Coinbase Jumps, Meta Rises, Fiserv Slides as Organic Revenue Misses Expectations
About this episode
This episode discusses the stock movements of Coinbase, Meta, and Fiserv based on recent company announcements and earnings reports.
On this episode of Stock Movers: - Coinbase (COIN) shares rise. Coinbase Global Inc. said it will cut around 14% of its workforce to manage costs in volatile markets and technological advances in artificial intelligence. - Meta (META) shares rise. Meta Platforms Inc. is working on a financing package for a data center in El Paso, Texas, that could total roughly $13 billion, underscoring Big Tech’s growing reliance on debt to bankroll the infrastructure behind the AI boom. - Fiserv (FISV) shares slide. The payments company reported first quarter adjusted revenue and organic revenue that came in below analyst expectations. KBW analyst Vasundhara Govil said “although FISV reported a headline EPS beat, it was low quality with revenues coming in below expectations” See omnystudio.com/listener for privacy information.
More episodes of Stock Movers
- Alphabet Rises, Paypal Drops, Eaton Slides as 2Q Profit Forecast Misses Estimates
- Coinbase and Pinterest Jump; Shopify Slumps
- Pfizer, DuPont, and Intel Drive Higher
- HSBC Falls, Intertek Jumps, Rheinmetall Gains
- HSBC Drops, UniCredit Gains, AB InBev Rises
- eBay Rallies, Tyson Soars, UPS Sinks
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