Streetbeat News

Revenues

GOOG

GOOGL

Alphabet has reported its Q2 2023 YouTube Ads revenue to be $7.665B.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:14 pm

GOOG

GOOGL

Alphabet has reported its Q2 2023 cloud revenue to be $8.031B.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:13 pm

SNAP

Snap Inc. expects Q3 revenue to be between $1.07B and $1.13B, compared to an estimate of $945.95M. The company anticipates DAU to reach 405 million to 406 million in Q3. The guidance range reflects the company's ongoing transition in its advertising platform and limited visibility of advertising demand. Adjusted EBITDA is estimated to be between negative $50 million and negative $100 million due to investments in ML, AI, and other infrastructure.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:13 pm

GOOG

GOOGL

Alphabet has reported its Q2 2023 revenue for Google Search and other services, which amounted to $40.689 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:07 pm

GOOG

GOOGL

Alphabet has reported its Q2 2023 YouTube Ads revenue to be $7.34B.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:06 pm

GOOG

GOOGL

Ruth Porat, CFO of Alphabet and Google, has stated that the company's financial results show continued resilience in Search, with an acceleration of revenue growth in both Search and YouTube, as well as momentum in Cloud. The company continues to invest for growth.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 8:05 pm

MSFT

Microsoft's Q4 Intelligent Cloud revenue has increased by 15% to $24 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:04 pm

GOOG

GOOGL

Google has reported its Q2 2023 cloud revenue to be $6.276B.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:04 pm

HUBS

RBC Capital Markets analyst Rishi Jaluria has reiterated an Outperform rating on HubSpot, Inc. (NYSE:HUBS), raising the price target to $625 from $500. The analyst sees stable demand trends for HubSpot, with in-line to slightly softer new customers but better existing customer expansions. The analyst also presented 'cautious optimism' for HUBS in 2H, with sustained multi hub adoption. For FY23 and FY24, the analyst forecasts revenues of $2.085 billion and $2.457 billion, respectively.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 6:50 pm

TFII

YELL

BMO Capital Markets analyst Fadi Chamoun has reiterated the Market Perform rating on TFI International Inc. (TFII), raising the price target to $125 from $105. This is due to the potential restructuring of Yellow Corporation (YELL), which could result in lower industry capacity and freight diversion to other LTL networks. TFII is expected to benefit from this disruption, with potential valuation up to $150 in a YELL bankruptcy scenario. However, TFII's FY23 revenues are expected to fall 13.2% to $7.65 billion, with adjusted EPS slumping 17.6% to $6.61.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 6:33 pm