{"id":66248,"date":"2023-02-10T08:55:29","date_gmt":"2023-02-10T13:55:29","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=66248"},"modified":"2023-02-10T08:55:29","modified_gmt":"2023-02-10T13:55:29","slug":"coffee-with-greta-slide-continues","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/02\/10\/coffee-with-greta-slide-continues\/","title":{"rendered":"Coffee With Greta: Slide Continues"},"content":{"rendered":"

DJIA Futures: <\/b>-93 (-0.3%)<\/span><\/p>\n

SPX Futures: <\/b>-17 (-0.4%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-85 (-0.7%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are falling with the S&P 500 on track for its worst week in 2 months.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

PayPal Beats Q4 Expectations, CEO Retiring<\/span><\/h2>\n

PayPal <\/b>(PYPL) shares are up 1% ahead of the open after beating Q4 profit expectations and announcing its CEO\u2019s departure.\u00a0<\/span><\/p>\n

Here\u2019s how the digital payment company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $1.24 vs $1.20 expected<\/span><\/li>\n
  • Revenue: $7.38 billion vs $7.39 billion expected<\/span><\/li>\n<\/ul>\n

    The results were in line with PayPal\u2019s previous outlook.<\/span><\/p>\n

    The company forecast 7.5% revenue growth in Q1 and adjusted EPS to range between $1.08 to $1.10.<\/span><\/p>\n

    It expects to book an estimated restructuring charge of $100 million in Q1 related to layoffs it announced in late January.\u00a0<\/span><\/p>\n

    PayPal also announced its CEO Dan Schulman will leave the company at the end of 2023 but will stay on as a member of the board.\u00a0<\/span><\/p>\n

    Schulman said, \u201cI\u2019m proud of what we have accomplished at PayPal and of the incredibly talented and committed people I work with every day. Together, we have reimagined financial services and e-commerce, and worked to improve the financial health of our customers.\u201d<\/span><\/p>\n

    Lyft Tanks On Weak Guidance<\/span><\/h2>\n

    Lyft <\/b>(LYFT) shares are tumbling 31.1% in premarket trade despite reporting record Q4 revenue as the company\u2019s outlook came in weak.\u00a0<\/span><\/p>\n

    Here\u2019s how the rideshare giant\u2019s Q4 results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted loss per share: $0.74 vs $0.13 EPS expected<\/span><\/li>\n
    • Revenue: $1.18 billion vs $1.15 billion expected<\/span><\/li>\n<\/ul>\n

      But the company said it only expects $975 million in Q1 revenue, falling short of analysts\u2019 expectations for $1.09 billion.\u00a0<\/span><\/p>\n

      The CFO said, \u201cOur Q1 guidance is the result of seasonality and lower prices, including less Prime Time.\u201d<\/span><\/p>\n

      Expedia Tumbles After Q4 Miss<\/span><\/h2>\n

      Expedia <\/b>(EXPE) shares are falling 2.3% ahead of the open after missing Q4 expectations on the top and bottom line.<\/span><\/p>\n

      Here\u2019s how the company\u2019s results compared to analysts\u2019 expectations:<\/span><\/p>\n

        \n
      • Adjusted EPS: $1.26 vs $1.71 expected<\/span><\/li>\n
      • Revenue: $2.62 billion vs $2.69 billion expected<\/span><\/li>\n
      • Gross bookings: $20.51 billion vs $20.96 billion expected<\/span><\/li>\n<\/ul>\n

        But Expedia blamed those weak results on severe weather seen across the U.S. at the end of Q4.\u00a0<\/span><\/p>\n

        The CEO said, \u201cWhile our Q4 results were negatively impacted by severe weather, demand was otherwise strong and accelerating, and has been markedly stronger since the start of the year.\u201d<\/span><\/p>\n

        The company did not provide guidance.<\/span><\/p>\n

        Coming Up: Consumer Sentiment<\/span><\/h2>\n

        The University of Michigan releases the early February reading of its consumer sentiment index at 10:00 a.m. ET today.\u00a0<\/span><\/p>\n

        That index is expected to improve to 65.1 from 64.9 at the end of January.\u00a0<\/span><\/p>\n

        The survey also includes consumers\u2019 1-year and 5-year inflation expectations.\u00a0<\/span><\/p>\n

        Those expectations have been a key metric both the market and the Fed are watching.\u00a0<\/span><\/p>\n

        In Case You Missed It<\/span><\/h2>\n
          \n
        • Yahoo became the latest tech company to announce mass layoffs on Thursday. The company unveiled plans to cut 20% of its staff by year-end, including 1,000 layoffs by the end of this week. The Yahoo for Business unit will be slashed in half.\u00a0<\/span><\/li>\n
        • GlobalFoundries <\/b>(GFS) shares rallied 3.5% Thursday after signing a long-term supply agreement with <\/span>General Motors <\/b>(GM). That agreement makes GlobalFoundries GM\u2019s exclusive semiconductor maker. GFS will establish dedicated production capacity for GM\u2019s suppliers at its facility in upstate New york. GM said the agreement \u201cwill help establish a strong, resilient supply of critical technology in the U.S. that will help GM meet this demand while delivering new technology and features to our customers.\u201d<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

          DJIA Futures: -93 (-0.3%) SPX Futures: -17 (-0.4%) NASDAQ Futures: -85 (-0.7%) Good morning friends! Futures are falling with the S&P 500 on track for its worst week in 2 months. Let\u2019s get right to it! PayPal Beats Q4 Expectations, CEO Retiring PayPal (PYPL) shares are up 1% ahead of the open after beating Q4 profit expectations and announcing its CEO\u2019s departure.\u00a0 Here\u2019s how the digital payment company\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $1.24 vs $1.20 expected Revenue: $7.38 billion vs $7.39 billion expected The results were in line with PayPal\u2019s previous outlook. The company forecast 7.5% revenue growth in Q1 and adjusted EPS to range between $1.08 to $1.10. It expects to book an estimated restructuring charge of $100 million in Q1 related to layoffs it announced in late January.\u00a0 PayPal also announced its CEO Dan Schulman will leave the company at the end of 2023 but will stay on as a member of the board.\u00a0 Schulman said, \u201cI\u2019m proud of what we have accomplished at PayPal and of the incredibly talented and committed people I work with every day. Together, we have reimagined financial services and e-commerce, and worked to improve the financial health of our customers.\u201d Lyft Tanks On Weak Guidance Lyft (LYFT) shares are tumbling 31.1% in premarket trade despite reporting record Q4 revenue as the company\u2019s outlook came in weak.\u00a0 Here\u2019s how the rideshare giant\u2019s Q4 results compared to analysts\u2019 estimates:\u00a0 Adjusted loss per share: $0.74 vs $0.13 EPS expected Revenue: $1.18 billion vs $1.15 billion expected But the company said it only expects $975 million in Q1 revenue, falling short of analysts\u2019 expectations for $1.09 billion.\u00a0 The CFO said, \u201cOur Q1 guidance is the result of seasonality and lower prices, including less Prime Time.\u201d Expedia Tumbles After Q4 Miss Expedia (EXPE) shares are falling 2.3% ahead of the open after missing Q4 expectations on the top and bottom line. Here\u2019s how the company\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $1.26 vs $1.71 expected Revenue: $2.62 billion vs $2.69 billion expected Gross bookings: $20.51 billion vs $20.96 billion expected But Expedia blamed those weak results on severe weather seen across the U.S. at the end of Q4.\u00a0 The CEO said, \u201cWhile our Q4 results were negatively impacted by severe weather, demand was otherwise strong and accelerating, and has been markedly stronger since the start of the year.\u201d The company did not provide guidance. Coming Up: Consumer Sentiment The University of Michigan releases the early February reading of its consumer sentiment index at 10:00 a.m. ET today.\u00a0 That index is expected to improve to 65.1 from 64.9 at the end of January.\u00a0 The survey also includes consumers\u2019 1-year and 5-year inflation expectations.\u00a0 Those expectations have been a key metric both the market and the Fed are watching.\u00a0 In Case You Missed It Yahoo became the latest tech company to announce mass layoffs on Thursday. The company unveiled plans to cut 20% of its staff by year-end, including 1,000 layoffs by the end of this week. The Yahoo for Business unit will be slashed in half.\u00a0 GlobalFoundries (GFS) shares rallied 3.5% Thursday after signing a long-term supply agreement with General Motors (GM). That agreement makes GlobalFoundries GM\u2019s exclusive semiconductor maker. GFS will establish dedicated production capacity for GM\u2019s suppliers at its facility in upstate New york. GM said the agreement \u201cwill help establish a strong, resilient supply of critical technology in the U.S. that will help GM meet this demand while delivering new technology and features to our customers.\u201d<\/p>\n","protected":false},"author":41,"featured_media":66257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-66248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=66248"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66248\/revisions"}],"predecessor-version":[{"id":66258,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66248\/revisions\/66258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/66257"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=66248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=66248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=66248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}