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The ride-hailing companies showed strong recovery in their latest earnings, but investors are still wary about driver shortages and looming regulation. ....
Elon Musk says pandemic supply-chain issues and a global microchip shortage resulted in insane difficulties for Tesla Elon Musk says pandemic supply-chain issues and a global microchip shortage resulted in insane difficulties for Tesla Grace KayApr 27, 2021, 04:54 IST Elon MuskNurPhoto/Contributor/Getty Images Elon Musk said Tesla experienced significant supply chain hurdles in the last quarter. Musk cited the global chip shortage, as well as port delays, and COVID-19 restrictions in China. Supply-chain disruptions have impacted many US companies, causing shortages and price hikes. Elon Musk told investors during the Tesla s quarterly earnings call that the automaker has been forced to reckon with numerous supply chain issues in 2021. ....
Google Cloud brought $4.02 billion in revenue and had an operating loss of $974 million in Q1, versus $3.99 billion in revenue expected by analysts. That s compared to $3.83 billion in revenue and $1.24 billion in operating losses during Q4 2020, the first time Google broke out its cloud business performance separately. Google s ad business also continued to rebound, following its first-ever revenue decline in Q2 2020, as advertisers reallocate their budgets back toward Google s platforms, especially YouTube, which brought in $6.01 billion in revenue during Q1 2021. Following Alphabet s Q4 2020 earnings, analysts told Insider s Hugh Langley that YouTube s explosive 46% year-over-year Q4 growth signaled that the company has finally started tapping into lucrative TV ad spending. ....
JOHNNY EGGITT/AFP via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Earnings season is about to hit overdrive, and results can make or break the market. The reopening trade is regaining steam as businesses recover and vaccination rates rise. JPMorgan s numbers guy has picked 5 options trades to maximize your profits this earnings season. During the first quarter of last year the pandemic began to tank the economy, making the bar for stocks to surpass analyst estimates in the first quarter of this year incredibly low. In fact, according to JPMorgan, analyst consensus calls for earnings per share to increase an incredible 21% year-over-year across the market. ....