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Meta's Record Sales and Profit
Plus, Tesla overcomes bad results.
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Today is Thursday, January 30, 2025.
The Early Bird Index today is 82.70
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Meta's Record Sales and Profit
Shares of Facebook parent Meta Platforms (Nasdaq: META) increased by 2.29% in after-hours trading on Wednesday after reporting record financial earnings results.
Financials: Meta reported earnings of $8.02 per share and revenue of $48.39 billion in the past quarter, which were better than expected.
Early Bird’s Nest Egg Gains: Meta Platforms continues to grow its profit and revenue due to its strong advertising performance, user base expansion, technology advancements, cost-cutting measures, and expansion into other areas such as virtual reality.
Final Thoughts: Despite the strong results, some investors were not pleased with Meta’s revenue outlook for the current quarter.
Notables
Notable Earnings Today: Apple (Nasdaq: AAPL), United Parcel Service (NYSE: UPS), Mastercard (NYSE: MA), Intel (Nasdaq: INTC), Dow (NYSE: DOW), Visa (NYSE: V), Blackstone (NYSE: BX), Caterpillar (NYSE: CAT), 1-800-FLOWERS (Nasdaq: FLWS), Northrop Grumman (NYSE: NOC), Southwest Air (NYSE: LUV), Sherwin-Williams (NYSE: SHW), Sirius XM (Nasdaq: SIRI), Comcast (Nasdaq: CMCSA), U.S. Steel (NYSE: X), L3Harris Technologies (NYSE: LHX), KLA Corp (Nasdaq: KLAC), Canadian National Railway (NYSE: CNI), Atlassian (Nasdaq: TEAM), Sanofi (Nasdaq: SNY), Allegro Microsystems (Nasdaq: ALGM), Baker Hughes (Nasdaq: BKR), Oshkosh (NYSE: OSK), Deckers Outdoor (NYSE: DECK), The Cigna Group (NYSE: CI), Mobileye Global (Nasdaq: MBLY), PPG Industries (NYSE: PPG), SkyWest (Nasdaq: SKYW), Adtalem Global Education (NYSE: ATGE), Altria (NYSE: MO), A.O. Smith (NYSE: AOS), AppFolio (Nasdaq: APPF), Arthur J. Gallagher (NYSE: AJG), Avery Dennison (NYSE: AVY), Beazer Homes (NYSE: BZH), Berkshire Hills Bancorp (NYSE: BHLB), Bread Financial (NYSE: BFH), Brunswick (NYSE: BC), Cardinal Health (NYSE: CAH), Check Point Software (Nasdaq: CHKP), Coursera (NYSE: COUR), Cullen/Frost (NYSE: CFR), Dover (NYSE: DOV), Dynatrace (NYSE: DT ), Gen Digital (Nasdaq: GEN), International Paper (NYSE: IP), Kirby (NYSE: KEX), LPL Financial (Nasdaq: LPLA), Malibu Boats (Nasdaq: MBUU), Manpower (NYSE: MAN), Murphy Oil (NYSE: MUR), NetScout Systems (Nasdaq: NTCT), PulteGroup (NYSE: PHM), Quest Diagnostics (NYSE: DGX), ResMed (NYSE: RMD), Rogers Communications (NYSE: RCI), Roper (Nasdaq: ROP), Schneider National (NYSE: SNDR), STMicroelectronics (NYSE: STM), Thermo Fisher Scientific (NYSE: TMO), Tractor Supply (Nasdaq: TSCO), Valero Energy (NYSE: VLO), Viavi (Nasdaq: VIAV).
Notable IPOs Today: Jackson Acquisition Company II (NYSE: JACS), Beta Bionics, Inc. Common Stock (Nasdaq: BBNX), Cloudastructure, Inc. Class A Common Stock (Nasdaq: CSAI), Stellar V Capital Corp. Unit (Nasdaq: SVCCU).
Notable Equity Crowdfunding Campaigns Ending Today: Peer To Peer Network (Silicon Prairie Online), Holidaily Brewing (StartEngine), CellMosaic (StartEngine), Arrive (PicMii), AtomBeam (StartEngine).
Notable Economic Events Today: GDP (8:30 a.m. ET), Jobless Claims (8:30 a.m. ET), Pending Home Sales (10:00 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).
Tesla Overcomes Bad Results
Despite posting bad financial earnings results on Wednesday, Tesla (Nasdaq: TSLA) jumped 4.15% in after-hours trading.
Financials: Tesla reported earnings of 73 cents per share and revenue of $25.7 billion in the past quarter, which were lower than expected.
Final Thoughts: Investors are still bullish on Tesla’s plans to create more affordable electric vehicles for consumers.
Microsoft Drops Amid Azure Growth Slowdown
Microsoft (Nasdaq: MSFT) fell 4.63% in after-hours trading on Wednesday after posting financial earnings results that showed slowing growth for its cloud platform Azure.
Financials: Microsoft reported earnings of $3.23 per share in the past quarter and revenue of $69.6 billion; both were better than expected.
Final Thoughts: Revenue for Azure grew by 31%, which is lower than in previous quarters.
Trends to Watch
Big Blue’s Big Win: IBM shares rise 9% on earnings beat (CNBC)
Now That’s Not Good: ServiceNow Stock Falls as Revenue Comes In Shy of Estimates. AI Demand Stays Strong. (Barron’s)
Good Gamble: Las Vegas Sands Stock Surges On Mixed Q4 Results Driven By Strength In Singapore (Benzinga)
As Expected: Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations (Cointelegraph)
Changing Cardano: Major Cardano Hard Fork Will Give ADA Holders a Say in Network's Future (Decrypt)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.