Q2 Earnings Update: Uber and Disney Shine, Airbnb Falls Short, Google Faces Antitrust Challenges
Stock Earnings Results
August 12, 2024
Amid the turbulence of the market selloff, the second-quarter earnings season pushed forward with significant developments.
Key performances included Uber's (UBER) 19% year-over-year growth in gross bookings, Caterpillar's (CAT) raised profit forecast for the year, Airbnb's (ABNB) disappointing guidance for the current quarter, and Walt Disney's (DIS) streaming services posted a quarterly profit for the first time.
Google was told it violated antitrust laws by paying Apple and Samsung to make Google the default search on the phones, opening up the possibility of penalties following Alphabet's appeal.
The news didn't rattle Google stock and options traders and the stock price remained the same. Meanwhile, Cisco and Dodge parent company Stellantis laid off thousands of workers, as noted by LevelFields AI stock alerts.
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