Earnings Results: PayPal stock falls after outlook miss, but CEO says Venmo has hit a ‘significant transition point’

A few quarters ago, PayPal Holdings Inc.’s disclosures of its rapid Venmo volume growth came as somewhat of a mixed blessing, since the popular peer-to-peer payment service was a hefty source of losses for the company overall. Venmo still isn’t profitable, but the narrative around the service is starting to change. PayPal PYPL, +1.43%  …

Continue Reading

The Ratings Game: AMD stock logs best day in nearly three years after predicting sales jump ‘that would make Evel Knievel nervous’

AMD’s annual guidance “requires a back-half ramp that would make Evel Knievel nervous,” an analyst wrote Wednesday morning.Advanced Micro Devices Inc. shares rallied for their best day in nearly three years Wednesday after the chip maker forecast a strong full-year outlook, with much of the momentum coming in the second half of the year. AMD…

Continue Reading

MarketWatch First Take: AMD has won Wall Street’s trust, and its stock is showing the results

Advanced Micro Devices Inc. — and Chief Executive Lisa Su — demonstrated on Tuesday how far they have come in winning credibility on Wall Street, for a company that deservedly lacked that trust for many years. AMD AMD, +19.95%  reported fourth-quarter revenue and a first-quarter outlook that was slightly below expectations Tuesday, thanks mostly to…

Continue Reading

MarketWatch First Take: Apple revenue should continue to shrink, so why is the stock up?

Apple Inc. posted a sharp decline in revenue for its holiday quarter. That wasn’t a surprise. What follows might be. The company issued a weaker-than-expected sales forecast for the current quarter, suggesting that the slowdown in iPhone sales might lead to meaningful revenue declines moving forward as well. Analysts already expected small revenue declines for…

Continue Reading