6.15 per share compared with a consensus estimate of $5.42, helped by the strength of its Covid-19 vaccine distribution business.

 

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Facebook shares plunge more than 20% on weak earnings, big forecast missFacebook became Meta late last year and is now reporting results for the first time under the new name, which is a nod to its push into the metaverse. lookner Buy the dip Amazing Sheryl Sandberg & Mark are not resigning - no integrity - are they on some democrat or feminist affirmative action program-immune to firing, like Biden's son - only feminist communist CNBC knows for sure - they screwed us again-bad management Maybe the ‘let it rip’ strategy of taking misinformation ad money isn’t sustainable after all.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Meta shares slide more than 20% on earnings miss, weak guidanceShares of Facebook parent Meta plunged more than 20% in extended trading Wednesday on an earnings miss, weak guidance and intensifying competition. $FB reported earnings of $10.3 billion, or $3.67 a share, topping the $3.88 a share it reported last year. look like crap... time to go outside and enjoy some nature for real... tech is down again ...lol Stop shorting by hedgefunds This is a crash that is going to happen this month.. media tell to truth advise your listeners massive bankruptcy will take place in the coming weeks
La source: MarketWatch - 🏆 3. / 97 Lire la suite »