Apple Inc (NASDAQ:AAPL) after Thursday’s closing bell reported fourth quarter sales and profits that exceeded Wall Street analysts’ expectations as increased iPhone sales offset a decline in Mac and iPad revenues.
For the quarter ended September 30, 2023, Apple reported revenue of $89.5 billion, ahead of estimates of $89.03 billion but below sales of $90.15 billion achieved in the same period in 2022.
Earnings per share (EPS) of $1.46 were up 13% year-over-year from $1.29 and beat estimates of $1.39. Read more
Square and Cash App parent company Block Inc (NYSE:SQ)'s shares skyrocketed more than 18% in after-hours trade as the Fintech firm reported third quarter sales and profits that topped estimates.
It posted revenue of $5.62 billion, up 24% year-over-year ahead of estimates of $5.41 billion. Read more
Draftkings Inc (NASDAQ:DKNG) shares soared after Thursday’s closing bell as the fantasy sports and betting company reported much higher third quarter revenues than expected.
For the third quarter, DraftKings reported revenue of $789.96 million, an increase of 57% over the $502 million reported in the year-ago quarter. Wall Street analysts had pegged revenue of $702.26. Read more
Live Nation Entertainment, Inc (NYSE:LYV) saw its third quarter 2023 revenue soar 32% to $8.2 billion, boosted by blockbuster tours from Taylor Swift and Beyoncé.
Its EPS for the period, meanwhile, increased 28% to $1.78. The analyst consensus forecast was for EPS of $1.27 on $6.99 billion in revenue, according to LSEG. Read more
Carvana Co. (NYSE:CVNA) shares raced ahead on Thursday as anticipation grew before its latest earnings report, and investors were not disappointed as its its third quarter 2023 financial results set new records for key performance indicators as a strong focus on profitability paid off with impressive results.
Shares of Carvana, which rose over 15% on Wednesday, added another 4% after the bell. Read more
Coinbase Global Inc (NASDAQ:COIN) reported third quarter earnings that topped estimates but investors were left disappointed by a decline in trading volumes for the second consecutive quarter.
Its consumer trading volumes declined 21% year-over-year to $11 billion. Read more
Contact the author at emily.jarvie@proactiveinvestors.com
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