{"id":73707,"date":"2024-02-14T09:09:19","date_gmt":"2024-02-14T14:09:19","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73707"},"modified":"2024-02-14T09:10:30","modified_gmt":"2024-02-14T14:10:30","slug":"coffee-with-greta-shaking-it-off","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/02\/14\/coffee-with-greta-shaking-it-off\/","title":{"rendered":"Coffee With Greta: Shaking It Off"},"content":{"rendered":"

DJIA Futures: <\/b>+98 (+0.3%)<\/span><\/p>\n

SPX Futures: <\/b>+22 (+0.4%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+98 (+0.6%)<\/span><\/p>\n

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

Futures are rising as traders attempt to shake off Tuesday\u2019s inflation-fueled tumble.<\/span><\/p>\n

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

Airbnb Slips After Earnings<\/span><\/h2>\n

Airbnb <\/b>(ABNB) shares are down 4.2% ahead of the open despite beating Q4 revenue expectations.\u00a0<\/span><\/p>\n

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

    \n
  • Loss per share: $0.55, not comparable to estimates<\/span><\/li>\n
  • Revenue: $2.22 billion vs $2.16 billion expected<\/span><\/li>\n<\/ul>\n

    Nights of accommodation and experiences booked rose 12% year over year to 98.8 million.\u00a0<\/span><\/p>\n

    Airbnb said it expects that growth rate to moderate in Q1.\u00a0<\/span><\/p>\n

    The company forecast Q1 revenue between $2.03 billion and $2.07 billion, up 12% to 14% from a year ago.\u00a0<\/span><\/p>\n

    Lyft Surges On Q4 Beat, Strong Guidance<\/span><\/h2>\n

    Lyft <\/b>(LYFT) shares are rallying 21.9% in premarket trade after beating Q4 expectations and issuing better-than-expected guidance.\u00a0<\/span><\/p>\n

    Here\u2019s how the ride-hailing service\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.18 vs $0.08 expected<\/span><\/li>\n
    • Revenue: $1.22 billion, as expected<\/span><\/li>\n<\/ul>\n

      Revenue increased 4% year over year while gross bookings jumped 17% to $3.7 billion.\u00a0<\/span><\/p>\n

      Lyft initially made a mistake in its earnings press release, saying it expected 5% margin growth in 2024.\u00a0<\/span><\/p>\n

      That prompted the stock to surge more than 60% in after-hours trade on Tuesday.<\/p>\n

      But the CFO corrected that mistake during the earnings call, saying they expect 0.5% growth.\u00a0<\/span><\/p>\n

      The adjusted profit margin as a percentage of bookings is anticipated to be 2.1% this year vs 1.6% in 2023.\u00a0<\/span><\/p>\n

      Lyft expects gross bookings in Q1 to be between $3.5 billion and $3.6 billion, beating expectations for $3.46 billion.\u00a0<\/span><\/p>\n

      Robinhood Soars On Surprise Profit<\/span><\/h2>\n

      Robinhood <\/b>(HOOD) shares are up 14.9% ahead of the open after reporting a surprise profit in Q4.\u00a0<\/span><\/p>\n

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

        \n
      • EPS: $0.03 vs $0.01 loss expected<\/span><\/li>\n
      • Revenue: $471 million vs $455 million expected<\/span><\/li>\n<\/ul>\n

        Monthly active users rose to 10.9 million from 10.3 million in Q3.\u00a0<\/span><\/p>\n

        Average revenue per user also rose to $81 from $80.\u00a0<\/span><\/p>\n

        Robinhood cited those metrics as signs that retail traders are returning to the market.\u00a0<\/span><\/p>\n

        Mortgage Demand Drops As Rates Surge<\/span><\/h2>\n

        Homebuyers pulled back last week as mortgage rates jumped higher.\u00a0<\/span><\/p>\n

        The Mortgage Bankers Association reported total application volume dropped 2.3% last week from the previous week.\u00a0<\/span><\/p>\n

        Purchase applications dropped 3% weekly and 12% year over year.\u00a0<\/span><\/p>\n

        Refinance applications fell 2% weekly and were still up 12% compared to the same week a year ago.\u00a0<\/span><\/p>\n

        The decrease in activity came as the average 30-year fixed contract rate rose to 6.87% from 6.80%, the highest since early December.<\/span><\/p>\n

        Rates have since pushed back above 7% this week after the hotter-than-expected CPI data on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: +98 (+0.3%) SPX Futures: +22 (+0.4%) NASDAQ Futures: +98 (+0.6%) Good morning friends! Futures are rising as traders attempt to shake off Tuesday\u2019s inflation-fueled tumble. Let\u2019s get right to it! Airbnb Slips After Earnings Airbnb (ABNB) shares are down 4.2% ahead of the open despite beating Q4 revenue expectations.\u00a0 Here\u2019s how the vacation rental company\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.55, not comparable to estimates Revenue: $2.22 billion vs $2.16 billion expected Nights of accommodation and experiences booked rose 12% year over year to 98.8 million.\u00a0 Airbnb said it expects that growth rate to moderate in Q1.\u00a0 The company forecast Q1 revenue between $2.03 billion and $2.07 billion, up 12% to 14% from a year ago.\u00a0 Lyft Surges On Q4 Beat, Strong Guidance Lyft (LYFT) shares are rallying 21.9% in premarket trade after beating Q4 expectations and issuing better-than-expected guidance.\u00a0 Here\u2019s how the ride-hailing service\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.18 vs $0.08 expected Revenue: $1.22 billion, as expected Revenue increased 4% year over year while gross bookings jumped 17% to $3.7 billion.\u00a0 Lyft initially made a mistake in its earnings press release, saying it expected 5% margin growth in 2024.\u00a0 That prompted the stock to surge more than 60% in after-hours trade on Tuesday. But the CFO corrected that mistake during the earnings call, saying they expect 0.5% growth.\u00a0 The adjusted profit margin as a percentage of bookings is anticipated to be 2.1% this year vs 1.6% in 2023.\u00a0 Lyft expects gross bookings in Q1 to be between $3.5 billion and $3.6 billion, beating expectations for $3.46 billion.\u00a0 Robinhood Soars On Surprise Profit Robinhood (HOOD) shares are up 14.9% ahead of the open after reporting a surprise profit in Q4.\u00a0 Here\u2019s how the online brokerage\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $0.03 vs $0.01 loss expected Revenue: $471 million vs $455 million expected Monthly active users rose to 10.9 million from 10.3 million in Q3.\u00a0 Average revenue per user also rose to $81 from $80.\u00a0 Robinhood cited those metrics as signs that retail traders are returning to the market.\u00a0 Mortgage Demand Drops As Rates Surge Homebuyers pulled back last week as mortgage rates jumped higher.\u00a0 The Mortgage Bankers Association reported total application volume dropped 2.3% last week from the previous week.\u00a0 Purchase applications dropped 3% weekly and 12% year over year.\u00a0 Refinance applications fell 2% weekly and were still up 12% compared to the same week a year ago.\u00a0 The decrease in activity came as the average 30-year fixed contract rate rose to 6.87% from 6.80%, the highest since early December. Rates have since pushed back above 7% this week after the hotter-than-expected CPI data on Tuesday.<\/p>\n","protected":false},"author":41,"featured_media":73709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73707","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\/73707","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=73707"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73707\/revisions"}],"predecessor-version":[{"id":73712,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73707\/revisions\/73712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73709"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}