CFO Amy Hood said on the call that fourth-quarter capital expenditure will rise sequentially from the $21.4 billion spent in the previous three-month period.
CFO Akash Palkhiwala acknowledged the uncertainty around the impact of the global trade landscape on demand across the company’s businesses, according to Koyfin’s transcript.
Meta raised its capex estimate for the year to $64 billion-$72 billion from $60 billion-$65 billion, citing increased data center investments and higher infrastructure hardware costs.
Seaport Research analyst Jay Goldberg argued that Nvidia is one of the leading beneficiaries of the current AI spending boom, but its prospects are "well understood and largely priced into the stock."
Edgewater noted that the mobile gaming macro environment appears to be decelerating gradually, while competition from both Meta and Alphabet is intensifying.
According to the terms of the deal, Novartis, through a subsidiary, will initiate a tender offer to acquire all of Regulus' outstanding shares for an initial price of $7.00 per share or $800 million.
However, the e-commerce player reported a net loss of $52.1 million during the quarter compared to a profit of $63 million in the same quarter a year ago, reflecting an impairment charge of $101.7 million to the goodwill of Reverb.
Humana’s insurance segment benefit ratio came in at 87.4% in the quarter, in line with its estimate of approximately 87.5%, reflecting medical cost trends that aligned with its expectations.
Taylor Wiederhorn will be the new joint leader, replacing Rob Rosen, who will move to a consulting position focused on debt and capital markets for the company.
The Finchat-compiled consensus estimates model earnings per share (EPS) of $5.21 and revenue of $41.36 billion for the first quarter of the fiscal year 2025.
CEO Evan Spiegel noted progress with direct-response advertising solutions, continued momentum in driving performance for small and medium sized businesses and growth of Snapchat+ subscription business.
