Page 24 - Visible Alpha News Today

Amazons plan to acquire iRobot for $1.4 billion has been halted by European regulators, despite the companys strong fourth-quarter sales and revenue growth from generative AI features in its cloud and ecommerce businesses. AWS CEO Andy Jassy highlighted the incorporation of generative AI into many of its services, with the expectation that it will drive tens of billions of dollars of revenue in the coming years.

:Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud and ecommerce businesses spurred robust growth during the critical holiday period.Investors cheered the results, sending Amazon shares up as much as 8 per cent in trading after the market close.

Rogers Communications: Rogers expects free cash flow of C$2.9 billion to C$3.1 billion ($2.31 billion) in 2024, above Visible Alpha estimates of C$2.83 billion. It also beat quarterly estimates for the metric.

Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud.

A big decline in global natural gas prices likely reduced energy producer ConocoPhillips Co.'s fourth-quarter sales and profit.

Qualcomm predicted sales and adjusted profit with a midpoint of $9.30 billion and $2.30 per share for the current fiscal second quarter ending in March. The outlook compares with analyst estimates of $9.30 billion and $2.25 per share, according to data from LSEG.

On Tuesday, Google-parent Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) and Microsoft Corporation (NASDAQ: MSFT) reported their quarterly results. While Alphabet disappointed Wall Street as its holiday-season advertising sales were short of expectations, Microsoft topped analyst estimates. On Wednesday, Microsoft also became the second-ever company worth $3 trillion, joining Apple Inc (NASDAQ: AAPL) with its value topping that of France’s GDP. 2024’s Fiscal Second Quarter For the quar...

But Microsoft shares were down 1% after-hours as investors absorbed news about rising costs to develop these AI features.

By Helena Smolak Banco Santander said it expects higher profitability in 2024 after the bank reported an increased net profit for the fourth quarter. The Spanish lender said Wednesday it...

By Helena Smolak Banco Santander said it expects higher profitability in 2024 after the bank reported an increased net profit for the fourth quarter. The...