On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest story: the wave of fourth-quarter earnings results and the upcoming earnings announcement from Facebook.
The first earnings report that the hosts highlighted this week came from Starbucks (SBUX). The coffee giant’s stock slumped after the company reported worse-than-expected revenues. While Starbucks was still able to post solid growth metrics in the quarter, its results fell short of analyst expectations and investors reacted accordingly.
Find out more here: Starbucks Slides on Mixed Q1 Earnings, Mobile Order & Pay Up 3%
Next up on the docket was Intel Corporation’s (INTC) fourth-quarter earnings report. The chip maker was able to post an impressive double beat on the back of soaring revenues in its Data Centers division, underscoring the success of its adaption to changing industry trends.
Read more: Intel Beats Q4 Earnings and Revenue Estimates Behind Solid Data Centers Growth
The hosts then moved on to recap some of the week’s big tech reports. Microsoft reported second-quarter fiscal 2017 earnings on Thursday, and the company was able to surpass our earnings and revenue estimates thanks to more impressive growth in its Intelligent Cloud business.
On the other hand, Alphabet Inc.’s (GOOGL) report was mixed. The company missed earnings estimates but was able to surpass our consensus revenue estimate. While there were no specific details about Google’s new hardware, the “other” category that would include things like the Pixel phone soared more than 60%, so there were some encouraging signs.
Find out more on both reports here: Microsoft Posts Q2 Earnings Beat, Intelligent Cloud Revenue Up 8% & Alphabet Inc. Stock Slumps on Q4 Earnings Miss
Finally, Maddy and Ryan spent some time previewing Facebook’s upcoming earnings announcement. Investors are cautious about Facebook’s revenue growth rates slowing down a bit, but the company is still poised to report another great quarter. The hosts also chatted about some of Facebook’s new features, including Facebook Live.
Check out the full preview: Facebook Q4 Earnings Preview: Will Live Pay Off Big?
As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
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