Yahoo Finance Live anchors Seana Smith and Jared Blikre break down some of the most important headlines from the trading day, including Snap’s entry into the A.I. race.
Video Transcript
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JARED BLIKRE: Well, it is closing time at Yahoo Finance, and here’s everything you need to know to end your day.
We got a glimpse into business spending with quarterly reports from Zoom and Workday. Zoom’s Q4 earnings beating on the top and bottom lines. The company posted revenue of $1.1 billion, up 4% year over year. And Zoom beat Wall Street estimates on adjusted EPS as well. That’s up $1.22 per share versus the $0.80 that were expected. Meanwhile, Workday trading lower after hours, despite reporting fourth-quarter results that beat estimates. Now, the software company reporting $1.65 billion in revenue and adjusted earnings of $0.99 per share.
SEANA SMITH: All right. Now let’s turn to January pending home sales data which surged 8.1% from December, the largest jump that we have seen since June 2020. You get an idea of how far the market is, though, from the highs of last year when you look at that year-over-year number, which is down 24.1%. National Association of Realtors Chief Economist Lawrence Yun saying that he thinks, quote, an annual gain in home sales won’t occur until 2024.
JARED BLIKRE: And, finally, Snap is the latest tech company to throw its hat in the AI ring. The social media company announcing it’s launching a chatbot named My AI. That will use the latest version of OpenAI’s ChatGPT technology. Snap is describing it– Snap is describing it as a, quote, experimental feature for Snapchat Plus subscribers that can be used for things like suggesting recipes or help picking out a birthday gift. We’ll see how that goes. However, Snap is warning that, like many other AI services, the bot can be tricked into saying just about anything.
