Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Halftime Report Final Trades," Steve Weiss of Short Hills Capital Partners named Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) as his final trade.
Alphabet recently posted better-than-expected earnings results for its fourth quarter. However, Google’s advertising sales came in short of market estimates. Alphabet’s fourth-quarter revenue increased 13% year-over-year to $86.31 billion, which beat the consensus estimate of $85.33 billion, according to Benzinga Pro. The company reported quarterly adjusted earnings of $1.64 per share, which beat analyst estimates of $1.59 per share.
Sarat Sethi named PayPal Holdings, Inc. (NASDAQ: PYPL), which is scheduled to release its quarterly earnings this week.
PayPal Holdings recently initiated company-wide layoffs, impacting around 9% of its workforce, or approximately 2,500 employees. CEO Alex Chriss confirmed this development to employees in a letter.
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Amy Raskin of Chevy Chase Trust picked Fiverr International Ltd. (NYSE: FVRR).
Fiverr International is expected to release fourth-quarter financial results for the period ended Dec. 31, 2023, before the opening bell on Feb. 22, 2024. Analysts expect the company to report quarterly earnings at 48 cents per share on revenue of $92.55 million.
Joe Terranova of Virtus Investment Partners named Apple Inc. (NASDAQ: AAPL).
Apple Inc reported better-than-expected earnings and revenue for its first quarter. The iPhone maker reported first-quarter earnings per share of $2.18 and revenue of $119.6 billion, thanks to record Services revenue and iPhone revenue. However, the company reported a revenue decline in China.
Price Action:
- Alphabet shares were trading at $145.69 at last check on Tuesday.
- Shares of PayPal fell 1.4% to close at $61.54 on Monday, but were up more than 2.3% at last check on Tuesday, $63.
- Fiverr International shares declined 4% to settle at $26.53 during Monday’s session, but were up more than 2.5% on Tuesday at 11 a.m., with the stock hovering at around $27.21.
- Shares of Apple gained 1% to settle at $187.68 on Monday, and opened Tuesday at $186.87.
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