The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.

Facebook owner Meta Platforms beat analysts' estimates for third-quarter revenue and profit on Wednesday, but warned of "significant acceleration" in infrastructure expenses related to its artificial-intelligence buildout, sending mixed signals about whether higher digital ad sales from its core social media bus

Reddit stock surged 42% Wednesday to trade at a record high after reporting a strong earnings beat.Reddit's revenue jumped 68% from a year ago, partly

:Microsoft beat Wall Street estimates for first-quarter revenue on Wednesday as efforts to build out data center capacity and AI-driven demand boosted its cloud business.Shares of the Redmond, Washington-based company rose about 2 per cent in trading after market hours. The quarterly earnings are Micr

Microsoft delivered solid quarterly results on Wednesday, beating analyst expectations with revenue jumping 16 percent to $65.6 billion, but questions were raised about the company's big spending on the AI boom. During the quarter, Microsoft also returned $9.0 billion to shareholders through dividends and share repurchases, helping pump up share value.

Microsoft delivered solid quarterly results on Wednesday, beating analyst expectations with revenue jumping 16 percent to $65.6 billion, but questions were raised about the company's big spending on the AI boom. The tech giant reported net income of $24.7 billion for the quarter ending September 30, marking an 11-percent increase…

The numbers look different this quarter due the company re-segmenting a few businesses, but overall there's not much to complain about. 

Microsoft delivered fiscal first-quarter earnings that topped Street expectations, but its cloud revenue growth missed estimates.

Microsoft credits its cloud services for most of its quarterly earnings figure.

:Microsoft said on Wednesday revenue for its cloud business Azure surged 33 per cent in its fiscal first quarter, slightly ahead of estimates, indicating that its massive investment in AI was starting to pay off.    The world's largest software company also beat Wall Street estimates for quarterly revenue and pro

EBay reported better-than-expected earnings for the third quarter, but the results were overshadowed by a disappointing forecast for the current period.

Microsoft delivered solid quarterly results on Wednesday, beating analyst expectations with revenue jumping 16 percent to $65.6 billion, but questions were raised about the company's big spending on the AI boom. During the quarter, Microsoft also returned $9.0 billion to shareholders through dividends and share repurchases, helping pump up share value.

Google parent Alphabet posted third-quarter earnings that topped Street expectations and showed artificial intelligence (AI) progress, with both JPMorgan and Citigroup analysts noting the tech giant's strong Google Cloud revenue.

Shares of Snap jumped Wednesday after the social media company posted better-than-anticipated results and announced a stock buyback.

Meta Platforms Inc. posted stronger-than-expected results for the third quarter on Wednesday as its advertising revenue continued to grow.

Reddit shares surged in premarket trading on Wednesday after the company reported earnings that topped estimates and provided a strong outlook. Monitor these key chart levels.

:Shares of online ad sellers surged on Wednesday as strong earnings from Google-parent Alphabet, Reddit and Snap signaled solid spending from brands ahead of the crucial holiday shopping season.The three companies were set to add more than $110 billion combined to their market capitalizations, if current gain

Reddit shares are surging 24% in premarket trading Wednesday after the social media firm posted its first quarterly profit as a public company with higher-than-estimated results and a rosy fourth-quarter outlook.

Reddit shares are surging Wednesday after the social media firm posted its first quarterly profit as a public company with higher-than-estimated results and a rosy fourth-quarter outlook.

Reddit shares surged 25% after it reported a revenue beat and turned a profit for the first time.The company saw a 68% revenue increase and a 47% rise in

Google-parent Alphabet's breakout cloud sales in the July-September quarter bode well for top cloud providers Microsoft and Amazon.com, and signal that market for AI-aided computing power is only growing.The company's stock rose 5.5 per cent in premarket trading on Wednesday, a day after Alphabet posted a

Google-parent Alphabet's breakout cloud sales in the July-September quarter bode well for top cloud providers Microsoft and Amazon.com, and signal that market for AI-aided computing power is only growing.The company's stock rose 5.5 per cent in premarket trading on Wednesday, a day after Alphabet posted a

In Google parent Alphabet’s latest quarterly update, CEO Sundar Pichai told investors the tech giant's investments in AI are paying off, sending shares higher.

Alphabet has reported third-quarter sales that rose more than analysts estimated, helped by the demand for cloud computing services as the adoption of artificial intelligence soars. Revenue, excluding partner payouts, increased to $74.6 billion (A$113.7 billion), surpassing the $72.9 billion (A$111.11 billion) analysts predicted on average, according to Bloomberg. Google – whose stock has climbed... Read More

Meta reported its third-quarter financials Wednesday, sending shares of the company down in after-hours trading.

Sales from the Data Center sector offset losses from AMD's gaming department.

Google parent Alphabet reported third-quarter earnings that beat on top and bottom lines.

Alphabet posted stronger-than-expected third quarter earnings Tuesday, including an outsized surge in revenues for its flagship cloud division, as the tech giant looks to ease investor concern over a surge in capital spending on AI-related technologies.

Google parent Alphabet said on Tuesday its AI investments were "paying off" as it reported a 35 per cent surge in its cloud business and U.S. election-related spending lifted YouTube ad sales in the third quarter.Alphabet shares rose nearly 6 per cent in after-market trading on Tuesday. Shares of Amazon a

YouTube ad revenue was up about $0.7 billion year-over-year from Q3 2023.

Google parent Alphabet reported third-quarter results that topped analysts' estimates, sending shares higher after the bell Tuesday.

Alphabet, Google's parent company, reported its third-quarter earnings on Tuesday.The company beat on revenue, EPS, its ads business, and Google Cloud

:Alphabet topped third-quarter revenue expectations on Tuesday, helped by steady growth in its digital advertising business and an AI-driven jump in demand for its cloud services.Shares of the company rose 3 per cent in extended trading. Digital advertising sales - the biggest chunk of Alphabet's total

Google parent Alphabet topped third-quarter revenue expectations on Tuesday, helped by a 10 per cent jump in its digital advertising business and an AI-driven jump in demand for its cloud services.Alphabet shares, which closed up 1.8 per cent on Tuesday, were up 4 per cent in after-hours trading. The stoc

Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35 per cent surge in its cloud business as well as a jump in its digital advertising revenue.Alphabet shares, which closed up 1.8 per cent on Tuesday, were up 4.4 per cent in after-hours tradin

Google's parent company Alphabet reported robust third-quarter results on Tuesday, with revenue climbing 15 percent year-over-year to $88.3 billion, powered by strong performance from its crucial advertising business and growth in cloud services. The technology giant's net income surged 34 percent to $26.3 billion, while earnings per share increased 37…

Google's parent company Alphabet reported robust third-quarter results on Tuesday, with revenue climbing 15 percent year-over-year to $88.3 billion, powered by strong performance from its crucial advertising business and growth in cloud services.

Google's parent company Alphabet reported robust third-quarter results on Tuesday, with revenue climbing 15 percent year-over-year to $88.3 billion, powered by strong performance from its crucial advertising business and growth in cloud services.

Pfizer beat third-quarter profit and sales forecasts and raised its guidance on strong sales of its COVID-19 treatment.

Reddit forecast fourth-quarter revenue above Wall Street estimates on Tuesday, helped by its AI content licensing deals and strong digital advertising spend.Shares of the San Francisco-based company, popular for its user-led communities known as subreddits, rose more than 17 per cent in extended trading.

Reddit on Tuesday reported its first quarterly profit and forecast current-quarter revenue above Wall Street estimates, helped by its AI content licensing deals and strong digital advertising spending.Shares of the company, popular for its user-led communities known as subreddits, rose 19 per cent in exte

:Reddit on Tuesday reported its first quarterly profit and forecast fourth-quarter revenue above estimates, helped by its AI content licensing deals and strong digital advertising spending, sending its shares up 22 per cent in extended trading.Reddit's results, its third after going public in March, stoke con

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

Online ad sellers added over $100 billion stock market value late on Tuesday after upbeat quarterly results from Alphabet, Reddit and Snap lifted investor optimism ahead of reports from Amazon and Meta Platforms.Alphabet's stock rallied 4 per cent in extended trade after it topped quarterly revenue expect

Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.

YouTube generated a cool $8.92 billion in ad revenue for Q3 2024, as it continues to turn in double-digit growth on already big numbers.