{"id":67544,"date":"2023-04-27T09:06:25","date_gmt":"2023-04-27T13:06:25","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=67544"},"modified":"2023-04-27T09:06:25","modified_gmt":"2023-04-27T13:06:25","slug":"coffee-with-greta-mega-meta","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/04\/27\/coffee-with-greta-mega-meta\/","title":{"rendered":"Coffee With Greta: Mega Meta"},"content":{"rendered":"

DJIA Futures: <\/b>+151 (+0.5%)<\/span><\/p>\n

SPX Futures: <\/b>+23 (+0.6%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+136 (+1.1%)<\/span><\/p>\n

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

Futures are rising as traders digest the latest batch of earnings and new economic data.\u00a0<\/span><\/p>\n

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

Meta Rallies On Earnings Beat<\/span><\/h2>\n

Meta Platforms <\/b>(META) shares are jumping 12.9% ahead of the open after beating Q1 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

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

    \n
  • EPS: $2.20 vs $2.03 expected<\/span><\/li>\n
  • Revenue: $28.65 billion vs $27.65 billion expected<\/span><\/li>\n
  • Daily Active Users: 2.04 billion vs 2.01 billion expected<\/span><\/li>\n
  • Monthly Active Users: 2.99 billion as expected<\/span><\/li>\n
  • Average Revenue per User: $9.62 vs $9.30 expected<\/span><\/li>\n<\/ul>\n

    Revenue jumped 3% year over year, the first increase in four quarters.\u00a0<\/span><\/p>\n

    The company forecast Q2 revenue between $29.5 billion and $32 billion vs analysts\u2019 estimates of $29.5 billion.\u00a0<\/span><\/p>\n

    CEO Mark Zuckerberg said Meta is \u201cbecoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision.\u201d<\/span><\/p>\n

    The Reality Labs unit \u2013 aka the Metaverse unit \u2013 brought in $339 million in revenue but logged an operating loss of $3.99 billion.\u00a0<\/span><\/p>\n

    Meta said that operating loss will increase this year.\u00a0<\/span><\/p>\n

    Roku Tops Q1 Estimates<\/span><\/h2>\n

    Roku <\/b>(ROKU) shares are slipping in premarket trade despite the company beating Q1 expectations and issuing strong guidance.\u00a0<\/span><\/p>\n

    Here\u2019s how the streaming platform\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Loss per share: $1.38 vs $1.47 expected<\/span><\/li>\n
    • Revenue: $741 million vs $708.5 million expected<\/span><\/li>\n<\/ul>\n

      Roku\u2019s active accounts jumped 17% year over year to 71.6 million.\u00a0<\/span><\/p>\n

      The number of hours spent watching streaming content on its platforms rose 20% to 25.1 billion.\u00a0<\/span><\/p>\n

      Roku expects $770 million in second-quarter revenue, topping analysts\u2019 expectations for $708.5 million.<\/span><\/p>\n

      Southwest Drops After Disappointing Earnings<\/span><\/h2>\n

      Southwest Airlines <\/b>(LUV) shares are falling 4.7% ahead of the open after reporting a wider loss than expected in the first quarter.\u00a0<\/span><\/p>\n

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

        \n
      • Adjusted loss per share: $0.27 vs $0.23 expected<\/span><\/li>\n
      • Revenue: $5.71 billion vs $5.73 billion expected<\/span><\/li>\n<\/ul>\n

        Southwest said it took a $325 million revenue hit during the quarter related to its holiday cancellations at the end of 2022.\u00a0<\/span><\/p>\n

        The company expects revenue struggles to continue this quarter.\u00a0<\/span><\/p>\n

        Southwest forecast revenue per available seat mile will be down 8% to 10% year over year in Q2 with capacity up 14%<\/span><\/p>\n

        But the airline did forecast a profit for the current quarter.\u00a0<\/span><\/p>\n

        GDP Growth Slows<\/span><\/h2>\n

        U.S. economic growth slowed more than expected at the beginning of 2023.\u00a0<\/span><\/p>\n

        The Commerce Department\u2019s initial estimate shows GDP rose at a 1.1% annualized pace in the first quarter.\u00a0<\/span><\/p>\n

        That was slower than economists\u2019 expectations for 2% growth and down from 2.6% in Q4.<\/span><\/p>\n

        Inflation remained high during the quarter with the PCE price index rising 4.2% vs 3.7% expected.\u00a0<\/span><\/p>\n

        Consumer spending rose 3.7% and exports jumped 4.8%.<\/span><\/p>\n

        But gross private domestic investment tumbled 12.5%.<\/span><\/p>\n

        Weekly Jobless Claims Tumble<\/span><\/h2>\n

        Weekly jobless claims dropped unexpectedly last week.\u00a0<\/span><\/p>\n

        The Labor Department reported 230,000 Americans filed initial claims for unemployment benefits.\u00a0<\/span><\/p>\n

        That was down by 16,000 and better than expectations for claims to rise to 249,000.<\/span><\/p>\n

        Continuing claims fell by 3,000 to 1.86 million in the week ending April 15.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: +151 (+0.5%) SPX Futures: +23 (+0.6%) NASDAQ Futures: +136 (+1.1%) Good morning friends! Futures are rising as traders digest the latest batch of earnings and new economic data.\u00a0 Let\u2019s get right to it! Meta Rallies On Earnings Beat Meta Platforms (META) shares are jumping 12.9% ahead of the open after beating Q1 expectations on the top and bottom line.\u00a0 Here\u2019s how the social media giant\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $2.20 vs $2.03 expected Revenue: $28.65 billion vs $27.65 billion expected Daily Active Users: 2.04 billion vs 2.01 billion expected Monthly Active Users: 2.99 billion as expected Average Revenue per User: $9.62 vs $9.30 expected Revenue jumped 3% year over year, the first increase in four quarters.\u00a0 The company forecast Q2 revenue between $29.5 billion and $32 billion vs analysts\u2019 estimates of $29.5 billion.\u00a0 CEO Mark Zuckerberg said Meta is \u201cbecoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision.\u201d The Reality Labs unit \u2013 aka the Metaverse unit \u2013 brought in $339 million in revenue but logged an operating loss of $3.99 billion.\u00a0 Meta said that operating loss will increase this year.\u00a0 Roku Tops Q1 Estimates Roku (ROKU) shares are slipping in premarket trade despite the company beating Q1 expectations and issuing strong guidance.\u00a0 Here\u2019s how the streaming platform\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $1.38 vs $1.47 expected Revenue: $741 million vs $708.5 million expected Roku\u2019s active accounts jumped 17% year over year to 71.6 million.\u00a0 The number of hours spent watching streaming content on its platforms rose 20% to 25.1 billion.\u00a0 Roku expects $770 million in second-quarter revenue, topping analysts\u2019 expectations for $708.5 million. Southwest Drops After Disappointing Earnings Southwest Airlines (LUV) shares are falling 4.7% ahead of the open after reporting a wider loss than expected in the first quarter.\u00a0 Here\u2019s how the airline\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted loss per share: $0.27 vs $0.23 expected Revenue: $5.71 billion vs $5.73 billion expected Southwest said it took a $325 million revenue hit during the quarter related to its holiday cancellations at the end of 2022.\u00a0 The company expects revenue struggles to continue this quarter.\u00a0 Southwest forecast revenue per available seat mile will be down 8% to 10% year over year in Q2 with capacity up 14% But the airline did forecast a profit for the current quarter.\u00a0 GDP Growth Slows U.S. economic growth slowed more than expected at the beginning of 2023.\u00a0 The Commerce Department\u2019s initial estimate shows GDP rose at a 1.1% annualized pace in the first quarter.\u00a0 That was slower than economists\u2019 expectations for 2% growth and down from 2.6% in Q4. Inflation remained high during the quarter with the PCE price index rising 4.2% vs 3.7% expected.\u00a0 Consumer spending rose 3.7% and exports jumped 4.8%. But gross private domestic investment tumbled 12.5%. Weekly Jobless Claims Tumble Weekly jobless claims dropped unexpectedly last week.\u00a0 The Labor Department reported 230,000 Americans filed initial claims for unemployment benefits.\u00a0 That was down by 16,000 and better than expectations for claims to rise to 249,000. Continuing claims fell by 3,000 to 1.86 million in the week ending April 15.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":67546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-67544","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\/67544","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=67544"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67544\/revisions"}],"predecessor-version":[{"id":67547,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67544\/revisions\/67547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/67546"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=67544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=67544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=67544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}