Snap’s Q4 Sends Shares Skidding, Juniper Networks CEO Rami Rahim on Earnings & Match Group CFO Gary Swidler on Results 2/1/23

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CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 1 February 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

We begin today’s show with our Julia Boorstin breaking down Snap’s Q4 results, and Goldman Sachs Managing Director Eric Sheridan shares his expectations for this week’s earnings from Meta and Amazon. Then, Juniper Networks CEO Rami Rahim joins after the company posted a miss on Q4 revenue, and BMO Wealth Management Chief Investment Strategist Yung-Yu Ma offers his outlook for how to navigate the current environment for interest rates. Next, CNBC’s Jennifer Elias reports on Google testing ChatGPT-like products, and we take a deep dive into Match Group’s latest earnings with CFO Gary Swidler. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Julia Borstin and you're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern listen in.
0:07.8	Welcome to Tech Check. I'm John Fort with talking to Dia and dear Dravosa. Today, Snap shares getting crushed this morning after a huge
0:15.3	miss on revenue and a disappearing digital ad market, the read-through for earnings
0:20.4	tonight with Meta and Alphabet, such a report. Those results against the
0:24.4	backdrop of the Fed this afternoon with the NASDAQ already up double digits
0:29.5	so far in 2023. How today's decision will impact the tech stocks in your portfolio.
0:35.1	That's next. And John, we've still got the mega caps left to report this week.
0:39.1	So markets they are muted today ahead of that and the Fed decision this afternoon.
0:43.0	Plenty of earnings movers to mention already.
0:46.0	Both Juniper Networks and Match Group, they are down big this morning.
0:49.0	We have the CEO and CFO respectively coming up this hour.
0:52.0	As you can see, the NASDAQ comp down about six times. NCFO respectively coming up this hour.
0:52.9	As you can see the NASDAQ comp down about six tenths of 1%.
0:55.8	Let's take a look at EA falling farther
0:58.1	than the two I just mentioned, Juniper and Map,
1:00.8	excuse me.
1:01.4	It's a miss on earnings, guidance bookings, just really a
1:04.2	brutal quarter for them down nearly 12% in the session so far. All three of those
1:08.4	stocks near the bottom of the S&P today. And we're going to talk about the
1:11.4	gaming impact on AMD as well as two chip names go opposite ways on earnings, Carl.
1:17.0	We'll start though with this sharp move lower for shares of SNAP. Advertising revenue definitely a focal point for
1:24.5	investors as they await results from Meta tonight. Our Julia Borston is
	...

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