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FB.NQ 15.46%
Meta Platforms – Facebook’s parent shares are up sharply after solidly beating Wall Street’s profit estimates; Facebook daily active users (DAU) were 1.96 bln, slightly higher than the estimate of 1.95 bln. Meta’s profit soundly beat Wall Street targets at $2.72 per share, compared with an average analyst estimate of $2.56, according to IBES data from Refinitiv. The earning beats were tempered by Meta recording its slowest revenue growth in a decade. Facebook daily active users (DAU), a key metric for advertisers, were 1.96 billion, slightly higher than the estimate of 1.95 billion, according to IBES data from Refinitiv. Monthly active users came in at 2.94 billion, missing Wall Street estimates by 30 million.

QCOM.NQ 6.44%
Qualcomm Inc – Semi stocks getting a boost from a better than expected forecast from the company who said it now sees Q3 revenue above expectations after beating second-quarter revenue and profit estimates on Wednesday. QCOM’s positive results and outlook were largely due to its move to focus on a growing non-handset business to cushion a likely hit from slowing smartphone demand. Qualcomm forecast current-quarter revenue between a range of $10.5 billion and $11.3 billion, compared with analysts’ estimates of $9.98 billion, according to IBES data from Refinitiv. Adjusted revenue for the quarter ended March 27 was $11.16 billion, above estimates of $10.6 billion. Excluding items, Qualcomm earned $3.21 per share, beating estimates of $2.91.

PINS.NY 8.73%
Pinterest Inc – Forecast a rosy outlook for user growth on its Snapchat app, but said supply-chain disruptions and inflation could continue to hurt advertising demand. Shares of Snap fell as much as 10% immediately after the results, but pared losses later on as investors digested the mixed results. Snap forecast second-quarter daily active users at between 343 million and 345 million, above Wall Street estimates of 340 million. However, the company warned that inflation, labor shortages and other economic challenges could pressure revenue. It forecast second-quarter revenue growth between 20% and 25% over the previous year. The growth rate so far in the current quarter has been 30%.

F.NY 2.09%
Ford Motor Co – Posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Ford posted operating earnings of $2.3 billion in the first quarter, above expectations but well below the year-earlier $3.9 billion. A markdown in the value of its stake in electric vehicle maker Rivian Automotive resulted in a first-quarter net loss of $3.1 billion. The automaker’s operating profit of 38 cents a share beat analysts’ estimates by a penny. Revenue of $34.5 billion also topped estimates of $31.1 billion. Citing the strong demand and pricing, Ford reaffirmed its forecast for operating earnings in the full year of $11.5 billion to $12.5 billion.

PYPL.NQ 3.35%
PayPal Holdings – Trading higher even as it lowered its full-year profit outlook, signaling that payments volumes could take a hit from surging inflation and the conflict in Ukraine. The company said it expects adjusted profit between $3.81 and $3.93 on a per share basis, down from its previous forecast of $4.60 to $4.75. In the first three months of the year, PayPal’s revenue rose 8% on an FX neutral basis to $6.5 billion, above Wall Street estimates of $6.4 billion. PayPal closed the first quarter with 429 million active accounts, up 9% from the previous quarter, mostly driven by Venmo users. PayPal earned a profit of 88 cents per share on an adjusted basis, which was in line with analysts’ expectations. The company said it expected an adjusted profit of 86 cents per share in the current quarter, below analysts’ estimates of $1.12 per share.

TDOC.NY -43.36%
Teladoc Health – Down sharply after the remote healthcare provider reported deeper-than-expected losses for the first quarter and cut its financial projections for the year. The stock already had slid 70% over the past 12 months as the company struggled to shake off concerns that it’s just a pandemic play. During the first three months of 2022, Teladoc posted a loss of $6.67 billion, or $41.58 a share, vs an expected -.60 cents a share, on average. Teladoc didn’t disclose many details about the goodwill impairment charge, but a large part of goodwill on its books came from its $18.5 billion acquisition of Livongo in 2020.

TWTR.NY 0.53%
Twitter Inc – What could be one of its last reports as a public company after its board agreed to sell to Elon Musk for $44 billion. Reported non-GAAP EPS of $0.90 beats by $0.87, revenue of $1.2B missed by $30M. Monetizable Daily Active Users (mDAUs): 229 million vs 226.9 million expected.

BABA.NY 1.56%
Alibaba Group Holdings – Higher for the second straight session after announcing plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home. The move comes months after Alibaba’s logistics arm, Cainiao, opened a central hub for European sales in Belgium.

IDAI.NQ 165.20%
T Stamp Inc – Announced it has launched its Biometric Multi-Factor Authentication solution. The first-of-its-kind Biometric MFATM streamlines robust identity assurance with a simple selfie. Built on Trust Stamp’s advanced biometric tokenization, Biometric MFATM is spoof-resistant, verifies liveness, and replaces or supplements vulnerable one-time passcodes.

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